United Microelectronics Corporation $UMC Shares Sold by Headlands Technologies LLC

Headlands Technologies LLC cut its stake in United Microelectronics Corporation (NYSE:UMC) by 67.7% in the second quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor owned 32,855 shares of the semiconductor company’s stock after selling 68,901 shares during the period. Headlands Technologies LLC’s holdings in United Microelectronics were worth $894,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other hedge funds and other institutional investors have also recently made changes to their positions in UMC. Smartleaf Asset Management LLC purchased a new position in United Microelectronics during the second quarter worth approximately $27,000. TD Private Client Wealth LLC purchased a new stake in United Microelectronics in the 4th quarter valued at $32,000. CoreCap Advisors LLC increased its stake in shares of United Microelectronics by 271.0% in the 2nd quarter. CoreCap Advisors LLC now owns 1,369 shares of the semiconductor company’s stock worth $37,000 after acquiring an additional 1,000 shares during the last quarter. Trust Co. of Vermont acquired a new stake in shares of United Microelectronics in the 2nd quarter worth $41,000. Finally, Kestra Advisory Services LLC acquired a new stake in shares of United Microelectronics in the 4th quarter worth $52,000. Institutional investors and hedge funds own 5.05% of the company’s stock.

United Microelectronics Price Performance

UMC stock opened at $20.56 on Wednesday. The business has a fifty day moving average of $21.33 and a two-hundred day moving average of $16.53. The company has a quick ratio of 1.81, a current ratio of 2.17 and a debt-to-equity ratio of 0.10. The stock has a market cap of $51.76 billion, a price-to-earnings ratio of 19.21, a price-to-earnings-growth ratio of 0.47 and a beta of 1.59. United Microelectronics Corporation has a 52-week low of $6.56 and a 52-week high of $28.96.

United Microelectronics (NYSE:UMC) last posted its earnings results on Tuesday, June 30th. The semiconductor company reported $0.53 EPS for the quarter. United Microelectronics had a return on equity of 21.00% and a net margin of 33.18%.The company had revenue of $2.16 billion for the quarter. As a group, research analysts anticipate that United Microelectronics Corporation will post 1.23 earnings per share for the current year.

United Microelectronics Increases Dividend

The firm also recently disclosed an annual dividend, which was paid on Thursday, August 6th. Investors of record on Wednesday, July 8th were given a dividend of $0.4122 per share. This represents a dividend yield of 166.0%. The ex-dividend date of this dividend was Wednesday, July 8th. This is a positive change from United Microelectronics’s previous annual dividend of $0.37. United Microelectronics’s dividend payout ratio is 28.97%.

Wall Street Analysts Forecast Growth

Several brokerages have recently weighed in on UMC. Arete Research raised shares of United Microelectronics from a “neutral” rating to a “buy” rating in a research report on Monday, August 10th. Weiss Ratings upgraded shares of United Microelectronics from a “hold (c)” rating to a “hold (c+)” rating in a research report on Thursday, July 30th. Zacks Research upgraded shares of United Microelectronics from a “hold” rating to a “strong-buy” rating in a research report on Tuesday, July 28th. BNP Paribas Exane reaffirmed an “underperform” rating on shares of United Microelectronics in a research note on Thursday, May 28th. Finally, Wall Street Zen upgraded shares of United Microelectronics from a “hold” rating to a “buy” rating in a report on Saturday, July 25th. One analyst has rated the stock with a Strong Buy rating, one has issued a Buy rating, one has given a Hold rating and three have issued a Sell rating to the company’s stock. According to data from MarketBeat, the stock presently has a consensus rating of “Hold” and a consensus target price of $8.60.

United Microelectronics Profile

United Microelectronics Corporation (UMC) is a Taiwan-based semiconductor foundry that provides wafer fabrication and related manufacturing services to a global customer base. Founded in 1980, the company operates as a pure-play foundry, producing integrated circuits for a range of customers including fabless semiconductor companies and integrated device manufacturers. UMC is publicly listed (NYSE: UMC) and focuses on high-reliability manufacturing rather than branding consumer products.

UMC’s core services encompass wafer fabrication using a portfolio of process technologies, with particular emphasis on mature and specialty nodes that support analog, power-management, radio-frequency (RF), and mixed-signal applications.