Two Sigma Advisers LP Raises Holdings in United Microelectronics Corp (NYSE:UMC)

Two Sigma Advisers LP lifted its position in United Microelectronics Corp (NYSE:UMC) by 11.4% during the 1st quarter, according to its most recent disclosure with the Securities and Exchange Commission. The fund owned 823,130 shares of the semiconductor company’s stock after purchasing an additional 84,200 shares during the quarter. Two Sigma Advisers LP’s holdings in United Microelectronics were worth $1,786,000 at the end of the most recent reporting period.

A number of other institutional investors have also recently made changes to their positions in UMC. Mercer Global Advisors Inc. ADV grew its holdings in United Microelectronics by 34.6% during the 4th quarter. Mercer Global Advisors Inc. ADV now owns 19,912 shares of the semiconductor company’s stock valued at $53,000 after buying an additional 5,117 shares in the last quarter. Sontag Advisory LLC grew its holdings in shares of United Microelectronics by 41.2% in the first quarter. Sontag Advisory LLC now owns 22,191 shares of the semiconductor company’s stock valued at $48,000 after purchasing an additional 6,473 shares in the last quarter. Pinnacle Wealth Planning Services Inc. increased its position in United Microelectronics by 35.2% in the first quarter. Pinnacle Wealth Planning Services Inc. now owns 25,596 shares of the semiconductor company’s stock worth $55,000 after purchasing an additional 6,670 shares during the last quarter. Ritholtz Wealth Management raised its stake in United Microelectronics by 66.1% during the first quarter. Ritholtz Wealth Management now owns 20,579 shares of the semiconductor company’s stock valued at $45,000 after purchasing an additional 8,193 shares in the last quarter. Finally, Signaturefd LLC lifted its position in United Microelectronics by 5.8% during the first quarter. Signaturefd LLC now owns 152,611 shares of the semiconductor company’s stock valued at $331,000 after purchasing an additional 8,356 shares during the last quarter. 5.26% of the stock is owned by institutional investors.

Several analysts have recently issued reports on UMC shares. JPMorgan Chase & Co. cut shares of United Microelectronics from a “neutral” rating to an “underweight” rating in a research report on Thursday, March 12th. Macquarie downgraded United Microelectronics from an “outperform” rating to a “neutral” rating and set a $17.80 price objective on the stock. in a research report on Wednesday, June 10th. ValuEngine lowered United Microelectronics from a “hold” rating to a “sell” rating in a research note on Friday, May 1st. TheStreet raised United Microelectronics from a “c” rating to a “b-” rating in a research report on Tuesday, April 28th. Finally, Morgan Stanley downgraded United Microelectronics from an “overweight” rating to an “equal weight” rating in a research report on Thursday, April 23rd. Two research analysts have rated the stock with a sell rating, four have issued a hold rating and three have issued a buy rating to the company’s stock. The stock currently has a consensus rating of “Hold” and an average target price of $17.80.

UMC opened at $2.64 on Wednesday. The company has a debt-to-equity ratio of 0.25, a quick ratio of 2.25 and a current ratio of 2.61. The stock’s 50 day moving average price is $2.58 and its 200-day moving average price is $2.54. United Microelectronics Corp has a one year low of $1.99 and a one year high of $2.94. The stock has a market cap of $6.05 billion, a price-to-earnings ratio of 18.86 and a beta of 0.94.

United Microelectronics (NYSE:UMC) last posted its quarterly earnings data on Monday, April 27th. The semiconductor company reported $0.03 earnings per share (EPS) for the quarter. United Microelectronics had a return on equity of 5.22% and a net margin of 6.79%. The company had revenue of $1.40 billion during the quarter.

The business also recently announced an annual dividend, which will be paid on Wednesday, August 12th. Stockholders of record on Wednesday, July 15th will be paid a dividend of $0.1362 per share. This is a positive change from United Microelectronics’s previous annual dividend of $0.09. This represents a dividend yield of 2.5%. The ex-dividend date is Tuesday, July 14th.

United Microelectronics Profile

United Microelectronics Corporation provides semiconductor wafer foundry solutions. The company operates through Wafer Fabrication and New Business segments. It provides circuit design, mask tooling, wafer fabrication, and assembly and testing services. The company also engages in the research, development, and manufacture of products in the solar energy and light-emitting diode industries.

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Institutional Ownership by Quarter for United Microelectronics (NYSE:UMC)

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