US Bancorp DE Sells 4,096 Shares of United Microelectronics Corporation (NYSE:UMC)

US Bancorp DE cut its stake in shares of United Microelectronics Corporation (NYSE:UMC) by 1.1% during the second quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 359,668 shares of the semiconductor company’s stock after selling 4,096 shares during the period. US Bancorp DE’s holdings in United Microelectronics Corporation were worth $877,000 as of its most recent filing with the SEC.

A number of other hedge funds and other institutional investors have also recently bought and sold shares of UMC. Vanguard Group Inc. increased its position in United Microelectronics Corporation by 4.2% in the first quarter. Vanguard Group Inc. now owns 32,711,892 shares of the semiconductor company’s stock valued at $63,134,000 after buying an additional 1,306,206 shares in the last quarter. Renaissance Technologies LLC increased its stake in shares of United Microelectronics Corporation by 22.4% in the first quarter. Renaissance Technologies LLC now owns 12,087,589 shares of the semiconductor company’s stock worth $23,329,000 after buying an additional 2,215,200 shares during the period. Aperio Group LLC increased its stake in shares of United Microelectronics Corporation by 8.2% in the second quarter. Aperio Group LLC now owns 9,942,198 shares of the semiconductor company’s stock worth $24,259,000 after buying an additional 753,045 shares during the period. Karp Capital Management Corp bought a new stake in shares of United Microelectronics Corporation during the first quarter worth about $17,735,000. Finally, Morgan Stanley increased its stake in shares of United Microelectronics Corporation by 9,690.5% in the first quarter. Morgan Stanley now owns 6,128,440 shares of the semiconductor company’s stock worth $11,827,000 after buying an additional 6,065,844 shares during the period. 6.42% of the stock is owned by hedge funds and other institutional investors.

Shares of United Microelectronics Corporation (NYSE:UMC) traded up 2.67% during mid-day trading on Friday, hitting $2.31. The company’s stock had a trading volume of 327,933 shares. The stock has a 50-day moving average of $2.33 and a 200-day moving average of $2.05. The company has a market cap of $5.64 billion, a PE ratio of 17.77 and a beta of 0.60. United Microelectronics Corporation has a 12-month low of $1.74 and a 12-month high of $2.57.

United Microelectronics Corporation (NYSE:UMC) last released its quarterly earnings results on Wednesday, July 26th. The semiconductor company reported $0.03 earnings per share for the quarter, topping the Zacks’ consensus estimate of $0.02 by $0.01. United Microelectronics Corporation had a return on equity of 4.58% and a net margin of 6.52%. The company had revenue of $37.54 billion during the quarter, compared to analysts’ expectations of $37.15 billion. During the same period in the previous year, the firm posted $0.37 earnings per share. The business’s revenue for the quarter was down 1.2% compared to the same quarter last year. On average, equities research analysts forecast that United Microelectronics Corporation will post $0.11 EPS for the current year.

The business also recently declared an annual dividend, which will be paid on Thursday, August 17th. Stockholders of record on Tuesday, July 11th will be issued a $0.0827 dividend. This represents a dividend yield of 4.22%. This is a boost from United Microelectronics Corporation’s previous annual dividend of $0.00. The ex-dividend date of this dividend is Friday, July 7th. United Microelectronics Corporation’s payout ratio is 46.16%.

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A number of analysts have issued reports on UMC shares. BidaskClub downgraded United Microelectronics Corporation from a “strong-buy” rating to a “buy” rating in a research note on Monday, July 31st. Daiwa Capital Markets downgraded United Microelectronics Corporation from a “hold” rating to an “underperform” rating in a research note on Wednesday, July 26th. Instinet downgraded United Microelectronics Corporation from a “neutral” rating to a “reduce” rating in a research note on Monday, July 3rd. Macquarie downgraded United Microelectronics Corporation from a “neutral” rating to an “underperform” rating in a research note on Thursday, June 29th. Finally, Citigroup Inc. downgraded United Microelectronics Corporation from a “neutral” rating to a “sell” rating in a research note on Wednesday, July 26th. Eight equities research analysts have rated the stock with a sell rating, one has given a hold rating and two have given a buy rating to the stock. United Microelectronics Corporation has an average rating of “Sell” and an average price target of $2.10.

United Microelectronics Corporation Company Profile

United Microelectronics Corporation is a global semiconductor foundry. The Company provides integrated circuit (IC) production for applications spanning every sector of the electronics industry. The Company operates through two segments: wafer fabrication and new business. The primary operating activity of the Company’s wafer fabrication segment is the manufacture of chips to the design specifications of its customers by using its own processes and techniques.

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

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