Public Employees Retirement System of Ohio Makes New Investment in United Microelectronics Corporation $UMC

Public Employees Retirement System of Ohio purchased a new stake in shares of United Microelectronics Corporation (NYSE:UMC) during the 2nd quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The firm purchased 26,121 shares of the semiconductor company’s stock, valued at approximately $711,000.

A number of other institutional investors also recently modified their holdings of the company. Jones Financial Companies Lllp grew its stake in United Microelectronics by 1,794.6% in the 1st quarter. Jones Financial Companies Lllp now owns 62,656 shares of the semiconductor company’s stock valued at $448,000 after buying an additional 59,349 shares during the last quarter. Goldman Sachs Group Inc. lifted its position in United Microelectronics by 10.5% during the 1st quarter. Goldman Sachs Group Inc. now owns 5,655,721 shares of the semiconductor company’s stock worth $40,438,000 after acquiring an additional 537,777 shares during the last quarter. Sivia Capital Partners LLC boosted its holdings in United Microelectronics by 25.8% during the second quarter. Sivia Capital Partners LLC now owns 29,408 shares of the semiconductor company’s stock valued at $225,000 after acquiring an additional 6,028 shares during the period. Legal & General Group Plc bought a new stake in United Microelectronics during the second quarter valued at about $108,000. Finally, Franklin Resources Inc. grew its position in shares of United Microelectronics by 37.9% in the second quarter. Franklin Resources Inc. now owns 24,735 shares of the semiconductor company’s stock valued at $189,000 after purchasing an additional 6,793 shares during the last quarter. Institutional investors own 5.05% of the company’s stock.

United Microelectronics Stock Performance

UMC opened at $22.64 on Thursday. The stock has a market cap of $56.99 billion, a PE ratio of 21.16, a P/E/G ratio of 0.51 and a beta of 1.59. The company has a current ratio of 2.17, a quick ratio of 1.81 and a debt-to-equity ratio of 0.10. United Microelectronics Corporation has a 1 year low of $6.72 and a 1 year high of $28.96. The stock’s 50 day simple moving average is $20.62 and its 200-day simple moving average is $16.98.

United Microelectronics (NYSE:UMC) last issued 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 firm had revenue of $2.16 billion during the quarter. Sell-side analysts forecast that United Microelectronics Corporation will post 1.23 EPS for the current year.

United Microelectronics Increases Dividend

The firm also recently disclosed an annual dividend, which was paid on Thursday, August 6th. Stockholders of record on Wednesday, July 8th were issued 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 payout ratio is 28.97%.

Analyst Upgrades and Downgrades

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

United Microelectronics Profile

United Microelectronics Corporation (NYSE: UMC) is a Taiwan-based semiconductor foundry that manufactures integrated circuits for customers that design and market their own chips. The company provides wafer fabrication services rather than selling semiconductor products under its own consumer brand.

UMC supports a broad range of applications, including communications, automotive systems, industrial equipment, consumer electronics and computing. Its manufacturing portfolio includes logic and mixed-signal technologies, radio-frequency processes, embedded high-voltage solutions, display-driver chips, image sensors and other specialty semiconductor technologies.