Fisher Asset Management LLC Sells 511,345 Shares of United Microelectronics Co. (NYSE:UMC)

Fisher Asset Management LLC trimmed its position in United Microelectronics Co. (NYSE:UMC) by 7.2% during the fourth quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor owned 6,575,552 shares of the semiconductor company’s stock after selling 511,345 shares during the period. Fisher Asset Management LLC owned approximately 0.26% of United Microelectronics worth $55,629,000 at the end of the most recent quarter.

A number of other institutional investors also recently modified their holdings of the company. Schechter Investment Advisors LLC lifted its holdings in shares of United Microelectronics by 5.8% in the fourth quarter. Schechter Investment Advisors LLC now owns 26,501 shares of the semiconductor company’s stock valued at $224,000 after purchasing an additional 1,452 shares in the last quarter. PNC Financial Services Group Inc. raised its holdings in United Microelectronics by 2.3% during the third quarter. PNC Financial Services Group Inc. now owns 73,303 shares of the semiconductor company’s stock worth $518,000 after acquiring an additional 1,671 shares in the last quarter. Sequoia Financial Advisors LLC raised its holdings in United Microelectronics by 2.3% during the fourth quarter. Sequoia Financial Advisors LLC now owns 100,839 shares of the semiconductor company’s stock worth $853,000 after acquiring an additional 2,246 shares in the last quarter. Drive Wealth Management LLC raised its holdings in United Microelectronics by 18.2% during the fourth quarter. Drive Wealth Management LLC now owns 16,770 shares of the semiconductor company’s stock worth $142,000 after acquiring an additional 2,580 shares in the last quarter. Finally, Janiczek Wealth Management LLC raised its holdings in United Microelectronics by 6.4% during the fourth quarter. Janiczek Wealth Management LLC now owns 57,633 shares of the semiconductor company’s stock worth $488,000 after acquiring an additional 3,460 shares in the last quarter. 5.05% of the stock is currently owned by institutional investors.

Analyst Upgrades and Downgrades

Several analysts recently issued reports on the company. Citigroup upgraded United Microelectronics from a “neutral” rating to a “buy” rating in a report on Wednesday, April 24th. StockNews.com raised United Microelectronics from a “hold” rating to a “buy” rating in a research report on Tuesday, June 11th.

United Microelectronics Price Performance

Shares of NYSE UMC opened at $8.73 on Monday. The business’s 50 day moving average is $8.17 and its 200-day moving average is $8.05. The firm has a market cap of $21.88 billion, a P/E ratio of 12.47, a price-to-earnings-growth ratio of 2.88 and a beta of 1.20. United Microelectronics Co. has a 1-year low of $6.71 and a 1-year high of $8.97. The company has a current ratio of 2.32, a quick ratio of 1.93 and a debt-to-equity ratio of 0.11.

United Microelectronics (NYSE:UMC) last released its quarterly earnings results on Wednesday, April 24th. The semiconductor company reported $0.13 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.14 by ($0.01). The firm had revenue of $1.71 billion during the quarter, compared to the consensus estimate of $1.72 billion. United Microelectronics had a net margin of 24.79% and a return on equity of 15.60%. Equities research analysts predict that United Microelectronics Co. will post 0.63 earnings per share for the current year.

United Microelectronics Cuts Dividend

The business also recently announced an annual dividend, which will be paid on Wednesday, July 31st. Stockholders of record on Tuesday, July 2nd will be given a dividend of $0.356 per share. The ex-dividend date is Tuesday, July 2nd. This represents a dividend yield of 4.07%. United Microelectronics’s payout ratio is 62.86%.

About United Microelectronics

United Microelectronics Corporation operates as a semiconductor wafer foundry in Taiwan, Singapore, China, Hong Kong, Japan, the United States, Europe, and internationally. The company provides circuit design, mask tooling, wafer fabrication, and assembly and testing services. It serves fabless design companies and integrated device manufacturers.