Sivia Capital Partners LLC Has $318,000 Position in United Microelectronics Co. (NYSE:UMC)

Sivia Capital Partners LLC boosted its stake in United Microelectronics Co. (NYSE:UMC) by 19.5% in the second quarter, HoldingsChannel reports. The firm owned 36,354 shares of the semiconductor company’s stock after buying an additional 5,934 shares during the period. Sivia Capital Partners LLC’s holdings in United Microelectronics were worth $318,000 as of its most recent SEC filing.

Other large investors have also bought and sold shares of the company. SpiderRock Advisors LLC acquired a new stake in shares of United Microelectronics in the 1st quarter valued at about $86,000. Adero Partners LLC bought a new stake in shares of United Microelectronics during the fourth quarter valued at approximately $94,000. Leo Wealth LLC bought a new stake in shares of United Microelectronics during the fourth quarter valued at approximately $95,000. Aprio Wealth Management LLC bought a new position in shares of United Microelectronics in the 2nd quarter worth $95,000. Finally, Simon Quick Advisors LLC bought a new position in shares of United Microelectronics in the 2nd quarter worth $103,000. 5.05% of the stock is currently owned by institutional investors and hedge funds.

United Microelectronics Stock Down 2.1 %

UMC stock opened at $8.29 on Friday. The stock’s 50 day moving average is $8.32 and its 200-day moving average is $8.22. United Microelectronics Co. has a twelve month low of $6.81 and a twelve month high of $9.00. The firm has a market capitalization of $20.76 billion, a PE ratio of 11.84, a P/E/G ratio of 4.54 and a beta of 1.18. The company has a quick ratio of 1.37, a current ratio of 1.66 and a debt-to-equity ratio of 0.13.

United Microelectronics (NYSE:UMC) last posted its quarterly earnings data on Thursday, August 1st. The semiconductor company reported $0.17 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.14 by $0.03. The firm had revenue of $1.75 billion for the quarter, compared to the consensus estimate of $1.71 billion. United Microelectronics had a net margin of 23.90% and a return on equity of 14.80%. During the same period in the previous year, the firm earned $0.20 EPS. Sell-side analysts expect that United Microelectronics Co. will post 0.64 EPS for the current fiscal year.

United Microelectronics Cuts Dividend

The company also recently disclosed an annual dividend, which was paid on Wednesday, July 31st. Shareholders of record on Tuesday, July 2nd were given a $0.356 dividend. This represents a yield of 4.07%. The ex-dividend date was Tuesday, July 2nd. United Microelectronics’s payout ratio is 50.00%.

Analyst Upgrades and Downgrades

Several research analysts have weighed in on the stock. StockNews.com upgraded shares of United Microelectronics from a “hold” rating to a “buy” rating in a report on Tuesday, June 11th. The Goldman Sachs Group raised shares of United Microelectronics from a “neutral” rating to a “buy” rating in a research report on Thursday, August 1st.

United Microelectronics Profile

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.