United Microelectronics Co. (NYSE:UMC) to Issue Dividend Increase

May 15, 2023

United Microelectronics Co. (NYSE:UMC - Get Rating) announced an annual dividend on Wednesday, June 7th, Zacks reports. Stockholders of record on Tuesday, June 27th will be given a dividend of 0.453 per share by the semiconductor company on Wednesday, July 26th. This represents a dividend yield of 5.36%. The ex-dividend date is Monday, June 26th. This is an increase from United Microelectronics's previous annual dividend of $0.29.

NYSE UMC opened at $8.45 on Friday. The stock's fifty day moving average is $8.21 and its two-hundred day moving average is $7.91. The firm has a market capitalization of $21.12 billion, a P/E ratio of 7.61, a price-to-earnings-growth ratio of 4.41 and a beta of 1.30. The company has a debt-to-equity ratio of 0.10, a quick ratio of 1.98 and a current ratio of 2.29. United Microelectronics has a fifty-two week low of $5.36 and a fifty-two week high of $8.98.

Several equities analysts have recently commented on UMC shares. StockNews.com lowered United Microelectronics from a "strong-buy" rating to a "buy" rating in a research note on Thursday. Citigroup upgraded United Microelectronics from a "neutral" rating to a "buy" rating in a research note on Tuesday, February 28th. Finally, HSBC downgraded United Microelectronics from a "hold" rating to a "reduce" rating and decreased their price target for the company from $6.80 to $6.46 in a research note on Thursday, April 27th. One analyst has rated the stock with a sell rating, two have assigned a hold rating and five have given a buy rating to the company. According to data from MarketBeat.com, United Microelectronics has an average rating of "Moderate Buy" and a consensus price target of $6.46.

Several institutional investors and hedge funds have recently added to or reduced their stakes in UMC. DZ BANK AG Deutsche Zentral Genossenschafts Bank Frankfurt am Main boosted its position in shares of United Microelectronics by 185.0% in the fourth quarter. DZ BANK AG Deutsche Zentral Genossenschafts Bank Frankfurt am Main now owns 4,275 shares of the semiconductor company's stock worth $28,000 after buying an additional 2,775 shares during the period. Quantbot Technologies LP acquired a new stake in United Microelectronics during the first quarter valued at approximately $36,000. BOKF NA acquired a new stake in United Microelectronics during the fourth quarter valued at approximately $68,000. AlphaQ Advisors LLC acquired a new stake in United Microelectronics during the fourth quarter valued at approximately $95,000. Finally, HighTower Advisors LLC acquired a new stake in United Microelectronics during the first quarter valued at approximately $97,000. 5.35% of the stock is currently owned by institutional investors and hedge funds.

United Microelectronics Corp. is engaged in the semiconductor foundry business, which offers complementary metal-oxide semiconductor logic wafers, mixed signal wafers, radio frequency complementary metal-oxide semiconductor wafers, embedded memory products, high voltage integrated circuits, and complementary metal-oxide semiconductor image sensors.

This instant news alert was generated by narrative science technology and financial data from MarketBeat in order to provide readers with the fastest and most accurate reporting. This story was reviewed by MarketBeat's editorial team prior to publication. Please send any questions or comments about this story to [email protected].

Before you consider United Microelectronics, you'll want to hear this.

MarketBeat keeps track of Wall Street's top-rated and best performing research analysts and the stocks they recommend to their clients on a daily basis. MarketBeat has identified the five stocks that top analysts are quietly whispering to their clients to buy now before the broader market catches on... and United Microelectronics wasn't on the list.

While United Microelectronics currently has a "Hold" rating among analysts, top-rated analysts believe these five stocks are better buys.

View The Five Stocks Here

Which stocks are major institutional investors including hedge funds and endowments buying in today's market? Click the link below and we'll send you MarketBeat's list of thirteen stocks that institutional investors are buying up as quickly as they can.

Sign up for MarketBeat All Access to gain access to MarketBeat's full suite of research tools:

View the latest news, buy/sell ratings, SEC filings and insider transactions for your stocks. Compare your portfolio performance to leading indices and get personalized stock ideas based on your portfolio.

Get daily stock ideas from top-performing Wall Street analysts. Get short term trading ideas from the MarketBeat Idea Engine. View which stocks are hot on social media with MarketBeat's trending stocks report.

Identify stocks that meet your criteria using seven unique stock screeners. See what's happening in the market right now with MarketBeat's real-time news feed. Export data to Excel for your own analysis.