Callan Family Office LLC Invests $70,000 in United Microelectronics Co. (NYSE:UMC)

Callan Family Office LLC acquired a new position in shares of United Microelectronics Co. (NYSE:UMC) during the fourth quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The institutional investor acquired 10,804 shares of the semiconductor company’s stock, valued at approximately $70,000.

A number of other institutional investors and hedge funds also recently made changes to their positions in the stock. Assetmark Inc. acquired a new position in shares of United Microelectronics during the 3rd quarter worth approximately $37,000. Savant Capital LLC acquired a new position in shares of United Microelectronics during the 4th quarter worth approximately $66,000. Verdence Capital Advisors LLC acquired a new position in shares of United Microelectronics during the 4th quarter worth approximately $69,000. SBI Securities Co. Ltd. acquired a new position in shares of United Microelectronics during the 4th quarter worth approximately $73,000. Finally, MML Investors Services LLC acquired a new position in shares of United Microelectronics during the 3rd quarter worth approximately $86,000. Institutional investors own 5.05% of the company’s stock.

Analysts Set New Price Targets

A number of research analysts recently weighed in on the company. StockNews.com lowered United Microelectronics from a “buy” rating to a “hold” rating in a report on Sunday, November 17th. Citigroup lowered United Microelectronics from a “buy” rating to a “sell” rating in a report on Tuesday, January 21st. One equities research analyst has rated the stock with a sell rating and four have assigned a hold rating to the company. According to data from MarketBeat, the company presently has a consensus rating of “Hold” and an average price target of $7.40.

United Microelectronics Stock Performance

Shares of NYSE UMC opened at $6.69 on Wednesday. The company has a debt-to-equity ratio of 0.16, a current ratio of 2.19 and a quick ratio of 1.76. The stock’s fifty day moving average price is $6.27 and its two-hundred day moving average price is $7.09. United Microelectronics Co. has a one year low of $5.61 and a one year high of $9.00. The firm has a market cap of $16.75 billion, a price-to-earnings ratio of 11.53, a P/E/G ratio of 4.44 and a beta of 1.20.

United Microelectronics (NYSE:UMC) last issued its quarterly earnings data on Tuesday, January 21st. The semiconductor company reported $0.10 EPS for the quarter, missing analysts’ consensus estimates of $0.13 by ($0.03). United Microelectronics had a net margin of 20.35% and a return on equity of 12.78%. The firm had revenue of $1.84 billion during the quarter, compared to analyst estimates of $1.86 billion. During the same period in the prior year, the company earned $5.30 earnings per share. The business’s quarterly revenue was up 4.9% compared to the same quarter last year. On average, equities analysts forecast that United Microelectronics Co. will post 0.51 EPS for the current year.

About United Microelectronics

United Microelectronics Corporation operates as a semiconductor wafer foundry in Taiwan, China, Hong Kong, Japan, Korea, 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.