Callan Family Office LLC Takes Position in United Microelectronics Co. (NYSE:UMC)

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

A number of other institutional investors have also recently modified their holdings of UMC. Assetmark Inc. bought a new stake in shares of United Microelectronics during the 3rd quarter valued at $37,000. Verus Capital Partners LLC bought a new stake in shares of United Microelectronics during the 3rd quarter worth $497,000. Victory Capital Management Inc. lifted its position in shares of United Microelectronics by 96.0% during the 3rd quarter. Victory Capital Management Inc. now owns 149,457 shares of the semiconductor company’s stock worth $1,258,000 after buying an additional 73,202 shares during the last quarter. Parametrica Management Ltd bought a new stake in shares of United Microelectronics during the 3rd quarter worth $169,000. Finally, Natixis Advisors LLC lifted its position in shares of United Microelectronics by 12.8% during the 3rd quarter. Natixis Advisors LLC now owns 181,884 shares of the semiconductor company’s stock worth $1,531,000 after buying an additional 20,656 shares during the last quarter. 5.05% of the stock is currently owned by institutional investors.

Wall Street Analyst Weigh In

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

United Microelectronics Trading Down 1.4 %

Shares of UMC stock opened at $6.69 on Wednesday. The stock has a market cap of $16.75 billion, a price-to-earnings ratio of 11.53, a PEG ratio of 4.44 and a beta of 1.20. The stock has a 50-day moving average of $6.27 and a 200-day moving average of $7.09. The company has a current ratio of 2.19, a quick ratio of 1.76 and a debt-to-equity ratio of 0.16. United Microelectronics Co. has a 1-year low of $5.61 and a 1-year high of $9.00.

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