Callan Family Office LLC Acquires 43,950 Shares of United Microelectronics Corporation $UMC

Key Points

• Callan Family Office LLC significantly increased its stake in United Microelectronics Corporation by 406.8% , acquiring an additional 43,950 shares, bringing its total holdings to 54,754 shares worth $419,000.
• Wall Street analysts maintain a cautious outlook on United Microelectronics, with a consensus average rating of "Hold" and a price target of $7.40, reflecting varied analyst assessments including one "Strong Buy" and one "Sell" rating.
• United Microelectronics reported earnings of $0.12 per share in its last quarter, falling short of estimates, while analysts forecast an EPS of 0.51 for the current fiscal year.

Callan Family Office LLC increased its holdings in shares of United Microelectronics Corporation (NYSE:UMC - Free Report) by 406.8% in the second quarter, according to the company in its most recent filing with the SEC. The institutional investor owned 54,754 shares of the semiconductor company's stock after purchasing an additional 43,950 shares during the quarter. Callan Family Office LLC's holdings in United Microelectronics were worth $419,000 as of its most recent filing with the SEC.

Other large investors have also bought and sold shares of the company. Golden State Wealth Management LLC bought a new stake in United Microelectronics during the 1st quarter worth approximately $29,000. Farther Finance Advisors LLC grew its stake in shares of United Microelectronics by 134.8% during the 1st quarter. Farther Finance Advisors LLC now owns 4,980 shares of the semiconductor company's stock worth $35,000 after acquiring an additional 2,859 shares in the last quarter. Valeo Financial Advisors LLC bought a new position in shares of United Microelectronics during the 2nd quarter worth approximately $82,000. Choreo LLC bought a new position in shares of United Microelectronics during the 1st quarter worth approximately $80,000. Finally, Viking Fund Management LLC bought a new position in shares of United Microelectronics during the 2nd quarter worth approximately $92,000. 5.05% of the stock is owned by institutional investors.

Wall Street Analysts Forecast Growth

Separately, Weiss Ratings reaffirmed a "hold (c-)" rating on shares of United Microelectronics in a research note on Wednesday, October 8th. One investment analyst has rated the stock with a Strong Buy rating, four have assigned a Hold rating and one has assigned a Sell rating to the company's stock. According to MarketBeat, the stock has an average rating of "Hold" and an average price target of $7.40.

United Microelectronics Trading Up 0.3%

NYSE UMC opened at $7.43 on Thursday. The company has a market cap of $18.65 billion, a PE ratio of 15.15, a PEG ratio of 4.44 and a beta of 1.24. The company has a current ratio of 1.77, a quick ratio of 1.46 and a debt-to-equity ratio of 0.12. United Microelectronics Corporation has a 12 month low of $5.61 and a 12 month high of $8.33. The stock has a 50 day moving average of $7.02 and a 200-day moving average of $7.26.

United Microelectronics (NYSE:UMC - Get Free Report) last announced its quarterly earnings results on Wednesday, July 30th. The semiconductor company reported $0.12 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.14 by ($0.02). United Microelectronics had a net margin of 16.71% and a return on equity of 11.05%. The business had revenue of $1.98 billion for the quarter, compared to analyst estimates of $61.88 billion. During the same period in the prior year, the business earned $0.17 EPS. On average, equities research analysts anticipate that United Microelectronics Corporation will post 0.51 EPS for the current fiscal 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.

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