Research Analysts Set Expectations for UMC FY2025 Earnings

United Microelectronics Co. (NYSE:UMC - Free Report) - Investment analysts at Wedbush upped their FY2025 earnings estimates for United Microelectronics in a research report issued to clients and investors on Thursday, June 5th. Wedbush analyst M. Bryson now forecasts that the semiconductor company will earn $0.50 per share for the year, up from their previous forecast of $0.49. Wedbush has a "Neutral" rating on the stock. The consensus estimate for United Microelectronics' current full-year earnings is $0.51 per share.

A number of other brokerages have also recently issued reports on UMC. Citigroup upgraded shares of United Microelectronics from a "strong sell" rating to a "strong-buy" rating in a report on Friday, March 21st. The Goldman Sachs Group reaffirmed a "sell" rating on shares of United Microelectronics in a research report on Friday, May 23rd. One investment analyst has rated the stock with a sell rating, four have issued a hold rating and one has given a strong buy rating to the company's stock. According to data from MarketBeat, the company presently has an average rating of "Hold" and a consensus price target of $7.40.

United Microelectronics Price Performance

Shares of UMC opened at $7.52 on Friday. The stock has a market cap of $18.90 billion, a P/E ratio of 12.97, a P/E/G ratio of 4.44 and a beta of 1.15. The business's fifty day moving average is $7.21 and its 200 day moving average is $6.72. The company has a quick ratio of 1.76, a current ratio of 2.19 and a debt-to-equity ratio of 0.16. United Microelectronics has a 12-month low of $5.61 and a 12-month high of $9.00.

United Microelectronics (NYSE:UMC - Get Free Report) last posted its quarterly earnings results on Wednesday, April 23rd. The semiconductor company reported $0.09 earnings per share for the quarter, missing analysts' consensus estimates of $0.10 by ($0.01). The firm had revenue of $1.78 billion for the quarter, compared to analyst estimates of $57.63 billion. United Microelectronics had a return on equity of 12.78% and a net margin of 20.35%. The firm's quarterly revenue was up 1.9% compared to the same quarter last year. During the same period last year, the company posted $0.13 earnings per share.

Institutional Inflows and Outflows

Hedge funds and other institutional investors have recently added to or reduced their stakes in the company. Mercer Global Advisors Inc. ADV boosted its stake in shares of United Microelectronics by 4.7% in the 4th quarter. Mercer Global Advisors Inc. ADV now owns 35,848 shares of the semiconductor company's stock worth $233,000 after buying an additional 1,599 shares during the last quarter. Freedom Investment Management Inc. boosted its position in United Microelectronics by 7.5% in the first quarter. Freedom Investment Management Inc. now owns 24,869 shares of the semiconductor company's stock worth $178,000 after purchasing an additional 1,730 shares during the last quarter. Sivia Capital Partners LLC boosted its position in United Microelectronics by 8.2% in the first quarter. Sivia Capital Partners LLC now owns 23,380 shares of the semiconductor company's stock worth $167,000 after purchasing an additional 1,773 shares during the last quarter. QRG Capital Management Inc. grew its stake in United Microelectronics by 3.1% in the 1st quarter. QRG Capital Management Inc. now owns 63,408 shares of the semiconductor company's stock valued at $453,000 after purchasing an additional 1,891 shares during the period. Finally, LPL Financial LLC increased its position in shares of United Microelectronics by 3.3% during the 4th quarter. LPL Financial LLC now owns 61,852 shares of the semiconductor company's stock valued at $401,000 after purchasing an additional 1,963 shares during the last quarter. 5.05% of the stock is currently owned by hedge funds and other institutional investors.

United Microelectronics Company Profile

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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