What is Wedbush's Estimate for UMC FY2025 Earnings?

United Microelectronics Co. (NYSE:UMC - Free Report) - Stock analysts at Wedbush raised their FY2025 earnings per share (EPS) estimates for United Microelectronics in a research note issued to investors on Thursday, June 5th. Wedbush analyst M. Bryson now anticipates that the semiconductor company will post earnings of $0.50 per share for the year, up from their prior estimate of $0.49. Wedbush currently has a "Neutral" rating on the stock. The consensus estimate for United Microelectronics' current full-year earnings is $0.51 per share.

UMC has been the topic of a number of other research reports. Citigroup raised United Microelectronics from a "strong sell" rating to a "strong-buy" rating in a research note on Friday, March 21st. The Goldman Sachs Group reissued a "sell" rating on shares of United Microelectronics in a research note on Friday, May 23rd. One 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.com, United Microelectronics currently has an average rating of "Hold" and a consensus target price of $7.40.

United Microelectronics Trading Up 1.5%

Shares of UMC traded up $0.12 during mid-day trading on Friday, reaching $7.75. 12,152,124 shares of the company's stock traded hands, compared to its average volume of 12,712,652. The stock has a market cap of $19.46 billion, a P/E ratio of 13.35, a P/E/G ratio of 4.44 and a beta of 1.14. The stock's 50-day moving average is $7.22 and its two-hundred day moving average is $6.73. United Microelectronics has a 12 month low of $5.61 and a 12 month high of $9.00. The company has a debt-to-equity ratio of 0.16, a current ratio of 2.19 and a quick ratio of 1.76.

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

Institutional Trading of United Microelectronics

A number of hedge funds have recently bought and sold shares of UMC. Golden State Wealth Management LLC purchased a new stake in United Microelectronics during the first quarter worth $29,000. Farther Finance Advisors LLC lifted its holdings 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 valued at $35,000 after purchasing an additional 2,859 shares during the last quarter. Savant Capital LLC purchased a new stake in shares of United Microelectronics during the 4th quarter valued at $66,000. Verdence Capital Advisors LLC purchased a new stake in shares of United Microelectronics during the 4th quarter valued at $69,000. Finally, Callan Family Office LLC purchased a new stake in shares of United Microelectronics during the 4th quarter valued at $70,000. Hedge funds and other institutional investors own 5.05% of the company's stock.

United Microelectronics Increases Dividend

The business also recently announced an annual dividend, which will be paid on Wednesday, July 23rd. Shareholders of record on Tuesday, June 24th will be issued a dividend of $0.3661 per share. The ex-dividend date of this dividend is Tuesday, June 24th. This represents a yield of 4.6%. This is a positive change from United Microelectronics's previous annual dividend of $0.36. United Microelectronics's dividend payout ratio is currently 64.81%.

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.