Wedbush Equities Analysts Cut Earnings Estimates for UMC

United Microelectronics Co. (NYSE:UMC - Free Report) - Wedbush lowered their FY2026 earnings per share (EPS) estimates for United Microelectronics in a research note issued on Wednesday, April 23rd. Wedbush analyst M. Bryson now anticipates that the semiconductor company will earn $0.45 per share for the year, down from their prior forecast of $0.69. Wedbush has a "Neutral" rating on the stock. The consensus estimate for United Microelectronics' current full-year earnings is $0.51 per share.

Separately, Citigroup upgraded United Microelectronics from a "strong sell" rating to a "strong-buy" rating in a research note on Friday, March 21st. Five investment analysts have rated the stock with a hold rating and one has given a strong buy rating to the stock. According to MarketBeat, United Microelectronics currently has a consensus rating of "Hold" and a consensus price target of $7.40.

United Microelectronics Stock Up 0.3 %

Shares of UMC stock traded up $0.02 during trading hours on Friday, reaching $6.94. 4,217,372 shares of the company's stock were exchanged, compared to its average volume of 12,448,345. United Microelectronics has a 1 year low of $5.61 and a 1 year high of $9.00. The stock has a market cap of $17.39 billion, a PE ratio of 11.97, a PEG ratio of 4.44 and a beta of 1.12. The company has a current ratio of 2.19, a quick ratio of 1.76 and a debt-to-equity ratio of 0.16. The stock's fifty day moving average price is $6.68 and its two-hundred day moving average price is $6.66.

United Microelectronics (NYSE:UMC - Get Free Report) last posted its quarterly earnings data 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 business had revenue of $1.78 billion during 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 revenue for the quarter was up 1.9% compared to the same quarter last year. During the same period in the previous year, the business earned $0.13 EPS.

Institutional Investors Weigh In On United Microelectronics

A number of institutional investors and hedge funds have recently modified their holdings of the company. Infini Capital Management Ltd acquired a new stake in shares of United Microelectronics during the first quarter worth about $92,000. Crossmark Global Holdings Inc. lifted its holdings in shares of United Microelectronics by 8.2% during the first quarter. Crossmark Global Holdings Inc. now owns 1,257,877 shares of the semiconductor company's stock worth $8,994,000 after purchasing an additional 94,858 shares during the period. Envestnet Asset Management Inc. lifted its holdings in shares of United Microelectronics by 13.4% during the first quarter. Envestnet Asset Management Inc. now owns 94,094 shares of the semiconductor company's stock worth $673,000 after purchasing an additional 11,122 shares during the period. BSW Wealth Partners lifted its holdings in shares of United Microelectronics by 181.0% during the first quarter. BSW Wealth Partners now owns 36,716 shares of the semiconductor company's stock worth $263,000 after purchasing an additional 23,648 shares during the period. Finally, PDS Planning Inc lifted its holdings in shares of United Microelectronics by 18.2% during the first quarter. PDS Planning Inc now owns 68,371 shares of the semiconductor company's stock worth $489,000 after purchasing an additional 10,543 shares during the period. Institutional investors and hedge funds own 5.05% of the company's stock.

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.