Wedbush Issues Positive Forecast for UMC Earnings

Key Points

• Wedbush has raised its Q3 2026 earnings per share estimate for United Microelectronics from $0.13 to $0.14, maintaining a "Neutral" rating on the stock.
• The company recently increased its annual dividend to $0.3661 per share, reflecting a dividend yield of 4.6%.
• United Microelectronics currently holds a consensus rating of "Hold" among analysts, with one strong buy, four hold, and one sell ratings.

United Microelectronics Corporation (NYSE:UMC - Free Report) - Equities researchers at Wedbush lifted their Q3 2026 earnings per share estimates for shares of United Microelectronics in a research report issued to clients and investors on Wednesday, July 30th. Wedbush analyst M. Bryson now anticipates that the semiconductor company will post earnings of $0.14 per share for the quarter, up from their prior estimate of $0.13. Wedbush has a "Neutral" rating on the stock. The consensus estimate for United Microelectronics' current full-year earnings is $0.51 per share.

Separately, The Goldman Sachs Group reiterated 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. Based on data from MarketBeat.com, the stock has a consensus rating of "Hold" and an average target price of $7.40.

United Microelectronics Stock Down 0.1%

UMC traded down $0.01 during midday trading on Thursday, reaching $6.81. 1,977,185 shares of the company were exchanged, compared to its average volume of 11,892,259. United Microelectronics has a one year low of $5.61 and a one year high of $8.95. The company's fifty day moving average price is $7.66 and its 200 day moving average price is $7.03. The company has a market cap of $17.10 billion, a price-to-earnings ratio of 13.89, a price-to-earnings-growth ratio of 4.09 and a beta of 1.01. The company has a debt-to-equity ratio of 0.12, a quick ratio of 1.46 and a current ratio of 1.77.

United Microelectronics (NYSE:UMC - Get Free Report) last issued its quarterly earnings data on Wednesday, July 30th. The semiconductor company reported $0.12 EPS for the quarter, missing analysts' consensus estimates of $0.14 by ($0.02). The company had revenue of $1.98 billion for the quarter, compared to the consensus estimate of $61.88 billion. United Microelectronics had a return on equity of 11.05% and a net margin of 16.71%. During the same period in the prior year, the firm posted $0.17 earnings per share.

United Microelectronics Increases Dividend

The company also recently disclosed an annual dividend, which was paid on Wednesday, July 23rd. Investors of record on Tuesday, June 24th were paid a $0.3661 dividend. The ex-dividend date was Tuesday, June 24th. This is a positive change from United Microelectronics's previous annual dividend of $0.36. This represents a yield of 460.0%. United Microelectronics's dividend payout ratio (DPR) is currently 75.51%.

Institutional Investors Weigh In On United Microelectronics

A number of hedge funds and other institutional investors have recently bought and sold shares of the business. Simon Quick Advisors LLC raised its holdings in United Microelectronics by 51.2% during the 2nd quarter. Simon Quick Advisors LLC now owns 22,710 shares of the semiconductor company's stock valued at $174,000 after acquiring an additional 7,687 shares during the period. Hantz Financial Services Inc. raised its holdings in United Microelectronics by 2,160.9% during the 2nd quarter. Hantz Financial Services Inc. now owns 21,456 shares of the semiconductor company's stock valued at $164,000 after acquiring an additional 20,507 shares during the period. May Hill Capital LLC bought a new stake in United Microelectronics during the 2nd quarter valued at $95,000. Y Intercept Hong Kong Ltd raised its holdings in United Microelectronics by 84.4% during the 2nd quarter. Y Intercept Hong Kong Ltd now owns 970,407 shares of the semiconductor company's stock valued at $7,424,000 after acquiring an additional 444,106 shares during the period. Finally, Resonant Capital Advisors LLC bought a new position in shares of United Microelectronics in the second quarter worth $119,000. Institutional investors 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.