Wedbush Has Bearish Estimate for UMC FY2026 Earnings

United Microelectronics Co. (NYSE:UMC - Free Report) - Stock analysts at Wedbush dropped their FY2026 earnings per share (EPS) estimates for shares of United Microelectronics in a research note issued on Wednesday, April 23rd. Wedbush analyst M. Bryson now expects that the semiconductor company will post earnings per share of $0.45 for the year, down from their previous forecast of $0.69. Wedbush currently 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 report on Friday, March 21st. Five analysts have rated the stock with a hold rating and one has issued a strong buy rating to the company's stock. According to data from MarketBeat.com, the company presently has a consensus rating of "Hold" and an average target price of $7.40.

United Microelectronics Stock Up 0.9 %

Shares of NYSE:UMC traded up $0.06 during midday trading on Friday, reaching $6.94. The company had a trading volume of 8,030,156 shares, compared to its average volume of 12,459,196. The company has a quick ratio of 1.76, a current ratio of 2.19 and a debt-to-equity ratio of 0.16. The business's 50 day moving average price is $6.66 and its 200 day moving average price is $6.67. The stock has a market cap of $17.39 billion, a PE ratio of 11.97, a P/E/G ratio of 4.44 and a beta of 1.12. United Microelectronics has a 1-year low of $5.61 and a 1-year high of $9.00.

United Microelectronics (NYSE:UMC - Get Free Report) last released its earnings results 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). The company had revenue of $1.78 billion during the quarter, compared to analyst estimates of $57.63 billion. United Microelectronics had a net margin of 20.35% and a return on equity of 12.78%. United Microelectronics's revenue was up 1.9% compared to the same quarter last year. During the same period in the prior year, the firm posted $0.13 EPS.

Institutional Investors Weigh In On United Microelectronics

Institutional investors have recently made changes to their positions in the company. MML Investors Services LLC bought a new stake in shares of United Microelectronics in the third quarter valued at approximately $86,000. Barclays PLC boosted its stake in shares of United Microelectronics by 8.1% in the third quarter. Barclays PLC now owns 3,205,930 shares of the semiconductor company's stock valued at $26,995,000 after buying an additional 240,380 shares during the period. Tidal Investments LLC boosted its stake in shares of United Microelectronics by 110.6% in the third quarter. Tidal Investments LLC now owns 115,287 shares of the semiconductor company's stock valued at $971,000 after buying an additional 60,533 shares during the period. Synovus Financial Corp bought a new stake in shares of United Microelectronics in the third quarter valued at approximately $89,000. Finally, DGS Capital Management LLC boosted its stake in shares of United Microelectronics by 2.7% in the third quarter. DGS Capital Management LLC now owns 104,271 shares of the semiconductor company's stock valued at $878,000 after buying an additional 2,712 shares during the period. 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.