Wedbush Issues Negative Forecast for UMC Earnings

United Microelectronics Co. (NYSE:UMC - Free Report) - Analysts at Wedbush decreased their Q4 2026 earnings per share estimates for shares of United Microelectronics in a report issued on Thursday, March 6th. Wedbush analyst M. Bryson now expects that the semiconductor company will post earnings of $0.20 per share for the quarter, down from their prior forecast of $0.21. The consensus estimate for United Microelectronics' current full-year earnings is $0.51 per share.

United Microelectronics (NYSE:UMC - Get Free Report) last released its quarterly earnings data on Tuesday, January 21st. The semiconductor company reported $0.10 EPS for the quarter, missing the consensus estimate of $0.13 by ($0.03). The business had revenue of $1.84 billion for the quarter, compared to the consensus estimate of $1.86 billion. United Microelectronics had a net margin of 20.35% and a return on equity of 12.78%. United Microelectronics's revenue for the quarter was up 4.9% compared to the same quarter last year. During the same quarter last year, the business earned $5.30 EPS.

Several other equities research analysts also recently weighed in on the company. StockNews.com downgraded United Microelectronics from a "buy" rating to a "hold" rating in a report on Sunday, November 17th. Citigroup lowered shares of United Microelectronics from a "buy" rating to a "sell" rating in a research note on Tuesday, January 21st. One analyst has rated the stock with a sell rating and four have given a hold rating to the stock. Based on data from MarketBeat, United Microelectronics has an average rating of "Hold" and a consensus price target of $7.40.

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United Microelectronics Trading Down 1.4 %

Shares of UMC traded down $0.10 during midday trading on Friday, hitting $6.69. The stock had a trading volume of 24,142,605 shares, compared to its average volume of 11,397,331. The company has a debt-to-equity ratio of 0.16, a current ratio of 2.19 and a quick ratio of 1.76. The firm has a market cap of $16.75 billion, a PE ratio of 11.53, a price-to-earnings-growth ratio of 4.44 and a beta of 1.20. United Microelectronics has a 1 year low of $5.61 and a 1 year high of $9.00. The stock's 50 day moving average is $6.27 and its 200 day moving average is $7.11.

Institutional Investors Weigh In On United Microelectronics

A number of hedge funds have recently made changes to their positions in the stock. Assetmark Inc. purchased a new position in shares of United Microelectronics in the 3rd quarter worth approximately $37,000. Savant Capital LLC purchased a new position in United Microelectronics in the fourth quarter worth $66,000. Verdence Capital Advisors LLC purchased a new stake in shares of United Microelectronics during the 4th quarter valued at $69,000. Callan Family Office LLC acquired a new stake in shares of United Microelectronics in the 4th quarter worth $70,000. Finally, SBI Securities Co. Ltd. purchased a new stake in United Microelectronics in the fourth quarter valued at about $73,000. 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.