Wedbush Equities Analysts Raise Earnings Estimates for UMC

United Microelectronics Co. (NYSE:UMC) – Stock analysts at Wedbush lifted their FY2024 earnings estimates for United Microelectronics in a research report issued on Wednesday, October 30th. Wedbush analyst M. Bryson now forecasts that the semiconductor company will post earnings of $0.79 per share for the year, up from their prior estimate of $0.62. The consensus estimate for United Microelectronics’ current full-year earnings is $0.72 per share. Wedbush also issued estimates for United Microelectronics’ Q3 2025 earnings at $0.26 EPS.

UMC has been the subject of several other reports. Morgan Stanley lowered United Microelectronics from an “overweight” rating to an “equal weight” rating in a report on Monday, October 28th. JPMorgan Chase & Co. downgraded United Microelectronics from an “overweight” rating to a “neutral” rating in a research note on Wednesday, October 30th. The Goldman Sachs Group cut United Microelectronics from a “buy” rating to a “neutral” rating and set a $7.40 price target for the company. in a research note on Thursday, October 17th. Finally, StockNews.com downgraded United Microelectronics from a “buy” rating to a “hold” rating in a report on Friday, November 1st. Five equities research analysts have rated the stock with a hold rating and one has given a buy rating to the stock. According to data from MarketBeat.com, United Microelectronics has an average rating of “Hold” and an average target price of $7.40.

United Microelectronics Trading Down 1.6 %

Shares of NYSE:UMC opened at $6.96 on Monday. The firm has a fifty day moving average of $8.14 and a two-hundred day moving average of $8.26. The company has a quick ratio of 1.37, a current ratio of 1.66 and a debt-to-equity ratio of 0.13. United Microelectronics has a 12-month low of $6.78 and a 12-month high of $9.00. The firm has a market capitalization of $17.44 billion, a P/E ratio of 10.71, a price-to-earnings-growth ratio of 3.42 and a beta of 1.20.

Institutional Trading of United Microelectronics

Large investors have recently made changes to their positions in the stock. Sequoia Financial Advisors LLC lifted its holdings in United Microelectronics by 1.3% in the 2nd quarter. Sequoia Financial Advisors LLC now owns 102,206 shares of the semiconductor company’s stock worth $895,000 after purchasing an additional 1,333 shares during the last quarter. Ignite Planners LLC boosted its holdings in United Microelectronics by 1.5% in the 3rd quarter. Ignite Planners LLC now owns 90,303 shares of the semiconductor company’s stock valued at $760,000 after purchasing an additional 1,360 shares during the period. Inspire Advisors LLC grew its position in United Microelectronics by 9.1% in the 1st quarter. Inspire Advisors LLC now owns 19,351 shares of the semiconductor company’s stock worth $157,000 after purchasing an additional 1,609 shares during the last quarter. Commonwealth Equity Services LLC grew its position in United Microelectronics by 2.5% in the 2nd quarter. Commonwealth Equity Services LLC now owns 71,459 shares of the semiconductor company’s stock worth $626,000 after purchasing an additional 1,756 shares during the last quarter. Finally, Hennessy Advisors Inc. increased its holdings in shares of United Microelectronics by 13.3% during the 2nd quarter. Hennessy Advisors Inc. now owns 15,627 shares of the semiconductor company’s stock worth $137,000 after purchasing an additional 1,836 shares during the period. Institutional investors own 5.05% of the company’s stock.

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.