Wedbush Research Analysts Cut Earnings Estimates for UMC

United Microelectronics Co. (NYSE:UMC) – Research analysts at Wedbush lowered their FY2025 earnings per share (EPS) estimates for United Microelectronics in a note issued to investors on Tuesday, January 21st. Wedbush analyst M. Bryson now expects that the semiconductor company will post earnings per share of $0.45 for the year, down from their prior forecast of $0.69. The consensus estimate for United Microelectronics’ current full-year earnings is $0.51 per share. Wedbush also issued estimates for United Microelectronics’ FY2026 earnings at $0.69 EPS.

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

Other equities research analysts have also recently issued research reports about the company. StockNews.com cut United Microelectronics from a “buy” rating to a “hold” rating in a research note on Sunday, November 17th. The Goldman Sachs Group cut United Microelectronics from a “buy” rating to a “neutral” rating and set a $7.40 target price for the company. in a research note on Thursday, October 17th. JPMorgan Chase & Co. cut United Microelectronics from an “overweight” rating to a “neutral” rating in a research note on Wednesday, October 30th. Morgan Stanley cut United Microelectronics from an “overweight” rating to an “equal weight” rating in a research note on Monday, October 28th. Finally, Citigroup cut United Microelectronics from a “buy” rating to a “sell” rating in a research note on Tuesday. One analyst has rated the stock with a sell rating and five have issued a hold rating to the company. According to data from MarketBeat.com, the stock presently has a consensus rating of “Hold” and a consensus target price of $7.40.

United Microelectronics Trading Down 2.3 %

NYSE UMC opened at $5.71 on Thursday. The business has a 50 day simple moving average of $6.54 and a 200 day simple moving average of $7.56. United Microelectronics has a one year low of $5.67 and a one year high of $9.00. The stock has a market capitalization of $14.30 billion, a P/E ratio of 9.84, a P/E/G ratio of 3.88 and a beta of 1.17. The company has a debt-to-equity ratio of 0.16, a current ratio of 2.19 and a quick ratio of 1.76.

Institutional Investors Weigh In On United Microelectronics

Hedge funds have recently added to or reduced their stakes in the company. Assetmark Inc. purchased a new position in shares of United Microelectronics during the third quarter valued at approximately $37,000. GAMMA Investing LLC boosted its position in shares of United Microelectronics by 90.7% during the third quarter. GAMMA Investing LLC now owns 6,817 shares of the semiconductor company’s stock valued at $57,000 after buying an additional 3,242 shares during the last quarter. Viking Fund Management LLC purchased a new position in shares of United Microelectronics during the third quarter valued at approximately $84,000. MML Investors Services LLC purchased a new position in shares of United Microelectronics during the third quarter valued at approximately $86,000. Finally, Synovus Financial Corp purchased a new position in shares of United Microelectronics during the third quarter valued at approximately $89,000. 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.