Wedbush Forecasts Lower Earnings for United Microelectronics

United Microelectronics Co. (NYSE:UMC) – Research analysts at Wedbush cut their Q1 2025 earnings estimates for shares of United Microelectronics in a note issued to investors on Tuesday, January 21st. Wedbush analyst M. Bryson now anticipates that the semiconductor company will earn $0.10 per share for the quarter, down from their prior estimate of $0.12. The consensus estimate for United Microelectronics’ current full-year earnings is $0.63 per share. Wedbush also issued estimates for United Microelectronics’ Q2 2025 earnings at $0.10 EPS, Q3 2025 earnings at $0.12 EPS, Q4 2025 earnings at $0.13 EPS, Q1 2026 earnings at $0.14 EPS, Q2 2026 earnings at $0.16 EPS, Q3 2026 earnings at $0.18 EPS and Q4 2026 earnings at $0.21 EPS.

UMC has been the topic of several other research reports. StockNews.com cut shares of United Microelectronics from a “buy” rating to a “hold” rating in a research note on Sunday, November 17th. The Goldman Sachs Group lowered shares of United Microelectronics from a “buy” rating to a “neutral” rating and set a $7.40 price target on the stock. in a research report on Thursday, October 17th. Morgan Stanley downgraded United Microelectronics from an “overweight” rating to an “equal weight” rating in a research report on Monday, October 28th. Citigroup cut United Microelectronics from a “buy” rating to a “sell” rating in a report on Tuesday. Finally, JPMorgan Chase & Co. lowered United Microelectronics from an “overweight” rating to a “neutral” rating in a research report on Wednesday, October 30th. One investment analyst has rated the stock with a sell rating and five have given a hold rating to the stock. According to MarketBeat, United Microelectronics presently has an average rating of “Hold” and a consensus price target of $7.40.

United Microelectronics Price Performance

Shares of United Microelectronics stock opened at $5.73 on Wednesday. United Microelectronics has a 52 week low of $5.70 and a 52 week high of $9.00. The company has a current ratio of 2.19, a quick ratio of 1.76 and a debt-to-equity ratio of 0.16. The stock has a market cap of $14.35 billion, a PE ratio of 8.81, a price-to-earnings-growth ratio of 3.06 and a beta of 1.17. The company’s 50-day moving average price is $6.59 and its two-hundred day moving average price is $7.59.

United Microelectronics (NYSE:UMC) last posted its quarterly earnings data on Tuesday, January 21st. The semiconductor company reported $0.10 EPS for the quarter, missing analysts’ consensus estimates of $0.13 by ($0.03). United Microelectronics had a return on equity of 14.35% and a net margin of 22.89%. The firm had revenue of $1.84 billion during the quarter, compared to the consensus estimate of $1.86 billion. During the same period in the prior year, the firm posted $5.30 EPS. The firm’s quarterly revenue was up 4.9% on a year-over-year basis.

Institutional Trading of United Microelectronics

Hedge funds have recently modified their holdings of the business. Victory Capital Management Inc. grew its holdings in shares of United Microelectronics by 96.0% during the third quarter. Victory Capital Management Inc. now owns 149,457 shares of the semiconductor company’s stock valued at $1,258,000 after buying an additional 73,202 shares in the last quarter. JPMorgan Chase & Co. grew its stake in United Microelectronics by 7.1% during the 3rd quarter. JPMorgan Chase & Co. now owns 806,000 shares of the semiconductor company’s stock valued at $6,787,000 after acquiring an additional 53,264 shares in the last quarter. Two Sigma Advisers LP increased its holdings in shares of United Microelectronics by 314.1% in the 3rd quarter. Two Sigma Advisers LP now owns 1,279,600 shares of the semiconductor company’s stock valued at $10,774,000 after purchasing an additional 970,600 shares during the period. Verition Fund Management LLC acquired a new position in shares of United Microelectronics in the 3rd quarter valued at about $1,099,000. Finally, MML Investors Services LLC purchased a new stake in shares of United Microelectronics in the third quarter worth approximately $86,000. Hedge funds and other 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.