Wedbush Research Analysts Boost Earnings Estimates for UMC

United Microelectronics Co. (NYSE:UMC) – Research analysts at Wedbush raised their FY2025 earnings per share estimates for shares of United Microelectronics in a research note issued to investors on Thursday, June 5th. Wedbush analyst M. Bryson now anticipates that the semiconductor company will post earnings per share of $0.50 for the year, up from their previous estimate of $0.49. Wedbush has a “Neutral” rating on the stock. The consensus estimate for United Microelectronics’ current full-year earnings is $0.51 per share.

A number of other research analysts have also recently commented on UMC. The Goldman Sachs Group restated a “sell” rating on shares of United Microelectronics in a research report on Friday, May 23rd. Citigroup upgraded United Microelectronics from a “strong sell” rating to a “strong-buy” rating in a research note on Friday, March 21st. One research analyst has rated the stock with a sell rating, four have issued a hold rating and one has issued a strong buy rating to the company’s stock. Based on data from MarketBeat, United Microelectronics currently has a consensus rating of “Hold” and a consensus target price of $7.40.

United Microelectronics Stock Up 1.2%

Shares of NYSE UMC opened at $7.61 on Friday. The company has a debt-to-equity ratio of 0.16, a quick ratio of 1.76 and a current ratio of 2.19. United Microelectronics has a 52 week low of $5.61 and a 52 week high of $9.00. The stock has a market capitalization of $19.12 billion, a P/E ratio of 13.12, a PEG ratio of 4.44 and a beta of 1.15. The stock’s fifty day moving average is $7.22 and its 200 day moving average is $6.73.

United Microelectronics (NYSE:UMC) last issued its quarterly earnings results on Wednesday, April 23rd. The semiconductor company reported $0.09 EPS for the quarter, missing analysts’ consensus estimates of $0.10 by ($0.01). United Microelectronics had a return on equity of 12.78% and a net margin of 20.35%. The company had revenue of $1.78 billion during the quarter, compared to the consensus estimate of $57.63 billion. During the same quarter in the previous year, the business posted $0.13 EPS. The firm’s revenue for the quarter was up 1.9% on a year-over-year basis.

Hedge Funds Weigh In On United Microelectronics

Several hedge funds and other institutional investors have recently modified their holdings of the business. Goldman Sachs Group Inc. increased its stake in shares of United Microelectronics by 10.5% in the 1st quarter. Goldman Sachs Group Inc. now owns 5,655,721 shares of the semiconductor company’s stock valued at $40,438,000 after purchasing an additional 537,777 shares during the last quarter. Jones Financial Companies Lllp grew its position in United Microelectronics by 1,794.6% during the 1st quarter. Jones Financial Companies Lllp now owns 62,656 shares of the semiconductor company’s stock worth $448,000 after acquiring an additional 59,349 shares during the last quarter. AQR Capital Management LLC grew its position in United Microelectronics by 46.1% during the 1st quarter. AQR Capital Management LLC now owns 1,435,628 shares of the semiconductor company’s stock worth $10,265,000 after acquiring an additional 452,788 shares during the last quarter. Advisors Asset Management Inc. grew its position in United Microelectronics by 12.7% during the 1st quarter. Advisors Asset Management Inc. now owns 213,538 shares of the semiconductor company’s stock worth $1,527,000 after acquiring an additional 24,035 shares during the last quarter. Finally, Aprio Wealth Management LLC bought a new stake in United Microelectronics during the 1st quarter worth $166,000. Institutional investors own 5.05% of the company’s stock.

United Microelectronics Increases Dividend

The firm also recently declared an annual dividend, which will be paid on Wednesday, July 23rd. Stockholders of record on Tuesday, June 24th will be paid a $0.3661 dividend. This is a positive change from United Microelectronics’s previous annual dividend of $0.36. The ex-dividend date of this dividend is Tuesday, June 24th. This represents a dividend yield of 4.6%. United Microelectronics’s dividend payout ratio (DPR) is presently 64.81%.

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.