United Microelectronics Co. (NYSE:UMC) – Equities research analysts at Wedbush lifted their FY2021 EPS estimates for shares of United Microelectronics in a research report issued to clients and investors on Tuesday, September 7th. Wedbush analyst M. Bryson now forecasts that the semiconductor company will post earnings per share of $0.74 for the year, up from their prior estimate of $0.72. Wedbush has a “Outperform” rating on the stock. Wedbush also issued estimates for United Microelectronics’ Q1 2022 earnings at $0.22 EPS, Q2 2022 earnings at $0.24 EPS, Q3 2022 earnings at $0.24 EPS, Q4 2022 earnings at $0.23 EPS and FY2022 earnings at $0.95 EPS. United Microelectronics (NYSE:UMC) last posted its quarterly earnings results on Tuesday, July 27th. The semiconductor company reported $0.18 earnings per share for the quarter, beating the Zacks’ consensus estimate of $0.14 by $0.04. United Microelectronics had a return on equity of 18.21% and a net margin of 22.71%.
Other analysts also recently issued research reports about the company. Credit Suisse Group raised United Microelectronics from a “neutral” rating to an “outperform” rating in a research note on Wednesday, July 28th. Sanford C. Bernstein downgraded United Microelectronics from a “market perform” rating to an “underperform” rating and dropped their price target for the company from $8.40 to $7.30 in a research note on Monday, June 7th. Zacks Investment Research downgraded United Microelectronics from a “buy” rating to a “hold” rating in a research note on Friday, August 27th. JPMorgan Chase & Co. raised United Microelectronics from a “neutral” rating to an “overweight” rating in a research note on Wednesday, July 28th. Finally, The Goldman Sachs Group raised United Microelectronics from a “buy” rating to a “conviction-buy” rating in a research note on Wednesday, July 28th. One research analyst has rated the stock with a sell rating, one has given a hold rating, six have given a buy rating and one has given a strong buy rating to the stock. According to MarketBeat.com, the stock has a consensus rating of “Buy” and a consensus target price of $9.65.
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Shares of United Microelectronics stock opened at $12.25 on Wednesday. The company has a market capitalization of $30.38 billion, a PE ratio of 19.76, a PEG ratio of 0.82 and a beta of 1.06. United Microelectronics has a 12 month low of $3.68 and a 12 month high of $12.61. The company has a current ratio of 2.44, a quick ratio of 2.18 and a debt-to-equity ratio of 0.21. The stock’s fifty day simple moving average is $10.35 and its 200 day simple moving average is $9.62.
Hedge funds and other institutional investors have recently made changes to their positions in the company. CWM Advisors LLC grew its holdings in United Microelectronics by 130.6% during the first quarter. CWM Advisors LLC now owns 63,767 shares of the semiconductor company’s stock worth $581,000 after purchasing an additional 36,117 shares during the period. SG Americas Securities LLC bought a new position in United Microelectronics during the first quarter worth about $317,000. Advisors Asset Management Inc. bought a new position in United Microelectronics during the first quarter worth about $140,000. Russell Investments Group Ltd. grew its holdings in United Microelectronics by 18.5% during the first quarter. Russell Investments Group Ltd. now owns 1,473,125 shares of the semiconductor company’s stock worth $13,183,000 after purchasing an additional 229,939 shares during the period. Finally, Allianz Asset Management GmbH grew its holdings in United Microelectronics by 14.8% during the first quarter. Allianz Asset Management GmbH now owns 243,061 shares of the semiconductor company’s stock worth $2,214,000 after purchasing an additional 31,321 shares during the period. Institutional investors own 3.13% of the company’s stock.
The business also recently disclosed an annual dividend, which was paid on Friday, August 20th. Stockholders of record on Thursday, July 22nd were issued a $0.2854 dividend. This is a boost from United Microelectronics’s previous annual dividend of $0.14. The ex-dividend date of this dividend was Wednesday, July 21st. This represents a dividend yield of 2.3%. United Microelectronics’s dividend payout ratio (DPR) is presently 52.38%.
United Microelectronics Company Profile
United Microelectronics Corp. engages in the semiconductor foundry business. It offers complementary metal-oxide semiconductor logic wafers, mixed signal wafers, radio frequency complementary metal-oxide semiconductor wafers, embedded memory products, high voltage integrated circuits, and complementary metal-oxide semiconductor image sensors.
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