United Microelectronics Corporation (NYSE:UMC) Stock Has Consensus Target Price of $36.79

United Microelectronics Corporation (NYSE:UMC) has been given a consensus recommendation of “Reduce” by the eight ratings firms that are presently covering the stock, MarketBeat Ratings reports. Three investment analysts have rated the stock with a sell rating, three have assigned a hold rating and two have issued a buy rating on the company. The average 1 year price objective among brokerages that have covered the stock in the last year is $36.79.

A number of analysts have issued reports on the company. HSBC raised United Microelectronics from a “hold” rating to a “buy” rating and decreased their target price for the stock from $37.42 to $33.76 in a research report on Thursday, July 30th. Arete Research raised United Microelectronics from a “neutral” rating to a “buy” rating in a research report on Monday, August 10th. Wall Street Zen upgraded United Microelectronics from a “hold” rating to a “buy” rating in a research note on Saturday, July 25th. Zacks Research lowered United Microelectronics from a “strong-buy” rating to a “hold” rating in a report on Friday, September 25th. Finally, Weiss Ratings lowered United Microelectronics from a “buy (b-)” rating to a “hold (c+)” rating in a report on Friday, October 23rd.

United Microelectronics Trading Down 4.2%

NYSE:UMC opened at $18.02 on Friday. The company has a current ratio of 2.17, a quick ratio of 1.81 and a debt-to-equity ratio of 0.10. The stock has a market capitalization of $45.38 billion, a PE ratio of 17.43, a price-to-earnings-growth ratio of 0.44 and a beta of 1.60. The firm’s 50 day moving average is $21.66 and its 200 day moving average is $16.97. United Microelectronics has a 12 month low of $6.97 and a 12 month high of $28.96.

United Microelectronics (NYSE:UMC) last posted its quarterly earnings data on Wednesday, October 28th. The semiconductor company reported $0.21 EPS for the quarter, missing the consensus estimate of $0.23 by ($0.02). United Microelectronics had a net margin of 31.96% and a return on equity of 20.86%. The firm had revenue of $2.33 billion during the quarter, compared to analysts’ expectations of $2.33 billion. Sell-side analysts expect that United Microelectronics will post 1.23 earnings per share for the current year.

Hedge Funds Weigh In On United Microelectronics

A number of institutional investors and hedge funds have recently added to or reduced their stakes in UMC. Matthews International Capital Management LLC purchased a new position in United Microelectronics in the 1st quarter valued at approximately $8,779,000. Nykredit A S purchased a new stake in shares of United Microelectronics during the second quarter worth $9,525,000. Dimensional Fund Advisors LP lifted its position in shares of United Microelectronics by 13.2% during the first quarter. Dimensional Fund Advisors LP now owns 2,849,737 shares of the semiconductor company’s stock worth $25,591,000 after acquiring an additional 333,011 shares in the last quarter. Delta Global Management LP purchased a new stake in shares of United Microelectronics during the first quarter worth $1,435,000. Finally, Mirae Asset Global Investments Co. Ltd. bought a new position in shares of United Microelectronics in the third quarter worth $3,757,000. Institutional investors own 5.05% of the company’s stock.

United Microelectronics News Summary

Here are the key news stories impacting United Microelectronics this week:

• Positive Sentiment: Third-quarter revenue rose 8.0% sequentially to NT$74.24 billion and 25.6% year over year. Gross margin reached 34.0%, reflecting firm demand and improved profitability. UMC Reports Third Quarter 2026 Results
• Positive Sentiment: Management expects average selling prices to increase about 10% in 2027 and projects AI-related revenue could approach 25% of sales within three years. Those targets support the longer-term growth narrative and suggest UMC is gaining exposure to higher-value semiconductor applications. UMC targets 10% ASP growth in 2027
• Positive Sentiment: UMC approved an additional $3.2 billion investment in manufacturing capacity, aimed at supporting AI and other advanced-demand opportunities. The spending could strengthen future revenue capacity if utilization remains high. UMC invests in capacity expansion
• Neutral Sentiment: UMC and AP Memory are advancing silicon-capacitor technology for AI power delivery, potentially expanding UMC’s role in AI infrastructure beyond conventional foundry services. Commercial scale and financial impact remain uncertain. UMC and AP Memory advance silicon capacitors
• Negative Sentiment: Third-quarter earnings were $0.21 per ADS, below the $0.23 consensus estimate, although revenue matched expectations at approximately $2.33 billion. The earnings shortfall gives investors a near-term reason to take profits despite stronger shipments and year-over-year growth. UMC Q3 earnings miss estimates
• Negative Sentiment: The planned $3.2 billion expansion increases capital requirements and execution risk. Investors will want evidence that AI demand and higher pricing generate returns sufficient to offset the spending.

About United Microelectronics

United Microelectronics Corp. (NYSE:UMC) is a Taiwan-based semiconductor foundry that manufactures integrated circuits for other companies. As a pure-play foundry, UMC focuses on producing chips designed by customers rather than marketing its own branded semiconductor products.

The company provides wafer fabrication services across a range of process technologies, with particular expertise in specialty applications such as display driver ICs, automotive semiconductors, connectivity products, image sensors, power management components and embedded memory.