United Microelectronics (UMC) Moves 15.9% Higher: Will This Strength Last?
UMCUMC(US:UMC) ZACKS·2026-01-21 16:01

Group 1: United Microelectronics Corporation (UMC) - UMC shares increased by 15.9% to close at $10.78, supported by high trading volume, and have gained 14.4% over the past four weeks [1] - The company is experiencing increased demand for 22-nanometer technology, as well as growth in smartphone and notebook sales, contributing to a broad market recovery [1] - UMC is expected to report quarterly earnings of $0.12 per share, reflecting a year-over-year increase of 20%, with revenues projected at $1.88 billion, up 2.1% from the previous year [2] Group 2: Earnings Estimates and Stock Performance - The consensus EPS estimate for UMC has remained unchanged over the last 30 days, indicating that stock price movements may not sustain without trends in earnings estimate revisions [3] - UMC currently holds a Zacks Rank of 3 (Hold), suggesting a neutral outlook [3] - In comparison, Diodes (DIOD), another company in the same semiconductor industry, has a consensus EPS estimate of $0.26, which is a decrease of 3.7% from the previous year, and also holds a Zacks Rank of 3 (Hold) [4]