Stock Track | United Microelectronics Plunges 5.10% in Night Session Following Earnings Miss and Analyst Downgrades

Stock Track01-29

United Microelectronics (UMC) shares experienced a significant decline of 5.10% during night session trading on Wednesday. The semiconductor foundry's stock faced selling pressure amid negative market sentiment.

The plunge followed the company's fourth-quarter earnings report, which showed earnings per share slightly below analyst estimates. Despite revenue exceeding expectations, the earnings miss prompted investor concerns. Additionally, UMC received downgrades from two major financial institutions during the trading day, with BNP Paribas lowering its rating to Underperform and JPMorgan downgrading the stock to Underweight.

These developments created a negative outlook for the stock among some market participants, contributing to the downward price movement. The company's forward guidance indicated a steady but cautious start to 2026, with flat wafer shipments and average selling prices expected for the first quarter.

Disclaimer: Investing carries risk. This is not financial advice. The above content should not be regarded as an offer, recommendation, or solicitation on acquiring or disposing of any financial products, any associated discussions, comments, or posts by author or other users should not be considered as such either. It is solely for general information purpose only, which does not consider your own investment objectives, financial situations or needs. TTM assumes no responsibility or warranty for the accuracy and completeness of the information, investors should do their own research and may seek professional advice before investing.

Comments

We need your insight to fill this gap
Leave a comment