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United Microelectronics Stock Price, News & Analysis (NYSE:UMC)

$7.86
-0.08 (-1.01%)
(As of 12/4/2023 ET)
Compare
Today's Range
$7.77
$7.92
50-Day Range
$6.88
$7.96
52-Week Range
$6.48
$8.97
Volume
6.50 million shs
Average Volume
6.58 million shs
Market Capitalization
$19.64 billion
P/E Ratio
9.03
Dividend Yield
5.60%
Price Target
$8.33

United Microelectronics MarketRank™ Stock Analysis

Analyst Rating
Hold
2.40 Rating Score
Upside/​Downside
6.0% Upside
$8.33 Price Target
Short Interest
Bearish
2.63% of Shares Sold Short
Dividend Strength
Strong
Based on Four Factors
Sustainability
N/A
News Sentiment
1.35mentions of United Microelectronics in the last 14 days
Based on 5 Articles This Week
Insider Trading
N/A
Proj. Earnings Growth
-6.67%
From $0.75 to $0.70 Per Share

Overall MarketRank

MarketRank is calculated as an average of available category scores, with extra weight given to analysis and valuation.

1.61 out of 5 stars

Computer And Technology Sector

500th out of 592 stocks

Semiconductors & Related Devices Industry

74th out of 83 stocks


UMC stock logo

About United Microelectronics Stock (NYSE:UMC)

United Microelectronics Corporation is a prominent semiconductor foundry specializing in designing and manufacturing integrated circuits for customers worldwide. The company is headquartered in Hsinchu City, Taiwan, and has additional locations in Singapore, Japan, and the United States. UMC is a leading player in the industry, offering a range of advanced process technology manufacturing services for various applications, including consumer electronics, automotive, communication, and industrial.

UMC's management team is led by President Jason Wang, who has been with the company since 1988 and has over 30 years of experience in the semiconductor industry. Wang has been instrumental in driving the company's growth and success, overseeing the development of new technologies and the expansion of its manufacturing capabilities. Under his leadership, UMC has become one of the world's top semiconductor foundries, delivering high-quality and innovative solutions to its customers.

Financially, UMC has been performing well in recent years, with steady growth in revenue and profit margins. The company's debt levels have remained relatively stable, with a low total debt-to-equity ratio compared to industry peers indicating a healthy balance sheet.

UMC has a market capitalization of approximately $24.5 billion. UMC's price-to-earnings ratio is lower than the industry average. The company's price-to-book ratio is also lower than the industry average. UMC has been performing well in the stock market, with its stock price increasing over the past few years.

UMC operates in the highly competitive semiconductor industry, where the demand for chips is rapidly growing, driven by the increasing adoption of advanced technologies in various applications. However, the sector faces supply chain disruptions, geopolitical tensions, and regulatory changes. In response, UMC has been expanding its manufacturing capabilities and investing in new technology to stay competitive. The company has also been developing strategic partnerships and collaborations to leverage its strengths and expand its market share.

UMC's growth opportunities lie in new product launches, acquisitions, and expansions into new markets. The company has invested in new technology, such as developing 5G chips. It has expanded its manufacturing capabilities to meet the growing demand for chips in various applications. UMC has also been actively seeking acquisition opportunities to expand its market share and diversify its product offerings. In addition, the company has been exploring new markets, such as the automotive industry, where there is a growing demand for advanced semiconductors.

However, UMC also faces potential risks and challenges, such as changes in consumer preferences, geopolitical tensions, and regulatory changes. The company is also subject to cyclical changes in the semiconductor industry, with fluctuations in demand and pricing. In response, UMC has been implementing risk management strategies to mitigate these risks and ensure the long-term sustainability of the business.

UMC's competitive landscape includes other significant players in the semiconductor industry, such as TSMC, Samsung, and Intel. These companies compete with UMC for market share, and the industry is characterized by intense competition, rapid technological advancements, and changing consumer preferences. In response, UMC has invested heavily in research and development to stay ahead of the curve and maintain its competitive edge.

The semiconductor industry has faced supply chain disruptions and shortages of key raw materials, such as silicon and packaging materials. These disruptions have caused a ripple effect throughout the industry, impacting the production and delivery of chips to customers. UMC has been proactively managing its supply chain to mitigate these disruptions, but the company remains vulnerable to changes in the global supply chain.

Regarding regulatory risks, the semiconductor industry is subject to various regulations and policies, both domestically and internationally. These regulations can impact the production and distribution of chips, and compliance can be costly and time-consuming. UMC has closely monitored regulatory developments and ensured compliance with applicable laws and regulations.

UMC Stock Price History

UMC Stock News Headlines

3 Semiconductor Stocks Surging for Year-End Triumphs in December (UMC)
The semiconductor industry is primed for growth, driven by amplifying demand for chip applications across diverse sectors and significant government investments. Therefore, it seems wise to consider investing in semiconductor...
Trading Experts Call It “The Perfect Tesla Trade”
Thanks to a new discovery linked to shares of Tesla, regular folks can now target gains of 100% or more in six days or less. New research shows it’s happened 23 different times this year. The next trade is scheduled for this Thursday.
12 Tech Stocks with Low PE Ratios
United Microelectronics Corp ADR
UMC Reports Sales for October 2023
Trading Experts Call It “The Perfect Tesla Trade”
Thanks to a new discovery linked to shares of Tesla, regular folks can now target gains of 100% or more in six days or less. New research shows it’s happened 23 different times this year. The next trade is scheduled for this Thursday.
3 Cheap International Stocks to Buy
UMC Reports Third Quarter 2023 Results
UMC Q3 Results Down, Sees Sequentially Lower Wafer Shipments In Q4
United Microelectronics September Revenues Down 24.45%
UMC Reports Sales for September 2023
5 High-Yield Stocks In Sarah Ketterer's Portfolio
See More Headlines
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Company Calendar

Last Earnings
10/25/2023
Today
12/04/2023
Fiscal Year End
12/31/2023
Next Earnings (Estimated)
1/15/2024

Industry, Sector and Symbol

Industry
Semiconductors & related devices
Sub-Industry
N/A
Employees
20,680
Year Founded
1980

Price Target and Rating

Average Stock Price Target
$8.33
High Stock Price Target
$10.20
Low Stock Price Target
$6.46
Potential Upside/Downside
+6.9%
Consensus Rating
Hold
Rating Score (0-4)
2.40
Research Coverage
5 Analysts

Profitability

Net Income
$2.91 billion
Pretax Margin
34.49%

Debt

Sales & Book Value

Annual Sales
$9.08 billion
Cash Flow
$1.63 per share
Book Value
$4.20 per share

Miscellaneous

Outstanding Shares
2,500,950,000
Free Float
2,300,874,000
Market Cap
$19.48 billion
Optionable
Optionable
Beta
1.16

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Key Executives

  • Mr. Jia Cong Hung (Age 63)
    Chairman & Chief Strategy Officer
  • Mr. Jason S. Wang (Age 60)
    Co-President & Representative Director
  • Mr. Shan-Chieh Chien (Age 65)
    Co-President & Representative Director
  • Mr. Chi-Tung Liu (Age 57)
    CFO, Senior VP, Head of Corporate Governance & Company Secretary
  • Dr. Lucas S. Chang Ph.D. (Age 68)
    Senior VP & General Counsel
  • Mr. Eric Chen
    VP & Chief Human Resources Officer
  • Mr. Ming Hsu
    Executive Vice President
  • Mr. Oliver Chang
    Senior Vice President
  • TS Wu
    VP & Chief Information Security Officer
  • Vic Yen
    Chief Internal Auditor & Division Director

Should I Buy United Microelectronics Stock? UMC Pros and Cons Explained

These insights were generated using artificial intelligence. They are based on proprietary MarketBeat data, news articles, and custom LLM A.I. algorithms. This analysis of United Microelectronics was last updated on Tuesday, November 28, 2023 at 10:27 PM.

Pros

Here are some ways that investors could benefit from investing in United Microelectronics Co.:

  • Strong presence in the semiconductor wafer foundry industry, operating in multiple countries including Taiwan, Singapore, China, Hong Kong, Japan, the United States, and Europe.
  • Provides a range of services including circuit design, mask tooling, wafer fabrication, and assembly and testing, catering to fabless design companies and integrated device manufacturers.
  • Experienced company with a history dating back to 1980, indicating stability and longevity in the industry.
  • Continued growth potential in the semiconductors and related devices industry, which is a crucial component of various technological advancements.
  • Recent developments and updates in the company's operations and financial performance, providing investors with insights into its current standing and potential future prospects.

Cons

Investors should be bearish about investing in United Microelectronics Co. for these reasons:

  • Volatility in the semiconductor industry, which can be influenced by factors such as global economic conditions, supply chain disruptions, and technological advancements.
  • Competition from other semiconductor wafer foundries, both domestically and internationally, which may impact market share and pricing power.
  • Dependency on fabless design companies and integrated device manufacturers for business, making the company susceptible to changes in their demand and preferences.
  • Regulatory and geopolitical risks, particularly in international markets where United Microelectronics Co. operates, which can impact operations and profitability.
  • Fluctuations in the stock price of United Microelectronics Co., influenced by market conditions, investor sentiment, and company-specific factors.














UMC Stock Analysis - Frequently Asked Questions

Should I buy or sell United Microelectronics stock right now?

5 Wall Street equities research analysts have issued "buy," "hold," and "sell" ratings for United Microelectronics in the last twelve months. There are currently 1 sell rating, 1 hold rating and 3 buy ratings for the stock. The consensus among Wall Street equities research analysts is that investors should "hold" UMC shares. A hold rating indicates that analysts believe investors should maintain any existing positions they have in UMC, but not buy additional shares or sell existing shares.
View UMC analyst ratings
or view top-rated stocks.

What is United Microelectronics' stock price target for 2024?

5 brokers have issued 12-month price objectives for United Microelectronics' shares. Their UMC share price targets range from $6.46 to $10.20. On average, they predict the company's stock price to reach $8.33 in the next twelve months. This suggests a possible upside of 6.0% from the stock's current price.
View analysts price targets for UMC
or view top-rated stocks among Wall Street analysts.

How have UMC shares performed in 2023?

United Microelectronics' stock was trading at $6.53 at the beginning of 2023. Since then, UMC stock has increased by 20.3% and is now trading at $7.8550.
View the best growth stocks for 2023 here
.

When is United Microelectronics' next earnings date?

The company is scheduled to release its next quarterly earnings announcement on Monday, January 15th 2024.
View our UMC earnings forecast
.

How were United Microelectronics' earnings last quarter?

United Microelectronics Co. (NYSE:UMC) issued its quarterly earnings results on Wednesday, October, 25th. The semiconductor company reported $0.20 EPS for the quarter, topping the consensus estimate of $0.16 by $0.04. The semiconductor company earned $1.77 billion during the quarter, compared to the consensus estimate of $1.77 billion. United Microelectronics had a net margin of 28.41% and a trailing twelve-month return on equity of 19.58%.

How often does United Microelectronics pay dividends? What is the dividend yield for United Microelectronics?

United Microelectronics announced an annual dividend on Wednesday, June 7th. Investors of record on Tuesday, June 27th will be given a dividend of $0.453 per share on Wednesday, July 26th. This represents a yield of 5.36%. The ex-dividend date of this dividend is Monday, June 26th. This is a positive change from the stock's previous annual dividend of $0.29.
Read our dividend analysis for UMC
.

Is United Microelectronics a good dividend stock?

United Microelectronics (NYSE:UMC) pays an annual dividend of $0.44 per share and currently has a dividend yield of 5.60%. UMC has a dividend yield higher than 75% of all dividend-paying stocks, making it a leading dividend payer. The dividend payout ratio is 50.57%. This payout ratio is at a healthy, sustainable level, below 75%. Based on earnings estimates, UMC will have a dividend payout ratio of 62.86% next year. This indicates that the company will be able to sustain or increase its dividend.
Read our dividend analysis for UMC.

What ETFs hold United Microelectronics' stock?
What is Shan-Chieh Chien and Jason Wang's approval rating as United Microelectronics' CEO?

17 employees have rated United Microelectronics Chief Executive Officer Shan-Chieh Chien and Jason Wang on Glassdoor.com. Shan-Chieh Chien and Jason Wang has an approval rating of 64% among the company's employees.

What other stocks do shareholders of United Microelectronics own?

Based on aggregate information from My MarketBeat watchlists, some companies that other United Microelectronics investors own include Advanced Micro Devices (AMD), Intel (INTC), QUALCOMM (QCOM), Cisco Systems (CSCO), NVIDIA (NVDA), OPKO Health (OPK), Pfizer (PFE), Taiwan Semiconductor Manufacturing (TSM), Himax Technologies (HIMX) and Skyworks Solutions (SWKS).

Who are United Microelectronics' major shareholders?

United Microelectronics' stock is owned by a number of institutional and retail investors. Top institutional shareholders include Morgan Stanley (0.33%), UBS Group AG (0.30%), Rafferty Asset Management LLC (0.16%), Citigroup Inc. (0.07%), Barclays PLC (0.07%) and Connor Clark & Lunn Investment Management Ltd. (0.05%).

How do I buy shares of United Microelectronics?

Shares of UMC stock can be purchased through any online brokerage account. Popular online brokerages with access to the U.S. stock market include WeBull, Vanguard Brokerage Services, TD Ameritrade, E*TRADE, Robinhood, Fidelity, and Charles Schwab.
Compare Top Brokerages Here.

Does United Microelectronics have any subsidiaries?
The following companies are subsidiares of United Microelectronics: Best Elite International Limited, ECP Vita Pte Ltd, Everrich (Shandong) Energy Co Ltd, Everrich Energy Investment (HK) Limited, Fortune Venture Capital Corp, Green Earth Limited, HeJian Technology (Suzhou) Co Ltd, Infoshine Technology Limited, MIE FUJITSU SEMICONDUCTOR LIMITED, NexPower Technology Corp, Oakwood Associates Limited, Omni Global Limited, Sino Paragon Limited, Soaring Capital Corp, TLC Capital Co Ltd, Tera Energy Development Co Ltd, UMC Capital (USA), UMC Capital Corp, UMC Group (USA), UMC Group Japan, UMC Investment (Samoa) Limited, UMC Korea Co Ltd, UMC Technology Japan Co Ltd, United Microchip Corporation, United Microelectronics (Europe) BV, United Microtechnology Corporation (California), United Microtechnology Corporation (New York), United Semiconductor (Xiamen) Co Ltd, United Semiconductor Japan Co Ltd, UnitedDS Semiconductor (Shandong) Co Ltd, Unitruth Advisor (Shanghai) Co Ltd, Wavetck Microelectronics Corporation, Wavetck Microelectronics Corporation (USA), and Wavetck Microelectronics Investment (Samoa) Limited.
Read More
This page (NYSE:UMC) was last updated on 12/4/2023 by MarketBeat.com Staff

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