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United Microelectronics (UMC) Stock Forecast, Price & News

$6.87
-0.04 (-0.58%)
(As of 02:09 PM ET)
Compare
Today's Range
$6.84
$6.94
50-Day Range
$6.72
$7.85
52-Week Range
$5.36
$8.97
Volume
2.57 million shs
Average Volume
6.64 million shs
Market Capitalization
$17.18 billion
P/E Ratio
6.74
Dividend Yield
6.40%
Price Target
$6.46

United Microelectronics MarketRank™ Forecast

Analyst Rating
Hold
2.25 Rating Score
Upside/​Downside
5.8% Downside
$6.46 Price Target
Short Interest
Bearish
2.03% of Shares Sold Short
Dividend Strength
Strong
Based on Four Factors
Sustainability
N/A
News Sentiment
1.54mentions of United Microelectronics in the last 14 days
Based on 3 Articles This Week
Insider Trading
N/A
Proj. Earnings Growth
12.00%
From $0.75 to $0.84 Per Share

Overall MarketRank

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

1.86 out of 5 stars

Computer And Technology Sector

471st out of 584 stocks

Semiconductors & Related Devices Industry

74th out of 87 stocks


UMC stock logo

About United Microelectronics (NYSE:UMC) Stock

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 Price History

UMC Stock News Headlines

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UMC Reports Second Quarter 2023 Results
UMC Reports Sales for June 2023
UMC Reports Sales for May 2023
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United Microelectronics April Net Sales Down 19.02% YoY
See More Headlines
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UMC Company Calendar

Ex-Dividend for 7/26 Dividend
6/26/2023
Last Earnings
7/26/2023
Dividend Payable
7/26/2023
Today
9/27/2023
Next Earnings (Estimated)
10/25/2023
Fiscal Year End
12/31/2023

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 Forecast
$6.46
High Stock Price Forecast
$6.46
Low Stock Price Forecast
$6.46
Forecasted Upside/Downside
-5.8%
Consensus Rating
Hold
Rating Score (0-4)
2.25
Research Coverage
4 Analysts

Profitability

Net Income
$2.91 billion
Pretax Margin
37.75%

Debt

Sales & Book Value

Annual Sales
$9.08 billion
Cash Flow
$1.61 per share
Book Value
$4.20 per share

Miscellaneous

Outstanding Shares
2,500,950,000
Free Float
2,300,874,000
Market Cap
$17.16 billion
Optionable
Optionable
Beta
1.28

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Key Executives

  • Mr. Jia Cong Hung (Age 63)
    Chairman & Chief Strategy Officer
  • Mr. Jason S. Wang (Age 60)
    Co-Pres & Representative Director
  • Mr. Shan-Chieh Chien (Age 65)
    Co-Pres & Representative Director
  • Mr. Chi-Tung Liu (Age 57)
    CFO, Sr. VP, Head of Corp. Governance & Company Sec.
  • Dr. Lucas S. Chang Ph.D. (Age 68)
    Sr. VP & Gen. Counsel
  • Mr. Eric Chen
    VP & Chief HR Officer
  • Mr. Ming Hsu
    Exec. VP
  • Mr. Oliver Chang
    Sr. VP
  • TS Wu
    VP & Chief Information Security Officer
  • Vic Yen
    Chief Internal Auditor & Division Director













UMC Stock - Frequently Asked Questions

Should I buy or sell United Microelectronics stock right now?

4 Wall Street research analysts have issued "buy," "hold," and "sell" ratings for United Microelectronics in the last year. There are currently 1 sell rating, 1 hold rating and 2 buy ratings for the stock. The consensus among Wall Street 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 forecast for 2023?

4 equities research analysts have issued 12-month price objectives for United Microelectronics' stock. Their UMC share price forecasts range from $6.46 to $6.46. On average, they expect the company's stock price to reach $6.46 in the next twelve months. This suggests that the stock has a possible downside of 5.8%.
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 5.1% and is now trading at $6.86.
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 Wednesday, October 25th 2023.
View our UMC earnings forecast
.

How were United Microelectronics' earnings last quarter?

United Microelectronics Co. (NYSE:UMC) posted its quarterly earnings results on Wednesday, July, 26th. The semiconductor company reported $0.20 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.15 by $0.05. The semiconductor company had revenue of $1.81 billion for the quarter, compared to the consensus estimate of $1.77 billion. United Microelectronics had a net margin of 30.66% and a trailing twelve-month return on equity of 23.19%. During the same period last year, the business earned $0.29 earnings per share.

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

United Microelectronics declared an annual dividend on Wednesday, June 7th. Stockholders 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 an increase from the stock's previous annual dividend of $0.29.
Read our dividend analysis for UMC
.

What ETFs hold United Microelectronics' stock?
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 6.29%. UMC has a dividend yield higher than 75% of all dividend-paying stocks, making it a leading dividend payer. The dividend payout ratio is 43.14%. This payout ratio is at a healthy, sustainable level, below 75%. Based on earnings estimates, UMC will have a dividend payout ratio of 52.38% next year. This indicates that the company will be able to sustain or increase its dividend.
Read our dividend analysis for UMC.

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).

What is United Microelectronics' stock symbol?

United Microelectronics trades on the New York Stock Exchange (NYSE) under the ticker symbol "UMC."

Who are United Microelectronics' major shareholders?

United Microelectronics' stock is owned by a variety of institutional and retail investors. Top institutional investors include BlackRock Inc. (0.82%), Fisher Asset Management LLC (0.29%), Credit Suisse AG (0.27%), Renaissance Technologies LLC (0.18%), Goldman Sachs Group Inc. (0.16%) and State Street Corp (0.14%).

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.

What is United Microelectronics' stock price today?

One share of UMC stock can currently be purchased for approximately $6.86.

How much money does United Microelectronics make?

United Microelectronics (NYSE:UMC) has a market capitalization of $17.16 billion and generates $9.08 billion in revenue each year. The semiconductor company earns $2.91 billion in net income (profit) each year or $1.02 on an earnings per share basis.

How many employees does United Microelectronics have?

The company employs 20,680 workers across the globe.

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
How can I contact United Microelectronics?

United Microelectronics' mailing address is No. 3 Li-Hsin Road II Hsinchu Science Park, Hsinchu F5, . The official website for the company is www.umc.com. The semiconductor company can be reached via phone at (863) 578-2258, via email at ir@umc.com, or via fax at 886-3577-9392.

This page (NYSE:UMC) was last updated on 9/27/2023 by MarketBeat.com Staff

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