Streetbeat News

UMC

United Microelectronics Corporation

https://www.umc.com

Industry

Semiconductors

United Microelectronics Corporation operates as a semiconductor wafer foundry in Taiwan, Singapore, China, Hong Kong, Japan, the United States, Europe, and internationally. The company provides circuit design, mask tooling, wafer fabrication, and assembly and testing services. It serves fabless design companies and integrated device manufacturers. United Microelectronics Corporation was incorporated in 1980 and is headquartered in Hsinchu City, Taiwan.

Open

6.92

Mkt cap

17B

Volume

8.2M

High

6.99

P/E Ratio

11.08

52-wk high

9.00

Low

6.91

Div yield

0.00

52-wk low

6.78

United Microelectronics Corp (UMC) reported that revenue from 22/28nm technology nodes grew to 36% of wafer revenue, while the 40nm node contributed 14% of sales.

Portfolio Pulse from Benzinga Newsdesk

January 31, 2024 | 8:47 am

United Microelectronics Corp (UMC) forecasts a 2%-3% increase in Q1 wafer shipments year-over-year, with a 5% decline in average selling price (ASP) and a gross profit margin of around 30%. The company anticipates a low-60% capacity utilization and plans a CAPEX of $3.3 billion for 2024.

Portfolio Pulse from Benzinga Newsdesk

January 31, 2024 | 8:45 am

United Microelectronics (NYSE:UMC) exceeded analyst expectations for Q4 with an EPS of $0.17, surpassing the $0.15 estimate, and sales of $1.79B, beating the $1.70B estimate. However, these figures represent a decline from the previous year, with earnings down 31.08% and sales down 19.00%.

Portfolio Pulse from Benzinga Newsdesk

January 31, 2024 | 8:42 am

The article identifies five value stocks in the technology sector based on their low price-to-earnings (P/E) multiples, suggesting they may be undervalued. United Microelectronics (UMC), ClearOne (CLRO), Yalla Group (YALA), Avnet (AVT), and Tower Semiconductor (TSEM) are listed with their respective P/E ratios. The article also provides recent earnings per share (EPS) data and dividend yield information for these companies, noting changes from previous quarters.

Portfolio Pulse from Benzinga Insights

January 30, 2024 | 2:41 pm

United Microelectronics (NYSE:UMC) is expected to release its quarterly earnings report on January 31, 2024, with an estimated EPS of $0.15. Investors are looking for an earnings beat and positive guidance for future growth. Historically, UMC's stock price has shown mixed reactions to earnings reports, with slight fluctuations regardless of beats or misses. Over the past year, UMC shares have declined by 7.62%, indicating potential investor dissatisfaction ahead of the earnings release.

Portfolio Pulse from Benzinga Insights

January 30, 2024 | 2:01 pm

Goldman Sachs analyst Bruce Lu has downgraded United Microelectronics (UMC) from Buy to Neutral and set a price target of $8.9.

Portfolio Pulse from Benzinga Newsdesk

January 16, 2024 | 7:41 pm

Monolithic Power Systems (NASDAQ:MPWR) is set to pay a dividend of $1.00 per share on January 15, 2024, with an annualized yield of 0.63%. Shareholders as of December 28, 2023, will be eligible. The company has shown a positive trend in dividend growth from $2.00 in 2020 to $4.00 in 2023 and an increase in earnings per share from $4.76 in 2020 to $12.07 in 2023. This suggests a strong financial health and potential for future dividend increases. United Microelectronics (NYSE:UMC) has the highest annualized dividend yield in the industry at 7.22%.

Portfolio Pulse from Benzinga Insights

January 15, 2024 | 3:05 pm

United Microelectronics Corporation (NYSE:UMC) reported a significant sales decline, with December sales dropping 18.94% Y/Y and full-year sales down 20.15%. December revenues also fell 9.6% from November. Despite this, UMC is continuing with its W2W 3D IC project and maintains a 2023 capex of $3.0 billion. UMC shares closed higher by 1.12% to $8.130 on Thursday.

Portfolio Pulse from Nabaparna Bhattacharya

January 05, 2024 | 2:18 pm

United Microelectronics (UMC) reported an 18.94% year-over-year decline in sales for December 2023, with revenues falling from NT$20,946,009 thousand in December 2022 to NT$16,979,226 thousand in December 2023. The company also saw a 20.15% decrease in revenues from January to December 2023 compared to the same period in 2022.

Portfolio Pulse from Benzinga Newsdesk

January 05, 2024 | 8:03 am

Analog Devices (NASDAQ:ADI) will pay a dividend of $0.86 per share on December 14, 2023, with an annualized yield of 1.87%. Shareholders as of December 01, 2023, are eligible. The company has shown a consistent increase in dividends from $0.69 in 2021 to $0.86 in 2023 and a rise in earnings per share from $5.14 in 2019 to $9.59 in 2022, indicating financial health and potential for future dividend growth. United Microelectronics (NYSE:UMC) has the highest yield in the industry at 7.27%.

Portfolio Pulse from Benzinga Insights

December 14, 2023 | 3:05 pm

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