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 Corporation (UMC) has initiated the W2W (wafer-to-wafer) 3D IC project in collaboration with partners Winbond, Faraday, ASE, and Cadence. The project aims to accelerate production of 3D products by integrating memory and processor with silicon stacking technology. The platform is expected to be ready in 2024 and targets edge AI applications.

Portfolio Pulse from Benzinga Newsdesk

October 31, 2023 | 7:21 am

Goldman Sachs analyst Bruce Lu maintains a Buy rating on United Microelectronics (NYSE:UMC) and raises the price target from $8.4 to $10.2.

Portfolio Pulse from Benzinga Newsdesk

October 26, 2023 | 2:08 pm

United Microelectronics (UMC) shares are trading lower following the release of their Q3 results.

Portfolio Pulse from Benzinga Newsdesk

October 25, 2023 | 5:06 pm

Marvell Tech (NASDAQ:MRVL) is set to issue a dividend payout of $0.06 per share, resulting in an annualized dividend yield of 0.43%. The company has maintained a stable dividend per share of $0.24 from 2019 to 2022. Marvell Tech's earnings per share have also increased from $0.74 to $2.16 during the same period, indicating the company's potential to enhance their cash dividend payout. The company's dividend yield is mid-range compared to its industry peers, with United Microelectronics (NYSE:UMC) having the highest annualized dividend yield at 7.88%.

Portfolio Pulse from Benzinga Insights

October 25, 2023 | 3:05 pm

United Microelectronics Corp (UMC) reported a Q3 FY23 revenue decline of 24.3% YoY to $1.77 billion, beating the consensus of $1.75 billion. The revenue increased by 1.4% Q/Q, driven by favorable foreign exchange and a better product mix. Earnings per ADS of $0.20 beat the consensus of $0.17. However, the gross margin declined by 1,140 basis points to 35.9% due to lower utilization and weak demand across significant end markets. UMC expects Q4 FY23 wafer shipments to decline 5% and ASP in USD to stay flat quarter-over-quarter. UMC shares are trading lower by 3.29% at $7.19.

Portfolio Pulse from Anusuya Lahiri

October 25, 2023 | 2:52 pm

United Microelectronics Corp (UMC) anticipates a 5% quarter-on-quarter decline in Q4 wafer shipments. The company also expects flat average selling price (ASP), gross margin in the low 30% range, and capacity utilization in the low 60% range. UMC has planned a capital expenditure of $3B for 2023.

Portfolio Pulse from Benzinga Newsdesk

October 25, 2023 | 9:08 am

United Microelectronics (NYSE:UMC) reported Q3 earnings of $0.20 per share, beating the analyst consensus estimate of $0.17 by 17.65%. However, this is a 42.03% decrease from the same period last year. The company also reported quarterly sales of $1.77 billion, beating the estimate of $1.75 billion by 1.14%, but this is a 25.63% decrease from the same period last year.

Portfolio Pulse from Benzinga Newsdesk

October 25, 2023 | 9:03 am

Benzinga Insights has identified five value stocks in the technology sector that may be worth watching: Avnet (NASDAQ:AVT), ClearOne (NASDAQ:CLRO), Sonim Technologies (NASDAQ:SONM), Immersion (NASDAQ:IMMR), and United Microelectronics (NYSE:UMC). These companies have low P/E multiples, indicating potential undervaluation. However, the risk with value stocks is that they may not rebound from their undervalued position.

Portfolio Pulse from Benzinga Insights

October 17, 2023 | 2:41 pm

The article provides an overview of value stocks in the technology sector, highlighting five companies: ScanSource (SCSC), Consensus Cloud Solutions (CCSI), Surgepays (SURG), United Microelectronics (UMC), and Daqo New Energy (DQ). The companies are considered undervalued based on their low P/E multiples. The article also provides recent earnings per share data and dividend yield for UMC.

Portfolio Pulse from Benzinga Insights

October 10, 2023 | 2:41 pm

United Microelectronics (UMC) reported a year-on-year sales decline of 24.45% for September 2023. The company's revenues for the period from January to September also decreased by 20.53% compared to the same period in 2022.

Portfolio Pulse from Benzinga Newsdesk

October 06, 2023 | 6:57 am

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