It seems obvious that, while the future growth outlook is brighter than the recent past, United Microelectronics is expected to grow slower than the wider industry.With these upgrades, we’re not surprised to see that the analysts have lifted their price target 37% to NT$22.27per share. Michael Lin - Head of Investor Relations.
This implies to us that there is a fairly broad range of possible scenarios for the underlying business.Taking into account the latest results, the current consensus from United Microelectronics’ 17 analysts is for revenues of NT$174.4b in 2020, which would reflect an okay 4.9% increase on its sales over the past 12 months. Intel Corporation (INTC) is -6.23% down on the 1-year trading charts. 5G communications - offering high speed, enormous bandwidth, IoT capability, low latency for many new applications. UNITED STATES. This dedication to giving investors a trading advantage led to the creation of our proven Zacks Rank stock-rating system. The stock SMA50 is now at 35.64 percent. The company has generated returns on investments over the last 12 months (1.80%).The company’s main competitors (and peers) include Tower Semiconductor Ltd. (TSEM) that is 13.33% higher over the past 12 months. There are some variant perceptions on United Microelectronics, with the most bullish analyst valuing it at NT$28.00 and the most bearish at NT$12.10 per share.
Note the wide gap in analyst price targets? Fixating on a single price target can be unwise though, since the consensus target is effectively the average of analyst price targets. UMC earlier this month reported that revenue in June increased 24.6% to 14.6 billion New Taiwan dollars, bringing second-quarter revenue to NT$44.4 billion. Micron (MU) saw its stock price plummet over 3.5% Tuesday after RBC Capital Markets lowered its price target for the memory-chip maker. United Microelectronics Corporation institutional ownership is standing at 5.4 percent, while insider ownership is 0 percent. ZacksTrade does not endorse or adopt any particular investment strategy, any analyst opinion/rating/report or any approach to evaluating indiv idual securities.As an alternative to using this form, you can send us your name and zacks account email with your request to privacy@zacks.com.Mobile demand drove the semiconductor equipment segment in 2014 and there appears to be a pause this year (other than in memory where spending will likely continue).Micron (MU) saw its stock price plummet over 3.5% Tuesday after RBC Capital Markets lowered its price target for the memory-chip maker. All information is required.China's chip consumption is the largest in the world (and growing), with most chips coming from international players.Researching stocks has never been so easy or insightful as with the ZER Analyst and Snapshot reports.An industry with a larger percentage of Zacks Rank #1's and #2's will have a better average Zacks Rank than one with a larger percentage of Zacks Rank #4's and #5's.The scores are based on the trading styles of Value, Growth, and Momentum. See rankings and related performance below.We need the following information so we can identify you in our systems. Distance from 52-week low is 85.93% and -9.76% from its 52-week high. So it seems there’s been a definite increase in optimism about United Microelectronics’ future following the latest results, with a considerable lift to the earnings per share forecasts in particular. United Microelectronics Corporation (NYSE:UMC) Q2 2020 Earnings Conference Call July 29, 2020 5:00 AM ET. REPORT OF FOREIGN ISSUER. PURSUANT TO RULE 13a-16 OR 15d-16. Institutions hold 5.42% of the Float.United Microelectronics Corporation (UMC) has around 19929 employees, a market worth around $8.76B and $5.37B in sales. The monthly returns are then compounded to arrive at the annual return.