United Microelectronics: Performance Gets Better With Every Quarter [Seeking Alpha]
United Microelectronics Corporation (NEW) (UMC)
US:NYSE Investor Relations:
umc.com/english/investors/index.asp
Company Research
Source: Seeking Alpha
Follow Summary United Microelectronics Corporation's Q2 results show improved financials with a $1.75B revenue, a $0.17 GAAP EPS, and increased gross and operating margins, signaling a positive shift. The company's strong financial position, with $4B in cash and low debt, ensures stability and growth potential, even during market downturns. United Microelectronics' Q3 guidance predicts mid-single digit growth in wafer shipments and stable gross margins, with capacity utilization expected to rise to around 70%. Despite market volatility, United Microelectronics remains a strong buy at its current discounted price, with long-term growth expected as demand recovers in key sectors. Photomick Introduction United Microelectronics Corporation NYSE: UMC reported Q2 earnings relatively recently, so I wanted to revisit the company to see how it performed, where it is heading in the long term, and whether my strong buy position still stands. The last time I covered the company w
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UMC
News
- United Microelectronics Co. (NYSE: UMC) was downgraded by analysts at StockNews.com from a "buy" rating to a "hold" rating.MarketBeat
- United Microelectronics Co. (NYSE: UMC) was upgraded by analysts at StockNews.com from a "hold" rating to a "buy" rating.MarketBeat
- UMC Reports Sales for October 2024Business Wire
- United Microelectronics Co. (NYSE: UMC) was downgraded by analysts at StockNews.com from a "buy" rating to a "hold" rating.MarketBeat
- United Microelectronics Co. (NYSE: UMC) was downgraded by analysts at JPMorgan Chase & Co. from an "overweight" rating to a "neutral" rating.MarketBeat
UMC
Earnings
- 10/30/24 - Beat
UMC
Sec Filings
- 11/14/24 - Form 6-K
- 11/13/24 - Form 6-K
- 10/30/24 - Form 6-K
- UMC's page on the SEC website