UMC Plunges 20% Year to Date: Should You Buy, Hold or Sell the Stock? [Yahoo! Finance]
United Microelectronics Corporation (NEW) (UMC)
US:NYSE Investor Relations:
umc.com/english/investors/index.asp
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Source: Yahoo! Finance
UMC has also underperformed its peers, such as Toshiba and Taiwan Semiconductor TSM, which offer similar semiconductor manufacturing services. Taiwan Semiconductor has returned 83.5% YTD, whereas Toshiba has lost 7.9% over the same time frame. The underperformance can be attributed to intense competition in the semiconductor foundry service market, rising supply-chain constraints due to geopolitical tensions and higher inflationary costs. Image Source: Zacks Investment Research However, UMC is benefiting from its expanding portfolio and growth in wafer shipments, which increased 7.8% sequentially in the third quarter of 2024. This growth was largely due to strong demand for 22 nanometer (nm) and 28 nm products, which helped offset other market challenges. These advanced nodes are essential in producing high-performance chips used in various industries, including consumer electronics and automotive, where demand has remained robust. Expanding portfolio has been a key catalys
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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