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United Microelectronics Corporation (UMC-N)
NYSE:UMC
7.79
0.03
(0.39%) 1d
Financials
Technical Analysis
Buy, Sell or Hold?
This summary was created by AI, based on 2 opinions in the last 12 months.
Experts have conflicting opinions about UMC-N. One expert believes that the company is a 2nd or 3rd rate option for investors due to its high stock price and suggests waiting for a share price to fall before investing. On the other hand, Trevor Rose's Insights indicate that UMC-N is a solid company with strong balance sheet, cheap valuation, and organic growth. However, they also note that the semiconductor industry is cyclical, and sales are expected to decline in FY 2023 before recovering. Overall, UMC-N is perceived as a company with potential but also subject to market fluctuations.
$8.110
No
UMC is a Taiwanese company, operating as a semiconductor wafer foundry, and is now trading at 11x times' Forward P/E. In the last five years, sales grew around 10% on average, mostly organic growth. The balance sheet is strong, with a net cash of Taiwan NT115B(or around $3.7B). The company has been reinvesting heavily to pursue organic growth, while dividends also grew at an impressive pace over the last few years. However, the semiconductor industry is quite cyclical. Based on consensus estimates, sales are expected to decline by 24% in FY 2023, and then recover to around 12%-15% over the next few years. Overall, solid company, cheap valuation, strong balance sheet, and we like the name. Keep in mind we do not follow international names closely, however.
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United Microelectronics Corporation(UMC-N) Rating
Ranking : 4 out of 5
Bullish - Buy Signals / Votes : 2
Neutral - Hold Signals / Votes : 0
Bearish - Sell Signals / Votes : 0
Total Signals / Votes : 2
United Microelectronics Corporation(UMC-N) Frequently Asked Questions
What is United Microelectronics Corporation stock symbol?
United Microelectronics Corporation is a American stock, trading under the symbol UMC-N on the New York Stock Exchange (UMC). It is usually referred to as NYSE:UMC or UMC-N
Is United Microelectronics Corporation a buy or a sell?
In the last year, 2 stock analysts published opinions about UMC-N. 2 analysts recommended to BUY the stock. 0 analysts recommended to SELL the stock. The latest stock analyst recommendation is . Read the latest stock experts' ratings for United Microelectronics Corporation.
Is United Microelectronics Corporation a good investment or a top pick?
United Microelectronics Corporation was recommended as a Top Pick by on . Read the latest stock experts ratings for United Microelectronics Corporation.
Why is United Microelectronics Corporation stock dropping?
Earnings reports or recent company news can cause the stock price to drop. Read stock experts’ recommendations for help on deciding if you should buy, sell or hold the stock.
Is United Microelectronics Corporation worth watching?
In the last year, there was no coverage of United Microelectronics Corporation published on Stockchase.
What is United Microelectronics Corporation stock price?
On 2024-04-26, United Microelectronics Corporation (UMC-N) stock closed at a price of $7.79.
Semi-conductor business is best played through "Tier 1" companies. Taiwan Semi/Samsung are the best options. This company is a 2nd or 3rd rate option for investors. Stock price very high. Would wait for share price to fall before investing. Overall a strong sector.