###SEO Headline: United Microelectronics Corp (2303) Earnings: UMC Reports June Sales of NT$17.55 Billion, Down 7.91% with Mixed Analyst Ratings###

United Microelectronics Corp on Smartkarma

On Smartkarma, analyst Patrick Liao has shared insights on United Microelectronics Corp (UMC) highlighting a slightly positive outlook for the company’s third quarter in 2024. The estimated overall utilization for this period is expected to be in the range of 65-70%, with specific benefits from Novatek shipping OLED DDIC to Apple. The gross margin is approaching around 30%, indicating a potentially upbeat quarter over quarter for UMC.

In contrast, Liao also suggests a more cautious approach regarding UMC’s 2024 performance, foreseeing flat to low single-digit growth. Despite receiving orders from various clients, the company may struggle to compensate for the loss of Samsung’s 28nm orders. With an increased capital expenditure of $3.3 billion due to a construction boost in Singapore, UMC faces challenges in achieving significant growth rates for the year.

A look at United Microelectronics Corp Smart Scores

Smart Score is a compound score for the Company indicating its overall outlook. It is derived by taking an equally weighted average of underlying Factor scores computed by Smartkarma

United Microelectronics Corp (UMC) has been given positive ratings across the board according to the Smartkarma Smart Scores. The company scores well in areas such as Dividend, Growth, Resilience, and Momentum, indicating a promising long-term outlook. With a strong focus on value, UMC is positioned as a company with solid potential for growth and sustained performance in the future. The high ratings in dividend and growth suggest that UMC offers attractive returns for investors while also demonstrating a robust ability to adapt and thrive in the ever-evolving semiconductor industry.

United Microelectronics Corp‘s core business involves designing, manufacturing, and marketing integrated circuits and related electronic products. Specializing in various types of ICs including consumer electronics, memory, personal computer peripherals, and communication, UMC caters to a diverse market segment. Given its notable Smart Scores, UMC appears to be well-positioned for continued success and growth in the dynamic semiconductor space, making it an intriguing prospect for investors looking at long-term opportunities.

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