- UMC’s net income for the first half of 2024 is NT$24.24 billion.
- The company achieved an operating profit of NT$25.56 billion during the same period.
- UMC’s total revenue for the first half of 2024 stands at NT$111.43 billion.
- The earnings per share (EPS) for UMC is NT$1.95.
- Analysts’ recommendations include 17 buys, 9 holds, and 3 sells.
United Microelectronics Corp on Smartkarma
United Microelectronics Corp (UMC) is under the analyst coverage on Smartkarma by Patrick Liao, a well-known analyst in the industry. According to Liao’s recent reports, UMC’s outlook for the third quarter of 2024 shows a slightly upside potential, with estimated overall utilization and benefits from Novatek’s shipment to Apple being key factors driving this positive sentiment. Additionally, UMC’s second quarter of 2024 might see some rush orders coming in, potentially leading to a positive quarter-over-quarter outlook.
On the flip side, Liao also highlights some concerns for UMC, mentioning that the outlook for 2024 could show flat to low single-digit growth due to factors such as the loss of Samsung’s 28nm orders and uncertainties in the macro environment. Despite some bullish leanings in certain quarters, UMC is facing challenges in meeting expectations, with the current second quarter of 2024 outlook indicating a downside of 5-10% quarter-over-quarter in terms of demand from clients.
A look at United Microelectronics Corp Smart Scores
| Factor | Score | Magnitude |
|---|---|---|
| Value | 4 | |
| Dividend | 5 | |
| Growth | 4 | |
| Resilience | 4 | |
| Momentum | 3 | |
| OVERALL SMART SCORE | 4.0 |
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, a company known for designing and manufacturing integrated circuits and electronic products, presents a promising long-term outlook based on its Smartkarma Smart Scores. With a high Dividend score of 5 and strong scores in Value, Growth, Resilience, and Momentum, the company shows robust performance across various key factors. This indicates a positive overall outlook for United Microelectronics Corp with a favorable position for growth and stability in the market.
Specializing in consumer electronic ICs, memory ICs, personal computer peripheral ICs, and communication ICs, United Microelectronics Corp‘s diversified product portfolio aligns well with its solid Smartkarma Smart Scores. Investors looking for a company with a strong dividend offering and potential growth opportunities could find United Microelectronics Corp a compelling option for long-term investment strategies.
Disclaimer: This article by Smartkarma is general in nature and based on historical data and analyst forecasts only using an unbiased methodology and our articles are not intended to be financial advice. It does not constitute a recommendation to buy or sell any stock, and does not take account of your objectives, or your financial situation. Note that our articles may not factor in the latest price-sensitive company announcements or qualitative material.
While all reasonable care has been taken in the preparation, Smartkarma makes no assurance about the accuracy of any generated data or content. All content is indicative only and should be independently checked for accuracy and confirmed before use. Smartkarma accepts no responsibility for any loss or damage caused as a result of any inaccuracy or error within the Lab online tools or generated data.
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