- United Microelectronics (UMC, Financial) sees a steady revenue increase, reporting NT$20.45 billion in April.
- Analysts set a mixed price target with an average of $7.41, indicating a slight downside potential.
- GuruFocus' GF Value estimates a potential 4.69% upside from the current stock price.
United Microelectronics (UMC) has announced a notable revenue achievement for April, registering NT$20.45 billion. This marks a 3.61% increase year-over-year, bolstering confidence in the company's growth trajectory. Cumulatively, for the year through April, UMC reported NT$78.3 billion, reflecting a year-over-year growth of 5.3%, underscoring its robust financial health.
Wall Street Analysts' Insights
According to projections from five financial analysts, United Microelectronics Corp (UMC, Financial) holds an average target price of $7.41. The high estimate reaches $8.81, while the low is at $5.60, suggesting limited variance in outlook. The average target indicates a slight downside of 0.83% from the current trading price of $7.47. For more in-depth analysis, visit the United Microelectronics Corp (UMC) Forecast page.
Brokerage Recommendations
The consensus from five brokerage firms rates United Microelectronics Corp's (UMC, Financial) average brokerage recommendation at 3.0. This positions UMC in the "Hold" category on the analyst scale, which spans from 1 (Strong Buy) to 5 (Sell).
GuruFocus's GF Value Analysis
GuruFocus provides an estimated GF Value for United Microelectronics Corp (UMC, Financial) at $7.82 for the coming year, forecasting a potential upside of 4.69% above the current price of $7.47. The GF Value is a calculated figure reflecting the fair market value of the stock, rooted in historical trading multiples, previous business growth, and future performance estimates. Additional comprehensive data is available on the United Microelectronics Corp (UMC) Summary page.
