United Microelectronics (UMC) Stock Forecast & Price Target

$6.85 +0.08 (+1.18%)

(As of 11/22/2024 ET)

United Microelectronics - Analysts' Recommendations and Stock Price Forecast (2024)

MarketBeat calculates consensus analyst ratings for stocks using the most recent rating from each Wall Street analyst that has rated a stock within the last twelve months. Each analyst's rating is normalized to a standardized rating score of 1 (sell), 2 (hold), 3 (buy) or 4 (strong buy). Analyst consensus ratings scores are calculated using the mean average of the number of normalized sell, hold, buy and strong buy ratings from Wall Street analysts. Each stock's consensus analyst rating is derived from its calculated consensus ratings score (0 to .5 = Strong Sell, .5 to 1 = Sell, 1 to 1.5 = Reduce, 1.5 to 2.5 = Hold, 2.5 to 3.0 = Moderate Buy, 3.0 to 3.5 = Buy, >3.5 = Strong Buy). MarketBeat's consensus price targets are a mean average of the most recent available price targets set by each analyst that has set a price target for the stock in the last twelve months. MarketBeat's consensus ratings and consensus price targets may differ from those calculated by other firms due to differences in methodology and available data.

Consensus Rating

Hold

Based on 5 Analyst Ratings

Sell
0

Hold
4

Buy
1

Based on 5 Wall Street analysts who have issued ratings for United Microelectronics in the last 12 months, the stock has a consensus rating of "Hold." Out of the 5 analysts, 4 have given a hold rating, and 1 has given a buy rating for UMC.

Consensus Price Target

$7.40
8.03% Upside

According to the 5 analysts' twelve-month price targets for United Microelectronics, the average price target is $7.40. The highest price target for UMC is $7.40, while the lowest price target for UMC is $7.40. The average price target represents a forecasted upside of 8.03% from the current price of $6.85.

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UMC Analyst Ratings Over Time

Type	Current Forecast 11/24/23 to 11/23/24	1 Month Ago 10/25/23 to 10/24/24	3 Months Ago 8/26/23 to 8/25/24	1 Year Ago 11/24/22 to 11/24/23
Strong Buy	0 Strong Buy rating(s)	0 Strong Buy rating(s)	0 Strong Buy rating(s)	0 Strong Buy rating(s)
Buy	1 Buy rating(s)	1 Buy rating(s)	2 Buy rating(s)	3 Buy rating(s)
Hold	4 Hold rating(s)	2 Hold rating(s)	1 Hold rating(s)	1 Hold rating(s)
Sell	0 Sell rating(s)	0 Sell rating(s)	0 Sell rating(s)	1 Sell rating(s)
Consensus Price Target	$7.40	$7.40	$8.90	$8.33
Forecasted Upside	8.03% Upside	-3.96% Downside	1.14% Upside	5.71% Upside
Consensus Rating	Hold	Hold	Moderate Buy	Hold

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UMC Analyst Recommendations By Month

The chart below shows how a company's ratings by analysts have changed over time. Each bar represents the previous year of ratings for that month. Within each bar, the sell ratings are shown in red, the hold ratings are shown in yellow, the buy ratings are shown in green, and the strong buy ratings are shown in dark green.

UMC Price Targets by Month

The chart below shows how a company's share price and consensus price target have changed over time. The dark blue line represents the company's actual price. The lighter blue line represents the stock's consensus price target. The even lighter blue range in the background of the two lines represents the low price target and the high price target for each stock.

United Microelectronics Stock vs. The Competition

Type	United Microelectronics	Computer and Technology Companies	S&P 500
Consensus Rating Score	2.20	2.68	2.50
Consensus Rating	Hold	Moderate Buy	Moderate Buy
Predicted Upside	8.03% Upside	543.36% Upside	7.66% Upside
News Sentiment Rating	Positive News See Recent UMC News	Positive News	Positive News

Recent Analyst Forecasts and Stock Ratings

Rating

Upside/Downside

Action

Time Frame

Start Date

End Date

Show

Export to Excel

Date	Brokerage	Analyst Name	Action	Rating	Price Target	Upside/Downside on Report Date
10/30/2024	JPMorgan Chase & Co. 3 of 5 stars		Downgrade	Overweight ➝ Neutral
10/28/2024	Morgan Stanley 3 of 5 stars		Downgrade	Overweight ➝ Equal Weight
10/17/2024	The Goldman Sachs Group 2 of 5 stars	B. Lu Subscribe to MarketBeat All Access for the recommendation accuracy rating	Downgrade	Buy ➝ Neutral	$7.40	-9.42%
4/24/2024	Citigroup Subscribe to MarketBeat All Access for the recommendation accuracy rating		Upgrade	Neutral ➝ Buy
1/25/2024	HSBC Subscribe to MarketBeat All Access for the recommendation accuracy rating		Upgrade	Reduce ➝ Hold
1/23/2023	Loop Capital Subscribe to MarketBeat All Access for the recommendation accuracy rating		Initiated Coverage	Hold
1/9/2023	Bank of America Subscribe to MarketBeat All Access for the recommendation accuracy rating		Initiated Coverage	Buy

Analyst ratings data on MarketBeat is provided by Benzinga and other data providers. This page was last refreshed on Saturday at 06:31 PM ET.

Should I Buy United Microelectronics Stock? UMC Pros and Cons Explained

These pros and cons were generated based on recent news and financial data from MarketBeat in order to provide readers with the fastest and most accurate insights. They were last updated on Thursday, November 21, 2024. Please send any questions or comments about these United Microelectronics pros and cons to contact@marketbeat.com.

United Microelectronics
Bull Case

Here are some ways that investors could benefit from investing in United Microelectronics Co.:

The company recently reported earnings per share (EPS) of $0.18, surpassing analysts' expectations of $0.15, indicating strong financial performance and effective management.
United Microelectronics Co. achieved a revenue of $1.91 billion for the latest quarter, exceeding the forecast of $1.84 billion, showcasing its ability to generate higher sales than anticipated.
With a return on equity of 14.35%, the company demonstrates efficient use of shareholders' equity to generate profits, which is a positive indicator for potential investors.
The current stock price of United Microelectronics Co. reflects its recent performance and market confidence, making it an attractive option for investors looking for growth in the semiconductor sector.
Institutional investors have shown significant interest, with firms like Vanguard Group increasing their stakes, suggesting confidence in the company's future prospects.

United Microelectronics
Bear Case

Investors should be bearish about investing in United Microelectronics Co. for these reasons:

The net margin of 22.89% is lower than the previous year's margin, indicating potential challenges in maintaining profitability amidst competitive pressures.
Despite recent growth, the semiconductor industry is highly cyclical, and any downturn could adversely affect United Microelectronics Co.'s performance.
Recent fluctuations in institutional ownership percentages may indicate uncertainty among larger investors regarding the company's long-term stability.
With a forecasted EPS of only $0.66 for the current year, growth expectations may be tempered, which could limit stock price appreciation.
Increased competition in the semiconductor market could impact United Microelectronics Co.'s market share and pricing power, posing risks to future revenue growth.

UMC Forecast - Frequently Asked Questions

: According to the research reports of 5 Wall Street equities research analysts, the average twelve-month stock price forecast for United Microelectronics is $7.40, with a high forecast of $7.40 and a low forecast of $7.40.
: 5 Wall Street research analysts have issued "buy," "hold," and "sell" ratings for United Microelectronics in the last twelve months. There are currently 4 hold ratings and 1 buy rating for the stock. The consensus among Wall Street research analysts is that investors should "hold" UMC shares. A hold rating indicates that analysts believe investors should maintain any existing positions they have in UMC, but not buy additional shares or sell existing shares.
: According to analysts, United Microelectronics's stock has a predicted upside of 8.03% based on their 12-month stock forecasts.
: Over the previous 90 days, United Microelectronics's stock had 3 downgrades by analysts.
: United Microelectronics has been rated by research analysts at JPMorgan Chase & Co., Morgan Stanley, and The Goldman Sachs Group in the past 90 days.
: Analysts like United Microelectronics less than other "computer and technology" companies. The consensus rating for United Microelectronics is Hold while the average consensus rating for "computer and technology" companies is Moderate Buy. Learn more on how UMC compares to other companies.

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This page (NYSE:UMC) was last updated on 11/23/2024 by MarketBeat.com Staff

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United Microelectronics (UMC) Stock Forecast & Price Target