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United Microelectronics Corp. (UMC)
NYSE:UMC
Holding UMC?
Track your performance easily
See the Price Targets and Ratings of:
UMC Analyst Ratings
Moderate Buy
1 Buy
0 Hold
0 Sell
TipRanks enables you to focus on the analyst rating consensus of all analysts or only the top performers in the past 3 months
UMC Stock 12 Month Forecast
Average Price Target
$9.70
▲(15.61% Upside)
| Highest Price Target$9.70 | Average Price Target$9.70 | Lowest Price Target$9.70 |
The highest, average, and lowest price target of all analysts. Click on ‘Top Analysts’ to focus on the best performers.
Detailed List of Analyst Forecasts
Ranks
Any
Analyst Rating
Any
Upside/ Downside
Any
Action
Any
Goldman Sachs
Upgraded
07/31/24
Bank of America Securities
$9.4
Buy
12.04%
Upside
Reiterated
01/26/24
We see positive impacts for UMC, due to (1) widening offerings into 12nm without capex burden; (2) increasing global footprint; and (3) shortened business expansion lead- time. However, the upside could be capped by (1) earnings upside likely diluted by the profit-sharing scheme; (2) execution risks given the new collaboration; (3) potential client interest conflicts with (4) product competitiveness given lower cost effectiveness. As a side note, we see low impact for TSMC (Taiwan Semiconductor Manufacturing), due to (1) the remote timeline of 2027; (2) low revenue exposure in 12-16nm (8% in 2024, we estimate); and (3) UMC’s lack of experience in 7nm and below, and thus Intel unlikely to see immediate improvement in the segment. The potential long-term implication on GFS (GlobalFoundries) if there is another source of mid-range foundry capacity that is based in US.
HSBC
$6.29→$9.93
Hold
18.36%
Upside
Upgraded
01/25/24
UMC upgraded to Hold from Reduce at HSBCUMC upgraded to Hold from Reduce at HSBC
Best Analysts Covering United Micro
Which Analyst Should I Follow If I Want to Buy UMC and Sell After:
1 Month
xxx
Success Rate
3/3 ratings generated profit
Average Return
+1.87%
reiterated a xxx
rating 7 months ago
Copying xxxxxxxxxxxxxxxxxx
trades and holding each position for 1 Month would result in 100.00% of your transactions generating a profit, with an average return of +1.87% per trade.
3 Months
xxx
Success Rate
4/4 ratings generated profit
Average Return
+17.32%
upgraded a xxx
rating 3 months ago
Copying xxxxxxxxxxxxxxxxxx
trades and holding each position for 3 Months would result in 100.00% of your transactions generating a profit, with an average return of +17.32% per trade.
1 Year
2 Years
xxx
Success Rate
4/4 ratings generated profit
Average Return
+29.73%
upgraded a xxx
rating 3 months ago
Copying xxxxxxxxxxxxxxxxxx
trades and holding each position for 2 Years would result in 100.00% of your transactions generating a profit, with an average return of +29.73% per trade.
The Best Analyst Covering tool allows you to follow the analysts who have the best success rates and average returns on a specific stock. Only analysts that gave a Buy or Sell rating on the stock in the past 12 months are eligible for inclusion in this tool. Follow the analysts of your choice to receive real-time updates when they publish a new rating.
UMC Analyst Recommendation Trends
Rating
Oct 23
Jan 24
Mar 24
Apr 24
Jul 24
Strong Buy
0
0
0
0
0
Buy
1
2
2
1
1
Hold
0
2
2
2
0
Sell
2
1
1
2
2
Strong Sell
0
0
0
0
0
total
3
5
5
5
3
Each month's total comprises the sum of three months' worth of ratings.
UMC Financial Forecast
UMC Stock Forecast FAQ
What is UMC’s average 12-month price target, according to analysts?
Based on analyst ratings, United Microelectronics Corp.’s 12-month average price target is $9.70.
What is UMC’s upside potential, based on the analysts’ average price target?
United Microelectronics Corp. has 15.61% upside potential, based on the analysts’ average price target.
Can I see which stocks the top-ranking analysts are rating?
Yes, go to the Analysts’ Top Stocks tool to see stocks with a Strong Buy or Strong Sell analyst rating consensus, according to the top performers.
How can I follow the stock ratings of top Wall Street analysts?
Head over to our Expert Center to see a list of the top 100 Wall Street analysts and follow the analysts of your choice. Visit their profiles for more details about their stock ratings and see how they perform on a stock-by-stock basis.
Is UMC a Buy, Sell or Hold?
United Microelectronics Corp. has a consensus rating of Moderate Buy which is based on 1 buy ratings, 0 hold ratings and 0 sell ratings.
What is United Microelectronics Corp.’s price target?
The average price target for United Microelectronics Corp. is $9.70. This is based on 1 Wall Streets Analysts 12-month price targets, issued in the past 3 months.
The highest analyst price target is $9.70 ,the lowest forecast is $9.70. The average price target represents 15.61% Increase from the current price of $8.39.
The highest analyst price target is $9.70 ,the lowest forecast is $9.70. The average price target represents 15.61% Increase from the current price of $8.39.
What do analysts say about United Microelectronics Corp.?
United Microelectronics Corp.’s analyst rating consensus is a Moderate Buy. This is based on the ratings of 1 Wall Streets Analysts.
How can I buy shares of UMC?
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