- United Microelectronics Corp. (UMC, Financial) shows promise as it leverages strong semiconductor demand.
- Analysts project a modest price increase with a hold recommendation.
- Current stock valuation aligns closely with GuruFocus's calculated GF Value.
United Microelectronics Corporation (UMC), a prominent Taiwanese semiconductor foundry, is spotlighted as a prospective contender among stocks valued under $10. Specializing in cutting-edge chip fabrication, UMC is strategically positioned to achieve robust growth owing to the escalating demand for its 22nm platforms projected for 2025. The company witnessed an impressive 15% revenue surge in 2024, attributed to the broad adoption of its technological innovations within networking and display applications. As the market anticipates further expansion, UMC emerges as a compelling investment prospect.
Wall Street Analysts Forecast
Wall Street analysts provide insightful projections for United Microelectronics Corp (UMC, Financial). According to the one-year price targets from five analysts, the average target price stands at $7.14, with estimates ranging from a high of $8.81 to a low of $5.60. This average target suggests a potential upside of 2.04% from the current price of $7.00. For more granular details, visit the United Microelectronics Corp (UMC) Forecast page.
In terms of recommendations, the consensus from five brokerage firms results in an average brokerage recommendation of 3.0 for United Microelectronics Corp (UMC, Financial), indicating a "Hold" status. The rating employs a scale from 1 to 5, where 1 represents a Strong Buy, and 5 signifies a Sell.
According to GuruFocus metrics, the estimated GF Value for United Microelectronics Corp (UMC, Financial) in one year is calculated at $6.86. This estimation suggests a slight downside of 1.93% from the current trading price of $6.995. The GF Value, a proprietary GuruFocus metric, determines the fair trading value of the stock based on historical multiples, past business growth, and future performance estimates. Investors can explore additional detailed data on the United Microelectronics Corp (UMC) Summary page.
