- United Microelectronics (UMC, Financial) posts a significant 9.31% year-over-year sales increase for March.
- Analysts offer an average price target implying a 16.43% potential upside in UMC stock.
- UMC receives a "Hold" rating based on consensus from five brokerage firms.
United Microelectronics (UMC) recently reported its financial performance for March, showcasing impressive growth with net sales reaching NT$19.86 billion. This represents a substantial 9.31% increase compared to the same month last year. Additionally, the semiconductor company's first-quarter sales climbed to NT$57.86 billion, marking a year-over-year rise of 5.91%.
Analyst Price Targets
According to forecasts from five financial analysts, the average price target for United Microelectronics Corp (UMC, Financial) stands at $7.14. Analysts have projected a high estimate of $8.81 and a low estimate of $5.60. This average target suggests a potential upside of 16.43% from the current stock price of $6.13. For more comprehensive data on these estimates, investors can visit the United Microelectronics Corp (UMC) Forecast page.
Brokerage Recommendations
United Microelectronics Corp (UMC, Financial) currently holds an average brokerage recommendation of 3.0, which corresponds to a "Hold" status. The recommendation scale ranges from 1, indicating a Strong Buy, to 5, denoting a Sell. This consensus is drawn from evaluations by five brokerage firms.
Estimated GF Value Analysis
GuruFocus has calculated the estimated GF Value for United Microelectronics Corp (UMC, Financial) to be $6.86 in one year. This estimate signifies an upside of 11.91% from its current price of $6.13. The GF Value is GuruFocus' assessment of the fair market value based on historical trading multiples, past business growth, and future business performance projections. Detailed information on this metric can be accessed on the United Microelectronics Corp (UMC) Summary page.
