United Microelectronics: The Worst Seems To Have Passed, Good Time To Jump Back In [Seeking Alpha]
United Microelectronics Corporation (NEW) (UMC)
US:NYSE Investor Relations:
umc.com/english/investors/index.asp
Company Research
Source: Seeking Alpha
The company's financials show a decent cash position and manageable debt, with a strong interest coverage ratio. UMC's competitive advantage and market position are expected to be restored once the industry improves, making it an attractive investment. Introduction It has been around a year since I covered United Microelectronics ( NYSE: UMC ) first, so I wanted to look at the company's performance throughout 2023 and see what's in store going forward. The company's share price went nowhere in the last year and only the dividend helped to push it to green. Given the tough macro environment in '23, it was no surprise, however, now that the bottom seems to be setting in, I believe the company is going to see top-line growth returning, and profitability improving, slowly in 2024, and continue to climb over the next couple of years, therefore, I maintain my “strong-buy” rating. Briefly on Financials As of FY23 , which ended Dec 31 '23, reported on Jan 31 '24, the company had ar
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News
- United Microelectronics Corporation (NYSE:UMC) Q1 2024 Earnings Call Transcript [Yahoo! Finance]Yahoo! Finance
- UMC Files Form 20-F for 2023 with US Securities and Exchange CommissionBusiness Wire
- United Microelectronics Co. (NYSE: UMC) was upgraded by analysts at Citigroup Inc. from a "neutral" rating to a "buy" rating.MarketBeat
- UMC Reports First Quarter 2024 ResultsBusiness Wire
- UMC Reports Sales for March 2024Business Wire
UMC
Earnings
- 4/24/24 - Miss
UMC
Sec Filings
- 4/25/24 - Form 6-K
- 4/25/24 - Form 20-F
- 4/24/24 - Form 6-K
- UMC's page on the SEC website