United Microelectronic (UMC)

• Market cap: $16.9B
• 1 day: 3.06%
• 5 days: 3.86%
• 1 month: -2.04%
• 3 months: -21.19%
• 6 months: -23.61%
• Year to date: -18.72%
• 1 year: -18.03%
• 5 years: 146.52%
• 10 years: 193.89%

About: Founded in 1980, United Microelectronics is the world's third-largest dedicated chip foundry, with 7% market share in 2023 after TSMC and SMIC. UMC's headquarters are in Hsinchu, Taiwan, and it operates 12 fabs in Taiwan, Mainland China, Japan and Singapore, with additional sales offices in Europe, the us, and South Korea. UMC features a diverse customer base that includes Texas Instruments, MediaTek, Qualcomm, Broadcom, Xilinx, and Realtek, supplying a wide range of products applied in communications, display, memory, automotive and more. UMC employs about 20,000 people.

Employees: 19,833

Fund manager confidence

Based on 2024 Q3 regulatory filings by fund managers ($100M+ AUM)

141% more first-time investments, than exits

New positions opened: 53 | Existing positions closed: 22

131% more call options, than puts

Call options by funds: $10.3M | Put options by funds: $4.47M

53% more repeat investments, than reductions

Existing positions increased: 104 | Existing positions reduced: 68

13% more funds holding

Funds holding: 233 [Q2] → 264 (+31) [Q3]

11% more capital invested

Capital invested by funds: $1.21B [Q2] → $1.35B (+$136M) [Q3]

0.17% more ownership

Funds ownership: 1.11% [Q2] → 1.28% (+0.17%) [Q3]

0% more funds holding in top 10

Funds holding in top 10: 2 [Q2] → 2 (+0) [Q3]

Research analyst outlook

1 Wall Street Analyst provided 1 year price targets over the past 3 months

• Low target: $7.40 10% upside
• Avg. target: $7.40 10% upside
• High target: $7.40 10% upside

1 analyst rating

• positive: 0 0%
• neutral: 1 100%
• negative: 0 0%

Goldman Sachs Bruce Lu 0 / 0 met price target

10% upside $7.40

Neutral Downgraded

17 Oct 2024