United Microelectronics Corporation (NYSE:UMC ) Q4 2024 Earnings Conference Call October 30, 2024 5:00 AM ET Company Participants Michael Lin - Head of IR Chi-Tung Liu - CFO Jason Wang - President Conference Call Participants Sunny Lin - UBS Gokul Hariharan - J.P. Morgan Laura Chen - Citi Charlie Chan - Morgan Stanley.
United Microelectronics (UMC) might move higher on growing optimism about its earnings prospects, which is reflected by its upgrade to a Zacks Rank #1 (Strong Buy).
United Microelectronics (UMC) is technically in oversold territory now, so the heavy selling pressure might have exhausted. This along with strong agreement among Wall Street analysts in raising earnings estimates could lead to a trend reversal for the stock.
Investors interested in Electronics - Semiconductors stocks are likely familiar with United Microelectronics Corporation (UMC) and GlobalFoundries Inc. (GFS). But which of these two stocks offers value investors a better bang for their buck right now?
Here at Zacks, our focus is on the proven Zacks Rank system, which emphasizes earnings estimates and estimate revisions to find great stocks. Nevertheless, we are always paying attention to the latest value, growth, and momentum trends to underscore strong picks.
Investors interested in stocks from the Electronics - Semiconductors sector have probably already heard of United Microelectronics Corporation (UMC) and GlobalFoundries Inc. (GFS). But which of these two stocks is more attractive to value investors?
United Microelectronics Corporation's Q2 results show improved financials with a $1.75B revenue, a $0.17 GAAP EPS, and increased gross and operating margins, signaling a positive shift. The company's strong financial position, with $4B in cash and low debt, ensures stability and growth potential, even during market downturns. United Microelectronics' Q3 guidance predicts mid-single digit growth in wafer shipments and stable gross margins, with capacity utilization expected to rise to around 70%.
Here at Zacks, our focus is on the proven Zacks Rank system, which emphasizes earnings estimates and estimate revisions to find great stocks. Nevertheless, we are always paying attention to the latest value, growth, and momentum trends to underscore strong picks.
Investors with an interest in Electronics - Semiconductors stocks have likely encountered both United Microelectronics Corporation (UMC) and Lattice Semiconductor (LSCC). But which of these two companies is the best option for those looking for undervalued stocks?
Investors interested in Electronics - Semiconductors stocks are likely familiar with United Microelectronics Corporation (UMC) and Lattice Semiconductor (LSCC). But which of these two companies is the best option for those looking for undervalued stocks?