Movement Alert|United Microelectronics Rises 5.56% in Regular Trading, Broker Upgrade and Semiconductor Sector Recovery Drive Rebound

Market Focus
Jun 11

On June 11, United Microelectronics (UMC) rose 5.56% in regular trading, trading at $19.91/share, with trading volume of $13.92 million, staging a strong rebound after a sharp pullback in the prior session.

On the news front, the semiconductor sector experienced broad-based recovery, with Intel up 5.71%, Marvell Technology up 3.44%, and Micron Technology up 1.4%, significantly improving sector sentiment. Meanwhile, a securities firm recently upgraded UMC from Hold to Buy with a target price of NT$135, boosting market confidence.

UMC had previously corrected over 15% due to elevated valuations (TTM P/E approximately 35.5x versus a five-year median of 11.8x). However, the company's robust fundamentals continue to attract capital inflows. First-quarter net profit surged 108% year-over-year to NT$16.17 billion, May revenue grew 17.8% YoY to NT$22.94 billion, and management has confirmed selective price hikes of approximately 10% in the second half, with broader pricing negotiations planned for next year, providing sustained earnings growth momentum.

(The above content is based on publicly available market information, generated by a program or algorithm, and is intended solely as a stock movement alert. It does not constitute investment advice or a basis for trading decisions.)

Disclaimer: Investing carries risk. This is not financial advice. The above content should not be regarded as an offer, recommendation, or solicitation on acquiring or disposing of any financial products, any associated discussions, comments, or posts by author or other users should not be considered as such either. It is solely for general information purpose only, which does not consider your own investment objectives, financial situations or needs. TTM assumes no responsibility or warranty for the accuracy and completeness of the information, investors should do their own research and may seek professional advice before investing.

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