Movement Alert|United Microelectronics Rises 3.28% in Regular Trading, Broker Upgrade to Buy Rating Coupled with Semiconductor Sector Recovery

Market Focus
06/09

On June 9, United Microelectronics rose 3.28% in regular trading, trading at $20.775/share, with trading volume of $28.45 million, extending its recent rebound trajectory.

On the news front, Mastercard Securities upgraded United Microelectronics from Hold to Buy with a target price of NT$135, boosting market confidence. According to FactSet-polled analysts, the stock carries an average Hold rating with a mean price target of NT$90.67, making this upgrade a notable departure from consensus. Meanwhile, the broader semiconductor sector continued to recover, with Micron Technology up 3.76%, Intel up 1.92%, and NVIDIA up 0.71%, providing favorable sector tailwinds.

The stock had previously corrected over 15% due to elevated valuations at approximately 35.5x TTM P/E, well above its five-year median of 11.8x. However, robust fundamentals have attracted buying interest on the dip, including Q1 net profit surging 108% year-over-year to NT$16.17 billion, May revenue growing 17.8% YoY to NT$22.94 billion, and planned selective price increases of approximately 10% in the second half to sustain earnings 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.)

免責聲明:投資有風險,本文並非投資建議,以上內容不應被視為任何金融產品的購買或出售要約、建議或邀請,作者或其他用戶的任何相關討論、評論或帖子也不應被視為此類內容。本文僅供一般參考,不考慮您的個人投資目標、財務狀況或需求。TTM對信息的準確性和完整性不承擔任何責任或保證,投資者應自行研究並在投資前尋求專業建議。

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