Bernstein analyst Mark Li maintained a Sell rating on United Micro (UMC – Research Report) yesterday and set a price target of $4.80. The company’s shares closed yesterday at $7.02.
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According to TipRanks, Li is a 5-star analyst with an average return of 19.5% and a 51.52% success rate. Li covers the Technology sector, focusing on stocks such as TSMC, Micron, and United Micro.
Currently, the analyst consensus on United Micro is a Hold with an average price target of $6.45.
Based on United Micro’s latest earnings release for the quarter ending December 31, the company reported a quarterly revenue of $60.39 billion and a net profit of $8.5 billion. In comparison, last year the company earned a revenue of $54.96 billion and had a net profit of $11.89 billion
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