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United Micro (UMC) Receives a Sell from Bernstein

Tipranks - Tipranks - Sat Jan 3, 6:08AM CST

Bernstein analyst Mark Li maintained a Sell rating on United Micro today and set a price target of $4.80.

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According to TipRanks, Li is a 5-star analyst with an average return of 21.6% and a 60.00% success rate. Li covers the Technology sector, focusing on stocks such as Micron, Sunny Optical Technology (Group) Co, and Kioxia Holdings Corporation.

United Micro has an analyst consensus of Moderate Sell, with a price target consensus of $5.50.

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Based on United Micro’s latest earnings release for the quarter ending October 28, the company reported a quarterly revenue of $59.13 billion and a net profit of $14.98 billion. In comparison, last year the company earned a revenue of $60.49 billion and had a net profit of $14.47 billion

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