United Micro (UMC): New Sell Recommendation for This Technology Giant
Goldman Sachs analyst maintained a Sell rating on United Micro today and set a price target of $10.60.
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In addition to Goldman Sachs, United Micro also received a Sell from Bank of America Securities’s Mike Yang in a report issued on January 22. However, yesterday, TipRanks – Anthropic upgraded United Micro (NYSE: UMC) to a Hold.
Based on United Micro’s latest earnings release for the quarter ending September 30, 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
Read More on UMC:
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- UMC downgraded to Underweight from Neutral at JPMorgan
- United Microelectronics Earnings Call Highlights Mixed Tailwinds
- UMC downgraded to Underperform from Neutral at BNP Paribas
- UMC upgraded to Neutral from Underperform at KGI Securities
- United Microelectronics Posts Solid Q4 2025 Results and Signals Growth for 2026
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