UMC Reports First Quarter 2024 Results
FREE Breaking News Alerts from StreetInsider.com!
StreetInsider.com Top Tickers, 6/23/2026
- S&P, Nasdaq drop on semiconductor selloff as AI spending concerns mount
- Chip stocks plunge, but bargain-hunters stem losses in other tech names
- Oil prices finish 1% lower as investors focus on Hormuz flows after peace talks
- South Korea leveraged ETF crisis sparks global chip selloff
- Trump announces nuclear deal with Iran, lifts Hormuz blockade
- Exclusive-China robot-hand-building unicorn Linkerbot targets $6 billion valuation
- Spain's ex-transport minister sentenced to 24 years for corruption
- China, US, UAE police arrest 276 telecom fraud suspects in Dubai
- Li Auto Inc. (LI) Breaks Ground on Chips R&D and Production Base
- Needham Starts NeoVolta (NEOV) at Buy
Citi Upgrades United Microelectronics Corp (2303:TT) (UMC) to Buy 'with limited downside'
April 24, 2024 11:47 AM EDTCiti analyst Roland Shu upgraded United Microelectronics Corp (2303:TT) (NYSE: UMC) from Neutral to Buy with a price target of NT$58.00 (from NT$52.80).
The analyst comments "UMC posted better-than-expected 1Q24 results. 1Q24 sales remain stable at NT$54.6bn (down 0.6% QoQ, up 0.8% YoY)... More
