On August 3, United Microelectronics fell 7.78% in regular trading, trading at $17.91/share, with turnover of $32.94 million.
The decline reflects continued profit-taking pressure following a rapid 140%-plus rally from late April through late June. Despite a strong Q2 earnings beat — EPS of $0.54 versus the $0.15 consensus estimate, a 260% surprise, and revenue of $2.176 billion exceeding the $2.06 billion forecast — the broader analyst consensus rating remains at strong sell with a mean target price of just $8.60. Additionally, the CFO sold 1.9 million shares on July 13, amplifying bearish sentiment.
Sector-wide weakness compounded the selling, with Micron Technology down 4.21%, SK hynix down 4.12%, Intel down 3.22%, Advanced Micro Devices down 2.26%, and NVIDIA down 0.84%. The valuation divergence between strong operational results and depressed analyst targets continues to weigh on the stock.
(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.)
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