On August 7, United Microelectronics declined 5.23% in regular trading, trading at approximately $18.29/share, with turnover of $50.02 million.
On the news front, the company reported July consolidated net sales of NT$23.84 billion on August 6, representing an 18.98% year-over-year increase, while cumulative January-July revenue reached NT$153.6 billion, up 12.41% YoY. Mature-node order momentum continued to improve, driven by demand recovery in power management ICs and sensors.
Despite the sustained revenue growth trajectory, profit-taking pressure remains dominant. United Microelectronics had previously surged over 140% from its lows. The analyst consensus rating stands at Strong Sell with a mean target price of just $8.60, significantly below current levels. Additionally, the company CFO sold 1.9 million shares on July 13, further intensifying selling pressure. The semiconductor sector also showed broad weakness, with SK hynix down 6.32%, Micron Technology down 3.33%, and Advanced Micro Devices down 1.49%.
(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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