United Microelectronics Stock (NYSE: UMC)

United Microelectronics Stock (NYSE:UMC), Trade Ideas

United Microelectronics

Founded in 1980, United Microelectronics is the world's third-largest dedicated chip foundry, with 7% market share in 2023 after TSMC and GlobalFoundries. UMC's headquarters are in Hsinchu, Taiwan, and it operates 12 fabs in Taiwan, Mainland China, Japan and Singapore, with additional sales offices in Europe, the U.S. and South Korea. UMC features a diverse customer base including Texas Instruments, MediaTek, Qualcomm, Broadcom, Xilinx and Realtek, supplying a wide range of products applied in communications, display, memory, automotive and more. UMC employs about 20,000 people.

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Reuters reported that Taiwan’s biggest earthquake since 1999 that took place on Wednesday morning is likely to disrupt Asia’s semiconductor supply chain.

Taiwan&#39;s Earthquake Puts The World&#39;s Semiconductor Supply Chain To The Test

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Taiwan Semiconductor Manufacturing Co stock falls after 7.2 magnitude earthquake hits Taiwan, impacting production at leading chipmaker.

What&#39;s Going On With Key Nvidia Supplier Taiwan Semi Stock Wednesday?

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The collaboration between UMC and Intel is a strategic move to counter competition from TSMC and Samsung in the contract manufacturing space. 

Taiwanese Chipmaker UMC Teams Up With Intel To Boost Chip Production In US

United Microelectronics Corporation (NEW) Common Stock

United Microelectronics Corp

UMC Inc

United Microelectronics Corporation (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/UMC#NYSE">UMC</a>, TWSE: 2303)))) (&quot;UMC&quot;), today reported unaudited net sales for the month of March 2024.
Revenues for March 2024
<table cellspacing="0">
<tbody>
<tr>
<td colspan="1" rowspan="1">
Period
</td>
<td colspan="1" rowspan="1">
2024
</td>
<td colspan="1" rowspan="1">
2023
</td>
<td colspan="1" rowspan="1">
Y/Y Change
</td>
<td colspan="1" rowspan="1">
Y/Y (%)
</td>
</tr>
<tr>
<td colspan="1" rowspan="1">
March
</td>
<td colspan="1" rowspan="1">
18,167,134
</td>
<td colspan="1" rowspan="1">
17,688,853
</td>
<td colspan="1" rowspan="1">
478,281
</td>
<td colspan="1" rowspan="1">
2.70%
</td>
</tr>
<tr>
<td colspan="1" rowspan="1">
Jan.-Mar.
</td>
<td colspan="1" rowspan="1">
54,632,099
</td>
<td colspan="1" rowspan="1">
54,209,447
</td>
<td colspan="1" rowspan="1">
422,652
</td>
<td colspan="1" rowspan="1">
0.78%
</td>
</tr>
</tbody>
</table>
(&#x2A;) All figures in thousands of New Taiwan Dollars (NT$), except for percentages

Earnings

UMC Reports March 2024 Sales of NT$18.2M, up by 2.70% YoY

United Microelectronics shares are trading higher. The company said that the Taiwan earthquake resulted in no meaningful impact on its finances and business with operations and wafer shipment resuming as normal.

Earlier United Microelectronics Earlier Reported Operations And Wafer Shipment Are Resuming As Normal With No Meaningful Impact On UMC's Finances And Business Following Taiwan Earthquake

Reuters reported that Taiwan&rsquo;s biggest earthquake since 1999&nbsp;that took place on Wednesday morning is likely to disrupt Asia&rsquo;s semiconductor supply chain. Chipmakers, including Taiwan Semiconductor Manufacturing Company Limited (OTC: <a class="ticker" href="https://www.benzinga.com/stock/tsm#OTC">TSM</a>) and United Microelectronics Corporation (NYSE: <a class="ticker" href="https://www.benzinga.com/stock/umc#NYSE">UMC</a>) halted some operations in order to inspect their facilities, as well as to reallocate employees. The $625 billion worth TSMC is indispensable for the global tech industry. The tech titan and AI chip leader, Nvidia Corporation (NASDAQ: <a class="ticker" href="https://www.benzinga.com/stock/nvda#NASDAQ">NVDA</a>) is among those who would have an entirely different existence without its support. Quite likely, Nvidia wouldn&rsquo;t have made it to become the world&rsquo;s third most valuable company without TSMC.
The earthquake will undoubtedly test the readiness of the world&rsquo;s chip making hub
Although an island, Taiwan is central to the global chip supply chain. It is home to TSMC whose chips are used by tech titans, including Nvidia and Apple Inc (NASDAQ: <a class="ticker" href="https://www.benzinga.com/stock/aapl#NASDAQ">AAPL</a>). Apple is one of those tech giants that saves billions from not having to make its own factories as it gets to outsource manufacturing of microprocessors, an area where TSMC enjoys a monopoly. But AI breakthroughs demand even more processing power and manufacturers are pressured to come up with innovative methods and materials to support this technological development.
Being based in Taiwan has many risks.&nbsp;
TSMC has been prepared considering that Taiwan is one of the world&rsquo;s most earthquake-prone areas. Additionally, it had also learned from Japan&rsquo;s 2011 disaster.&nbsp;&nbsp;After an estimated 7.4-magnitude earthquake struck eastern Taiwan, TSMC briefly evacuated and suspended work at some of its facilities. TSMC has stated all of its workers are safe and that it expects to resume production overnight at the interrupted facilities, although it is still evaluating the consequences of the impact. But the strongest earthquake in 25 years has also triggered tsunami warnings. Although it seems that TSMC got out damage-free, the world&rsquo;s most advanced chips are still at risk.&nbsp;
But besides the risk of a natural disaster, having most of its factories and employees in Taiwan brings another set of geopolitical risks. Considering that China considers the&nbsp;democratically governed Taiwan its own territory, a Chinese invasion would shake Taiwanese economy and trigger sanctions from the U.S. and its allies, potentially cutting the world off from chips supply. With the US-China tensions, TSMC started expanding its global footprint but it already has painful memories of venturing out overseas. Undoubtedly, all the above circumstances his will undoubtedly impact not only the industry but also of the world&rsquo;s biggest economies.
One could say that TSMC&rsquo;s most complex challenge and biggest risk is the engineering of its own operational structure.&nbsp;
DISCLAIMER: This content is for informational purposes only. It is not intended as investing advice.
This article is from an unpaid external contributor. It does not represent Benzinga's reporting and has not been edited for content or accuracy.

Taiwan's Earthquake Puts The World's Semiconductor Supply Chain To The Test

Taiwan Semiconductor Manufacturing Co&nbsp;(NYSE:<a class="ticker" href="https://www.benzinga.com/stock/TSM#NYSE">TSM</a>) stock is trading lower Wednesday amid reports of the leading contract chipmaker&nbsp;<a target="_blank" href="https://www.benzinga.com/news/24/04/38062166/taiwan-shaken-by-massive-7-2-magnitude-earthquake-forcing-tsmc-to-suspend-chip-production" rel="noreferrer noopener">operations succumbing to</a>&nbsp;the Taiwan earthquake Wednesday.
<a target="_blank" href="https://www.benzinga.com/government/24/03/37889483/semiconductor-chip-inflation-risk-taiwan-semi-to-face-up-to-25-electricity-tariff-hike-in-taiwan" rel="noreferrer noopener">Taiwan</a>&nbsp;was hit by a powerful 7.2 magnitude earthquake on Wednesday, the most significant seismic event in the last 25 years.&nbsp;
In response, TSMC promptly evacuated its factories, threatening production capabilities at the globe&#8217;s foremost advanced chip maker.
Also Read:&nbsp;<a target="_blank" href="https://www.benzinga.com/news/24/03/37960335/taiwan-semis-cutting-edge-3nm-chips-in-high-demand-apple-intel-and-amd-boost-orders" rel="noreferrer noopener">Taiwan Semi&#8217;s Cutting-Edge 3nm Chips in High Demand, Apple, Intel, and AMD Boost Orders</a>
The earthquake struck at 8 a.m. local time, with its epicenter in Hualien, a mountainous and lightly populated county in eastern Taiwan.&nbsp;
The Taiwan fire department reported one death, likely caused by falling debris, and more than 50 people were injured. Damage to several buildings was reported, with some individuals trapped inside.
Following this significant seismic event, TSMC and its main rival,&nbsp;United Microelectronics Corp&nbsp;(NYSE:<a class="ticker" href="https://www.benzinga.com/stock/UMC#NYSE">UMC</a>), evacuated their factory areas, sparking concerns about the potential impact on production at the leading edge of the global advanced semiconductor industry.
A separate&nbsp;<a target="_blank" href="https://www.digitimes.com/news/a20240403VL208/asml-earthquake-supply-chain-taiwan.html" rel="noreferrer noopener">report</a>&nbsp;indicated Taiwan&#8217;s chip supply chain will likely return to normal operations within a day.
Despite the disruption of semiconductor supply chains in Taiwan due to a 7.4 magnitude earthquake, Taiwan&#8217;s Hsinchu Science Park Administration reports no significant impact, with operations remaining stable.
Meanwhile, the key&nbsp;Nvidia Corp&nbsp;(NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/NVDA#NASDAQ">NVDA</a>) supplier is considering constructing factories for 2-nanometer chips in Hsinchu and Kaohsiung in Taiwan. It is also weighing building a second facility in Kumamoto, Japan, with a potential investment of $13.5 billion.&nbsp;
<figure class="wp-block-image size-full"><img loading="lazy" decoding="async" width="750" height="650" src="https://editorial-assets.benzinga.com/wp-content/uploads/2024/04/03075016/newplot-3.png" alt="" class="wp-image-275489" srcset="https://editorial-assets.benzinga.com/wp-content/uploads/2024/04/03075016/newplot-3.png 750w,https://editorial-assets.benzinga.com/wp-content/uploads/2024/04/03075016/newplot-3-300x260.png 300w" sizes="(max-width: 750px) 100vw, 750px" /></figure>
TSMC gained over 51% in stock value in the last 12 months. Investors can gain exposure to TSMC via&nbsp;VanEck Semiconductor ETF&nbsp;(NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/SMH#NASDAQ">SMH</a>) and&nbsp;Vanguard FTSE Emerging Markets ETF&nbsp;(NYSE:<a class="ticker" href="https://www.benzinga.com/stock/VWO#NYSE">VWO</a>).
Price Action:&nbsp;TSM shares traded lower by 1.10% at $138.68 premarket on the last check Wednesday.
Also Read:&nbsp;<a target="_blank" href="https://www.benzinga.com/markets/equities/24/04/38019455/taiwan-semis-strategic-japan-move-forging-academic-ties-with-kyushu-university-amid-expansion" rel="noreferrer noopener">Taiwan Semi&#8217;s Strategic Japan Move: Forging Academic Ties with Kyushu University Amid Expansion</a>
Disclaimer: This content was partially produced with the help of AI tools and was reviewed and published by Benzinga editors.
Photo via Wikimedia Commons

What's Going On With Key Nvidia Supplier Taiwan Semi Stock Wednesday?

In a strategic move, Taiwanese chipmaker United Microelectronics Corp. (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/UMC#NYSE">UMC</a>) is set to augment its U.S. production capabilities through a partnership with Intel (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/INTC#NASDAQ">INTC</a>).
What Happened: UMC and Intel will jointly develop 12-nanometer chip technology
 for contract production at three Intel facilities in Arizona, Nikkei Asia <a href="https://asia.nikkei.com/Business/Tech/Semiconductors/With-Intel-tie-up-Taiwan-chipmaker-UMC-makes-U.S.-push">reported</a> on Tuesday. The mass production, scheduled to commence in 2027, will primarily target communications and other applications.
UMC Co-President Jason Wang, during an Intel event in February, expressed enthusiasm about the alliance, stating it &#8220;broadens our addressable market and significantly accelerates our development roadmap.&#8221;
See Also: <a href="https://www.benzinga.com/news/24/03/38014088/elon-musk-gears-up-for-grok-2-zuckerberg-reportedly-woos-ai-talent-from-googles-deepmind-tesla-hirin?itm_source=parsely-api" target="_blank" rel="noreferrer noopener">Elon Musk Gears Up For Grok 2, Zuckerberg Reportedly Woos AI Talent From Google&#8217;s DeepMind, Tesla Hiring&nbsp;For Optimus Humanoid Robot And More: This Week In AI</a>
The collaboration between UMC and Intel is a strategic move to counter competition from TSMC and Samsung in the contract manufacturing space. In the recent past, Intel received up to $8.5 billion in subsidies from the U.S. government for advanced chip development. By teaming up with UMC on mature chips, Intel can divert more resources towards cutting-edge pursuits, such as 1.4-nm technology.
As for UMC, this partnership offers an opportunity to mass-produce more advanced chips compared to its primary 22-nm to 28-nm products and expand its customer base in North America, which currently contributes to less than 30% of its revenue.
Why It Matters: UMC, a stalwart of Taiwan&#8217;s chip industry, has been focusing on mature chips since the 2010s. The company experienced growth from 2020 to 2022 due to the global chip shortage, but revenue for the year ended December 2023 fell 20% to 222.5 billion New Taiwan dollars ($6.9 billion), marking the first drop in four years.
The collaboration also appeared after Intel and Taiwan Semiconductor Manufacturing Co encountered <a href="https://www.benzinga.com/government/24/03/37818220/taiwan-semi-and-intel-hit-roadblocks-in-arizona-high-costs-and-labor-shortages-challenge-chip-supply">construction delays at their Arizona sites</a> due to high costs and labor shortages in March. Around the same time, <a href="https://www.benzinga.com/markets/equities/24/03/37504573/united-microelectronics-faces-sales-drop-february-revenues-dip-over-3">UMC reported a 3.07% year-on-year dip</a> in its February sales. 
Despite these challenges, <a href="https://www.benzinga.com/news/24/03/37960335/taiwan-semis-cutting-edge-3nm-chips-in-high-demand-apple-intel-and-amd-boost-orders">demand for advanced 3nm chips</a> from major clients like Apple, Intel, and AMD has been on the rise.
Read Next: <a href="https://www.benzinga.com/markets/equities/24/04/38023363/happy-48-apple-if-you-invested-1000-in-apple-when-it-went-public-heres-how-much-youd-have?itm_source=parsely-api" target="_blank" rel="noreferrer noopener">Happy 48, Apple: If You Invested $1000 In Apple When It Went Public, Here&#8217;s How Much You&#8217;d Have</a>
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As the day concludes, Analog Devices (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/ADI#NASDAQ">ADI</a>) is preparing to distribute a dividend payout of $0.92 per share, resulting in an annualized dividend yield of 1.95%. This payout is exclusive to investors who held the stock before the ex-dividend date on March 04, 2024.
<h3>Analog Devices Recent Dividend Payouts</h3>
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<thead>
<tr>
<th>Ex-Date</th>
<th style="text-align: right;">Payments per year</th>
<th>Dividend</th>
<th>Yield</th>
<th>Announced</th>
<th>Record</th>
<th>Payable</th>
</tr>
</thead>
<tbody>
<tr>
<td>2024-03-04</td>
<td style="text-align: right;">4</td>
<td>$0.92</td>
<td>1.95%</td>
<td>2024-02-20</td>
<td>2024-03-05</td>
<td>2024-03-15</td>
</tr>
<tr>
<td>2023-12-01</td>
<td style="text-align: right;">4</td>
<td>$0.86</td>
<td>1.87%</td>
<td>2023-11-21</td>
<td>2023-12-04</td>
<td>2023-12-14</td>
</tr>
<tr>
<td>2023-09-01</td>
<td style="text-align: right;">4</td>
<td>$0.86</td>
<td>1.95%</td>
<td>2023-08-23</td>
<td>2023-09-05</td>
<td>2023-09-14</td>
</tr>
<tr>
<td>2023-06-02</td>
<td style="text-align: right;">4</td>
<td>$0.86</td>
<td>1.83%</td>
<td>2023-05-24</td>
<td>2023-06-05</td>
<td>2023-06-14</td>
</tr>
<tr>
<td>2023-02-24</td>
<td style="text-align: right;">4</td>
<td>$0.86</td>
<td>1.91%</td>
<td>2023-02-14</td>
<td>2023-02-27</td>
<td>2023-03-08</td>
</tr>
<tr>
<td>2022-12-02</td>
<td style="text-align: right;">4</td>
<td>$0.76</td>
<td>1.91%</td>
<td>2022-11-22</td>
<td>2022-12-05</td>
<td>2022-12-15</td>
</tr>
<tr>
<td>2022-08-29</td>
<td style="text-align: right;">4</td>
<td>$0.76</td>
<td>1.7%</td>
<td>2022-08-17</td>
<td>2022-08-30</td>
<td>2022-09-08</td>
</tr>
<tr>
<td>2022-05-27</td>
<td style="text-align: right;">4</td>
<td>$0.76</td>
<td>1.86%</td>
<td>2022-05-18</td>
<td>2022-05-31</td>
<td>2022-06-09</td>
</tr>
<tr>
<td>2022-02-24</td>
<td style="text-align: right;">4</td>
<td>$0.76</td>
<td>1.97%</td>
<td>2022-02-15</td>
<td>2022-02-25</td>
<td>2022-03-08</td>
</tr>
<tr>
<td>2021-12-02</td>
<td style="text-align: right;">4</td>
<td>$0.69</td>
<td>1.49%</td>
<td>2021-11-23</td>
<td>2021-12-03</td>
<td>2021-12-14</td>
</tr>
<tr>
<td>2021-08-26</td>
<td style="text-align: right;">4</td>
<td>$0.69</td>
<td>1.66%</td>
<td>2021-08-18</td>
<td>2021-08-27</td>
<td>2021-09-08</td>
</tr>
<tr>
<td>2021-05-27</td>
<td style="text-align: right;">4</td>
<td>$0.69</td>
<td>1.89%</td>
<td>2021-05-19</td>
<td>2021-05-28</td>
<td>2021-06-08</td>
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Analog Devices's dividend yield falls in the middle range when compared to its industry peers, with United Microelectronics (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/UMC#NYSE">UMC</a>) having the highest annualized dividend yield at 7.00%.
<h3>Analyzing Analog Devices Financial Health</h3>
Companies that pay out steady cash dividends are attractive to income-seeking investors, and companies that are financially healthy tend to maintain their dividend payout schedule. For this reason, investors can find it insightful to see if a company has been increasing or decreasing their dividend payout schedule and if their earnings are growing. 
<h3>YoY Growth in Dividend Per Share</h3>
<img src="https://www.benzinga.com/files/images/story/2024/1710515113_0.png" alt="dividend chart graph" />
The company demonstrated a positive dividend growth pattern from 2020 to 2023, with the dividend per share rising from $2.48 to $3.44. This signifies the company's commitment to consistently increasing shareholder dividends.
<h3>YoY Earnings Growth For Analog Devices</h3>
<img src="https://www.benzinga.com/files/images/story/2024/1710515113_1.png" alt="earning chart graph" />
The earnings chart above shows that from 2020 to 2023, Analog Devices has experienced an increase in their earnings from $4.91 per share to $10.08 per share. This positive earnings trend is promising for income-seeking investors as it suggests that the company has more potential to increase its cash dividend payout if the trend continues.
<h3>Recap</h3>
This article delves into the recent dividend payout of Analog Devices and its implications for shareholders. Presently, the company is distributing a dividend of $0.92 per share, leading to an annualized dividend yield of 1.95%.
Analog Devices's dividend yield falls in the middle range when compared to its industry peers, with United Microelectronics having the highest annualized dividend yield at 7.00%.
The increase in both dividend per share and earnings per share from 2020 to 2023 for Analog Devices indicates a positive financial trend, suggesting their capacity to continue distributing profits to shareholders.
It is advisable for investors to monitor the company's performance in the coming quarters to stay in the loop about any adjustments in financials or dividend disbursements.
\To keep track of which companies are distributing dividends, <a href="https://www.benzinga.com/calendars/dividends">click here</a> to visit our Dividends Calendar. 
This article was generated by Benzinga's automated content engine and reviewed by an editor.

Dividends

Surpassing Expectations: Analog Devices Unleashes Growth Potential and Rewards Investors

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QCOM

Shares of semiconductor stocks are trading higher as the sector continues to gain amid AI momentum. Broadcom will report Q1 earnings after market close today. Additionally, some stocks in the sector may be gaining in anticipation of CHIPS act subsidies.

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Shares of semiconductor stocks are trading higher as the sector rebound after falling on Tuesday.

On Wednesday,&nbsp;United Microelectronics Corporation&nbsp;(NYSE:<a class="ticker" href="https://www.benzinga.com/stock/UMC#NYSE">UMC</a>) said its sales in&nbsp;<a target="_blank" href="https://www.benzinga.com/pressreleases/24/03/b37502882/umc-reports-sales-for-february-2024" rel="noreferrer noopener">February fell 3.07% Y/Y to NT$17.45 billion.</a>
Revenues for the period Jan-Feb fell 0.15% to NT$36.464 billion. Total revenues in February slumped <a href="https://www.benzinga.com/pressreleases/24/02/b36948243/umc-reports-sales-for-january-2024" target="_blank" rel="noreferrer noopener">8.2% from January revenues.</a>  
Quarter-over-quarter,&nbsp;UMC&nbsp;<a target="_blank" href="https://www.benzinga.com/calendars/guidance" rel="noreferrer noopener">expects first-quarter</a>&nbsp;wafer shipments to increase by approximately 2%-3% and&nbsp;<a target="_blank" href="https://www.benzinga.com/pressreleases/24/01/b36860934/umc-reports-fourth-quarter-2023-results" rel="noreferrer noopener">ASP in USD to decrease by 5%.&nbsp;</a>
UMC expects a 2024 capex of $3.3 billion. It expects capacity utilization in the low 60% range.
While reporting fourth-quarter results on January 31, Jason Wang, co-president of UMC, said, &#8220;Looking into the first quarter of 2024, we anticipate overall wafer demand will increase mildly, however, customers maintain a cautious approach in their inventory management.&#8221;
Last year, the company initiated the W2W (wafer-to-wafer) 3D IC project in collaboration with partners to help customers accelerate the&nbsp;<a target="_blank" href="https://www.benzinga.com/pressreleases/23/10/b35506308/umc-launches-w2w-3d-ic-project-with-partners-targeting-growth-in-edge-ai" rel="noreferrer noopener">production of their 3D products.</a>
Price Action:&nbsp;UMC shares closed lower by 1.29% to $7.64 on Tuesday.&nbsp;

Equities

United Microelectronics Faces Sales Drop: February Revenues Dip Over 3%

United Microelectronics Corporation (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/UMC#NYSE">UMC</a>, TWSE: 2303)))) (&quot;UMC&quot;), today reported unaudited net sales for the month of February 2024.
Revenues for February 2024
<table cellspacing="0">
<tbody>
<tr>
<td colspan="1" rowspan="1">
Period
</td>
<td colspan="1" rowspan="1">
2024
</td>
<td colspan="1" rowspan="1">
2023
</td>
<td colspan="1" rowspan="1">
Y/Y Change
</td>
<td colspan="1" rowspan="1">
Y/Y (%)
</td>
</tr>
<tr>
<td colspan="1" rowspan="1">
February
</td>
<td colspan="1" rowspan="1">
17,451,268
</td>
<td colspan="1" rowspan="1">
16,931,079
</td>
<td colspan="1" rowspan="1">
520,189
</td>
<td colspan="1" rowspan="1">
3.07%
</td>
</tr>
<tr>
<td colspan="1" rowspan="1">
Jan.-Feb.
</td>
<td colspan="1" rowspan="1">
36,464,965
</td>
<td colspan="1" rowspan="1">
36,520,594
</td>
<td colspan="1" rowspan="1">
-55,629
</td>
<td colspan="1" rowspan="1">
-0.15%
</td>
</tr>
</tbody>
</table>

United Microelectronics Corp Reported February 2024 Revenue of NT$17.45M, up by 3.07% YoY

<h3>What is a Value Stock?</h3>
A value stock is traditionally defined in terms of how investors in the marketplace are valuing that company's future growth prospects. Low P/E multiples are good base indicators that the company is undervalued and can most likely be labelled as a value stock. 
<h2>Benzinga Insights has compiled a list of value stocks in the technology sector that may be worth watching:</h2>
<ol>
<li>Canadian Solar (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/CSIQ#NASDAQ">CSIQ</a>) - P/E: 4.23</li>
<li>BOS Better Online Solns (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/BOSC#NASDAQ">BOSC</a>) - P/E: 7.72</li>
<li>United Microelectronics (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/UMC#NYSE">UMC</a>) - P/E: 8.66</li>
<li>Daktronics (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/DAKT#NASDAQ">DAKT</a>) - P/E: 8.4</li>
<li>Tower Semiconductor (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/TSEM#NASDAQ">TSEM</a>) - P/E: 7.21</li>
</ol>
Most recently, Canadian Solar reported earnings per share at $0.32, whereas in Q2 earnings per share sat at $2.39. Most recently, BOS Better Online Solns reported earnings per share at $0.05, whereas in Q2 earnings per share sat at $0.11. United Microelectronics's earnings per share for Q4 sits at $0.17, whereas in Q3, they were at 0.2. Most recently, the company reported a dividend yield of 2.28%, which has decreased by 3.06% from last quarter's yield of 5.34%.
Most recently, Daktronics reported earnings per share at $0.27, whereas in Q1 earnings per share sat at $0.42. Its most recent dividend yield is at 3.4%, which has increased by 0.02% from 3.38% in the previous quarter.
Tower Semiconductor's earnings per share for Q4 sits at $0.55, whereas in Q3, they were at 0.54. 
The Significance: A value stock may need some time to rebound from its undervalued position. The risk of investing in a value stock is that this emergence may never materialize.

BOSC

CSIQ

DAKT

TSEM

5 Value Stocks In The Technology Sector

Oppenheimer&nbsp;analyst Rick Schafer had a Perform rating on&nbsp;Intel Corp&nbsp;(NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/INTC#NASDAQ">INTC</a>).
The analyst noted Intel hosted Intel Foundry Direct Connect Wednesday, sharing details on&nbsp;<a target="_blank" href="https://www.benzinga.com/news/23/12/36240161/whats-going-on-with-intel-stock-thursday" rel="noreferrer noopener">management&#8217;s rebranding and</a>&nbsp;updates to the Foundry services roadmap.&nbsp;
CEO Pat Gelsinger highlighted two distinct business units, Intel Products, covering traditional product lines for clients, data center and networking, and Intel Foundry for internal/external fabrication services.&nbsp;
Also Read:&nbsp;<a target="_blank" href="https://www.benzinga.com/analyst-ratings/analyst-color/24/01/36766763/is-intel-a-sleeping-giant-or-stuck-in-neutral-analysts-latest-take-sheds-new-light" rel="noreferrer noopener">Is Intel A Sleeping Giant Or Stuck In Neutral? Analyst&#8217;s Latest Take Sheds New Light</a>
The analyst noted that Intel&#8217;s success as a contract manufacturer is mainly limited to advanced packaging, as the company has yet to succeed in delivering five nodes in four years.&nbsp;
Intel 4 is shipping in volume, and Intel 3 will likely enter volume production in the first half. Clearwater Forest, taped out on Intel 18A, is planned to launch in 2025.&nbsp;
Management announced Intel 14A (1.4nm) and other extensions to the foundry roadmap, the analyst noted. Extensions include backfilling existing nodes with new enhancements such as Intel 3-T and Intel 3 optimized with through-silicon vias for 3D packaging.&nbsp;
Intel is also expanding its presence in mature nodes with its 12nm partnership with&nbsp;United Microelectronics Corp&nbsp;(NYSE:<a class="ticker" href="https://www.benzinga.com/stock/UMC#NYSE">UMC</a>).&nbsp;
Intel highlighted foundry design wins with&nbsp;Microsoft Corp&nbsp;(NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/MSFT#NASDAQ">MSFT</a>) for 18A and x86-rival&nbsp;Arm Holdings Plc&nbsp;(NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/ARM#NASDAQ">ARM</a>) for SoCs.&nbsp;
U.S. Secretary of Commerce Gina Raimondo made a virtual appearance, stressing the need for a holistic on-shore semiconductor industry. However, the hoped-for announcement of CHIPS Act funding did not materialize.
Schafer recognized Intel&#8217;s efforts to achieve process leadership and foundry ambitions but believes the company remains in prove-it mode as multiyear turnaround efforts play out. He remained sidelined here.
Price Action:&nbsp;INTC shares traded lower by 0.57% at $43.22 on the last check Thursday.
Also Read: <a href="https://www.benzinga.com/news/24/02/37218349/whats-going-on-with-intel-stock-tuesday" target="_blank" rel="noreferrer noopener">Intel in Talks for Over $10B in US Chips Act Funds, Aiming to Fuel AI and Semiconductor Growth</a>
Photo courtesy: Shutterstock

Analyst Ratings

Trading Ideas

MSFT

Intel Outlines Future in Foundry and Process Leadership, Analyst Sees Steady Performance

The stock prices of two major chip companies, Taiwan Semiconductor Manufacturing Co (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/TSM#NYSE">TSM</a>) and ASML Holding NV (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/ASML#NASDAQ">ASML</a>), have taken a hit ahead of the Q4 earnings report of NVIDIA Corp (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/NVDA#NASDAQ">NVDA</a>).
What Happened: TSMC, the world&#8217;s leading producer of advanced processors, saw its shares fall nearly 1% on Wednesday morning in Taiwan. TSMC is responsible for manufacturing chips for companies like Nvidia and Apple. ASML, a Dutch semiconductor equipment manufacturer, experienced a 2.09% drop in its Nasdaq-listed shares on Tuesday.
Other Taiwanese semiconductor companies, such as United Microelectronics Corp (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/UMC#NYSE">UMC</a>) and MediaTek Inc (OTC:<a class="ticker" href="https://www.benzinga.com/stock/MDTTF#OTC">MDTTF</a>), also faced declines of 1.52% and 0.10%, respectively, on Wednesday.
Nvidia is set to release its Q4 earnings after the U.S. market closes on Wednesday. The market is keen to hear from Nvidia CEO Jensen Huang about the sustainability of the company&#8217;s significant growth.
See Also: <a href="https://www.benzinga.com/markets/cryptocurrency/24/02/37203181/dogecoin-killer-shiba-inu-daily-transactions-surge-to-2-4m-shib-only-1-8-off-from-erasing-?itm_source=parsely-api" target="_blank" rel="noreferrer noopener">&#8216;Dogecoin Killer&#8217; Shiba Inu Daily Transactions Surge To 2.4M, SHIB Only 1.8% Off From Erasing A Zero</a>
Nvidia&#8217;s shares have soared over 200% in the past year, driven by the surge in demand for its graphics processing units due to the AI boom.
Why It Matters: The upcoming earnings report from Nvidia could have significant implications for the stock market. A macro strategist at Academy Securities, Peter Tchir, warned that any disappointment in Nvidia&#8217;s earnings could <a href="https://www.benzinga.com/news/earnings/24/02/37229461/nvidias-earnings-could-trigger-a-10-stock-market-crash-warns-macro-strategist-im-wondering-whos-tur">result in a rapid 5% to 10% sell-off</a> in just a few days.
Despite the drop in Nvidia&#8217;s stock, CNBC&#8217;s Jim Cramer suggested that this could be an <a href="https://www.benzinga.com/news/earnings/24/02/37229119/jim-cramer-sees-nvidias-tuesday-stock-decline-as-potential-entry-point-for-new-investors-maybe-buy-">opportune moment for new investors</a> to enter the market. He advised, &#8220;I think you buy some if you don't own any,&#8221; and added, &#8220;Maybe buy some more tomorrow.&#8221;
Earlier in February, TSMC&#8217;s shares surged to an all-time high following a <a href="https://www.benzinga.com/markets/equities/24/02/37151354/key-apple-suppliers-stock-soars-to-all-time-high-fueled-by-ai-demand-and-nvidia-upgrade">significant price target increase</a> for Nvidia by Morgan Stanley. This move was attributed to the ongoing surge in demand for AI.
Read Next: <a href="https://www.benzinga.com/markets/cryptocurrency/24/02/37205018/edward-snowden-says-if-he-ever-claims-to-be-bitcoin-creator-satoshi-nakamoto-its-either-hi?itm_source=parsely-api" target="_blank" rel="noreferrer noopener">Edward Snowden Says If He Ever Claims To Be Bitcoin Creator Satoshi Nakamoto It&#8217;s Either Him Trolling Or A &#8216;Duress Code&#8217;</a>
Image Via Shutterstock

Asia

MDTTF

TSMC, ASML And Other Chip Stocks Slide As Market Anticipates Nvidia's Earnings Report Impact

AMBA

Shares of semiconductor companies are trading lower following weak guidance from Lattice Semiconductor. The overall tech sector is also lower following worse-than-expected US inflation data.

<h3>What is a Value Stock?</h3>
A value stock is traditionally defined in terms of how investors in the marketplace are valuing that company's future growth prospects. Low P/E multiples are good base indicators that the company is undervalued and can most likely be labelled as a value stock. 
<h2>Below is a list of notable value stocks in the technology sector:</h2>
<ol>
<li>Gen Digital (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/GEN#NASDAQ">GEN</a>) - P/E: 9.91</li>
<li>ClearOne (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/CLRO#NASDAQ">CLRO</a>) - P/E: 1.18</li>
<li>United Microelectronics (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/UMC#NYSE">UMC</a>) - P/E: 9.09</li>
<li>Wag Group (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/PET#NASDAQ">PET</a>) - P/E: 1.67</li>
<li>Daqo New Energy (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/DQ#NYSE">DQ</a>) - P/E: 2.27</li>
</ol>
Gen Digital saw an increase in earnings per share from 0.47 in Q2 to $0.49 now. The company's most recent dividend yield sits at 2.13%, which has decreased by 0.54% from 2.67% last quarter. 
ClearOne's earnings per share for Q3 sits at $-0.05, whereas in Q2, they were at -0.04. United Microelectronics's earnings per share for Q4 sits at $0.17, whereas in Q3, they were at 0.2. Its most recent dividend yield is at 2.28%, which has decreased by 3.06% from 5.34% in the previous quarter.
Wag Group's earnings per share for Q3 sits at $-0.06, whereas in Q2, they were at -0.1. This quarter, Daqo New Energy experienced a decrease in earnings per share, which was $1.75 in Q2 and is now $0.59. 
The Significance: A value stock may need some time to rebound from its undervalued position. The risk of investing in a value stock is that this emergence may never materialize.

CLRO

A Look Into Technology Sector Value Stocks

Revenues for January 2024
<table cellspacing="0">
<tbody>
<tr>
<td colspan="1" rowspan="1">
Period
</td>
<td colspan="1" rowspan="1">&nbsp;</td>
<td colspan="1" rowspan="1">
2024
</td>
<td colspan="1" rowspan="1">&nbsp;</td>
<td colspan="1" rowspan="1">
2023
</td>
<td colspan="1" rowspan="1">&nbsp;</td>
<td colspan="1" rowspan="1">
Y/Y Change
</td>
<td colspan="1" rowspan="1">&nbsp;</td>
<td colspan="1" rowspan="1">
Y/Y (%)
</td>
</tr>
<tr>
<td colspan="1" rowspan="1">
January
</td>
<td colspan="1" rowspan="1">&nbsp;</td>
<td colspan="1" rowspan="1">
19,013,697
</td>
<td colspan="1" rowspan="1">&nbsp;</td>
<td colspan="1" rowspan="1">
19,589,515
</td>
<td colspan="1" rowspan="1">&nbsp;</td>
<td colspan="1" rowspan="1">
-575,818
</td>
<td colspan="1" rowspan="1">&nbsp;</td>
<td colspan="1" rowspan="1">
-2.94%
</td>
</tr>
<tr>
<td colspan="1" rowspan="1">
Jan.-Jan.
</td>
<td colspan="1" rowspan="1">&nbsp;</td>
<td colspan="1" rowspan="1">
19,013,697
</td>
<td colspan="1" rowspan="1">&nbsp;</td>
<td colspan="1" rowspan="1">
19,589,515
</td>
<td colspan="1" rowspan="1">&nbsp;</td>
<td colspan="1" rowspan="1">
-575,818
</td>
<td colspan="1" rowspan="1">&nbsp;</td>
<td colspan="1" rowspan="1">
-2.94%
</td>
</tr>
</tbody>
</table>

United Microelectronics Reports Sales Decline Of 2.94% YoY For January 2024

United Microelectronics Corp&nbsp;(NYSE:<a class="ticker" href="https://www.benzinga.com/stock/UMC#NYSE">UMC</a>) reported a fourth-quarter FY23 revenue decline of 19.0% year-on-year to $1.79 billion (NT$54.96 billion), beating the&nbsp;<a target="_blank" href="https://www.benzinga.com/pressreleases/24/01/b36860934/umc-reports-fourth-quarter-2023-results" rel="noreferrer noopener">consensus of $1.70 billion</a>.&nbsp;
The revenue decreased by 3.7% Q/Q.
Earnings per ADS of $0.17 beat the&nbsp;<a target="_blank" href="https://www.benzinga.com/calendars/earnings" rel="noreferrer noopener">consensus of $0.15</a>.
Revenue from 22 and 28nm grew to 36% of the wafer revenue, while 40nm contributed 14% of sales.&nbsp;
The gross margin declined by 1,050 basis points to 32.4% due to lower utilization and weak demand across significant end markets.&nbsp;
Jason Wang, co-president of UMC, said, &#8220;As our Tainan 12A P6 facility continues to ramp, our 22/28nm represented 36% of our Q4 wafer revenue, reflecting record high in revenue as well as percentage of wafer sales.&#8221;
He added, &#8220;Looking into the first quarter of 2024, we anticipate overall wafer demand will increase mildly, however, customers maintain a cautious approach in their inventory management.&#8221;
Outlook: UMC <a href="https://www.benzinga.com/calendars/guidance" target="_blank" rel="noreferrer noopener">expects first-quarter</a> wafer shipments to increase by approximately 2%-3% and ASP in USD to decrease by 5%. 
It expects capacity utilization in the low 60% range.
UMC expects a 2024 capex of $3.3 billion.
Price Action: UMC shares are trading lower by 1.28% at $7.73 at publication Wednesday.

Guidance

UMC Co-President Wang Optimistic Despite Q4 Challenges, Expects Mild Wafer Demand Increase

<h3>Companies Reporting Before The Bell</h3>
&bull; Novartis (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/NVS#NYSE">NVS</a>) is likely to report quarterly earnings at $1.68 per share on revenue of $11.56 billion.
&bull; Novo Nordisk (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/NVO#NYSE">NVO</a>) is likely to report quarterly earnings at $0.65 per share on revenue of $8.82 billion.
&bull; Regis (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/RGS#NASDAQ">RGS</a>) is likely to report quarterly loss at $1.19 per share on revenue of $52.94 million.
&bull; Boeing (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/BA#NYSE">BA</a>) is projected to report quarterly loss at $0.74 per share on revenue of $21.12 billion.
&bull; Hess (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/HES#NYSE">HES</a>) is likely to report quarterly earnings at $1.47 per share on revenue of $2.60 billion.
&bull; Lennox Intl (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/LII#NYSE">LII</a>) is expected to report quarterly earnings at $3.48 per share on revenue of $1.14 billion.
&bull; Nasdaq (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/NDAQ#NASDAQ">NDAQ</a>) is estimated to report quarterly earnings at $0.70 per share on revenue of $1.03 billion.
&bull; Evercore (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/EVR#NYSE">EVR</a>) is expected to report quarterly earnings at $1.66 per share on revenue of $715.79 million.
&bull; Aptiv (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/APTV#NYSE">APTV</a>) is estimated to report quarterly earnings at $1.32 per share on revenue of $5.04 billion.
&bull; Brinker International (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/EAT#NYSE">EAT</a>) is expected to report quarterly earnings at $0.96 per share on revenue of $1.08 billion.
&bull; Cencora (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/COR#NYSE">COR</a>) is likely to report earnings for its first quarter.
&bull; CGI (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/GIB#NYSE">GIB</a>) is likely to report quarterly earnings at $1.36 per share on revenue of $2.68 billion.
&bull; Mastercard (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/MA#NYSE">MA</a>) is likely to report quarterly earnings at $3.08 per share on revenue of $6.48 billion.
&bull; Avnet (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/AVT#NASDAQ">AVT</a>) is likely to report quarterly earnings at $1.40 per share on revenue of $6.17 billion.
&bull; Hess Midstream (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/HESM#NYSE">HESM</a>) is projected to report quarterly earnings at $0.63 per share on revenue of $357.92 million.
&bull; M/I Homes (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/MHO#NYSE">MHO</a>) is estimated to report quarterly earnings at $4.94 per share on revenue of $1.19 billion.
&bull; Fortive (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/FTV#NYSE">FTV</a>) is estimated to report quarterly earnings at $0.94 per share on revenue of $1.56 billion.
&bull; Radcom (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/RDCM#NASDAQ">RDCM</a>) is projected to report quarterly earnings at $0.15 per share on revenue of $13.55 million.
&bull; Silicon Laboratories (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/SLAB#NASDAQ">SLAB</a>) is likely to report quarterly loss at $1.43 per share on revenue of $85.16 million.
&bull; Old Dominion Freight Line (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/ODFL#NASDAQ">ODFL</a>) is likely to report quarterly earnings at $2.85 per share on revenue of $1.50 billion.
&bull; Rockwell Automation (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/ROK#NYSE">ROK</a>) is projected to report quarterly earnings at $2.63 per share on revenue of $2.10 billion.
&bull; Automatic Data Processing (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/ADP#NASDAQ">ADP</a>) is projected to report quarterly earnings at $2.10 per share on revenue of $4.66 billion.
&bull; Silgan Hldgs (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/SLGN#NYSE">SLGN</a>) is projected to report quarterly earnings at $0.58 per share on revenue of $1.39 billion.
&bull; Columbus McKinnon (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/CMCO#NASDAQ">CMCO</a>) is projected to report quarterly earnings at $0.68 per share on revenue of $250.34 million.
&bull; Group 1 Automotive (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/GPI#NYSE">GPI</a>) is estimated to report quarterly earnings at $10.48 per share on revenue of $4.41 billion.
&bull; Thermo Fisher Scientific (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/TMO#NYSE">TMO</a>) is expected to report quarterly earnings at $5.64 per share on revenue of $10.73 billion.
&bull; GSK (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/GSK#NYSE">GSK</a>) is likely to report quarterly earnings at $0.75 per share on revenue of $9.61 billion.
&bull; Nomura Holdings (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/NMR#NYSE">NMR</a>) is projected to report earnings for its third quarter.
&bull; Extreme Networks (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/EXTR#NASDAQ">EXTR</a>) is expected to report quarterly earnings at $0.25 per share on revenue of $295.61 million.
&bull; New York Community (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/NYCB#NYSE">NYCB</a>) is expected to report quarterly earnings at $0.28 per share on revenue of $803.17 million.
&bull; Phillips 66 (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/PSX#NYSE">PSX</a>) is likely to report quarterly earnings at $2.34 per share on revenue of $36.29 billion.
&bull; Teva Pharmaceutical Indus (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/TEVA#NYSE">TEVA</a>) is projected to report quarterly earnings at $0.76 per share on revenue of $4.01 billion.
&bull; Roper Techs (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/ROP#NASDAQ">ROP</a>) is expected to report quarterly earnings at $4.34 per share on revenue of $1.58 billion.
&bull; Avery Dennison (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/AVY#NYSE">AVY</a>) is projected to report quarterly earnings at $2.16 per share on revenue of $2.09 billion.
&bull; MarketAxess Holdings (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/MKTX#NASDAQ">MKTX</a>) is projected to report quarterly earnings at $1.73 per share on revenue of $195.93 million.
&bull; Otis Worldwide (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/OTIS#NYSE">OTIS</a>) is estimated to report quarterly earnings at $0.86 per share on revenue of $3.57 billion.
&bull; Navient (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/NAVI#NASDAQ">NAVI</a>) is likely to report quarterly earnings at $0.75 per share on revenue of $201.17 million.
&bull; Central Pacific Financial (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/CPF#NYSE">CPF</a>) is estimated to report quarterly earnings at $0.48 per share on revenue of $50.78 million.
&bull; Boston Scientific (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/BSX#NYSE">BSX</a>) is estimated to report quarterly earnings at $0.51 per share on revenue of $3.59 billion.
&bull; Banco Santander (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/SAN#NYSE">SAN</a>) is estimated to report earnings for its fourth quarter.
&bull; United Microelectronics (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/UMC#NYSE">UMC</a>) is likely to report quarterly earnings at $0.15 per share on revenue of $1.70 billion.
<h3>Companies Reporting After The Bell</h3>
&bull; Keysight Techs (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/KEYS#NYSE">KEYS</a>) is projected to report earnings for its first quarter.
&bull; EZCORP (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/EZPW#NASDAQ">EZPW</a>) is estimated to report quarterly earnings at $0.29 per share on revenue of $296.28 million.
&bull; Markel Group (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/MKL#NYSE">MKL</a>) is estimated to report quarterly earnings at $21.36 per share on revenue of $3.76 billion.
&bull; John B Sanfilippo &amp; Son (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/JBSS#NASDAQ">JBSS</a>) is estimated to report earnings for its second quarter.
&bull; Unifi (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/UFI#NYSE">UFI</a>) is likely to report quarterly loss at $0.85 per share on revenue of $135.57 million.
&bull; Credit Acceptance (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/CACC#NASDAQ">CACC</a>) is expected to report quarterly earnings at $5.99 per share on revenue of $460.96 million.
&bull; SEI Inv (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/SEIC#NASDAQ">SEIC</a>) is projected to report quarterly earnings at $0.92 per share on revenue of $479.93 million.
&bull; Good Times Restaurants (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/GTIM#NASDAQ">GTIM</a>) is estimated to report earnings for its first quarter.
&bull; Selective Insurance Gr (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/SIGI#NASDAQ">SIGI</a>) is estimated to report quarterly earnings at $1.94 per share on revenue of $958.13 million.
&bull; Hanover Insurance Gr (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/THG#NYSE">THG</a>) is expected to report quarterly earnings at $2.73 per share on revenue of $1.41 billion.
&bull; Brandywine Realty Tr (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/BDN#NYSE">BDN</a>) is estimated to report quarterly loss at $0.07 per share on revenue of $135.47 million.
&bull; DLH Hldgs (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/DLHC#NASDAQ">DLHC</a>) is likely to report quarterly earnings at $0.12 per share on revenue of $101.00 million.
&bull; AvalonBay Communities (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/AVB#NYSE">AVB</a>) is estimated to report quarterly earnings at $1.34 per share on revenue of $701.24 million.
&bull; Boot Barn Holdings (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/BOOT#NYSE">BOOT</a>) is likely to report quarterly earnings at $1.77 per share on revenue of $521.22 million.
&bull; C.H. Robinson Worldwide (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/CHRW#NASDAQ">CHRW</a>) is projected to report quarterly earnings at $0.81 per share on revenue of $4.34 billion.
&bull; 8x8 (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/EGHT#NASDAQ">EGHT</a>) is estimated to report quarterly earnings at $0.10 per share on revenue of $183.49 million.
&bull; Axis Capital Holdings (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/AXS#NYSE">AXS</a>) is estimated to report quarterly earnings at $1.08 per share on revenue of $1.23 billion.
&bull; Hawkins (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/HWKN#NASDAQ">HWKN</a>) is projected to report quarterly earnings at $0.61 per share on revenue of $221.24 million.
&bull; Accuray (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/ARAY#NASDAQ">ARAY</a>) is projected to report quarterly loss at $0.05 per share on revenue of $106.67 million.
&bull; Wolfspeed (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/WOLF#NYSE">WOLF</a>) is likely to report quarterly loss at $0.66 per share on revenue of $206.25 million.
&bull; Kulicke &amp; Soffa Indus (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/KLIC#NASDAQ">KLIC</a>) is projected to report quarterly earnings at $0.26 per share on revenue of $172.01 million.
&bull; MaxLinear (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/MXL#NASDAQ">MXL</a>) is expected to report quarterly earnings at $0.01 per share on revenue of $125.11 million.
&bull; Flex (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/FLEX#NASDAQ">FLEX</a>) is likely to report quarterly earnings at $0.61 per share on revenue of $6.73 billion.
&bull; Aflac (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/AFL#NYSE">AFL</a>) is likely to report quarterly earnings at $1.45 per share on revenue of $4.40 billion.
&bull; Century Communities (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/CCS#NYSE">CCS</a>) is expected to report quarterly earnings at $2.28 per share on revenue of $896.79 million.
&bull; Digi Intl (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/DGII#NASDAQ">DGII</a>) is expected to report quarterly earnings at $0.44 per share on revenue of $105.61 million.
&bull; Qualcomm (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/QCOM#NASDAQ">QCOM</a>) is estimated to report quarterly earnings at $2.37 per share on revenue of $9.51 billion.
&bull; BrightView Hldgs (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/BV#NYSE">BV</a>) is likely to report quarterly earnings at $0.04 per share on revenue of $645.09 million.
&bull; Qorvo (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/QRVO#NASDAQ">QRVO</a>) is projected to report quarterly earnings at $1.66 per share on revenue of $1.00 billion.
&bull; UGI (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/UGI#NYSE">UGI</a>) is estimated to report quarterly earnings at $1.05 per share on revenue of $2.67 billion.
&bull; MagnaChip Semiconductor (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/MX#NYSE">MX</a>) is likely to report quarterly loss at $0.26 per share on revenue of $52.47 million.
&bull; Core Laboratories (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/CLB#NYSE">CLB</a>) is likely to report quarterly earnings at $0.19 per share on revenue of $127.92 million.
&bull; Meritage Homes (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/MTH#NYSE">MTH</a>) is likely to report quarterly earnings at $5.17 per share on revenue of $1.53 billion.
&bull; Corteva (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/CTVA#NYSE">CTVA</a>) is projected to report quarterly earnings at $0.06 per share on revenue of $3.62 billion.
&bull; MetLife (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/MET#NYSE">MET</a>) is expected to report quarterly earnings at $1.90 per share on revenue of $18.46 billion.
&bull; Landstar System (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/LSTR#NASDAQ">LSTR</a>) is expected to report quarterly earnings at $1.62 per share on revenue of $1.24 billion.
&bull; Rayonier (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/RYN#NYSE">RYN</a>) is projected to report quarterly earnings at $0.15 per share on revenue of $229.75 million.
&bull; MGIC Investment (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/MTG#NYSE">MTG</a>) is expected to report quarterly earnings at $0.57 per share on revenue of $292.72 million.
&bull; NEXTracker (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/NXT#NASDAQ">NXT</a>) is estimated to report quarterly earnings at $0.48 per share on revenue of $619.23 million.
&bull; Conmed (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/CNMD#NYSE">CNMD</a>) is estimated to report quarterly earnings at $1.11 per share on revenue of $332.20 million.
&bull; Landmark Bancorp (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/LARK#NASDAQ">LARK</a>) is likely to report earnings for its fourth quarter.
&bull; PTC (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/PTC#NASDAQ">PTC</a>) is expected to report quarterly earnings at $0.96 per share on revenue of $538.63 million.
&bull; Align Tech (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/ALGN#NASDAQ">ALGN</a>) is expected to report quarterly earnings at $2.16 per share on revenue of $931.35 million.
&bull; Vista Outdoor (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/VSTO#NYSE">VSTO</a>) is estimated to report quarterly earnings at $0.81 per share on revenue of $687.67 million.
&bull; Tetra Tech (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/TTEK#NASDAQ">TTEK</a>) is likely to report quarterly earnings at $1.34 per share on revenue of $990.66 million.
&bull; Benchmark Electronics (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/BHE#NYSE">BHE</a>) is projected to report quarterly earnings at $0.56 per share on revenue of $707.50 million.
&bull; NewMarket (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/NEU#NYSE">NEU</a>) is likely to report earnings for its fourth quarter.
&bull; Cimpress (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/CMPR#NASDAQ">CMPR</a>) is expected to report quarterly earnings at $1.24 per share on revenue of $892.10 million.
This article was generated by Benzinga&#39;s automated content engine and reviewed by an editor.

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Earnings Scheduled For January 31, 2024

United Microelectronics (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/UMC#NYSE">UMC</a>) reported its Q4 earnings results on Wednesday, January 31, 2024 at 03:33 AM.
Here's what investors need to know about the announcement.
<h3>Earnings</h3>
United Microelectronics beat estimated earnings by 15.33%, reporting an EPS of $0.173 versus an estimate of $0.15.
Revenue was down $420.00 million from the same period last year.
<h3>Past Earnings Performance</h3>
Last quarter the company beat on EPS by $0.03 which was followed by a 0.28% drop in the share price the next day.
Here's a look at United Microelectronics's past performance:

<table>
<thead>
<tr>
<th>Quarter</th>
<th>Q3 2023</th>
<th>Q2 2023</th>
<th>Q1 2023</th>
<th>Q4 2022</th>
</tr>
</thead>
<tbody>
<tr>
<td>EPS Estimate</td>
<td>0.17</td>
<td>0.150</td>
<td>0.160</td>
<td>0.250</td>
</tr>
<tr>
<td>EPS Actual</td>
<td>0.20</td>
<td>0.204</td>
<td>0.215</td>
<td>0.251</td>
</tr>
<tr>
<td>Revenue Estimate</td>
<td>1.75B</td>
<td>1.78B</td>
<td>1.78B</td>
<td>2.15B</td>
</tr>
<tr>
<td>Revenue Actual</td>
<td>1.77B</td>
<td>1.81B</td>
<td>1.78B</td>
<td>2.21B</td>
</tr>
</tbody>
</table>

To track all earnings releases for United Microelectronics <a href="https://www.benzinga.com/quote/UMC/earnings">visit their earnings calendar here.</a> 
This article was generated by Benzinga's automated content engine and reviewed by an editor.

United Microelectronics: Q4 Earnings Insights

The chip industry is poised for sustained growth due to the increasing demand for chips amid consistently expanding applications. Therefore, semiconductor stocks Trio-Tech International (TRT), ASE Technology (ASX), and United Microelectronics (UMC), which demonstrate a solid performance, could be worth buying now. Read more… The semiconductor industry is set for significant expansion thanks to heightened chip utilization in cutting-edge technologies, automotive, and healthcare domains. Artificial intelligence (AI), the Internet of Things (IoT), and 5G networks all need specialized chips.
Given this backdrop, chip stocks Trio-Tech International (<a href="https://stocknews.com/stock/TRT/">TRT</a>), ASE Technology Holding Co., Ltd. (<a href="https://stocknews.com/stock/ASX/">ASX</a>), and United Microelectronics Corporation (<a href="https://stocknews.com/stock/UMC/">UMC</a>), which are showing strength in the market, could be worth investing in.
The global semiconductor market began the year strong, witnessing a 15.2% year-over-year increase in worldwide sales, totaling <a href="https://www.semiconductors.org/global-semiconductor-sales-increase-15-2-year-to-year-in-january/">$47.60 billion in January</a>. The Semiconductor Industry Association (SIA) predicts a 13.1% growth in global chip sales for 2024, reaching $595.3 billion, driven by increasing demand for artificial intelligence (AI) and automotive chips.
According to Gartner, global semiconductor revenue is projected to grow by 16.8% in 2024, reaching <a href="https://www.gartner.com/en/newsroom/press-releases/2023-12-04-gartner-forecasts-worldwide-semiconductor-revenue-to-grow-17-percent-in-2024">$624 billion</a>, with the worldwide memory market expected to experience double-digit growth.
Notably, the increasing demand for AI-powered devices and applications across various industries is driving the growth of the artificial intelligence chip industry. The global artificial intelligence chip market is predicted to reach $372.01 billion by 2032, exhibiting a <a href="https://www.thebrainyinsights.com/report/artificial-intelligence-chip-market-13921">38.2% CAGR</a>.
Investors' interest in chip stocks is evident from the VanEck Vectors Semiconductor ETF's (<a href="https://stocknews.com/stock/SMH/">SMH</a>) 78.4% returns over the past year.
Considering these conducive trends, let's analyze the fundamentals of the three <a href="https://stocknews.com/category/semiconductor-wireless-chip/%22">Semiconductor &amp; Wireless Chip</a> picks, beginning with the third choice.
Stock #3: Trio-Tech International (<a href="https://stocknews.com/stock/TRT/">TRT</a>)
TRT and its subsidiaries offer the semiconductor industry manufacturing, testing, and distribution services. The company operates through four segments: Manufacturing, Testing Services, Distribution, and Real Estate.
In terms of the trailing-12-month <a href="https://www.investopedia.com/terms/e/ebitda-margin.asp">EBITDA margin</a>, TRT's 15.81% is 73.5% higher than the 9.11% industry average. Its 16.66% trailing-12-month levered FCF margin is 80.3% higher than the 9.24% industry average. Likewise, the stock's 0.89x trailing-12-month asset turnover ratio is 45.2% higher than the 0.61x industry average.
For the fiscal second quarter that ended December 31, 2023, TRT's revenues came in at $12.20 million. Likewise, the company's net income attributable to TRT and EPS came in at $507 thousand and $0.12, respectively. In addition, as of December 31, 2023, the company's cash and cash equivalents stood at $10.97 million, compared to $7.58 million as of June 30, 2023.
Over the past year, TRT's stock has gained 36.4% to close the last trading session at $6.29. This compares to the SPDR S&amp;P 500 ETF Trust's (<a href="https://stocknews.com/stock/SPY/">SPY</a>) 31.7% returns over the same time frame.
TRT's <a href="https://stocknews.com/powr-ratings/">POWR Ratings</a> reflect strong prospects. Its overall rating is B, which translates to a Buy in our proprietary rating system. The POWR Ratings assess stocks by 118 different factors, each with its own weighting.
It has an A grade for Value and Momentum and a B for Sentiment. It is ranked #15 out of 91 stocks in the <a href="https://stocknews.com/category/semiconductor-wireless-chip/">Semiconductor &amp; Wireless Chip</a> industry. We rate TRT on eight different levels. In addition to what we stated above, we have also given TRT grades for Growth, Stability, and Quality. Get all the TRT ratings <a href="https://stocknews.com/stock/TRT/">here</a>.
Stock #2: ASE Technology Holding Co., Ltd. (<a href="https://stocknews.com/stock/ASX/">ASX</a>)
Headquartered in Kaohsiung, Taiwan, ASX, and its subsidiaries provide semiconductor packaging, testing, and electronic manufacturing services in the United States, Taiwan, Asia, Europe, and internationally.
In terms of the trailing-12-month net income margin, ASX's 5.45% is 107.5% higher than the 2.63% industry average. Likewise, its 4.76% trailing-12-month Return on Total Assets is 274% higher than the industry average of 1.27%. Its 10.59% trailing-12-month Return on Common Equity is 256.9% higher than the industry average of 2.97%.
ASX's total net revenues for the fiscal fourth quarter that ended December 31, 2023, increased 4.2% year-over-year to NT$160.58 billion ($5.04 billion). The company's operating income grew 3.6% year-over-year to NT$11.81 billion ($370.36 million). Its net income attributable to ASX and EPS came in at NT$9.39 billion (294.47 million) and NT$2.13, up 7% and 6.5% over the prior-year quarter, respectively.
Street expects ASX's EPS for the quarter ending March 31, 2024, to increase 11.4% year-over-year to $0.10. Its revenue for the quarter ending June 30, 2024, is expected to increase 1.1% year-over-year to $4.40 billion. It surpassed the Street EPS estimates in three of the trailing four quarters. Over the past six months, the stock has gained 47.7% (versus the SPY's 20.6%) to close the last trading session at $11.12.
ASX's POWR Ratings reflect a favorable outlook. It has an overall rating of B, which translates to a Buy in our proprietary rating system.
It has a B grade for Value and Momentum and is ranked #12 in the same industry. To see ASX's Growth, Stability, Sentiment, and Quality ratings, <a href="https://stocknews.com/stock/ASX/">click here</a>.
Stock #1: United Microelectronics Corporation (<a href="https://stocknews.com/stock/UMC/">UMC</a>)
Headquartered in Hsinchu City, Taiwan, UMC operates as a semiconductor wafer foundry in Taiwan, Singapore, China, Hong Kong, Japan, the United States, Europe, and internationally. The company provides circuit design, mask tooling, wafer fabrication, and assembly and testing services. It serves fabless design companies and integrated device manufacturers.
On January 25, 2024, UMC and Intel announced a collaboration to develop a 12-nanometer process platform, which will expand capacity and global supply chain resilience for high-growth markets.
UMC's Jason Wang, Co-President, predicted that the collaboration with Intel on the 12 nm process would accelerate their development roadmap, broaden their market reach, and leverage the strengths of both companies for customer benefit.
In terms of the trailing-12-month Capex/Sales margin, UMC's 41.11% is significantly higher than the 2.32% industry average. Its 29.41% trailing-12-month net income margin is 943.3% higher than the 2.63% industry average. Likewise, its 17.57% trailing-12-month Return on Common Equity is 492.1% higher than the industry average of 2.97%.
For the fiscal fourth quarter that ended December 31, 2023, UMC's operating revenues and gross profit stood at $1.79 billion and $580 million, respectively. For the same quarter, net income attributable to shareholders of the parent and earnings per ADS stood at $430 million and $0.17, respectively.
Analysts expect UMC's EPS and revenue for the quarter ending September 30, 2024, to increase 2.4% and 11.5% year-over-year to $0.20 and $1.96 billion, respectively. It surpassed the consensus EPS estimates in each of the trailing three quarters. Over the past six months, the stock has gained 13% to close the last trading session at $7.99.
It's no surprise that UMC has an overall rating of B, which translates to a Buy in our proprietary POWR Ratings system.
It is ranked #11 in the Semiconductor &amp; Wireless Chip industry. It has a B grade for Value, Momentum, and Quality. <a href="https://stocknews.com/stock/UMC/">Click here</a> to see UMC's Growth, Stability, and Sentiment ratings.
What To Do Next?
Discover 10 widely held stocks that our proprietary model shows have tremendous downside potential. Please make sure none of these "death trap" stocks are lurking in your portfolio:
<a href="https://report.stocknews.com/free-report/10-stocks-to-sell/?formplacement=artbotad_10sell">10 Stocks to SELL NOW! &gt;</a>

<hr />
TRT shares were trading at $6.36 per share on Tuesday afternoon, up $0.07 (+1.11%). Year-to-date, TRT has gained 25.44%, versus a 9.99% rise in the benchmark S&amp;P 500 index during the same period.
<hr><div style="clear:both;"></div> <h2>About the Author: Abhishek Bhuyan</h2> <img src='https:/wp-content/uploads/2023/07/ABhuyan.jpg' style="float:left; padding:5px;width:125px;">Abhishek embarked on his professional journey as a financial journalist due to his keen interest in discerning the fundamental factors that influence the future performance of financial instruments.<a href="https://stocknews.com/authors/?author=abhishek-bhuyan">More...</a>The post <a href=https://stocknews.com/news/trt-asx-umc-3-chip-stocks-to-buy-with-strong-market-performance/>3 Chip Stocks to Buy With Strong Market Performance</a> appeared first on <a href=https://stocknews.com/>StockNews.com</a>

3 Chip Stocks to Buy With Strong Market Performance

United Microelectronics Corp (UMC) stock is lower by 0.74% over the past week and gets a Neutral rating from InvestorsObserver Sentiment Indicator. United Microelectronics Corp has a Neutral sentiment reading. Find out what this means for you and get the rest of the rankings on UMC!See Full UMC ReportWhat is Stock Sentimen

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United Microelectronics March revenue grew 2.7% to NT$18.17B

United Microelectronics: The Worst Seems To Have Passed, Good Time To Jump Back In

United Microelectronics (UMC) has released an update. United Microelectronics has announced a strategic disposal of its subsidiary, UnitedDS Semico...

UMC Strategizes with Disposal and Acquisition

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Press Releases

UMC Launches W2W 3D IC Project with Partners, Targeting Growth in Edge AI

UMC Reports Sales for October 2023

UMC Reports Sales for November 2023

UMC Recognized for ESG Strength With DJSI World & Emerging Markets Index and MSCI-ESG AA Rating

UMC Reports Sales for December 2023

Intel and UMC Announce New Foundry Collaboration

UMC Reports Fourth Quarter 2023 Results

UMC Reports Sales for January 2024

UMC Reports Sales for February 2024

UMC Reports Sales for March 2024

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