Latest news with #BruceLu
Yahoo
23-05-2025
- Business
- Yahoo
UMC downgraded to Sell from Neutral at Goldman Sachs
Goldman Sachs analyst Bruce Lu downgraded UMC (UMC) to Sell from Neutral with a price target of NT$40.50, down from NT$44.50 as part of a broader research note citing 'heightened' appreciation of Taiwan currency vs. US Dollar. The currency mismatch, where UMC's revenues are highly USD-denominated and the majority of its operating costs are based in TWD, will directly erode the company's profitability, the analyst tells investors in a research note. The firm further cites the headwinds of intensifying competition from mainland Chinese peers still remaining as the key downside risk to the company, along with the increasing depreciation, rising costs, and unfavorable FX trend. Easily unpack a company's performance with TipRanks' new KPI Data for smart investment decisions Receive undervalued, market resilient stocks right to your inbox with TipRanks' Smart Value Newsletter Published first on TheFly – the ultimate source for real-time, market-moving breaking financial news. Try Now>> See today's best-performing stocks on TipRanks >> Read More on UMC: Disclaimer & DisclosureReport an Issue United Microelectronics to Engage Investors at May Conferences United Microelectronics Reports Capital Reduction and April Sales Growth UMC reports April revenue NT$20.45M, up 3.61% Largest borrow rate increases among liquid names United Microelectronics Announces Financial Statement Discrepancies for 2024 Error in retrieving data Sign in to access your portfolio Error in retrieving data Error in retrieving data Error in retrieving data Error in retrieving data
Business Insider
23-05-2025
- Business
- Business Insider
UMC downgraded to Sell from Neutral at Goldman Sachs
Goldman Sachs analyst Bruce Lu downgraded UMC (UMC) to Sell from Neutral with a price target of NT$40.50, down from NT$44.50 as part of a broader research note citing 'heightened' appreciation of Taiwan currency vs. US Dollar. The currency mismatch, where UMC's revenues are highly USD-denominated and the majority of its operating costs are based in TWD, will directly erode the company's profitability, the analyst tells investors in a research note. The firm further cites the headwinds of intensifying competition from mainland Chinese peers still remaining as the key downside risk to the company, along with the increasing depreciation, rising costs, and unfavorable FX trend. Confident Investing Starts Here:
