Here’s how United Microelectronics (NYSE:UMC) performed in Q4 2022

Highlights

• On February 6, 2023, United Microelectronics reported unaudited net sales figures for January.
• In Q4 2022, the consolidated revenue of the company was NT$ 67.84 billion.
• The UMC stock price surged by 20.68 per cent year-to-date (YTD).

United Microelectronics (NYSE: UMC), which was founded in 1980, is one of the largest dedicated chip foundries in the world. UMC has its headquarters in Hsinchu, Taiwan, and runs 12 fabrication facilities there as well as in Mainland China, Japan, and Singapore.

According to the TMX website, United Microelectronics also has sales offices in South Korea, Europe, and the United States. Texas Instruments, Broadcom, and Realtek are some of the diverse companies that UMC serves as clients.

Also, the company offers a wide range of devices used in communications, displays, memory, automobiles, and other industries. At UMC, there are roughly 20,000 workers.

What's the latest news of UMC?

On February 6, 2023, United Microelectronics reported unaudited net sales figures for January. According to the company's statement, sales in January 2023 amounted NT$ 19,589,515, down by 4.3 per cent year-over-year (YoY). In January 2022, the net sales were NT$ 20,472,766.

Key things to know about UMC

As of writing, the market capitalization of the UMC stock was US$ 20.28 billion. Meanwhile, the earnings per share (EPS) and price-to-equity (P/E) ratio stood at 0.07 and 7.4, respectively.

The company paid an annual dividend of US$ 0.517 and holds a dividend yield of 6.37 per cent.

Latest earnings of UMC

In Q4 2022, the consolidated revenue of the company was NT$ 67.84 billion, representing a decrease of 10 per cent quarter-over-quarter (QoQ). In Q3 2022, the consolidated revenue stood at NT$ 75.39 billion.

On a YoY basis, in Q4 2022, the revenue grew 14.8 per cent to NT$ 67.8 million from NT$ 59.1 billion in the previous corresponding period (PCP).

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For the full year, operating revenues of United Microelectronics were NT$ 278.7 million, up 30.8 per cent YoY. The gross profit of the company came in at NT$ 125.76 million as compared to NT$ 72.05 million PCP.

Notably, the operating income of the company was NT$ 104.29 million compared to NT$ 51.68 million in PCP.

Bottom line

At the end of the trading session on Thursday, February 16, the UMC share price was down by 1.57 per cent and ended the day at US$ 8.11 per share.

The UMC stock price surged by 20.68 per cent year-to-date (YTD) and was down by 0.25 per cent in the last 30 days.