Umc stock price touched $8

UMC stock price touched $8.56 after upbeat industry demand forecasts were released. This aligns with expectations for steady shipment volumes across consumer and industrial electronics markets. For Q1 2025, revenue stood at $1.76 billion, flat year-over-year but down 5.79% sequentially, impacted by a one-time price adjustment and a Chinese New Year earthquake. Gross margin came in at 26.7%, with net income at $241.18 million. Despite near-term headwinds, wafer shipments grew 12% YoY, lifting Q1 revenue by 5.9% compared to last year. Value investors analyze a variety of traditional, tried-and-true metrics to help find companies that they believe are undervalued at their current share price levels. UMC stock price retraced to $8.44 following profit-taking after a four-day rally. Chartists note that momentum indicators are still positive, suggesting dips could be short-lived.