UMC rises 16.4% » 10:0011/2311/23/20
UMC is up 16.4%, or 95c…
UMC is up 16.4%, or 95c to $6.73.
|Over a week ago|
UMC enters plea agreement with DOJ, to pay $60M fine for stolen trade secret » 05:3010/2910/29/20
UMC (UMC) pleaded guilty…
UMC (UMC) pleaded guilty to one count of receiving and possessing a stolen trade secret, and agreed to pay a fine of $60M. UMC's plea and plea agreement resolve a 2018 trade secrets case brought against UMC by the U.S. Department of Justice, or DOJ, in November 2018. As part of the plea agreement, DOJ agreed to dismiss the original indictment against UMC, including allegations of conspiracy to commit economic espionage and conspiracy to steal multiple trade secrets from Micron Technology (MU), patent-related allegations, and alleged damages and penalties of $400M to $8.75B. The one trade secret at issue in the guilty plea and plea agreement related to older technology that had been in mass production worldwide for several years. DOJ also dismissed a related civil case against UMC. Aside from the fine amount, UMC has no further financial obligations to DOJ. The plea agreement also provides that UMC will cooperate with DOJ and will be subject to a three-year term of non-supervised probation.
|Over a month ago|
UMC upgraded to Outperform from Neutral at Credit Suisse » 05:2810/1210/12/20
Credit Suisse analyst…
Credit Suisse analyst Randy Abrams upgraded UMC to Outperform from Neutral with a NT$40 price target.
UMC rises 10.3% » 10:0010/0810/08/20
UMC is up 10.3%, or 54c…
UMC is up 10.3%, or 54c to $5.77.
UMC rises 13.5% » 10:0009/2809/28/20
UMC is up 13.5%, or 57c…
UMC is up 13.5%, or 57c to $4.80.
UMC upgraded to Buy from Hold at HSBC » 13:4409/1409/14/20
HSBC analyst Angus Lin…
HSBC analyst Angus Lin upgraded UMC to Buy from Hold with a $5.09 price target.
UMC upgraded to Neutral from Underweight at JPMorgan » 09:3209/0909/09/20
JPMorgan analyst Gokul…
JPMorgan analyst Gokul Hariharan upgraded UMC to Neutral from Underweight with a NT$25 price target.
|Over a quarter ago|
UMC upgraded to Buy from Neutral at Goldman Sachs » 13:3508/0208/02/20
Goldman Sachs analyst…
Goldman Sachs analyst Bruce Lu upgraded UMC to Buy from Neutral with a $5.30 price target. The analyst expects faster margin and return on equity expansion with UMC's 12-inch capacity remaining at elevated levels and its ongoing cost reduction efforts. Lu thinks the company will deliver 43.8% annual earnings growth through 2022.
UMC upgraded to Outperform from Neutral at Macquarie » 19:4807/2907/29/20
Macquarie analyst Patrick…
Macquarie analyst Patrick Liao upgraded UMC to Outperform from Neutral with a NT$26 price target.
UMC rises 17.9% » 10:0007/2707/27/20
UMC is up 17.9%, or 60c…
UMC is up 17.9%, or 60c to $3.94.