Alert: Negative Fundamental Signals (5/13/24)-United Microelectronics Corp (NYSE: UMC)

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Recent exceptional negative changes in fundamentals have affected United Microelectronics Corp (NYSE: UMC): the stock’s power rating fell below 50, significant quarterly earnings deceleration occurred, the consensus estimate for December, 2025 decreased significantly, and significant quarterly sales deceleration occurred.

In light of these highly negative signals we are reviewing our current Overall Rating of C. We would view the shares with caution pending completion of this review in the next several days.

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Current PriceTarget Research Rating

With future capital returns forecasted to exceed the cost of capital, UMC is expected to continue to be a modest Value Builder.

United Microelectronics has a current Value Trend Rating of C (Neutral). The Value Trend Rating reflects consistent signals from PTR’s two proprietary measures of a stock’s attractiveness. United Microelectronics has a slightly positive Appreciation Score of 61 and a neutral Power Rating of 46, resulting in the Neutral Value Trend Rating.

Recent Price Action

On 5/13/24, United Microelectronics Corp (NYSE: UMC) stock rose modestly by 0.4%, closing at $8.09. However, this advance was accompanied by exceptionally low trading volume at 30% of normal. Relative to the market the stock has been strong over the last nine months but has declined -0.7% during the last week.

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