Alert: Rating Downgrade (10/11/24)-United Microelectronics Corp (NYSE: UMC).

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Stock Rating Downgrade

The Value Trend Rating for United Microelectronics Corp (NYSE: UMC) weakened recently from B to C reflecting eroding fundamentals and low Appreciation Potential. Details supporting this lower rating are included in our next report.

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Recent Price Action

United Microelectronics Corp (NYSE: UMC) stock rose modestly by 0.6% on 10/11/24. The stock closed at $8.09. However, exceptionally low trading volume at 43% of normal accompanied the advance. The stock has been strong relative to the market over the last nine months but has declined -2.4% during the last week.

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). This rating combines consistent signals from two proprietary PTR measures of a stock’s attractiveness. United Microelectronics has a neutral Power Rating of 51 and a slightly positive Appreciation Score of 65, with the Neutral Value Trend Rating the result.

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