United Microelectronics Corporation [UMC] Is Currently -3.73 below its 200 Period Moving Avg: What Dose This Mean?

United Microelectronics Corporation [NYSE: UMC] stock went on a downward path that fall over -3.73% on Monday, amounting to a one-week price decrease of less than -14.66%. The company report on April 29, 2021 that UMC Files Form 20-F for 2020 with US Securities and Exchange Commission.

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United Microelectronics Corporation (NYSE: UMC; TWSE: 2303) (“UMC”), filed its 2020 annual report on Form 20-F with the US Securities and Exchange Commission. The report is available at https://www.umc.com/en/Download/annual_reports.


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Shareholders may request a hard copy of the Form 20-F free of charge. Please contact UMC-IR at ir@umc.com.

Over the last 12 months, UMC stock rose by 293.00%. The one-year United Microelectronics Corporation stock forecast points to a potential downside of -6.23. The average equity rating for UMC stock is currently 2.00, trading closer to a bullish pattern in the stock market.

The market cap for the stock reached $24.34 billion, with 2.55 billion shares outstanding and 2.29 billion shares in the current float. Compared to the average trading volume of 6.75M shares, UMC stock reached a trading volume of 7431176 in the most recent trading day, which is why market watchdogs consider the stock to be active.

Guru’s Opinion on United Microelectronics Corporation [UMC]:

Based on careful and fact-backed analyses by Wall Street experts, the current consensus on the target price for UMC shares is $8.99 per share. Analysis on target price and performance of stocks is usually carefully studied by market experts, and the current Wall Street consensus on UMC stock is a recommendation set at 2.00. This rating represents a strong Buy recommendation, on the scale from 1 to 5, where 5 would mean strong sell, 4 represents Sell, 3 is Hold, and 2 indicates Buy.

Credit Suisse have made an estimate for United Microelectronics Corporation shares, keeping their opinion on the stock as Outperform, with their previous recommendation back on October 12, 2020. The new note on the price target was released on September 14, 2020, representing the official price target for United Microelectronics Corporation stock.

The Average True Range (ATR) for United Microelectronics Corporation is set at 0.41, with the Price to Sales ratio for UMC stock in the period of the last 12 months amounting to 3.83. The Price to Book ratio for the last quarter was 0.09, with the Price to Cash per share for the same quarter was set at 1.53. Price to Free Cash Flow for UMC in the course of the last twelve months was 17.28 with Quick ratio for the last quarter at 2.00.

UMC Stock Performance Analysis:

United Microelectronics Corporation [UMC] fell into the red zone at the end of the last week, falling into a negative trend and dropping by -14.66. With this latest performance, UMC shares gained by 3.13% in over the last four-week period, additionally plugging by 75.55% over the last 6 months – not to mention a rise of 293.00% in the past year of trading.

Overbought and oversold stocks can be easily traced with the Relative Strength Index (RSI), where an RSI result of over 70 would be overbought, and any rate below 30 would indicate oversold conditions. An RSI rate of 50 would represent a neutral market momentum. The current RSI for UMC stock in for the last two-week period is set at 48.40, with the RSI for the last a single of trading hit 43.65, and the three-weeks RSI is set at 50.27 for United Microelectronics Corporation [UMC]. The present Moving Average for the last 50 days of trading for this stock 9.24, while it was recorded at 10.19 for the last single week of trading, and 7.01 for the last 200 days.

Insight into United Microelectronics Corporation Fundamentals:

Operating Margin for any stock indicates how profitable investing would be, and United Microelectronics Corporation [UMC] shares currently have an operating margin of +8.91 and a Gross Margin at +19.92. United Microelectronics Corporation’s Net Margin is presently recorded at +16.51.

Return on Total Capital for UMC is now 5.23, given the latest momentum, and Return on Invested Capital for the company is 11.11. Return on Equity for this stock inclined to 13.19, with Return on Assets sitting at 7.81. When it comes to the capital structure of this company, United Microelectronics Corporation [UMC] has a Total Debt to Total Equity ratio set at 29.02. Additionally, UMC Total Debt to Total Capital is recorded at 22.49, with Total Debt to Total Assets ending up at 18.12. Long-Term Debt to Equity for the company is recorded at 12.64, with the Long-Term Debt to Total Capital now at 9.80.

Receivables Turnover for the company is 6.33 with a Total Asset Turnover recorded at a value of 0.47.United Microelectronics Corporation’s liquidity data is similarly interesting compelling, with a Quick Ratio of 2.00 and a Current Ratio set at 2.30.

UMC Stock EPS

With the latest financial reports released by the company, United Microelectronics Corporation posted 0.05/share EPS, while the average EPS was predicted by analysts to be reported at 0.06/share. When compared, the two values demonstrate that the company fail the estimates by a Surprise Factor of -16.70%. The progress of the company may be observed through the prism of EPS growth rate, while Wall Street analysts are focusing on predicting the 5-year EPS growth rate for UMC. When it comes to the mentioned value, analysts are expecting to see the 5-year EPS growth rate for United Microelectronics Corporation go to 22.40%.

United Microelectronics Corporation [UMC] Insider Position Details

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Positions in United Microelectronics Corporation stocks held by institutional investors increased at the end of April and at the time of the April reporting period, where 100 institutional holders increased their position in United Microelectronics Corporation [NYSE:UMC] by around 8,178,975 shares. Additionally, 81 investors decreased positions by around 21,851,264 shares, while 26 investors held positions by with 57,409,923 shares. The mentioned changes placed institutional holdings at 87,440,162 shares, according to the latest SEC report filing. UMC stock had 44 new institutional investments in for a total of 3,058,936 shares, while 23 institutional investors sold positions of 6,117,995 shares during the same period.

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