United Microelectronics Corporation [UMC] is -39.27% lower this YTD. Is it still time to buy?

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United Microelectronics Corporation [NYSE: UMC] stock went on a downward path that fall over -2.35% on Monday, amounting to a one-week price decrease of less than -3.06%. The company report on July 27, 2022 that UMC Reports Second Quarter 2022 Results.


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Over the last 12 months, UMC stock dropped by -32.52%. The one-year United Microelectronics Corporation stock forecast points to a potential upside of 20.53. The average equity rating for UMC stock is currently 3.30, trading closer to a bullish pattern in the stock market.

The market cap for the stock reached $15.82 billion, with 2.38 billion shares outstanding and 2.25 billion shares in the current float. Compared to the average trading volume of 9.28M shares, UMC stock reached a trading volume of 8844750 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 $8.38 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 3.30. 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.

Citigroup have made an estimate for United Microelectronics Corporation shares, keeping their opinion on the stock as Sell, with their previous recommendation back on July 12, 2022. The new note on the price target was released on January 25, 2022, representing the official price target for United Microelectronics Corporation stock. On June 08, 2021, analysts decreased their price target for UMC shares from 8.40 to 7.30.

The Average True Range (ATR) for United Microelectronics Corporation is set at 0.28, with the Price to Sales ratio for UMC stock in the period of the last 12 months amounting to 2.06. The Price to Book ratio for the last quarter was 0.06, with the Price to Cash per share for the same quarter was set at 2.68. Price to Free Cash Flow for UMC in the course of the last twelve months was 7.84 with Quick ratio for the last quarter at 1.80.

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 -3.06. With this latest performance, UMC shares dropped by -1.62% in over the last four-week period, additionally sinking by -23.52% over the last 6 months – not to mention a drop of -32.52% 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 44.30, with the RSI for the last a single of trading hit 43.64, and the three-weeks RSI is set at 42.47 for United Microelectronics Corporation [UMC]. The present Moving Average for the last 50 days of trading for this stock 7.58, while it was recorded at 6.72 for the last single week of trading, and 9.40 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 +21.81 and a Gross Margin at +31.96. United Microelectronics Corporation’s Net Margin is presently recorded at +26.19.

Return on Total Capital for UMC is now 13.88, given the latest momentum, and Return on Invested Capital for the company is 18.88. Return on Equity for this stock inclined to 21.59, with Return on Assets sitting at 13.25. When it comes to the capital structure of this company, United Microelectronics Corporation [UMC] has a Total Debt to Total Equity ratio set at 29.95. Additionally, UMC Total Debt to Total Capital is recorded at 23.05, with Total Debt to Total Assets ending up at 18.12. Long-Term Debt to Equity for the company is recorded at 15.78, with the Long-Term Debt to Total Capital now at 12.14.

Receivables Turnover for the company is 6.49 with a Total Asset Turnover recorded at a value of 0.51.United Microelectronics Corporation’s liquidity data is similarly interesting compelling, with a Quick Ratio of 1.80 and a Current Ratio set at 2.00.

UMC Stock EPS

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 34.10%.

United Microelectronics Corporation [UMC] Insider Position Details

Positions in United Microelectronics Corporation stocks held by institutional investors increased at the end of July and at the time of the July reporting period, where 117 institutional holders increased their position in United Microelectronics Corporation [NYSE:UMC] by around 30,757,692 shares. Additionally, 127 investors decreased positions by around 17,213,539 shares, while 44 investors held positions by with 79,336,540 shares. The mentioned changes placed institutional holdings at 127,307,771 shares, according to the latest SEC report filing. UMC stock had 29 new institutional investments in for a total of 2,630,706 shares, while 54 institutional investors sold positions of 3,338,019 shares during the same period.

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