UMC · NYSE · STOCK
United Microelectronics Corporation
$18.94
52W $6.56 – $28.96
56/100
$47.24B
18.4
1.56
Is UMC Bullish or Bearish?
Mixed.
Innellis AI committee rates United Microelectronics Corporation (UMC) Watch with a composite score of 56/100
, based on 6 analysts with 67% agreement.
Last updated August 11, 2026.
What Would Change This View
- Upgrade to Buy
- Requires a committee score of 60.0 — +3.66 from today. Applies on the first day at or above the line; upgrades are never dampened.
- Downgrade to Reduce
- Requires the score to fall below 40.0 — -16.34 from today. The band boundary is 45.0, but a one-step downgrade must clear a further margin first. A score oscillating around the line should not change the rating every night.
Executive Summary
The committee is genuinely divided. Macro Analyst sees a compelling case — vix regime is low -- calm backdrop supports risk-taking. Growth Analyst remains cautious. This disagreement is itself the signal — the setup is not clean in either direction.
Bull & Bear Case
Bull Case
- Low leverage (debt-to-equity 0.21) -- balance sheet can absorb a shock — Risk
- VIX regime is low -- calm backdrop supports risk-taking — Macro
- Market regime is bullish (Bull market -- normal position sizing) — Macro
Bear Case
- P/E of 29.1 is moderate-to-rich — Value
- MACD histogram negative -- bearish momentum — Technical
- Bollinger bandwidth of 36.0% signals elevated volatility — Risk
Both cases are generated from quantitative data signals, not qualitative or
forward-looking judgement. They summarise what the numbers say today.
Price History (6M)
AI Investment Committee
Committee Consensus
As of August 11, 2026
Overall Committee Score
56/100
Agreement
67%
Analysts
6
Conviction
Moderate
Sector Rank
Top 74%
of 284 Technology peers
Value Analyst
neutral
55
/ 100 · Moderate confidence
Fair value -- neither a bargain nor obviously overpriced
− P/E of 29.1 is moderate-to-rich
Growth Analyst
bearish
40
/ 100 · Low confidence
Growth story is weak, decelerating, or inconsistent
Technical Analyst
neutral
48
/ 100 · High confidence
Mixed or range-bound price action
− MACD histogram negative -- bearish momentum
Risk Analyst
neutral
58
/ 100 · Moderate confidence
Moderate risk -- no single red flag, but nothing that clearly de-risks the position either
+ Low leverage (debt-to-equity 0.21) -- balance sheet can absorb a shock
− Bollinger bandwidth of 36.0% signals elevated volatility
Macro Analyst
bullish
78
/ 100 · Moderate confidence
Macro backdrop is supportive of risk assets generally, and this name's beta works in its favor
+ VIX regime is low -- calm backdrop supports risk-taking
News Analyst
neutral
60
/ 100 · Low confidence
News flow is mixed or quiet -- no strong signal either way right now
Portfolio Manager
neutral
55
/ 100 · Moderate confidence
Portfolio-level factors are mixed -- worth a deliberate sizing decision, not a default-size position
+ Portfolio position concentration is currently healthy
− 2 existing position pair(s) are highly correlated already
Technical Analysis
RSI (14)
43.3
Neutral
MACD Histogram
-0.000
Bearish Momentum
Trend Direction
Sideways
Weekly: Uptrend
Market Structure
Mixed
Support
$8.32
Resistance
$28.96
Bollinger %B
0.37
Inside Bands
Price vs Moving Averages
EMA 9
$19.13
Below
EMA 21
$20.06
Below
EMA 50
$20.34
Below
EMA 200
$14.95
Above
Fundamental Analysis
Valuation
85
Profitability
62
Financial Health
100
Cash Flow
70
Valuation
P/E Ratio
18.4×
P/B Ratio
3.46×
PEG Ratio
0.17
Dividend Yield
2.12%
52W High
$28.96
52W Low
$6.56
Quality & Growth
ROE
1062.8%
ROA
697.1%
Gross Margin
3060.3%
Operating Margin
1892.7%
Revenue Growth YoY
—
Debt / Equity
0.12
AI Fundamental Assessment
[reduced confidence: limited earnings history] P/E ratio of 18.4 (inexpensive relative to a 15-40x range); Price-to-book of 3.5x; PEG ratio of 0.2 (under 1.0 suggests growth is undervalued relative to price); Return on equity of 10.6%; Return on assets of 7.0%; Net margin of 33.3%; Gross margin of 30.6%; Current ratio of 2.17 (healthy short-term liquidity); Debt-to-equity of 0.12; Free cash flow per share is positive (24.01); Earnings-history trend unavailable; growth based on TTM year-over-year only.
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