UMC · NYSE · STOCK
United Microelectronics (UMC) Stock Analysis
$22.96
52W $6.97 – $28.96
65/100
$57.27B
22.0
1.56
⚠
Buy rating, but near-term risk/reward is unfavorable
The long-term recommendation is based on the composite investment score. The near-term risk/reward is based on nearby support and resistance levels. These can differ when a strong company trades close to resistance with support further below.
Is UMC Bullish or Bearish?
Bullish.
Innellis AI committee rates United Microelectronics Corporation (UMC) Buy with a composite score of 65/100
, based on 6 analysts with 83% agreement.
Last updated October 10, 2026.
What Would Change This View
- Upgrade to Strong Buy
- Requires a committee score of 75.0 — +10.49 from today. Applies on the first day at or above the line; upgrades are never dampened.
- Downgrade to Watch
- Requires the score to fall below 55.0 — -9.51 from today. The band boundary is 60.0, 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. Growth Analyst sees a compelling case — eps growing 111.0% yoy. Portfolio Manager remains cautious — sector concentration is already high (hhi 2796.97). This disagreement is itself the signal — the setup is not clean in either direction.
Bull & Bear Case
Bull Case
- ROE of 21.0% shows genuine earnings power backing the valuation — Value
- Dividend yield of 7.2% pays you to wait — Value
- EPS growing 111.0% YoY — Growth
- Quarter-over-quarter growth rate is ACCELERATING, not just positive — Growth
- Price structure making higher highs and higher lows — Technical
- Trend and market structure agree -- coherent bullish picture — Technical
Bear Case
- MACD histogram negative -- bearish momentum — Technical
- Bollinger bandwidth of 20.8% 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 October 10, 2026
Overall Committee Score
65/100
Agreement
83%
Analysts
6
Conviction
High
Sector Rank
Top 6%
of 287 Technology peers
Value Analyst
bullish
65
/ 100 · High confidence
Classic value case: cheap on multiples with earnings power to back it up
+ ROE of 21.0% shows genuine earnings power backing the valuation
Growth Analyst
bullish
70
/ 100 · High confidence
Strong, accelerating growth with consistent execution
+ EPS growing 111.0% YoY
Technical Analyst
bullish
61
/ 100 · High confidence
Price action is constructive -- trend and momentum agree
+ Price structure making higher highs and higher lows
− 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 20.8% signals elevated volatility
Macro Analyst
bullish
65
/ 100 · Low confidence
Macro backdrop is supportive of risk assets generally, and this name's beta works in its favor
News Analyst
bullish
68
/ 100 · Low confidence
News flow and recent filings/analyst actions are net positive
+ News sentiment is positive (+0.33 across 17 articles, 14d)
Portfolio Manager
bearish
30
/ 100 · Moderate confidence
The existing book itself argues for caution here, independent of how good this specific stock looks
− Sector concentration is already high (HHI 2796.97)
Investment Thesis Evolution
Committee score moved marginally from 64.5 to 64.5.
- New bearish signals: 1 appeared.
- Bearish pressure eased: 1 signal(s) disappeared.
Analyst-level changes:
- Risk Analyst: +1 bearish signal(s).
Comparing 2026-10-09 to 2026-10-10 (1 day apart).
Technical Analysis
RSI (14)
41.3
Neutral
MACD Histogram
-0.356
Bearish Momentum
Trend Direction
Uptrend
Weekly: Uptrend
Market Structure
Hh Hl
Support
$16.86
Resistance
$28.96
Bollinger %B
0.29
Inside Bands
Price vs Moving Averages
EMA 9
$23.68
Below
EMA 21
$23.46
Below
EMA 50
$22.32
Above
EMA 200
$17.40
Above
Fundamental Analysis
Valuation
77
Growth
89
Profitability
62
Financial Health
100
Cash Flow
70
Valuation
P/E Ratio
22.0×
P/B Ratio
4.15×
PEG Ratio
0.20
Dividend Yield
1.77%
52W High
$28.96
52W Low
$6.97
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
P/E ratio of 22.0 (inexpensive relative to a 15-40x range); Price-to-book of 4.1x; 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); Most recent quarter beat estimates by 230.5%; 2 consecutive earnings beats; EPS growth accelerating (+61.7% -> +161.2% QoQ); Analyst estimates rising over recent quarters
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