UMC United Microelectronics Corporation

Stock NYSE Technology

US$22.54 +4.23% Latest close

United Microelectronics Corporation (UMC) trend channel, buy level and 3-month target on Trade The Path. Sector: Technology. Listed on NYSE. Levels below are fitted to this ticker's own swing highs and lows (Theil–Sen, log-price), then projected 3 months. If this ticker has no settled sample yet, treat the numbers as a geometric read, not a track record. Information only, not financial advice.

In the buy zone, rising on both timeframes

Price is sitting on the lower trend line β€” the level that has repeatedly held.

Read from the last 12 months of history we hold: rising, drifting more than +100% a year. The target of US$28.01 is below the nearest ceiling (US$44.60), so it does not depend on a breakout. What would overturn this: a close below US$20.44 β€” the floor of the channel being read β€” after which the trend, not the entry, is what was wrong.

12 months read from
US$20.50 – US$44.73 Rising channel, more than +100% a year
Position in that channel
9% 0% at the floor, 100% at the ceiling

What broke this trend

The fall
-38% from US$27.6224 June 2026 β†’ 29 July 2026
Whose problem it was
Its sector16 of 19 Semiconductors peers fell with it
Does it resolve?
Temporary falls like it have resolved on the record
Regained so far
53%of what it lost
What the record says
81% of 46 comparable falls came back, typically in 81 days measured on its own peer group

The trend broke in June 2026: price fell 38% from 27.62 to 17.11 by July 2026, and has regained 53% of that fall since. It was not this company alone: 16 of 19 Semiconductors peers fell as far within weeks of it, so the fall was the sector repricing rather than news about this business. The wire that week: β€œ12 Information Technology Stocks Moving In Monday's Pre-Market Session”. Falls like it have resolved: falls of about 38% here have come back to the old high 81% of the time (46 comparable falls), typically in 81 days. On that record the fall is treated as temporary, and the trend lines are fitted to the regime it created rather than through it. Priced from that: 28.01 within 41 days, reached 81% of the time in 46 comparable falls β€” about 0.57% a day held.

The buy and sell prices below are priced off this recovery rather than off the channel: it is the better expected return per day held once each is charged for the odds of working.

Reported at the time: 12 Information Technology Stocks Moving In Monday's Pre-Market Session β€” 22 June 2026

Price history, with the path projected 3 months forward

US$10.0US$20.0US$30.0Oct 23Mar 24Aug 24Jan 25June 25Nov 25Apr 26Sept 26 today BuyTarget Our buy US$22.7 Β· est. 10 Sept 26Our target US$28.0 Β· est. 21 Oct 26
  • Daily close
  • Upper trend line (12 months)
  • Lower trend line (12 months)
  • Dashed after today: projected 3 months
  • Our buy
  • Our target

Suggested path

Buy now

US$22.54

last close Β· 16 Sept 2026

Channel buy is US$22.70; last close is the better price available now.

Our target

US$28.01

by 21 Oct 2026

Projected move

24.3%

gross, before costs

Last close is our buy β€” the best price available now.

The trend broke in June 2026: price fell 38% from 27.62 to 17.11 by July 2026, and has regained 53% of that fall since. It was not this company alone: 16 of 19 Semiconductors peers fell as far within weeks of it, so the fall was the sector repricing rather than news about this business. The wire that week: β€œ12 Information Technology Stocks Moving In Monday's Pre-Market Session”. Falls like it have resolved: falls of about 38% here have come back to the old high 81% of the time (46 comparable falls), typically in 81 days. On that record the fall is treated as temporary, and the trend lines are fitted to the regime it created rather than through it. Priced from that: 28.01 within 41 days, reached 81% of the time in 46 comparable falls β€” about 0.57% a day held. The entry is today's price, not a dip level: the fall is behind it and the evidence measured is what these recoveries paid from here, so waiting for a lower entry would be waiting for something the record does not say is coming. Of 46 comparable falls in Semiconductors, 81% were back at the old high within 81 days of the low, and the ones that got there gave up about 16% along the way β€” so expect to be underwater before it works. The target is the median level they regained, which is short of the old high of 27.62 because not all of them saw it again. It is a prediction and it is revised the same way any other is: if price loses its 50-day trend and stays below it, the recovery is treated as failed rather than delayed.

Upper line touches
3
Lower line touches
2
Fit confidence
53%
Fitted
10 Sept 2026

About United Microelectronics Corporation

United Microelectronics Corporation (UMC) operates as a specialized semiconductor wafer foundry, extending its services globally with operations across Taiwan, Singapore, China, Hong Kong, Japan, the United States, and Europe. The company offers a comprehensive range of solutions, from initial circuit blueprinting and mask generation to wafer manufacturing, final assembly, and rigorous testing. UMC's customer base consists of both integrated device manufacturers and companies focused solely on chip design. This corporation, founded in 1980, has its primary headquarters situated in Hsinchu City, Taiwan.

Sector
Technology
Industry
Semiconductors
CEO
Jason S. Wang
Employees
20,000
Country
TW

https://www.umc.com

Scorecard

Our own pillar scores, computed from the fundamentals below. They are not Morningstar ratings β€” that data is licensed and we do not redistribute it.

Valuation
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Profitability
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Financial health
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Cash generation
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Key statistics

Market cap
US$49.59B
Enterprise value
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Beta
1.56
Avg volume
16.20M
Revenue per share
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Dividend yield
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52-week range
6.56-28.96
Exchange
NYSE

Key ratios

P/E (TTM)
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PEG
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Price / sales
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Price / book
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EV / EBITDA
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Gross margin
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Operating margin
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Net margin
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Current ratio
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Quick ratio
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Debt / equity
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Interest cover
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Income statement

Balance sheet

Cash flow

Trend lines are fitted statistically to past swing highs and lows and projected forward on the assumption the same rhythm continues. It often does not. This is information, not advice.