UMC - United Microelectronics: Not Enough Incentive To Warrant Added Risk

2024-02-05 08:11:57 ET

Summary

• The stock has dropped after the latest report from UMC, which came in mixed, especially as it relates to the outlook for FY2024.
• UMC was less optimistic about the outlook than others, which is noteworthy in light of all the fab capacity being added everywhere.
• The charts seem to have a few things to say, which could provide clues as to how shareholders should position themselves at this time.
• Holding on to UMC is still worth pursuing, especially with a generous dividend in store, but to be a buyer is likely not a wise move.

...

For further details see: