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Is this Large Market Cap Stock target price reasonable for United Microelectronics Corporation (NYSE:UMC)?

The company in question is, United Microelectronics Corporation (NYSE:UMC) currently with a stock price of 1.89 (2.43% today). The market cap for United Microelectronics Corporation is 4678.39, and is in the sector Technology, and Semiconductor Equipment & Materials industry. The target price for United Microelectronics Corporation is 2.02. Currently United Microelectronics Corporation is trading with a P/E of 20.11, and a forward P/E of 14.8. Average volume for United Microelectronics Corporation is 874.83 and so far today it is 284062.

Performance in the last year for United Microelectronics Corporation has been 1.65%. For EPS growth, United Microelectronics Corporation has seen a growth of 14.90%, and is looking to grow in the next year to 31.58%. More long term stats show that EPS growth has been -11.60% over the last five years and could be 20.00% for the next five years. United Microelectronics Corporation has seen sales growth quarter over quarter at -2.70%, with EPS growth quarter over quarter at -43.70%. The 20-day simple moving average is 1.16%, with the 200-day simple moving average coming to 1.29%.

Since the IPO date for United Microelectronics Corporation on the 9/19/2000, United Microelectronics Corporation has seen performance year to date to be 2.73%. With United Microelectronics Corporation trading at 1.89, the dividend yield is 4.86%, and the EPS is 0.09.

So could United Microelectronics Corporation, be undervalued? Well as said before P/E is 20.11. The PEG is 1.01, P/S is 1.05 and the P/B is at 0.66. The P/cash is 2.94, with P/free cash flow at *TBA.

United Microelectronics Corporation ability to deal with debt shows that the current ratio is 1.3, and the quick ratio is 1.1. This is with long term debt/equity at 0.19, and total debt/equity at 0.34.

In terms of margins, United Microelectronics Corporation has a gross margin of 19.40%, an operating margin of 2.90% and a profit margin of 5.40%.Payout ratio for United Microelectronics Corporation is 89.10%. Return on assets come to 2.20% with return on investment coming to 3.00%.

Insider ownership for United Microelectronics Corporation, is at *TBA and institutional ownership comes to 5.90%. Outstanding shares are at 2528.86. While shares float is 2375.58. The float short is currently 0.62%, and short ratio is 16.73.

Disclaimer: Remember there is a risk to your investment, this is not a recommendation, nor personal advice, never invest more than you are able too loose.

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Tony Dabbs

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