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United Microelectronics Corporation (UMC)
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I couldn’t be happier with the daily emails I get from (
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This will pop on earnings
Dividend gross $0.29 this past August, most likely $0.40 next year as company pays out 50% of earnings in dividends. $0.80 earnings for fiscal 2022 is very reasonable! If more, I wouldn't be all that surprised.
Looks like it may be one of those break-out, runaway gap up days for UMC. Volume will tell the tale. Is it the specter of USA/China talks that is driving this as Asian shares are generally running wild. Even ol' looks like Alibaba is finally getting in on the fun.
All kinds of articles in the media about "China, China, China..." It's like listening to Jan Brady complain about "Marsha, Marsha, Marsha."
umc needs to take control of the sales of its stock and stop the distort of its news by shorts and the selling of millions of naked short shares daily. UMC should be at $20 per share with its huge sales of computer chips.
Is this the worst semiconductor stock in the group? It just keeps going down. Seems to be in its own bear market!
A +4% drop in price is very strange for a company that is experiencing white hot global demand for chips. Is something unusual going on? It just does not make sense.
tipranks has 2 analyst with a 12 mo price prediction of $2.73. anyone have an idea of why this ias.
What about chrisis between China and Taiwan?
In early October, there will be a report of income for September. Toward the end of October will be the quarterly ER for the previous three months. Both are expected to be excellent.
10 days of steady downs, hedge funds are the modern privateers serving their masters
First shoe drops on shorts, option traders, hedge funds, and market manipulators in early October. Second shoe drops on ER in later October. Plus, dividends for beer money.
it seems that mr. market does not like to lose 1400 US dollars of sales in comparison August September
Did semiconductor demand suddenly stop? Oh, well.
About chip shortage
The "noise of sabers" continues
TAIPEI, Oct 5 (Reuters) - Taiwan falling to China would trigger "catastrophic" consequences for peace in Asia, President Tsai Ing-wen wrote in a piece for Foreign Affairs published on Tuesday, and if threatened Taiwan will do whatever it takes to defend itself.
Taiwan, which is claimed by China as its sovereign territory, has faced a massive stepping up of pressure from Beijing since Friday, with 148 Chinese air force aircraft flying into Taiwan's air defence zone over a four-day period.
China has blamed the United States, Taiwan's most important international backer and arms supplier, for the rise in tensions, while Taiwan has called China the "chief culprit" in the current situation.
Writing in Foreign Affairs, Tsai said as countries increasingly recognise the threat China's Communist Party poses, they should understand the value of working with the island.
"And they should remember that if Taiwan were to fall, the consequences would be catastrophic for regional peace and the democratic alliance system. It would signal that in today's global contest of values, authoritarianism has the upper hand over democracy," Tsai wrote.
China believes Tsai is a separatist for refusing to accept that Taiwan is part of "one China", and has cut off dialogue.
Tsai says Taiwan is an independent country called the Republic of China, its formal name.
Taiwan does not seek military confrontation, and wants peaceful, stable, predictable and mutually beneficial coexistence with its neighbours, she wrote.
"But if its democracy and way of life are threatened, Taiwan will do whatever it takes to defend itself," Tsai said, adding Taiwanese people would "rise up" should Taiwan's existence be threatened having made clear that democracy is non-negotiable.
She reiterated a call for talks with China, as long as it happens in a spirit of equality and without political preconditions, something Beijing has repeatedly rejected.
"Amid almost daily intrusions by the People's Liberation Army, our position on cross-strait relations remains constant: Taiwan will not bend to pressure, but nor will it turn adventurist, even when it accumulates support from the international community."
Taiwan is both vibrantly democratic and Western, but influenced by Chinese civilization and shaped by Asian traditions, Tsai wrote.
"Taiwan, by virtue of both its very existence and its continued prosperity, represents at once an affront to the narrative and an impediment to the regional ambitions of the Chinese Communist Party."
This stock is barley shorted, the issue is it only has 4% institutional ownership which really hard to believe.
UNITED MICROELECTRONICS (NYSE:UMC) SHORT INTEREST DATA
Current Short Volume 13,830,000 shares
Previous Short Volume 11,430,000 shares
Change Vs. Previous Month +21.00%
Dollar Volume Sold Short $144.11 million
Short Interest Ratio / Days to Cover 2.1
Last Record Date August, 13 2021
Outstanding Shares 2,480,000,000 shares
Percentage of Shares Shorted 0.56%
Today's Trading Volume 252,329 shares
Average Trading Volume 8,330,320 shares
Today's Volume Vs. Average -96.97%
According to Elon Musk, the semiconductor crysis will come to an end next year. YF does not allow me to post the link.
Earnings reporting on Oct 27 in early AM, about 4:40 AM. Whisper expects earnings of $.19, yahoo expects .18 Whisper: revenue is expected to be $1.87 Billion. Whisper analysts expect 100% beat of estimates and 100% expect price to rise. It could be today's uptick is the beginning of new buyers buying in, institutions buying, funds buying, and shorts buying to close.
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