United Microelectronics Corp. (2303) Stock Price & Analysis

2303 Stock Chart & Stats

NT$92.00-NT$6.40(-6.50%)

At close: Nov 06 1:30 PM GMT+8

Day’s Range: TWD 88.60 - TWD 94.60
52-Week Range: TWD 43.80 - TWD 185.50
Previous Close: TWD 98.40
Volume: N/A
Average Volume (3M): 132.92M
Market Cap: TWD 1.15T
Enterprise Value: TWD 1.87T
Total Cash (Recent Filing): TWD 151.58B
Total Debt (Recent Filing): TWD 70.39B
Price to Earnings (P/E): 14.2
Beta: 1.04
Next Earnings: Jan 26, 2027 (Est.)
EPS Estimate: 1.4
Last Dividend Ex-Date: Jul 08, 2026
Dividend Yield: 2.83%

Bulls Say, Bears Say

Bulls Say

Improving Profitability And Growth

Strong year-to-date revenue and earnings growth indicates that demand, pricing, product mix, or utilization has improved materially. If this operating backdrop persists, higher profitability can strengthen internal funding capacity and support continued investment in differentiated foundry services.

Conservative Balance Sheet And Cash Generation

Low leverage and a substantial equity base provide financial resilience through semiconductor cycles, while positive free cash flow supports capital spending and shareholder returns. This balance sheet flexibility can help UMC fund capacity and technology investments without excessive financial risk.

Differentiated Technology Growth

Expanding exposure to AI, silicon photonics, and advanced packaging gives UMC a path toward higher-value revenue beyond traditional mature-node wafer production. Management expects these newer businesses to be accretive and above corporate-average margins, supporting mix improvement.

Bears Say

Capacity Constrains Growth

High utilization and delayed capacity additions could prevent UMC from fully converting robust customer demand into shipments and revenue over the next several quarters. This constraint may also limit customer growth opportunities until expansion projects become operational at scale.

Persistent Gross-margin Pressure

Investment-driven depreciation and higher input costs can reduce the earnings benefit of revenue growth, even when utilization remains healthy. Sustained margin pressure would constrain operating leverage and make profitability more dependent on pricing, mix, and execution.

Cyclical And Uneven End-market Demand

Weak computer demand and an uneven smartphone recovery leave parts of UMC's end-market portfolio exposed to cyclical volatility. Demand fluctuations can affect wafer shipments, utilization, pricing, and margins, making earnings less predictable despite strength in automotive, industrial, and communications.

2303 FAQ

What was United Microelectronics Corp.’s price range in the past 12 months?

United Microelectronics Corp. lowest stock price was NT$43.80 and its highest was NT$185.50 in the past 12 months.

What is United Microelectronics Corp.’s market cap?

United Microelectronics Corp.’s market cap is NT$1.15T.

When is United Microelectronics Corp.’s upcoming earnings report date?

United Microelectronics Corp.’s next earnings report is estimated for Jan 26, 2027 (not yet confirmed), which is in 76 days.

How were United Microelectronics Corp.’s earnings last quarter?

United Microelectronics Corp. released its earnings results on Oct 28, 2026. The company reported NT$1.32 earnings per share for the quarter, missing the consensus estimate of NT$1.353 by -NT$0.033.

Is United Microelectronics Corp. overvalued?

Not enough analysts have published a price target to calculate whether the price is overvalued.

Does United Microelectronics Corp. pay dividends?

United Microelectronics Corp. pays a dividend of NT$2.608 which represents an annual dividend yield of 2.83%. See more information on United Microelectronics Corp. dividends here

What is United Microelectronics Corp.’s EPS estimate?

United Microelectronics Corp.’s EPS estimate is 1.40.

How many shares outstanding does United Microelectronics Corp. have?

United Microelectronics Corp. has 12,570,094,000 shares outstanding.

What happened to United Microelectronics Corp.’s price movement after its last earnings report?

United Microelectronics Corp. reported an EPS of NT$1.32 in its last earnings report, missing expectations of NT$1.353. Following the earnings report the stock price went up 4.49%.

Which hedge fund is a major shareholder of United Microelectronics Corp.?

Currently, no hedge funds are holding shares in TW:2303

What is the TipRanks Smart Score and how is it calculated?

Smart Score combines eight research factors - such as analyst recommendations, hedge fund trends, and technical indicators - to measure a stock’s outlook. These signals are unified into a single score that reflects bullish or bearish momentum. See detailed methodology

Company Description