Recent insider trends for United Microelectronics Corporation (NYSE:UMC) have caught the attention of investors. Insider activity is often a strong indicator of future performance in a stock, and if the data on UMC is anything to go by, investors should pay attention.
Institutions own 05.57% of United Microelectronics Corporation (UMC)’s shares. The total value of these holdings, in millions, is $335. Among active positions in the latest quarter, 53 holders increased their positions by a total of 10.28 million shares, 48 holders decreased the positions by a total of 15.93 million shares, and 24 holders held their positions. This works out to a net decrease in ownership of 5.65 million shares, and suggests that institutions are feeling bearish about the stock.
Among new and sold out positions, 13 holders initiated new positions by a total of 1.06 million shares and 15 holders exited their positions by a total of 2.83 million shares. This nets out to a decrease of 1.77 million shares and is another bearish sign for UMC.
Insider ownership increased by a total of 0 shares, which suggests that UMC’s key executives are feeling more optimistic about the outlook for the stock. The data from the past twelve months tells a similar story: and ownership increased by a net of 0 shares.
Analysts often look at short interest, or the number of shares currently being shorted by investors, to aid in their outlook for a particular stock. United Microelectronics Corporation (NYSE:UMC)’s short interest is 14.94 million shares, or 0.68% of the float. This represents an increase of 22% in the number of shares being shorted compared to the previous reading, and implies that investors felt more pessimistic about the stock during the past two weeks.
Supplementing insider data with technical indicators can help an investor form a more complete view on the outlook for a stock. A composite of 13 technical indicators that includes measures such as moving averages and momentum oscillators suggests that UMC is a hold, which implies that UMC is expected to perform in line with the market based on prior trading patterns.
Institutional ownership trends suggest that the stock is cheap and the insider trading data indicates that insiders are bullish. Technical indicators (also) suggest that United Microelectronics Corporation (NYSE:UMC) is fairly valued.