United Microelectronics Corporation (NYSE: UMC) is 1.66% higher on its value in year-to-date trading and has touched a low of $2.10 and a high of $9.40 in the current 52-week trading range. The UMC stock was last observed hovering at around $8.41 in the last trading session, with the day’s gains setting it 0.16% off its average median price target of $7.69 for the next 12 months. It is also 19.76% off the consensus price target high of $10.68 offered by 24 analysts, but current levels are -92.15% lower than the price target low of $4.46 for the same period.
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Currently trading at $8.57, the stock is 3.13% and 21.91% above its SMA20 and SMA50 respectively. However, with a daily trading volume of 5.61 million and changing 1.90% at the moment leaves the stock 101.27% off its SMA200. UMC registered 228.35% gain for a year compared to 6-month gain of 211.64%. The firm has a 50-day simple moving average (SMA 50) of $7.82 and a 200-day simple moving average (SMA200) of $5.06.
The stock witnessed a -5.20% loss in the last 1 month and extending the period to 3 months gives it a 63.86%, and is -1.04% down over the last 5 days. If we measure the stock’s price variations over the week and the month, we find that the volatility rates stand at 3.52% over the week and 3.71% over the month.
United Microelectronics Corporation (UMC) has around 19929 employees, a market worth around $21.71B and $5.91B in sales. Current P/E ratio is 38.60 and Fwd P/E is 23.16. Profit margin for the company is 9.40%. Distance from 52-week low is 309.07% and -8.83% from its 52-week high. The company has generated returns on investments over the last 12 months (1.80%).
United Microelectronics Corporation (UMC) Analyst Forecasts
Analyst recommendations provided by FactSet shows that the consensus forecast for United Microelectronics Corporation (UMC) is a “Overweight”. 24 analysts offering their recommendations for the stock have an average rating of 2.00, where 6 rate it as a Hold and 2 think it is a “Overweight”. 14 of the analysts rate the stock as a “Buy”. 0 analysts have rated the stock as a Sell or Underperform.
United Microelectronics Corporation is expected to release its quarterly report on 04/28/2021 and quarterly earnings per share for the current quarter are estimated at $0.06 with sales reaching $1.57B over the same period.The EPS is expected to grow by 39.10% this year, but quarterly earnings will post 25.20% year-over-year. Quarterly sales are estimated to grow 14.40% in year-over-year returns.
United Microelectronics Corporation (UMC) Top Institutional Holders
167 institutions hold shares in United Microelectronics Corporation (UMC), with institutional investors hold 4.28% of the company’s shares. The shares outstanding are 2.44B, and float is at 2.16B with Short Float at 0.35%. Institutions hold 4.28% of the Float.
The top institutional shareholder in the company is Vanguard Group, Inc. (The) with over 21.35 million shares valued at $102.28 million. The investor’s holdings represent 14.91% of the UMC Shares outstanding. As of Sep 29, 2020, the second largest holder is Renaissance Technologies, LLC with 18.56 million shares valued at $88.92 million to account for 12.96% of the shares outstanding. The other top investors are Aperio Group LLC which holds 8.12 million shares representing 5.67% and valued at over $38.89 million, while Acadian Asset Management holds 5.34% of the shares totaling 7.65 million with a market value of $36.62 million.
United Microelectronics Corporation (UMC): Who are the competitors?
The company’s main competitors (and peers) include Tower Semiconductor Ltd. (TSEM) that is 16.12% higher over the past 12 months. Intel Corporation (INTC) is -11.50% down on the 1-year trading charts. Short interest in the company’s stock has risen 77.35% from the last report on Nov 12, 2020 to stand at a total of 1.71 million short shares sold with a short interest ratio of 1.2.