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United Microelectronics Corporation (UMC) Analysis & Forecast for 2021

United Microelectronics Corporation (NYSE: UMC) is 5.46% higher on its value in year-to-date trading and has touched a low of $2.10 and a high of $11.28 in the current 52-week trading range. The question becomes, what are the chances the stock will continue to grow shareholders’ wealth in the market. Here’s what analysts think will happen to its price in the coming time. The UMC stock was last observed hovering at around $8.61 in the last trading session, with the day’s gains setting it 0.28% off its average median price target of $11.07 for the next 12 months. It is also 33.76% off the consensus price target high of $13.42 offered by 24 analysts, but current levels are -50.93% lower than the price target low of $5.89 for the same period.

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Currently trading at $8.89, the stock is 3.61% and -5.05% below its SMA20 and SMA50 respectively. However, with a daily trading volume of 4.98 million and changing 3.25% at the moment leaves the stock 44.00% off its SMA200. UMC registered 300.45% gain for a year compared to 6-month gain of 79.23%. The firm has a 50-day simple moving average (SMA 50) of $9.27 and a 200-day simple moving average (SMA200) of $7.48.

The stock witnessed a -11.63% loss in the last 1 month and extending the period to 3 months gives it a 2.89%, and is 5.33% up 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 3.46% over the week and 3.87% over the month.

United Microelectronics Corporation (UMC) has around 19929 employees, a market worth around $21.36B and $6.18B in sales. Current P/E ratio is 21.42 and Fwd P/E is 20.20. Profit margin for the company is 16.50%. Distance from 52-week low is 324.34% and -21.19% from its 52-week high. The company has generated returns on investments over the last 12 months (7.00%).

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 5 rate it as a Hold and 3 think it is a “Overweight”. 13 of the analysts rate the stock as a “Buy”. 2 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 209.10% 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

219 institutions hold shares in United Microelectronics Corporation (UMC), with institutional investors hold 3.80% of the company’s shares. The shares outstanding are 2.44B, and float is at 2.29B with Short Float at 0.66%. Institutions hold 3.80% of the Float.

The top institutional shareholder in the company is Vanguard Group, Inc. (The) with over 20.9 million shares valued at $176.15 million. The investor’s holdings represent 0.84% of the UMC Shares outstanding. As of Dec 30, 2020, the second largest holder is Renaissance Technologies, LLC with 18.2 million shares valued at $153.42 million to account for 0.73% of the shares outstanding. The other top investors are Aperio Group LLC which holds 7.56 million shares representing 0.30% and valued at over $63.77 million, while Acadian Asset Management holds 0.23% of the shares totaling 5.76 million with a market value of $48.58 million.

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United Microelectronics Corporation (UMC): Who are the competitors?

The company’s main competitors (and peers) include Tower Semiconductor Ltd. (TSEM) that is 79.43% higher over the past 12 months. Intel Corporation (INTC) is 14.92% up on the 1-year trading charts. Short interest in the company’s stock has fallen -3.18% from the last report on Feb 11, 2021 to stand at a total of 15.58 million short shares sold with a short interest ratio of 1.87.

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