United Microelectronics Corporation (NYSE: UMC) is 22.21% higher on its value in year-to-date trading and has touched a low of $5.36 and a high of $10.56 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 $7.68 in the last trading session, with the day’s gains setting it 0.3% off its average median price target of $5.20 for the next 12 months. It is also -53.46% off the consensus price target high of $5.20 offered by 3 analysts, but current levels are -53.46% lower than the price target low of $5.20 for the same period.
Currently trading at $7.98, the stock is 12.90% and 11.73% above its SMA20 and SMA50 respectively. However, with a daily trading volume of 12.55 million and changing 3.91% at the moment leaves the stock 14.19% off its SMA200. UMC registered -23.51% loss for a year compared to 6-month loss of 12.71%.
The stock witnessed a 17.70% gain in the last 1 month and extending the period to 3 months gives it a 30.39%, and is 6.40% 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 2.97% over the week and 2.42% over the month.
United Microelectronics Corporation (UMC) has around 19426 employees, a market worth around $19.67B and $8.91B in sales. Current P/E ratio is 7.16 and Fwd P/E is 8.06. Profit margin for the company is 31.10%. Distance from 52-week low is 48.88% and -24.46% from its 52-week high. The company has generated returns on investments over the last 12 months (12.30%).
United Microelectronics Corporation (UMC) Analyst Forecasts
Analyst recommendations provided by FactSet shows that the consensus forecast for United Microelectronics Corporation (UMC) is a “Overweight”. 3 analysts offering their recommendations for the stock have an average rating of 2.70, where 0 rate it as a Hold and 1 think it is a “Overweight”. 1 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 04/26/2023.The EPS is expected to grow by 90.90% this year.
United Microelectronics Corporation (UMC) Top Institutional Holders
The shares outstanding are 2.46B, and float is at 2.25B with Short Float at 2.25%.
United Microelectronics Corporation (UMC): Who are the competitors?
The company’s main competitors (and peers) include Tower Semiconductor Ltd. (TSEM) that is 20.44% higher over the past 12 months. Intel Corporation (INTC) is -41.83% down on the 1-year trading charts.