Why United Micro Electronics ADR (UMC) Stock Could See Much Higher Prices Ahead

United Micro Electronics ADR (NYSE: UMC) is -0.35% lower on its value in year-to-date trading and has touched a low of $6.81 and a high of $9.00 in the current 52-week trading range. The question becomes, what are the chances the stock will make a comeback and enjoy potential growth. Why not look at analysts view on what the future holds for the stock. The UMC stock was last observed hovering at around $8.28 in the last trading session, with the day’s gains setting it 0.15%.

Currently trading at $8.43, the stock is -2.22% and 1.29% above its SMA20 and SMA50 respectively. However, with a daily trading volume of 10.1 million and changing 1.81% at the moment leaves the stock 3.62% off its SMA200. UMC registered 19.57% gain for a year compared to 6-month gain of 2.68%.

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The stock witnessed a -0.59% loss in the last 1 month and extending the period to 3 months gives it a 0.48%, and is -3.88% 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 3.19% over the week and 2.27% over the month.

United Micro Electronics ADR (UMC) has around 19833 employees, a market worth around $21.12B and $7.02B in sales. Current P/E ratio is 12.62 and Fwd P/E is 11.57. Profit margin for the company is 23.89%. Distance from 52-week low is 23.79% and -6.33% from its 52-week high. The company has generated returns on investments over the last 12 months (13.31%).

with sales reaching $1.87B over the same period.The EPS is expected to shrink by -19.67% this year, but quarterly earnings will post -0.60% year-over-year. Quarterly sales are estimated to grow 8.90% in year-over-year returns.

United Micro Electronics ADR (UMC) Top Institutional Holders

The shares outstanding are 2.51B, and float is at 2.51B with Short Float at 1.89%.

The top institutional shareholder in the company is BLACKROCK INC. with over 23.11 million shares valued at $202.42 million. The investor’s holdings represent 0.1861% of the UMC Shares outstanding. As of 2024-06-30, the second largest holder is VANGUARD GROUP INC with 15.22 million shares valued at $133.31 million to account for 0.1226 of the shares outstanding. The other top investors are BANK OF AMERICA CORP /DE/ which holds 8.53 million shares representing 0.0687% and valued at over $74.76 million, while FISHER ASSET MANAGEMENT, LLC holds 0.0618 of the shares totaling 7.67 million with a market value of $67.17 million.