Things appear to be looking up for United Micro Electronics ADR (UMC)

United Micro Electronics ADR (NYSE: UMC) is 0.95% higher 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 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 $8.39 in the last trading session, with the day’s gains setting it 0.15%.

Currently trading at $8.54, the stock is 0.29% and 2.72% above its SMA20 and SMA50 respectively. However, with a daily trading volume of 9.15 million and changing 1.79% at the moment leaves the stock 4.57% off its SMA200. UMC registered 22.88% gain for a year compared to 6-month gain of 4.66%.

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The stock witnessed a -1.27% loss in the last 1 month and extending the period to 3 months gives it a -3.06%, and is 0.59% 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 2.05% over the week and 2.37% over the month.

United Micro Electronics ADR (UMC) has around 19833 employees, a market worth around $21.40B and $7.02B in sales. Current P/E ratio is 12.78 and Fwd P/E is 11.66. Profit margin for the company is 23.89%. Distance from 52-week low is 25.40% and -5.11% 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 -19.42% 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 1.81%.

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.