United Micro Electronics ADR (NYSE: UMC) is -0.47% 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 $8.73 in the last trading session, with the day’s loss setting it -0.31%.
Currently trading at $8.42, the stock is -1.19% and 0.61% above its SMA20 and SMA50 respectively. However, with a daily trading volume of 10.53 million and changing -3.55% at the moment leaves the stock 2.82% off its SMA200. UMC registered 19.09% gain for a year compared to 6-month gain of 3.57%. The firm has a 50-day simple moving average (SMA 50) of $8.3806 and a 200-day simple moving average (SMA200) of $8.19135.
The stock witnessed a -2.77% loss in the last 1 month and extending the period to 3 months gives it a -3.99%, and is -1.41% 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 1.81% over the week and 2.31% over the month.
United Micro Electronics ADR (UMC) has around 19833 employees, a market worth around $21.10B and $7.02B in sales. Current P/E ratio is 12.60 and Fwd P/E is 11.49. Profit margin for the company is 23.89%. Distance from 52-week low is 23.64% and -6.44% from its 52-week high. The company has generated returns on investments over the last 12 months (13.31%).
with sales reaching $1.9B over the same period.The EPS is expected to shrink by -19.36% this year, but quarterly earnings will post 0.90% year-over-year. Quarterly sales are estimated to grow 10.90% 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 1.85%.
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.
United Micro Electronics ADR (UMC) Insider Activity
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