United Micro Electronics ADR (UMC) Analysis & Opinions from Experts

United Micro Electronics ADR (NYSE: UMC) is -17.38% lower on its value in year-to-date trading and has touched a low of $6.78 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 $7.16 in the last trading session, with the day’s loss setting it -0.17%.

Currently trading at $6.99, the stock is -5.88% and -12.76% below its SMA20 and SMA50 respectively. However, with a daily trading volume of 12.23 million and changing -2.37% at the moment leaves the stock -14.04% off its SMA200. UMC registered -5.54% loss for a year compared to 6-month gain of -13.60%. The firm has a 50-day simple moving average (SMA 50) of $8.0478 and a 200-day simple moving average (SMA200) of $8.1356.

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The stock witnessed a -13.60% gain in the last 1 month and extending the period to 3 months gives it a -19.93%, and is -1.13% 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 1.63% over the week and 2.25% over the month.

United Micro Electronics ADR (UMC) has around 19833 employees, a market worth around $17.51B and $7.09B in sales. Current P/E ratio is 10.82 and Fwd P/E is 11.09. Profit margin for the company is 22.86%. Distance from 52-week low is 3.10% and -22.33% from its 52-week high. The company has generated returns on investments over the last 12 months (11.87%).

The EPS is expected to shrink by -20.24% this year.

United Micro Electronics ADR (UMC) Top Institutional Holders

The shares outstanding are 2.51B, and float is at 2.51B with Short Float at 2.14%.

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.