United Micro Electronics ADR (UMC) Is Down -18.79% in 2024 With Lots of Room to Run

United Micro Electronics ADR (NYSE: UMC) is -18.79% lower on its value in year-to-date trading and has touched a low of $6.71 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 $6.85 in the last trading session, with the day’s gains setting it 0.02%.

Currently trading at $6.87, the stock is -1.52% and -10.74% below its SMA20 and SMA50 respectively. However, with a daily trading volume of 9.4 million and changing 0.29% at the moment leaves the stock -15.02% off its SMA200. UMC registered -12.82% loss for a year compared to 6-month loss of -22.55%. The firm has a 50-day simple moving average (SMA 50) of $7.7294 and a 200-day simple moving average (SMA200) of $8.09075.

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The stock witnessed a -11.35% gain in the last 1 month and extending the period to 3 months gives it a -20.30%, and is -1.01% 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 1.77% over the week and 2.12% over the month.

United Micro Electronics ADR (UMC) has around 19833 employees, a market worth around $17.21B and $7.09B in sales. Current P/E ratio is 10.64 and Fwd P/E is 10.92. Profit margin for the company is 22.86%. Distance from 52-week low is 2.38% and -23.67% from its 52-week high. The company has generated returns on investments over the last 12 months (11.87%).

with sales reaching $59.87B over the same period.The EPS is expected to shrink by -20.38% this year, but quarterly earnings will post 4.13% year-over-year. Quarterly sales are estimated to grow 8.94% 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 2.34%.

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.