United Micro Electronics ADR (NYSE: UMC) is -1.08% lower on its value in year-to-date trading and has touched a low of $5.61 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 $6.45 in the last trading session, with the day’s loss setting it -0.03%.
Currently trading at $6.42, the stock is 2.19% and 2.31% above its SMA20 and SMA50 respectively. However, with a daily trading volume of 22.17 million and changing -0.47% at the moment leaves the stock -15.31% off its SMA200. UMC registered -14.85% loss for a year compared to 6-month loss of -25.35%.
The stock witnessed a 9.93% gain in the last 1 month and extending the period to 3 months gives it a -6.28%, and is -1.38% 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 2.53% over the week and 2.03% over the month.
United Micro Electronics ADR (UMC) has around 19833 employees, a market worth around $16.13B and $7.23B in sales. Current P/E ratio is 9.94 and Fwd P/E is 10.49. Profit margin for the company is 20.32%. Distance from 52-week low is 14.44% and -28.67% from its 52-week high. The company has generated returns on investments over the last 12 months (10.76%).
with sales reaching $57.71B over the same period.The EPS is expected to shrink by -9.44% this year, but quarterly earnings will post 6.29% year-over-year. Quarterly sales are estimated to grow 5.63% 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 3.17%.
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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United Micro Electronics ADR (UMC): Who are the competitors?
The company’s main competitors (and peers) include D’Ieteren N.V. S.A. ADR (SIETY) that is trading -12.95% down over the past 12 months. Tower Semiconductor Ltd. (TSEM) that is 24.03% higher over the same period.
