United Micro Electronics ADR (NYSE: UMC) is -5.55% 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 $6.23 in the last trading session, with the day’s loss setting it -0.1%.
Currently trading at $6.13, the stock is -8.05% and -4.65% below its SMA20 and SMA50 respectively. However, with a daily trading volume of 23.92 million and changing -1.61% at the moment leaves the stock -16.60% off its SMA200. UMC registered -23.37% loss for a year compared to 6-month loss of -26.06%. The firm has a 50-day simple moving average (SMA 50) of $6.4288 and a 200-day simple moving average (SMA200) of $7.3497.
The stock witnessed a -9.19% gain in the last 1 month and extending the period to 3 months gives it a -6.70%, and is -14.27% 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 4.46% over the week and 3.58% over the month.
Current P/E ratio is 10.52 and Fwd P/E is 10.03. Profit margin for the company is 20.32%. Distance from 52-week low is 9.27% and -31.89% from its 52-week high. The company has generated returns on investments over the last 12 months (10.97%).
with sales reaching $57.63B over the same period.The EPS is expected to shrink by -9.90% this year, but quarterly earnings will post 6.54% year-over-year. Quarterly sales are estimated to grow 5.49% in year-over-year returns.
United Micro Electronics ADR (UMC) Top Institutional Holders
306.0 institutions hold shares in United Micro Electronics ADR (UMC), with institutional investors hold 6.59% of the company’s shares. The shares outstanding are 2.51B, and float is at 2.51B with Short Float at 3.47%. Institutions hold 6.59% of the Float.
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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