United Micro Electronics ADR (NYSE: UMC) is -8.02% lower on its value in year-to-date trading and has touched a low of $5.61 and a high of $8.95 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 $7.5 in the last trading session, with the day’s loss setting it -0.16%.
Currently trading at $7.34, the stock is -3.36% and -5.42% below its SMA20 and SMA50 respectively. However, with a daily trading volume of 5.82 million and changing -2.13% at the moment leaves the stock 4.44% off its SMA200. UMC registered 13.10% gain for a year compared to 6-month gain of 16.88%. The firm has a 50-day simple moving average (SMA 50) of $7.7608 and a 200-day simple moving average (SMA200) of $7.0282.
The stock witnessed a -10.27% loss in the last 1 month and extending the period to 3 months gives it a 9.23%, and is -1.87% 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 1.44% over the week and 1.51% over the month.
Current P/E ratio is 13.48 and Fwd P/E is 12.16. Profit margin for the company is 18.93%. Distance from 52-week low is 30.84% and -17.99% from its 52-week high. The company has generated returns on investments over the last 12 months (10.34%).
with sales reaching $61.64B over the same period.The EPS is expected to shrink by -10.34% this year, but quarterly earnings will post 6.12% year-over-year. Quarterly sales are estimated to grow 8.53% in year-over-year returns.
United Micro Electronics ADR (UMC) Top Institutional Holders
291.0 institutions hold shares in United Micro Electronics ADR (UMC), with institutional investors hold 6.40% of the company’s shares. The shares outstanding are 2.51B, and float is at 2.51B with Short Float at 2.46%. Institutions hold 6.40% 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.
