United Microelectronics Corporation (NYSE:UMC) has a beta value of 1.01 and has seen 3,700,342 shares traded in the recent trading session. The company, currently valued at $24.59 Billion, closed the recent trade at $9.59 per share which meant it lost -$0.33 on the day or -3.38% during that session. The UMC stock price is -17.62% off its 52-week high price of $11.28 and 76.43% above the 52-week low of $2.26. If we look at the company’s 10-day average daily trading volume, we find that it stood at 5.11 Million shares traded. The 3-month trading volume is 7.63 Million shares.
The consensus among analysts is that United Microelectronics Corporation (UMC) is an Overweight stock at the moment, with a recommendation rating of 2. 1 analysts rate the stock as a Sell, while 4 rate it as Overweight. 5 out of 26 have rated it as a Hold, with 15 advising it as a Buy. 1 have rated the stock as Underweight.
United Microelectronics Corporation (NYSE:UMC) trade information
Despite being -3.38% in the red today, the stock has traded in the green over the last five days, with the highest price hit on Tuesday, Apr 27 when the UMC stock price touched $10.97- or saw a rise of 12.49%. Year-to-date, United Microelectronics Corporation shares have moved 13.88%, while the 5-day performance has seen it change -14.21%. Over the past 30 days, the shares of United Microelectronics Corporation (NYSE:UMC) have changed 3.67%. Short interest in the company has seen 11.26 Million shares shorted with days to cover at 1.48.
Wall Street analysts have a consensus price target for the stock at $12.48, which means that the shares’ value could jump 30.14% from the levels at last check today. The projected low price target is $5.89 while the price target rests at a high of $21.48. In that case, then, we find that the latest price level in today’s session is +123.98% off the targeted high while a plunge would see the stock lose -38.58% from the levels at last check today.
United Microelectronics Corporation (UMC) estimates and forecasts
If we evaluate the company’s growth over the last 5-year and for the next 5-year period, we find that annual earnings growth was +18.1% over the past 5 years. Earnings growth for 2021 is a modest +209.1% while over the next 5 years, the company’s earnings are expected to increase by 22.4%.
United Microelectronics Corporation is expected to release its next earnings report in June, and investors are excited at the prospect of better dividends despite the company’s debt issue. The forward dividend is 0.14 at a share yield of 1.37%. The company’s dividend yield has gone up over the past 12 months, with a 5 Year Average Dividend Yield of 4.01%.
United Microelectronics Corporation (NYSE:UMC)’s Major holders
Insiders own 0% of the company shares, while shares held by institutions stand at 3.74% with a share float percentage of 3.74%. Investors are also buoyed by the number of investors in a company, with United Microelectronics Corporation having a total of 220 institutions that hold shares in the company. The top two institutional holders are Vanguard Group, Inc. (The) with over 20.9 Million shares worth more than $176.15 Million. As of December 30, 2020, Vanguard Group, Inc. (The) held 0.84% of shares outstanding.
The other major institutional holder is Renaissance Technologies, LLC, with the holding of over 18.2 Million shares as of December 30, 2020. The firm’s total holdings are worth over $153.42 Million and represent 0.73% of shares outstanding.
Also the top two Mutual Funds that are holding company’s shares are Vanguard International Stock Index-Emerging Markets Stk and Vanguard Intl Equity Index Fds-FTSE All World ex U.S. Index Fund. As of January 30, 2021, the former fund manager holds about 0.55% shares in the company for having 13574058 shares of worth $122.85 Million while later fund manager owns 2.93 Million shares of worth $26.51 Million as of January 30, 2021, which makes it owner of about 0.12% of company’s outstanding stock.