During the recent session, United Microelectronics Corporation (NYSE:UMC)’s traded shares were 3.08 million, with the beta value of the company hitting 1.01. At the last check today, the stock’s price was $7.06, reflecting an intraday loss of -5.11% or -$0.38. The 52-week high for the UMC share is $12.68, that puts it down -79.6 from that peak though still a striking -4.67% loss since the share price plummeted to a 52-week low of $7.39. The company’s market capitalization is $19.30B, and the average trade volume was 8.93 million shares over the past three months.
United Microelectronics Corporation (UMC) received a consensus recommendation of a Hold from analysts. That translates to a mean rating of 3.30. UMC has a Sell rating from 0 analyst(s) out of 3 analysts who have looked at this stock. 1 analyst(s) recommend to Hold the stock while 1 suggest Overweight, and 0 recommend a Buy rating for it. 1 analyst(s) has rated the stock Underweight. Company’s earnings per share (EPS) for the current quarter are expected to be $0.3.
United Microelectronics Corporation (NYSE:UMC) trade information
United Microelectronics Corporation (UMC) registered a -5.11% downside in the last session and has traded in the red over the past 5 sessions. The stock plummet -5.11% in intraday trading to $7.06 this Wednesday, 06/22/22, hitting a weekly high. The stock’s 5-day price performance is -9.60%, and it has moved by -12.98% in 30 days. Based on these gigs, the overall price performance for the year is -18.69%.
The consensus price target of analysts on Wall Street is $6.10, which implies a decrease of -15.74% to the stock’s current value. The extremes of the forecast give a target low and a target high price of $6.10 and $6.10 respectively. As a result, UMC is trading at a premium of 13.6% off the target high and 13.6% off the low.
United Microelectronics Corporation (UMC) estimates and forecasts
Statistics show that United Microelectronics Corporation has outperformed its competitors in share price, compared to the industry in which it operates. United Microelectronics Corporation (UMC) shares have gone down -31.93% during the last six months, with a year-to-date growth rate more than the industry average at 51.81% against 15.40. Yet analysts are ramping up their growth forecast for the fiscal year 2022. Revenue is predicted to grow 66.70% this quarter and then jump 15.40% in the quarter after that. In the rating firms’ projections, revenue will increase 21.10% compared to the previous financial year.
Revenue for the current quarter is expected to be $2.39 billion as predicted by 1 analyst(s). Meanwhile, a consensus of 1 analyst(s) estimates revenue growth to $2.41 billion by the end of Sep 2022. As per earnings report from last fiscal year’s results, sales for the corresponding quarters totaled $1.83 billion and $2.01 billion respectively. In this case, analysts expect current quarter sales to grow by 30.80% and then jump by 20.20% in the coming quarter.
An analysis of the company’s performance over the past 5 years shows that the company’s earnings grew an estimated 47.80%. While earnings are projected to return 90.90% in 2022, the next five years will return 34.10% per annum.
United Microelectronics Corporation is due to release its next quarterly earnings in July. However, it is important to remember that the dividend yield ratio is merely an indicator meant to only serve as guidance. Investors should also take the other fundamental and operational aspects into account before investing in the stock. The forward dividend ratio for United Microelectronics Corporation is 0.52, with the dividend yield indicating at 6.95 percent, continuing the trend of increasing dividends in recent years. The average dividend yield of the company for the last 5 years is 3.58%.
United Microelectronics Corporation (NYSE:UMC)’s Major holders
United Microelectronics Corporation insiders own 0.00% of total outstanding shares while institutional holders control 4.96%, with the float percentage being 4.96%. Blackrock Inc. is the largest shareholder of the company, while 311 institutions own stock in it. As of Dec 30, 2021, the company held over 17.65 million shares (or 0.71% of all shares), a total value of $206.49 million in shares.
The next largest institutional holding, with 17.84 million shares, is of Vanguard Group, Inc. (The)’s that is approximately 0.71% of outstanding shares. At the market price on Dec 30, 2021, these shares were valued at $208.71 million.
Also, the Mutual Funds coming in first place with the largest holdings of United Microelectronics Corporation (UMC) shares are Vanguard International Stock Index-Emerging Markets Stk and iShares Semiconductor ETF. Data provided on Jan 30, 2022 indicates that Vanguard International Stock Index-Emerging Markets Stk owns about 12.02 million shares. This amounts to just over 0.48 percent of the company’s overall shares, with a $118.19 million market value. The same data shows that the other fund manager holds slightly less at 6.51 million, or about 0.26% of the stock, which is worth about $63.98 million.