In today’s recent session, 1.9 million shares of the United Micro Electronics ADR (NYSE:UMC) have been traded, and its beta is 1.12. Most recently the company’s share price was $8.59, and it changed around -$0.03 or -0.41% from the last close, which brings the market valuation of the company to $21.51B. UMC at last check was trading at a discount to its 52-week high of $9.00, offering almost -4.77% off that amount. The share price’s 52-week low was $6.81, which indicates that the recent value has risen by an impressive 20.72% since then. We note from United Micro Electronics ADR’s average daily trading volume that its 10-day average is 12.28 million shares, with the 3-month average coming to 12.15 million.
United Micro Electronics ADR stock received a consensus recommendation rating of Hold, based on a mean score of 2.00. If we narrow it down even further, the data shows that 0 out of 3 analysts rate the stock as a Sell; another 0 rate it as Overweight. Among the rest, 2 recommended UMC as a Hold, whereas 1 deemed it a Buy, and 0 rated it as Underweight. United Micro Electronics ADR is expected to report earnings per share of 0.17 for the current quarter.
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United Micro Electronics ADR (NYSE:UMC) trade information
Instantly UMC has been showing red trend so far today with a performance of -0.41% on intraday trading today. The performance over the last five days has remained in the red territory. The rise to weekly highs of 8.91 on recent trading dayincreased the stock’s daily price by 3.59%. The company’s shares are currently up 1.48% year-to-date, but still down -3.43% over the last five days. On the other hand, United Micro Electronics ADR (NYSE:UMC) is 15.55% up in the 30-day period. We can see from the shorts that 47.42 million shares have been sold at a short interest cover period of 2.78 day(s).
The consensus price target as assigned by Wall Street analysts is $9.93, which translates to bulls needing to increase their stock price by 13.49% from its current value. Analyst projections state that UMC is forecast to be at a low of $9.93 and a high of $9.93.
United Micro Electronics ADR (UMC) estimates and forecasts
United Micro Electronics ADR share prices are performing particularly well not compared to other companies within the same industry. As is evident from the statistics, the company’s shares have risen 13.86 percent over the past six months and at a -20.00% annual growth rate that is well below the industry average of -6.40%. The year-over-year growth rate is expected to be -0.60%, down from the previous year.
Consensus estimates provided by 2 financial analysts predict the company will bring in an average of 1.87B in revenue for the current quarter. 2 analysts expect United Micro Electronics ADR to make 1.91B in revenue for the current ending quarter. The company’s sales for the same quarters a year ago were 1.72B and 1.79B respectively. Analysts predict that the company’s current quarter sales will jump, forecast at 8.90%. Forecasts for the next quarter put sales growth at 6.80%.
Looking at the company’s year-over-year earnings, the past five years showed a positive earnings growth rate of 52.18%. United Micro Electronics ADR earnings are expected to increase by -19.66% in 2024, but the outlook is negative -6.70% per year for the next five years.
UMC Dividends
United Micro Electronics ADR’s next quarterly earnings report is expected to be released on 2024-Oct-30. The annual dividend yield of the stock is 5.31 percent and its annual dividend per share was 0.46. It is important to note, however, that the 5.31% dividend yield ratio should be regarded as a guide only, as many other factors should be taken into consideration before making any investment decision. The average dividend yield for the past five years averaged 4.77 per year.
United Micro Electronics ADR (NYSE:UMC)’s Major holders
VANGUARD GROUP INC, with 0.1226% or 15.22 million shares worth $133.31 million as of 2024-06-30, holds the second largest percentage of outstanding shares.
iShares Semiconductor ETF and Vanguard International Stock Index-Emerging Markets Stk were the top two Mutual Funds as of Jul 31, 2024 . The former held 11.7 shares worth $99.83 million, making up 0.47% of all outstanding shares. On the other hand, Vanguard International Stock Index-Emerging Markets Stk held roughly 8.64 shares worth around $73.74 million, which represents about 0.34% of the total shares outstanding.
