United Micro Electronics ADR (NYSE:UMC) has a beta value of 1.12 and has seen 20.54 million shares traded in the last trading session. The company, currently valued at $20.65B, closed the last trade at $8.24 per share which meant it lost -$0.53 on the day or -6.04% during that session. The UMC stock price is -9.22% off its 52-week high price of $9.00 and 17.35% above the 52-week low of $6.81. If we look at the company’s 10-day average daily trading volume, we find that it stood at 12.15 million shares traded. The 3-month trading volume is 12.26 million shares.
The consensus among analysts is that United Micro Electronics ADR (UMC) is Buy stock at the moment, with a recommendation rating of 2.00. 0 analysts rate the stock as a Sell, while 0 rate it as Overweight. 1 out of 2 have rated it as a Hold, with 1 advising it as a Buy. 0 have rated the stock as Underweight. The expected earnings per share for the stock is 0.17.
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United Micro Electronics ADR (NYSE:UMC) trade information
Sporting -6.04% in the red in last session, the stock has traded in the red over the last five days, with the highest price hit on recent trading when the UMC stock price touched $8.24 or saw a rise of 6.47%. Year-to-date, United Micro Electronics ADR shares have moved -2.60%, while the 5-day performance has seen it change -4.19%. Over the past 30 days, the shares of United Micro Electronics ADR (NYSE:UMC) have changed 4.57%. Short interest in the company has seen 47.42 million shares shorted with days to cover at 2.78.
Wall Street analysts have a consensus price target for the stock at $9.93, which means that the shares’ value could jump 17.02% from current levels. The projected low price target is $9.93 while the price target rests at a high of $9.93. In that case, then, we find that the current price level is -20.51% off the targeted high while a plunge would see the stock gain -20.51% from current levels.
United Micro Electronics ADR (UMC) estimates and forecasts
Figures show that United Micro Electronics ADR shares have underperformed across the wider relevant industry. The company’s shares have gained 6.46% over the past 6 months, with this year growth rate of -20.00%, compared to -6.10% for the industry. Revenue growth from the last financial year stood is estimated to be -0.60%.
2 analysts offering their estimates for the company have set an average revenue estimate of 1.87B for the current quarter. 2 have an estimated revenue figure of 1.91B for the next ending quarter. Year-ago sales stood 1.72B and 1.79B respectively for this quarter and the next, and analysts expect sales will grow by 8.90% for the current quarter and -0.60% for the next.
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 52.18% over the past 5 years. Earnings growth for 2024 is a modest -19.58% while over the next 5 years, the company’s earnings are expected to decrease by -6.70%.
UMC Dividends
United Micro Electronics ADR is expected to release its next earnings report on 2024-Oct-30 this year, and investors are excited at the prospect of better dividends despite the company’s debt issue. The forward dividend is 0.46 at a share yield of 5.53%. The company’s dividend yield has gone up over the past 12 months, with a 5 Year Average Dividend Yield of 4.78%.
United Micro Electronics ADR (NYSE:UMC)’s Major holders
The top two institutional holders are BLACKROCK INC. with over 23.11 million shares worth more than $202.42 million. As of 2024-06-30, BLACKROCK INC. held 0.1861% of shares outstanding.
The other major institutional holder is VANGUARD GROUP INC, with the holding of over 15.22 million shares as of 2024-06-30. The firm’s total holdings are worth over $133.31 million and represent 0.1226% of shares outstanding.
Also the top two Mutual Funds that are holding company’s shares are iShares Semiconductor ETF and Vanguard International Stock Index-Emerging Markets Stk. As of Jul 31, 2024, the former fund manager holds about 0.47% shares in the company for having 11.7 shares of worth $96.38 million while later fund manager owns 8.64 shares of worth $71.19 million as of Apr 30, 2024, which makes it owner of about 0.34% of company’s outstanding stock.
