In recent trading session, United Micro Electronics ADR (NYSE:UMC) saw 2.48 million shares changing hands at last check today with its beta currently measuring 1.12. Company’s recent per share price level of $8.77 trading at $0.08 or 0.98% at last check today assigns it a market valuation of $21.99B. That most recent trading price of UMC’s stock is at a discount of -2.62% from its 52-week high price of $9.00 and is indicating a premium of 22.35% from its 52-week low price of $6.81. Taking a look at company’s average trading volume for last 10-days demonstrates a volume of 12.28 million shares which gives us an average trading volume of 13.77 million if we extend that period to 3-months.
For United Micro Electronics ADR (UMC), analysts’ consensus is at an average recommendation of Buy while assigning it a mean rating of 2.00. Splitting up the data highlights that, out of 2 analysts covering the stock, 0 rated the stock as a Sell while 0 recommended an Overweight rating for the stock. 1 suggested the stock as a Hold whereas 1 see the stock as a Buy. 0 analyst(s) advised it as an Underweight. The company is expected to be making an EPS of 0.17 in the current quarter.
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United Micro Electronics ADR (NYSE:UMC) trade information
Upright in the green today for gaining 0.98%, in the last five days UMC remained trading in the green while hitting it’s week-highest on Thursday, 09/26/24 when the stock touched $8.77 price level, adding 0.9% to its value on the day. United Micro Electronics ADR’s shares saw a change of 3.72% in year-to-date performance and have moved 2.99% in past 5-day. United Micro Electronics ADR (NYSE:UMC) showed a performance of 1.80% in past 30-days. Number of shares sold short was 46.38 million shares which calculate 3.47 days to cover the short interests.
Wall Street analysts have assigned a consensus price target of 9.93 to the stock, which implies a rise of 11.68% to its recent value today. Analysts have been projecting 9.93 as a low price target for the stock while placing it at a high target of 9.93. It follows that stock’s current price would drop -13.23% in reaching the projected high whereas dropping to the targeted low would mean a loss of -13.23% for stock’s current value.
United Micro Electronics ADR (UMC) estimates and forecasts
Statistics highlight that United Micro Electronics ADR is scoring comparatively lower than the scores of other players of the relevant industry. The company added 9.96% of value to its shares in past 6 months, showing an annual growth rate of -17.50% while that of industry is -6.30. Apart from that, the company came lowering its revenue forecast for fiscal year 2024. This year revenue growth is estimated to rise 0.90% from the last financial year’s standing.
2 industry analysts have given their estimates about the company’s current quarter revenue by setting an average figure of 1.9B for the same. And 2 analysts are in estimates of company making revenue of 1.94B in the next quarter. Company posted 1.72B and 1.79B of sales in current and next quarters respectively a year earlier.
Weighing up company’s earnings over the past 5-year and in the next 5-year periods, we find the company posting an annual earnings growth rate of 52.18% during past 5 years. In 2024, company’s earnings growth rate is likely to be around -19.38% while estimates for its earnings growth in next 5 years are of -6.70%.
UMC Dividends
United Micro Electronics ADR is more likely to be releasing its next quarterly report on 2024-Oct-30 and investors are confident in the company announcing better current-quarter dividends despite the fact that it has been facing issues arising out of mounting debt. With an annual yield of 5.19%, the share has a forward dividend of 0.46 which implies that company’s dividend yield remained growing in trailing twelve months while having a 5 year average dividend yield of 4.78%.
United Micro Electronics ADR (NYSE:UMC)’s Major holders
BLACKROCK INC. is the top institutional holder at UMC for having 23.11 million shares of worth $202.42 million. And as of 2024-06-30, it was holding 0.1861 of the company’s outstanding shares.
The second largest institutional holder is VANGUARD GROUP INC, which was holding about 15.22 million shares on 2024-06-30. The number of shares represents firm’s hold over 0.1226 of outstanding shares, having a total worth of $133.31 million.
