In last trading session, United Micro Electronics ADR (NYSE:UMC) saw 10.05 million shares changing hands with its beta currently measuring 1.11. Company’s recent per share price level of $7.73 trading at -$0.27 or -3.37% at ring of the bell on the day assigns it a market valuation of $19.37B. That closing price of UMC’s stock is at a discount of -16.43% from its 52-week high price of $9.00 and is indicating a premium of 9.96% from its 52-week low price of $6.96. Taking a look at company’s average trading volume for last 10-days demonstrates a volume of 9.4 million shares which gives us an average trading volume of 13.79 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.

United Micro Electronics ADR (NYSE:UMC) trade information

Upright in the red during last session for losing -3.37%, in the last five days UMC remained trading in the red while hitting it’s week-highest on Thursday, 10/17/24 when the stock touched $7.73 price level, adding 6.19% to its value on the day. United Micro Electronics ADR’s shares saw a change of -8.63% in year-to-date performance and have moved -4.45% in past 5-day. United Micro Electronics ADR (NYSE:UMC) showed a performance of -9.27% in past 30-days. Number of shares sold short was 48.11 million shares which calculate 3.58 days to cover the short interests.

Wall Street analysts have assigned a consensus price target of 8.66 to the stock, which implies a rise of 10.79% to its current value. Analysts have been projecting 7.4 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 jump 4.27% in reaching the projected high whereas dropping to the targeted low would mean a gain of 4.27% 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 4.46% of value to its shares in past 6 months, showing an annual growth rate of -17.50% while that of industry is -3.30. Apart from that, the company came lowering its revenue forecast for fiscal year 2024.

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 -19.51% while estimates for its earnings growth in next 5 years are of 2.89%.

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 5.90%, 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 4.79%.

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.