United Micro Electronics ADR (NYSE:UMC)’s traded shares stood at 10.13 million during the last session, with the company’s beta value hitting 1.12. At the close of trading, the stock’s price was $7.75, to imply an increase of 0.52% or $0.04 in intraday trading. The UMC share’s 52-week high remains $9.00, putting it -16.13% down since that peak but still an impressive 10.19% since price per share fell to its 52-week low of $6.96. The company has a valuation of $19.42B, with an average of 10.17 million shares in intraday trading volume over the past 10 days and average of 13.25 million shares over the past 3 months.
Analysts have given a consensus recommendation of Buy for United Micro Electronics ADR (UMC), translating to a mean rating of 2.00. Of 2 analyst(s) looking at the stock, 0 analyst(s) give UMC a Sell rating. 0 of those analysts rate the stock as Overweight while 1 advise Hold as 1 recommend it as a Buy. 0 analyst(s) have given it an Underweight rating. Estimates put the company’s current-quarter earnings per share at 0.17.
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United Micro Electronics ADR (NYSE:UMC) trade information
After registering a 0.52% upside in the last session, United Micro Electronics ADR (UMC) has traded red over the past five days. The 5-day price performance for the stock is 0.26%, and -12.33% over 30 days. With these gigs, the year-to-date price performance is -8.39%. Short interest in United Micro Electronics ADR (NYSE:UMC) saw shorts transact 48.11 million shares and set a 3.58 days time to cover.
The extremes give us $7.4 and $9.93 for target low and target high price respectively. As such, UMC has been trading -28.13% off suggested target high and 4.52% from its likely low.
United Micro Electronics ADR (UMC) estimates and forecasts
Looking at statistics comparing United Micro Electronics ADR share performance against respective industry, we note that the company has underperformed competitors. United Micro Electronics ADR (UMC) shares are -0.51% down over the last 6 months, with its year-to-date growth rate lower than industry average at -17.50% against -3.30%. Revenue is forecast to shrink -15.00% this quarter before falling -5.90% for the next one. The rating firms project that company’s revenue will shrink -0.20% compared to the previous financial year.
Revenue forecast for the current quarter as set by 2 analysts is 1.88B. Meanwhile, for the current quarter, a total of 2 analyst(s) estimate revenue growth to 1.87B.Earnings reports from the last fiscal year show that sales brought in 1.72B and 1.79B respectively in the corresponding quarters. In this case, analysts estimate current quarter sales to rise 9.80% before jumping 4.70% in the following quarter.
An assessment of the company’s 5-year growth patterns shows that annual earnings grew an estimated 52.18% for the past 5-year period. While 2024 is set for a -19.50% return in earnings, projections for the next 5 years are at 2.89% annually.
UMC Dividends
United Micro Electronics ADR has its next earnings report out on 2024-Oct-30. However, it is important to take into account that this dividend yield ratio is just an indicator to only serve the purpose of guidance. Investors interested to invest in the stock should ponder company’s other fundamental and operations related aspects too. United Micro Electronics ADR has a forward dividend ratio of 0.46, with the share yield ticking at 5.88% to continue the rising pattern observed over the past year. The company’s average dividend yield trailing the past 5-year period is 4.79%.
The next major institution holding the largest number of shares is VANGUARD GROUP INC with 15.22 million shares, or about 0.1226% of shares outstanding. As of the market price on 2024-06-30, these shares were worth $133.31 million.
We also have iShares Semiconductor ETF and Vanguard International Stock Index-Emerging Markets Stk as the top two Mutual Funds with the largest holdings of the United Micro Electronics ADR (UMC) shares. Going by data provided on Sep 30, 2024 , iShares Semiconductor ETF holds roughly 11.03 shares. This is just over 0.44% of the total shares, with a market valuation of $85.46 million. Data from the same date shows that the other fund manager holds a little less at 8.05, or 0.32% of the shares, all valued at about 62.4 million.
