The stock of United Micro Electronics ADR (NYSE:UMC) last traded at $7.13, up 2.44% from the previous session.
Data from the available sources indicates that United Micro Electronics ADR (NYSE:UMC) is covered by 3 analysts. The consensus rating among analysts is ‘Underweight’. As we calculate the median target price by taking the range between a high of $5.30 and a low of $5.30, we find $5.30. Given the previous closing price of $6.96, this indicates a potential downside of -23.85 percent. UMC stock price is now 0.57% away from the 50-day moving average and -8.46% away from the 200-day moving average. The market capitalization of the company currently stands at $17.83B.
In total, 1 analysts have assigned it a hold rating, and 0 have given it a buy rating. Brokers who have rated the stock have averaged $5.30 as their price target over the next twelve months.
With the price target reduced from $6.80 to $6.46, HSBC Securities Downgraded its rating from Hold to Reduce for United Micro Electronics ADR (NYSE: UMC).
A total of 0.00% of the company’s stock is owned by insiders.
There have been several recent changes in the stakes of large investors in UMC stock. A new stake in United Micro Electronics ADR shares was purchased by RHUMBLINE ADVISERS during the first quarter worth $5,442,000. GRANTHAM, MAYO, VAN OTTERLOO & CO. LLC invested $1,792,000 in shares of UMC during the first quarter. In the first quarter, SQUAREPOINT OPS LLC acquired a new stake in United Micro Electronics ADR valued at approximately $1,393,000. SEI INVESTMENTS CO acquired a new stake in UMC for approximately $508,000. CRESSET ASSET MANAGEMENT, LLC purchased a new stake in UMC valued at around $481,000 in the second quarter. In total, there are 282 active investors with 5.17% ownership of the company’s stock.
With an opening price of $6.92 on Friday morning, United Micro Electronics ADR (NYSE: UMC) set off the trading day. During the past 12 months, United Micro Electronics ADR has had a low of $5.36 and a high of $8.97. As of last week, the company has a debt-to-equity ratio of 0.16, a current ratio of 1.67, and a quick ratio of 1.42. The fifty day moving average price for UMC is $7.09 and a two-hundred day moving average price translates $7.79 for the stock.
The latest earnings results from United Micro Electronics ADR (NYSE: UMC) was released for Jun, 2023. According to the Semiconductors Company, earnings per share came in at $0.2, beating analysts’ expectations of $0.16 by 0.04. This compares to $0.29 EPS in the same period last year. The net profit margin was 30.72% and return on equity was 25.37% for UMC. The company reported revenue of $1.84 billion for the quarter, compared to $2.45 billion a year earlier. Comparatively to last year’s same quarter, the company’s quarterly revenue fell -25.09 percent. For the current quarter, analysts expect UMC to generate $1.75B in revenue.
Moreover, the firm recently paid out its quarterly dividend on 07/26/2023. Investors who held shares on 06/27/2023 were paid a $0.5859938 dividend. On an annualized basis, this represents a $0.50 dividend and a 7.08% percent yield. There was an ex-dividend date of 06/26/2023 for this dividend. In terms of dividend payout ratio, UMC is presently at 37.44%.
United Micro Electronics ADR(UMC) Company Profile
United Microelectronics Corporation operates as a semiconductor wafer foundry in Taiwan, Singapore, China, Hong Kong, Japan, the United States, Europe, and internationally. The company provides circuit design, mask tooling, wafer fabrication, and assembly and testing services. It serves fabless design companies and integrated device manufacturers. The company was incorporated in 1980 and is headquartered in Hsinchu City, Taiwan.
