What is United Micro Electronics ADR’s (NYSE:UMC) current market value? Can you beat the fundamentals?

In yesterday’s Wall Street session, United Micro Electronics ADR (NYSE:UMC) shares traded at $7.66, up 3.51% from the previous session.

3 analysts cover United Micro Electronics ADR (NYSE:UMC), according to research data. The consensus rating among analysts is ‘Hold’. 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 $7.40, this indicates a potential downside of -28.38 percent. UMC stock price is now 6.23% away from the 50-day moving average and -1.92% away from the 200-day moving average. The market capitalization of the company currently stands at $19.15B.

The stock has received a hold rating from 0 analysts and a buy rating from 1. 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.

On Friday morning United Micro Electronics ADR (NYSE: UMC) stock kicked off with the opening price of $7.48. During the past 12 months, United Micro Electronics ADR has had a low of $6.48 and a high of $8.97. As of last week, the company has a debt-to-equity ratio of 0.24, a current ratio of 2.37, and a quick ratio of 1.97. The fifty day moving average price for UMC is $7.22 and a two-hundred day moving average price translates $7.81 for the stock.

The latest earnings results from United Micro Electronics ADR (NYSE: UMC) was released for Sep, 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 28.41% and return on equity was 20.76% 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.

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.

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