Stocks of United Micro Electronics ADR (NYSE:UMC) traded higher last session on Wall Street, down -0.13% to $7.72.
According to the data, United Micro Electronics ADR (NYSE:UMC) has 3 analysts covering its stock. 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 $7.73, this indicates a potential downside of -31.44 percent. UMC stock price is now 4.05% away from the 50-day moving average and -0.68% away from the 200-day moving average. The market capitalization of the company currently stands at $19.30B.
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A total of 0 analysts have issued a hold rating and 1 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.
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 $7.42 and a two-hundred day moving average price translates $7.77 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 $0.17 by 0.03. This compares to $0.36 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 $1.8 billion for the quarter, compared to $2.48 billion a year earlier. Comparatively to last year’s same quarter, the company’s quarterly revenue fell -27.29 percent. For the current quarter, analysts expect UMC to generate $1.7B in revenue.
