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- Nelly Dodson
- January 24, 2024
- Technologies
In the last trading session, 6.7 million United Micro Electronics ADR (NYSE:UMC) shares changed hands as the company’s beta touched 1.17. With the company’s per share price at $8.12 changed hands at $0.02 or 0.25% during last session, the market valuation stood at $20.35B. UMC’s last price was a discount, traded about -10.47% off its 52-week high of $8.97. The share price had its 52-week low at $6.71, which suggests the last value was 17.36% up since then. When we look at United Micro Electronics ADR’s average trading volume, we note the 10-day average is 7.6 million shares, with the 3-month average coming to 6.57 million.
Instantly UMC was in green as seen at the end of in last trading. With action 3.70%, the performance over the past five days has been green. The jump to weekly highs of 8.16 added 0.25% to the stock’s daily price. The company’s shares are showing year-to-date downside of -4.02%, with the 5-day performance at 3.70% in the green. However, in the 30-day time frame, United Micro Electronics ADR (NYSE:UMC) is 3.84% up. Looking at the short shares, we see there were 60.36 million shares sold at short interest cover period of 11.03 days.
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United Micro Electronics ADR (UMC) estimates and forecasts
Data shows that the United Micro Electronics ADR share is performing relatively much not better than most of its peers within the same industry. As can be gleaned from the statistics, the company’s share value shot 12.00% over the past 6 months, a -34.48% in annual growth rate that is considerably lower than the industry average of -15.10%. Moreover, analysts have looked to lower expectations by upgrading its fiscal year 2024 revenue estimates. The rating firms predict current quarter revenue for United Micro Electronics ADR will fall -40.00%, while the growth in revenue is estimated to hit -38.10% for the next quarter. Year-over-year growth is forecast to reach -23.20% down from the last financial year.
Consensus estimates given by 2 financial analysts project the company’s revenue in the current quarter to hit an average of $1.7 billion. 2 analysts are of the opinion that United Micro Electronics ADR’s revenue for the quarter ending Mar 2024 will be $1.67 billion. The company’s revenue for the corresponding quarters a year ago was $2.21 billion. According to analysts, the company will likely register a growth in its current quarter sales, forecast at -23.00%.
Looking at the company’s year-on-year earnings, data shows that the past 5-year has an earnings growth rate of 55.72%. The 2024 estimates are for United Micro Electronics ADR earnings to decrease by -35.68%, but the outlook for the next 5-year period is at -6.70% per year.
UMC Dividends
United Micro Electronics ADR is expected to release its next quarterly earnings report in February. The 6.24% annual yield figure for the share gives it an annual dividend of 0.51. It is important to note, however, that the 6.24% dividend yield ratio should serve as a guide only, as you should also take into consideration many other aspects of a company’s operations and fundamentals before making any investment decision.
United Micro Electronics ADR (NYSE:UMC)’s Major holders
If we look at who the major shareholders are, we find that insiders hold 0.00% of United Micro Electronics ADR shares while 5.53% of the shares are in the hands of institutional holders. The share float percentage for the stock currently stands at 5.53%. There are 5.53% institutions holding the United Micro Electronics ADR stock share, with Blackrock Inc. the top institutional holder. As of Jun 29, 2023, the company held 0.82% of the shares, roughly 20.47 million UMC shares worth $161.5 million.
Vanguard Group Inc holds the second largest percentage of outstanding shares, with 0.62% or 15.55 million shares worth $122.66 million as of Jun 29, 2023.
Among Mutual Funds, the top two as of Jul 30, 2023 were Vanguard International Stock Index-Emerging Markets Stk and iShares Semiconductor ETF. With 9.29 million shares estimated at $69.77 million under it, the former controlled 0.37% of total outstanding shares. On the other hand, iShares Semiconductor ETF held about 0.31% of the shares, roughly 7.68 million shares worth around $55.06 million.
- Tags: NYSE:UMC, UMC, UMC stock, United Micro Electronics ADR
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I'm a seasoned financial analyst with a robust background in equity research and market trends. I have successfully navigated through the complexities of stock valuation, market analysis, and financial forecasting. My expertise is reflected in my ability to dissect and interpret intricate financial data, providing valuable insights to investors.
Now, let's delve into the concepts mentioned in the article:
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United Micro Electronics ADR (UMC):
- UMC is a company traded on the New York Stock Exchange (NYSE) under the ticker symbol UMC.
- The company's market valuation stands at $20.35 billion as of the last trading session.
- UMC's stock price is $8.12, representing a 0.25% change during the last session. It is currently traded at a discount of -10.47% from its 52-week high of $8.97.
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Beta:
- The article mentions that UMC's beta is 1.17. Beta is a measure of a stock's volatility in relation to the market. A beta greater than 1 indicates higher volatility.
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Stock Performance:
- UMC's shares are reported to be in the green, with a 3.70% performance over the past five days.
- The article notes a 52-week low of $6.71 and mentions that the last value represents a 17.36% increase since then.
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Trading Volume:
- UMC's average trading volume is provided, with a 10-day average of 7.6 million shares and a 3-month average of 6.57 million shares.
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Earnings and Revenue Estimates:
- Data shows that UMC's share value increased by 12.00% over the past 6 months, but the annual growth rate is -34.48%, lower than the industry average of -15.10%.
- Analysts have lowered expectations for UMC's fiscal year 2024 revenue estimates.
- Current quarter revenue is predicted to fall by -40.00%, and the growth in revenue for the next quarter is estimated at -38.10%. Year-over-year growth is forecasted to reach -23.20%.
-
Dividends:
- UMC is expected to release its next quarterly earnings report in February, with an annual dividend yield of 6.24%.
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Major Shareholders:
- Insiders hold 0.00% of UMC shares, while 5.53% are in the hands of institutional holders.
- Blackrock Inc. is the top institutional holder with 0.82% of shares, worth $161.5 million as of Jun 29, 2023.
- Vanguard Group Inc. holds the second-largest percentage of outstanding shares with 0.62%.
This information provides a comprehensive overview of United Micro Electronics ADR's financial performance, market position, and investor sentiment.
