Credit Suisse International recently announced the acquisition of new stake in United Micro Electronics ADR (NYSE:UMC). The institutional investor has increased its shareholding in the Technology company by 69.69% to 11.32 million shares with purchase of 4.65 million shares. This fresh investment now brings its stake to 0.45% valued currently at $95.79 million. In addition, Aperio Group LLC raised its holdings by 0.61 million to 10.65 million shares. And Goldman Sachs & Co. LLC has lifted its position by 131.95% or 3.68 million shares – to 6.47 million shares.
Currently, there are 2.51B common shares owned by the public and among those 2.51B shares have been available to trade.
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The top 3 mutual fund holders in United Micro Electronics ADR are Vanguard Emerging Markets Stock I, Vanguard Institutional Total Intl, and iShares Semiconductor ETF. Vanguard Emerging Markets Stock I owns 9.29 million shares of the company’s stock, all valued at over $78.59 million. Vanguard Institutional Total Intl bought 8.07 million shares to see its total holdings expand to 8.54 million shares valued at over $72.27 million and representing 0.34% of the shares outstanding. iShares Semiconductor ETF bought 0.2 million shares to bring its total holdings to over 8.04 million shares at a value of $68.02 million. iShares Semiconductor ETF now owns shares totaling to 0.32% of the shares outstanding.
The company’s stock has a 5-day price change of -1.51% and 9.80% over the past three months. UMC shares are trading -7.33% year to date (YTD), with the 12-month market performance up to 0.13% higher. It has a 12-month low price of $6.71 and touched a high of $8.97 over the same period. UMC has an average intraday trading volume of 6.76 million shares. The stock is trading above its simple moving averages at the SMA20, SMA50, and SMA200, as the current price level is off by -3.45%, -1.64%, and 1.73% respectively.
Institutional ownership of United Micro Electronics ADR (NYSE: UMC) shares accounts for 5.25% of the company’s 2.51B shares outstanding. Mutual fund holders own 1.93%, while other institutional holders and individual stakeholders account for 3.35% and — respectively.
It has a market capitalization of $19.65B and a beta (3y monthly) value of 1.16. The stock’s trailing 12-month PE ratio is 9.21, while the earnings-per-share (ttm) stands at $0.85. Price movements for the stock have been influenced by the stock’s volatility, which stands at 2.21% over the week and 2.10% over the month.
Analysts forecast that United Micro Electronics ADR (UMC) will achieve an EPS of $0.15 for the current quarter, $0.13 for the next quarter and $0.63 for 2024. The lowest estimate earnings-per-share for the quarter is $0.15 while analysts give the company a high EPS estimate of $0.16. Comparatively, EPS for the current quarter was $0.25 a year ago. Earnings per share for the fiscal year are expected to decrease by -35.51%, and -8.58% over the next financial year.
