United Micro Electronics ADR (UMC): Street Finally Waking Up

Currently, there are 2.51B common shares owned by the public and among those 2.51B shares have been available to trade.

The company’s stock has a 5-day price change of 1.29% and 17.89% over the past three months. UMC shares are trading 20.80% year to date (YTD), with the 12-month market performance down to -9.57% lower. It has a 12-month low price of $5.61 and touched a high of $9.00 over the same period. UMC has an average intraday trading volume of 13.68 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 1.34%, 9.37%, and 9.41% respectively.

Institutional ownership of United Micro Electronics ADR (NYSE: UMC) shares accounts for 6.25% of the company’s 2.51B shares outstanding.

It has a market capitalization of $19.69B and a beta (3y monthly) value of 1.07. The stock’s trailing 12-month PE ratio is 14.40, while the earnings-per-share (ttm) stands at $0.54. The company has a PEG of 2.76 and a Quick Ratio of 2.14 with the debt-to-equity ratio at 0.18. Price movements for the stock have been influenced by the stock’s volatility, which stands at 1.57% over the week and 1.49% over the month.

Analysts forecast that United Micro Electronics ADR (UMC) will achieve an EPS of 0.13 for the current quarter, 0.14 for the next quarter and 0.57 for current fiscal year. The lowest estimate earnings-per-share for the quarter is 0.12 while analysts give the company a high EPS estimate of 0.12. Comparatively, EPS for the current quarter was 0.17 a year ago. Earnings per share for the fiscal year are expected to decrease by -9.29%, and 15.79% over the next financial year. EPS should shrink at an annualized rate of 5.21% over the next five years, compared to 34.72% over the past 5-year period.

Morgan Stanley on their part issued Equal-Weight rating on October 28, 2024.

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