As of Thursday close, United Microelectronics Corporation’s (NYSE:UMC) stock was up $0.01, moving up 0.15 percent to $6.74. The average number of shares traded per day over the past five days has been 5,901,220 shares. 3 times new highs have been achieved over the past 5 days, with a -$0.35 fall in that time frame. In the last twenty days, the average volume was 5,898,825, while in the previous 50 days, it was 6,007,402.
Since last month, UMC stock retreated -11.90%. Shares of the company fell to $6.71 on 08/16/23, the lowest level in the past month. A 52-week high of $8.97 was reached on 06/15/23 after having rallying from a 52-week low of $5.36. Since the beginning of this year, UMC’s stock price has risen by 3.22% or $0.21, and marked a new high 20 times. However, the stock has declined by -24.86% since its 52-week high.
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Valuation Metrics
Right now, United Microelectronics Corporation (UMC) has a P/E ratio of about 6.96. The stock’s beta is 1.23. Besides these, the trailing price-to-sales (P/S) ratio of 2.16, the price-to-book (PB) ratio of 1.62.
The latest dividend of $0.4530 per share was paid out, which is 58.06% more than last year’s $0.2866. On Wednesday June 7 2023, a $0.1664 dividend increase was announced.
Financial Health
In the three months ended June 29, United Microelectronics Corporation’s quick ratio stood at 1.40, while its current ratio was 1.70, showing that the company is able to pay off its debt. According to company report, the long-term debt-to-equity ratio for the quarter ending June 29 was 0.13, and the total debt-to-equity ratio was 0.16. On the profitability front, the trailing twelve-month gross margin is 41.10% percent. In the year ended June 29, EBITDA margin amounted to 51.26%, whereas operating margins totaled 33.10%. Based on annual data, UMC earned $4.09 billion in gross profit and brought in $9.07 billion in revenue.
A company’s management is another factor that investors consider when determining the profitability of an investment. In the past year, return on investment (ROI) was 22.20%. Return on equity (ROE) for the past 12 months was 23.40%.
In United Microelectronics Corporation’s quarter-end financial report for June 29, it reported total debt of $219.99 million against cash and short-term investments of $1.31 million. According to the earnings report, the company had a lower net income in the recent quarter than it did in the previous quarter. UMC’s revenue rose 30.57% during the quarter, while net income inched up to $9.07 billion. While analysts expected United Microelectronics Corporation to report $0.16 quarterly earnings, the actual figure was $0.2 per share, beating the consensus estimate by 25.00%. During the quarter, the company generated $771.56 million in EBITDA. The liabilities of United Microelectronics Corporation were 6.39 billion at the end of its most recent quarter ended June 29, and its total debt was $53.22 billion.
Technical Picture
This quick technical analysis looks at United Microelectronics Corporation’s (UMC) price momentum. With a historical volatility rate of 22.81%, the RSI 9-day stood at 25.77% on 17 August.
With respect to its five-day moving average, the current United Microelectronics Corporation price is down by -4.94% percent or -$0.35. At present, UMC shares trade -6.00% below its 20-day simple moving average and -21.63% percent below its 100-day simple moving average. However, the stock is currently trading approximately -18.40% below its SMA50 and +11.96% above its SMA200.
Stochastic coefficient K was 3.55% and Stochastic coefficient D was 7.58%, while ATR was 0.16. Given the Stochastic reading of 3.73% for the 14-day period, the RSI (14) reading has been calculated as 29.41%. As of today, the MACD Oscillator reading stands at -0.20, while the 14-day reading stands at -0.31.
Analyst Ratings
United Microelectronics Corporation downgraded its rating on United Microelectronics Corporation (NYSE: UMC) to a Reduce in a note to investors on April 27, 2023. The analysts firm previously had a Hold rating on the stock.United Microelectronics Corporation (UMC) has been rated Hold by analysts. According to 1 brokerage firm, UMC is a sell, and 1 firms recommend it is a Hold. There are 1 analyst who say the stock is underweight. A total of 0 analysts rate United Microelectronics Corporation stock as buy, with 1 recommending it as overweight.
With a median target price of $5.30, the current consensus forecast for the stock is $5.30 – $5.30. Based on these forecasts, analysts predict United Microelectronics Corporation (UMC) will achieve an average price target of $5.30.
