The stock of United Microelectronics Corporation (NYSE:UMC) increased by $0.13 on Monday to finish at $7.02, up 1.89 percent. The last five days have seen an average of 5,649,960 shares of common stock traded. 20 times new highs were reached in the current year, with a gain of $0.49. The average number of shares traded over the last 20 days was 5,485,390, while the average volume over the last 50 days totaled 5,954,166.
UMC stock dropped -6.52% since last month. On 08/16/23, the company’s shares reached a one-month low of $6.71. The stock touched a high of $8.97 on 06/15/23, after rallying from a low of $5.36 in 52 weeks. The price of UMC stock has risen by 7.50% or $0.49 this year, reaching a new high 20 times. Still, the stock price is down -21.74% from the 52-week high.
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Valuation Metrics
United Microelectronics Corporation (UMC) has a trailing price-to-earnings (P/E) ratio of 7.25. Beta for the stock is 1.23. There are also a few other valuation ratios worth considering, including the trailing price-to-sales (P/S) ratio of 2.23, the price-to-book (PB) ratio of 1.69.
Company paid $0.4530 per share in dividends, an increase of 58.06% from $0.2866 last year. A $0.1664 dividend increase was reported on Wednesday June 7 2023.
Financial Health
For the three months ended June 29, United Microelectronics Corporation’s quick ratio was 1.40, while its current ratio was 1.70, indicating its ability to pay off its debt. The company’s long-term debt to equity ratio for the quarter ending June 29 is 0.13, and the total debt to equity ratio is 0.16. As far as profitability goes, gross margin for the trailing twelve months is 41.10% percent. United Microelectronics Corporation’s EBITDA margin for the year ended June 29 was 51.26%, whereas its operating margin stood at 33.10% for the same period. Based on annual data, it had gross profit of $4.09 billion and revenue of $9.07 billion.
Investors will also look at the performance of the company’s management in order to determine the potential profitability of their investment. UMC’s return on assets (ROA) during the last 12 months has been 14.50%. There was a 22.20% return on investment (ROI) in the past year. In the meantime, the return on equity (ROE) for the last 12 months was 23.40%.
Earnings Surprise
According to United Microelectronics Corporation’s quarterly financial report for the quarter that ended June 29. A higher net income was reported in the quarter under review than the previous quarter. Net income for the quarter came in at $9.07 billion, while revenues rose by 30.57% to $0.0. It was predicted that United Microelectronics Corporation’s quarterly earnings would be $0.2, but it ended up being $0.16, beating the consensus by 25.00%. EBITDA was $805.99 million for the quarter. At the end of United Microelectronics Corporation’s most recent quarter ended June 29, its liabilities totaled 7.38 billion, while its total debt was $53.22 billion.
Technical Picture
Here’s a quick look at United Microelectronics Corporation’s (UMC) price momentum from a technical perspective. As of 28 August, the RSI 9-day stood at 52.65%, suggesting the stock is Neutral, with a 25.43% historical volatility rate.
The stochastic %K and %D were 38.46% and 25.54% respectively, while the average true range (ATR) was 0.15. Based on the 14-day stochastic reading of 65.96%, the RSI (14) reading is 46.37%. On the 9-day MACD Oscillator, the stock is at 0.08.
Analyst Ratings
United Microelectronics Corporation (NYSE: UMC) was downgraded by HSBC Securities to a a Reduce rating in its latest research report. The stock was previously rated as a a Hold. Analysts have assigned United Microelectronics Corporation (UMC) an Hold rating. UMC is a stock that is recommended for selling by 1 brokerage firm, while 1 companies recommend holding. The stock is underweighted by 1 analyst. Among the analysts who rate the stock, 0 rates it overweight and 1 other recommend it as a buy.
What is UMC’s price target for the next 12 months?
The current consensus forecast for the stock is between $5.30 and $5.30, with a median target price of $5.30. In analyzing these forecasts, the average price target given by analysts for United Microelectronics Corporation (UMC) is $5.30.
