Universal Display Corporation (NASDAQ:OLED) Director Rosemarie B. Greco sold 1,250 shares of the firm’s stock in a transaction on Thursday, November 9th. The stock was sold at an average price of $168.63, for a total transaction of $210,787.50. Following the completion of the sale, the director now directly owns 12,800 shares in the company, valued at approximately $2,158,464. The sale was disclosed in a document filed with the SEC, which can be accessed through this hyperlink.
Shares of Universal Display Corporation (OLED) opened at $175.90 on Friday. The firm has a market cap of $8,274.51, a PE ratio of 86.23 and a beta of 1.03. Universal Display Corporation has a 52 week low of $52.10 and a 52 week high of $176.50.
Universal Display Corporation (NASDAQ:OLED) last announced its earnings results on Thursday, November 2nd. The semiconductor company reported $0.28 earnings per share for the quarter, beating analysts’ consensus estimates of $0.09 by $0.19. Universal Display Corporation had a net margin of 32.92% and a return on equity of 16.67%. The firm had revenue of $61.70 million for the quarter, compared to analyst estimates of $47.35 million. During the same quarter in the previous year, the firm posted ($0.03) EPS. The company’s revenue for the quarter was up 104.3% compared to the same quarter last year. equities analysts predict that Universal Display Corporation will post 2.33 earnings per share for the current year.
The firm also recently declared a quarterly dividend, which will be paid on Friday, December 29th. Investors of record on Friday, December 15th will be given a dividend of $0.03 per share. The ex-dividend date of this dividend is Thursday, December 14th. This represents a $0.12 dividend on an annualized basis and a yield of 0.07%. Universal Display Corporation’s dividend payout ratio (DPR) is currently 5.88%.
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A number of hedge funds and other institutional investors have recently modified their holdings of OLED. Mitra Capital LLC purchased a new position in Universal Display Corporation during the 2nd quarter valued at about $109,000. IFP Advisors Inc lifted its position in Universal Display Corporation by 307.5% during the 2nd quarter. IFP Advisors Inc now owns 1,080 shares of the semiconductor company’s stock valued at $118,000 after acquiring an additional 815 shares during the period. BNP Paribas Arbitrage SA lifted its position in Universal Display Corporation by 79.4% during the 2nd quarter. BNP Paribas Arbitrage SA now owns 1,536 shares of the semiconductor company’s stock valued at $168,000 after acquiring an additional 680 shares during the period. Daiwa Securities Group Inc. purchased a new position in Universal Display Corporation during the 2nd quarter valued at about $197,000. Finally, CIBC Asset Management Inc purchased a new position in Universal Display Corporation during the 3rd quarter valued at about $205,000. 63.97% of the stock is owned by institutional investors.
A number of brokerages have issued reports on OLED. Goldman Sachs Group, Inc. (The) reissued a “buy” rating and issued a $150.00 price target (up previously from $140.00) on shares of Universal Display Corporation in a report on Wednesday, August 9th. Zacks Investment Research raised shares of Universal Display Corporation from a “hold” rating to a “strong-buy” rating and set a $168.00 price target on the stock in a report on Thursday, November 2nd. Susquehanna Bancshares Inc reissued a “positive” rating and issued a $150.00 price target (up previously from $120.00) on shares of Universal Display Corporation in a report on Wednesday, August 9th. Needham & Company LLC reissued a “hold” rating on shares of Universal Display Corporation in a report on Friday, November 3rd. Finally, Cowen and Company reissued an “outperform” rating and issued a $195.00 price target (up previously from $155.00) on shares of Universal Display Corporation in a report on Friday. Eight research analysts have rated the stock with a hold rating, five have issued a buy rating and one has issued a strong buy rating to the company’s stock. The stock currently has an average rating of “Buy” and an average target price of $139.78.
Universal Display Corporation Company Profile
Universal Display Corporation is engaged in the research, development and commercialization of organic light emitting diode (OLED), technologies and materials for use in display and solid-state lighting applications. The Company also supplies its OLED materials to manufacturers of OLED displays and lighting products for evaluation and for use in product development and for pre-commercial activities, and it also provides technical assistance and support to these manufacturers.
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