Universal Display (OLED) Getting Somewhat Positive News Coverage, Study Finds

Media stories about Universal Display (NASDAQ:OLED) have trended somewhat positive this week, Accern reports. The research firm identifies positive and negative press coverage by reviewing more than twenty million blog and news sources in real time. Accern ranks coverage of public companies on a scale of -1 to 1, with scores nearest to one being the most favorable. Universal Display earned a media sentiment score of 0.11 on Accern’s scale. Accern also gave headlines about the semiconductor company an impact score of 45.7624127614934 out of 100, meaning that recent press coverage is somewhat unlikely to have an effect on the stock’s share price in the next several days.

Here are some of the news stories that may have effected Accern Sentiment Analysis’s analysis:

Universal Display (NASDAQ OLED) traded up $4.60 during trading on Monday, reaching $147.95. The company’s stock had a trading volume of 1,446,477 shares, compared to its average volume of 1,530,000. The firm has a market capitalization of $6,960.00, a price-to-earnings ratio of 70.79 and a beta of 0.90. Universal Display has a 12 month low of $63.60 and a 12 month high of $209.00.

A number of research analysts recently weighed in on OLED shares. Zacks Investment Research lowered Universal Display from a “strong-buy” rating to a “hold” rating in a report on Tuesday, October 17th. Cross Research lowered Universal Display from a “buy” rating to a “hold” rating in a report on Tuesday, October 31st. Cowen set a $150.00 price objective on Universal Display and gave the stock a “buy” rating in a report on Wednesday, November 1st. Deutsche Bank reaffirmed a “buy” rating and set a $190.00 price objective on shares of Universal Display in a report on Thursday, January 25th. Finally, Evercore ISI started coverage on Universal Display in a report on Thursday, November 30th. They set an “outperform” rating and a $225.00 price objective on the stock. One analyst has rated the stock with a sell rating, eight have given a hold rating and six have given a buy rating to the stock. Universal Display presently has an average rating of “Hold” and a consensus target price of $164.80.

In other Universal Display news, Chairman Sherwin I. Seligsohn sold 50,000 shares of the company’s stock in a transaction on Friday, January 12th. The stock was sold at an average price of $200.00, for a total value of $10,000,000.00. Following the sale, the chairman now owns 143,119 shares of the company’s stock, valued at $28,623,800. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through the SEC website. 5.20% of the stock is currently owned by corporate insiders.

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About Universal Display

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.

Insider Buying and Selling by Quarter for Universal Display (NASDAQ:OLED)

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