Universal Display Co. (NASDAQ:OLED) VP Mauro Premutico sold 14,076 shares of the firm’s stock in a transaction on Tuesday, June 11th. The shares were sold at an average price of $175.16, for a total transaction of $2,465,552.16. Following the completion of the transaction, the vice president now directly owns 51,989 shares in the company, valued at approximately $9,106,393.24. The sale was disclosed in a document filed with the SEC, which is available at the SEC website.
OLED stock traded up $0.33 during mid-day trading on Wednesday, hitting $172.50. 503,778 shares of the company were exchanged, compared to its average volume of 810,565. The firm has a market cap of $7.64 billion, a P/E ratio of 139.11, a P/E/G ratio of 2.21 and a beta of 1.44. Universal Display Co. has a twelve month low of $78.75 and a twelve month high of $190.00.
Universal Display (NASDAQ:OLED) last posted its quarterly earnings results on Thursday, May 2nd. The semiconductor company reported $0.66 EPS for the quarter, beating the Thomson Reuters’ consensus estimate of $0.26 by $0.40. Universal Display had a net margin of 28.93% and a return on equity of 12.35%. The business had revenue of $87.80 million during the quarter, compared to analyst estimates of $64.59 million. During the same period in the previous year, the business posted $0.13 EPS. The company’s quarterly revenue was up 101.4% on a year-over-year basis. Equities research analysts predict that Universal Display Co. will post 2.44 earnings per share for the current fiscal year.
The firm also recently declared a quarterly dividend, which will be paid on Friday, June 28th. Stockholders of record on Friday, June 14th will be issued a $0.10 dividend. This represents a $0.40 annualized dividend and a dividend yield of 0.23%. The ex-dividend date of this dividend is Thursday, June 13th. Universal Display’s dividend payout ratio (DPR) is presently 32.26%.
Several hedge funds and other institutional investors have recently bought and sold shares of the company. Vanguard Group Inc grew its stake in shares of Universal Display by 2.4% during the third quarter. Vanguard Group Inc now owns 3,698,321 shares of the semiconductor company’s stock worth $436,031,000 after purchasing an additional 86,819 shares in the last quarter. Crossmark Global Holdings Inc. acquired a new position in Universal Display in the fourth quarter valued at $372,000. Rhumbline Advisers raised its holdings in shares of Universal Display by 145.5% in the fourth quarter. Rhumbline Advisers now owns 117,964 shares of the semiconductor company’s stock valued at $11,038,000 after buying an additional 69,923 shares during the last quarter. State Treasurer State of Michigan purchased a new stake in shares of Universal Display in the fourth quarter valued at about $1,413,000. Finally, LS Investment Advisors LLC purchased a new stake in shares of Universal Display in the fourth quarter valued at about $221,000. 75.96% of the stock is owned by institutional investors and hedge funds.
Several brokerages have weighed in on OLED. ValuEngine raised shares of Universal Display from a “buy” rating to a “strong-buy” rating in a report on Tuesday, March 5th. Roth Capital raised their price objective on shares of Universal Display from $128.00 to $172.00 and gave the stock a “buy” rating in a report on Tuesday, February 26th. UBS Group reissued an “outperform” rating and set a $140.00 price objective on shares of Universal Display in a report on Friday, February 22nd. Deutsche Bank raised their price objective on shares of Universal Display to $140.00 in a report on Friday, February 22nd. Finally, Needham & Company LLC raised their price objective on shares of Universal Display from $105.00 to $140.00 and gave the stock a “buy” rating in a report on Friday, February 22nd. Four research analysts have rated the stock with a hold rating, seven have issued a buy rating and two have assigned a strong buy rating to the company’s stock. The company has a consensus rating of “Buy” and a consensus target price of $160.44.
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About Universal Display
Universal Display Corporation engages in the research, development, and commercialization of organic light emitting diode (OLED) technologies and materials for use in flat panel displays and solid-state lighting applications. As of February 21, 2019, it owned or had exclusive and co-exclusive licenses, or had sole license rights with respect to approximately 5,000 issued and pending patents worldwide.
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