Universal Display VP Sells $63,741 in Stock (OLED)
Universal Display (NASDAQ:OLED) VP Michael G. Hack unloaded 2,124 shares of Universal Display stock in a transaction dated Tuesday, June 24th. The shares were sold at an average price of $30.01, for a total transaction of $63,741.24. Following the completion of the sale, the vice president now directly owns 33,187 shares in the company, valued at approximately $995,942. The sale was disclosed in a filing with the SEC, which can be accessed through this link.
Universal Display (NASDAQ:OLED) traded down 0.27% on Thursday, hitting $29.18. 285,645 shares of the company’s stock traded hands. Universal Display has a 52 week low of $22.69 and a 52 week high of $39.74. The stock’s 50-day moving average is $27.28 and its 200-day moving average is $30.83. The company has a market cap of $1.357 billion and a price-to-earnings ratio of 16.52.
Universal Display (NASDAQ:OLED) last announced its earnings results on Thursday, May 8th. The company reported $0.09 earnings per share for the quarter, beating the analysts’ consensus estimate of $0.03 by $0.06. The company had revenue of $37.84 million for the quarter, compared to the consensus estimate of $31.70 million. The company’s revenue for the quarter was up 152.6% on a year-over-year basis. Analysts expect that Universal Display will post $1.01 EPS for the current fiscal year.
Several analysts have recently commented on the stock. Analysts at Goldman Sachs reiterated a “buy” rating on shares of Universal Display in a research note on Thursday. Finally, analysts at Deutsche Bank reiterated a “buy” rating on shares of Universal Display in a research note on Friday, May 9th. Two analysts have rated the stock with a hold rating and seven have assigned a buy rating to the stock. The stock presently has a consensus rating of “Buy” and an average target price of $34.84.
Universal Display Corporation is engaged in the research, development and commercialization of organic light emitting diode (NASDAQ:OLED), technologies and materials.
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