Universal Display Co. (NASDAQ:OLED) Chairman Sherwin I. Seligsohn sold 50,000 shares of the business’s stock in a transaction that occurred on Friday, January 12th. The stock was sold at an average price of $200.00, for a total transaction of $10,000,000.00. Following the completion of the transaction, the chairman now owns 143,119 shares of the company’s stock, valued at approximately $28,623,800. The transaction was disclosed in a legal filing with the SEC, which is available through this hyperlink.

Universal Display Co. (OLED) traded up $1.80 on Tuesday, reaching $198.40. 956,134 shares of the company’s stock were exchanged, compared to its average volume of 877,973. Universal Display Co. has a 12-month low of $56.15 and a 12-month high of $203.30. The firm has a market cap of $9,330.00, a price-to-earnings ratio of 94.93 and a beta of 1.07.

Universal Display (NASDAQ:OLED) last released its earnings results on Thursday, November 2nd. The semiconductor company reported $0.28 EPS for the quarter, topping analysts’ consensus estimates of $0.09 by $0.19. Universal Display had a net margin of 32.92% and a return on equity of 16.67%. The firm had revenue of $61.70 million during the quarter, compared to analyst estimates of $47.35 million. During the same quarter in the previous year, the business earned ($0.03) EPS. The business’s quarterly revenue was up 104.3% compared to the same quarter last year. research analysts anticipate that Universal Display Co. will post 2.33 earnings per share for the current year.

The company also recently declared a quarterly dividend, which was paid on Friday, December 29th. Stockholders of record on Friday, December 15th were issued a $0.03 dividend. This represents a $0.12 annualized dividend and a dividend yield of 0.06%. The ex-dividend date was Thursday, December 14th. Universal Display’s dividend payout ratio (DPR) is 5.74%.

Hedge funds have recently made changes to their positions in the company. Mitra Capital LLC acquired a new position in shares of Universal Display in the 2nd quarter valued at $109,000. BNP Paribas Arbitrage SA grew its holdings in shares of Universal Display by 79.4% in the 2nd quarter. BNP Paribas Arbitrage SA now owns 1,536 shares of the semiconductor company’s stock valued at $168,000 after buying an additional 680 shares during the period. CIBC Asset Management Inc acquired a new position in shares of Universal Display in the 3rd quarter valued at $205,000. Comerica Bank acquired a new position in shares of Universal Display in the 3rd quarter valued at $221,000. Finally, Ballentine Partners LLC acquired a new position in shares of Universal Display in the 3rd quarter valued at $209,000. 64.87% of the stock is owned by institutional investors.

Several research firms recently weighed in on OLED. Zacks Investment Research cut shares of Universal Display from a “buy” rating to a “hold” rating in a research report on Tuesday, January 9th. Evercore ISI initiated coverage on shares of Universal Display in a report on Thursday, November 30th. They set an “outperform” rating and a $225.00 target price for the company. Susquehanna Bancshares lifted their target price on shares of Universal Display from $195.00 to $215.00 and gave the stock a “positive” rating in a report on Friday, January 5th. Cowen reaffirmed an “outperform” rating and set a $195.00 target price (up previously from $155.00) on shares of Universal Display in a report on Friday, November 10th. Finally, Deutsche Bank lifted their target price on shares of Universal Display to $190.00 and gave the stock a “buy” rating in a report on Friday, December 8th. Nine equities research analysts have rated the stock with a hold rating and six have given a buy rating to the stock. The company currently has an average rating of “Hold” and an average target price of $161.50.

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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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