Universal Display Co. (NASDAQ:OLED) insider Julia J. Brown sold 24,905 shares of the stock in a transaction that occurred on Wednesday, November 6th. The shares were sold at an average price of $199.85, for a total transaction of $4,977,264.25. Following the sale, the insider now owns 99,455 shares in the company, valued at approximately $19,876,081.75. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink.
Universal Display stock traded up $0.86 during midday trading on Friday, reaching $199.88. 416,500 shares of the company traded hands, compared to its average volume of 730,990. The firm has a market capitalization of $9.50 billion, a price-to-earnings ratio of 161.19, a price-to-earnings-growth ratio of 2.16 and a beta of 1.52. The business has a 50 day moving average of $176.77 and a two-hundred day moving average of $183.81. Universal Display Co. has a 12 month low of $78.78 and a 12 month high of $230.32.
Universal Display (NASDAQ:OLED) last issued its quarterly earnings data on Wednesday, October 30th. The semiconductor company reported $0.78 earnings per share for the quarter, beating the Zacks’ consensus estimate of $0.57 by $0.21. The company had revenue of $97.50 million for the quarter, compared to the consensus estimate of $85.88 million. Universal Display had a net margin of 35.10% and a return on equity of 17.81%. The firm’s revenue for the quarter was up 25.6% compared to the same quarter last year. During the same quarter in the prior year, the firm earned $0.48 earnings per share. Sell-side analysts forecast that Universal Display Co. will post 3.11 earnings per share for the current fiscal year.
The business also recently disclosed a quarterly dividend, which will be paid on Tuesday, December 31st. Investors of record on Friday, December 13th will be given a dividend of $0.10 per share. The ex-dividend date is Thursday, December 12th. This represents a $0.40 dividend on an annualized basis and a yield of 0.20%. Universal Display’s dividend payout ratio (DPR) is 32.26%.
A number of institutional investors have recently modified their holdings of the stock. Capital Investment Advisory Services LLC raised its position in Universal Display by 94.0% in the second quarter. Capital Investment Advisory Services LLC now owns 194 shares of the semiconductor company’s stock worth $40,000 after acquiring an additional 94 shares during the period. Bank of Montreal Can raised its position in Universal Display by 857.1% in the second quarter. Bank of Montreal Can now owns 56,180 shares of the semiconductor company’s stock worth $10,565,000 after acquiring an additional 50,310 shares during the period. Connecticut Wealth Management LLC bought a new position in Universal Display in the second quarter worth approximately $470,000. Calamos Advisors LLC bought a new position in Universal Display in the second quarter worth approximately $451,000. Finally, Advisor Group Inc. raised its position in Universal Display by 53.8% in the second quarter. Advisor Group Inc. now owns 3,130 shares of the semiconductor company’s stock worth $589,000 after acquiring an additional 1,095 shares during the period. Institutional investors own 69.08% of the company’s stock.
A number of equities research analysts have recently commented on OLED shares. Benchmark set a $175.00 price target on shares of Universal Display and gave the company a “buy” rating in a report on Tuesday, September 17th. Roth Capital increased their price target on shares of Universal Display from $172.00 to $206.00 and gave the company a “neutral” rating in a report on Friday, August 2nd. Zacks Investment Research upgraded shares of Universal Display from a “hold” rating to a “strong-buy” rating and set a $212.00 price target on the stock in a report on Friday, November 1st. Susquehanna Bancshares reiterated a “negative” rating on shares of Universal Display in a report on Thursday, September 12th. Finally, BidaskClub cut shares of Universal Display from a “buy” rating to a “hold” rating in a report on Thursday, September 19th. One analyst has rated the stock with a sell rating, seven have assigned a hold rating, four have issued a buy rating and one has assigned a strong buy rating to the company’s stock. The company presently has a consensus rating of “Hold” and a consensus price target of $195.85.
Universal Display Company Profile
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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