Universal Display Corporation (NASDAQ:OLED) has earned an average rating of “Buy” from the fifteen analysts that are presently covering the firm, MarketBeat.com reports. Six equities research analysts have rated the stock with a hold rating, seven have given a buy rating and one has given a strong buy rating to the company. The average 12-month price target among analysts that have issued a report on the stock in the last year is $127.75.
A number of analysts have recently weighed in on OLED shares. Summit Redstone restated a “hold” rating and issued a $95.00 price target on shares of Universal Display Corporation in a report on Tuesday, August 1st. Goldman Sachs Group, Inc. (The) restated a “buy” rating and issued a $161.00 price target (up from $150.00) on shares of Universal Display Corporation in a report on Monday. Zacks Investment Research cut shares of Universal Display Corporation from a “strong-buy” rating to a “hold” rating in a report on Tuesday, July 18th. Cowen and Company restated an “outperform” rating and issued a $130.00 price target on shares of Universal Display Corporation in a report on Tuesday, August 1st. Finally, Susquehanna Bancshares Inc restated a “positive” rating and issued a $150.00 price target on shares of Universal Display Corporation in a report on Tuesday, September 5th.
In other Universal Display Corporation news, insider Julia J. Brown sold 10,000 shares of the firm’s stock in a transaction that occurred on Wednesday, July 19th. The shares were sold at an average price of $125.00, for a total transaction of $1,250,000.00. Following the completion of the transaction, the insider now directly owns 162,932 shares of the company’s stock, valued at approximately $20,366,500. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this link. Also, CEO Steven V. Abramson sold 18,000 shares of the firm’s stock in a transaction that occurred on Wednesday, July 19th. The stock was sold at an average price of $124.53, for a total transaction of $2,241,540.00. Following the transaction, the chief executive officer now directly owns 262,888 shares of the company’s stock, valued at $32,737,442.64. The disclosure for this sale can be found here. Company insiders own 5.70% of the company’s stock.
Institutional investors and hedge funds have recently bought and sold shares of the business. Mitra Capital LLC purchased a new position in Universal Display Corporation during the 2nd quarter worth approximately $109,000. IFP Advisors Inc increased its holdings in shares of Universal Display Corporation by 307.5% during the 2nd quarter. IFP Advisors Inc now owns 1,080 shares of the semiconductor company’s stock valued at $118,000 after purchasing an additional 815 shares in the last quarter. FNY Partners Fund LP purchased a new position in shares of Universal Display Corporation during the 1st quarter valued at approximately $146,000. Invictus RG purchased a new position in shares of Universal Display Corporation during the 1st quarter valued at approximately $152,000. Finally, BNP Paribas Arbitrage SA increased its holdings in shares of Universal Display Corporation by 79.4% during the 2nd quarter. BNP Paribas Arbitrage SA now owns 1,536 shares of the semiconductor company’s stock valued at $168,000 after purchasing an additional 680 shares in the last quarter. 64.09% of the stock is owned by institutional investors.
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Universal Display Corporation (NASDAQ:OLED) traded up 4.02% during midday trading on Friday, reaching $142.20. 1,678,435 shares of the company traded hands. The company has a 50 day moving average price of $119.99 and a 200-day moving average price of $107.47. Universal Display Corporation has a one year low of $47.88 and a one year high of $145.30. The stock has a market capitalization of $6.69 billion, a P/E ratio of 82.43 and a beta of 0.98.
Universal Display Corporation (NASDAQ:OLED) last issued its earnings results on Thursday, August 3rd. The semiconductor company reported $0.99 earnings per share (EPS) for the quarter, topping the Thomson Reuters’ consensus estimate of $0.68 by $0.31. Universal Display Corporation had a net margin of 31.15% and a return on equity of 14.90%. The company had revenue of $102.50 million for the quarter, compared to analysts’ expectations of $84.81 million. During the same period in the prior year, the business earned $0.46 EPS. The firm’s quarterly revenue was up 59.2% on a year-over-year basis. Analysts forecast that Universal Display Corporation will post $2.14 EPS for the current fiscal year.
The firm also recently declared a quarterly dividend, which will be paid on Saturday, September 30th. Shareholders of record on Friday, September 15th will be given a dividend of $0.03 per share. This represents a $0.12 dividend on an annualized basis and a yield of 0.08%. The ex-dividend date of this dividend is Thursday, September 14th. Universal Display Corporation’s dividend payout ratio is presently 6.94%.
Universal Display Corporation Company Profile
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.
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