News coverage about Universal Display (NASDAQ:OLED) has been trending somewhat positive this week, Accern reports. Accern scores the sentiment of news coverage by analyzing more than 20 million blog and news sources in real time. Accern ranks coverage of companies on a scale of negative one to one, with scores nearest to one being the most favorable. Universal Display earned a daily sentiment score of 0.10 on Accern’s scale. Accern also assigned news coverage about the semiconductor company an impact score of 46.3444798978021 out of 100, meaning that recent news coverage is somewhat unlikely to have an effect on the company’s share price in the immediate future.
Here are some of the news articles that may have effected Accern Sentiment’s rankings:
- Mengis Capital Management Inc. Cuts Stake in Universal Display Co. (OLED) (americanbankingnews.com)
- Zacks Investment Research Downgrades Universal Display (OLED) to Sell (americanbankingnews.com)
- Universal Display (OLED) Q4 Earnings Beat, ’18 View Sluggish – Nasdaq (nasdaq.com)
- Free Post Earnings Research Report: Oclaro’s Quarterly Earnings Beat Expectations (finance.yahoo.com)
A number of research firms have issued reports on OLED. Zacks Investment Research lowered shares of Universal Display from a “hold” rating to a “sell” rating in a research report on Wednesday. Deutsche Bank reduced their price target on shares of Universal Display from $190.00 to $170.00 and set a “buy” rating for the company in a research report on Friday, February 23rd. Cowen set a $225.00 price target on shares of Universal Display and gave the stock a “buy” rating in a research report on Tuesday, February 20th. Cross Research lowered shares of Universal Display from a “buy” rating to a “hold” rating in a research report on Tuesday, October 31st. Finally, BidaskClub cut shares of Universal Display from a “buy” rating to a “hold” rating in a research note on Wednesday, December 6th. Two analysts have rated the stock with a sell rating, six have given a hold rating and six have assigned a buy rating to the company’s stock. The company currently has a consensus rating of “Hold” and a consensus target price of $167.09.
Universal Display (NASDAQ:OLED) last issued its quarterly earnings data on Thursday, February 22nd. The semiconductor company reported $0.93 EPS for the quarter, topping analysts’ consensus estimates of $0.82 by $0.11. The business had revenue of $115.87 million for the quarter, compared to analysts’ expectations of $99.55 million. Universal Display had a net margin of 30.95% and a return on equity of 18.80%. The business’s revenue was up 55.3% on a year-over-year basis. During the same quarter last year, the company earned $0.55 EPS. sell-side analysts anticipate that Universal Display will post 2.72 earnings per share for the current fiscal year.
The company also recently disclosed a quarterly dividend, which will be paid on Friday, March 30th. Stockholders of record on Thursday, March 15th will be paid a dividend of $0.06 per share. This is a boost from Universal Display’s previous quarterly dividend of $0.03. The ex-dividend date is Wednesday, March 14th. This represents a $0.24 dividend on an annualized basis and a dividend yield of 0.18%. Universal Display’s dividend payout ratio (DPR) is presently 4.88%.
In related news, Chairman Sherwin I. Seligsohn sold 50,000 shares of Universal Display stock in a transaction on Friday, January 12th. The shares were sold at an average price of $200.00, for a total value of $10,000,000.00. Following the sale, the chairman now owns 143,119 shares of the company’s stock, valued at approximately $28,623,800. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. 5.20% of the stock is owned by company insiders.
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Universal Display 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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