News coverage about Universal Display (NASDAQ:OLED) has been trending somewhat positive this week, according to Accern Sentiment. Accern ranks the sentiment of news coverage by analyzing more than 20 million news and blog sources. Accern ranks coverage of publicly-traded companies on a scale of -1 to 1, with scores closest to one being the most favorable. Universal Display earned a media sentiment score of 0.12 on Accern’s scale. Accern also assigned media headlines about the semiconductor company an impact score of 45.0981593356268 out of 100, indicating that recent news coverage is somewhat unlikely to have an impact on the stock’s share price in the next few days.
Here are some of the media headlines that may have effected Accern Sentiment’s rankings:
- Universal Display +2.6% on Samsung OLED TV report (seekingalpha.com)
- Universal Display (OLED) Given a $190.00 Price Target by Goldman Sachs Analysts (americanbankingnews.com)
- Universal Display Under Pressure Amid Report Apple Wants To Develop Its Own Screens (benzinga.com)
- Why Facebook, Universal Display, and Hecla Mining Slumped … – Motley Fool (fool.com)
- Why Facebook's Data Debacle Could Be Worse Than It Seems (finance.yahoo.com)
A number of equities research analysts have commented on OLED shares. Evercore ISI started coverage on Universal Display in a report on Thursday, November 30th. They set an “outperform” rating and a $225.00 price target on the stock. BidaskClub cut Universal Display from a “buy” rating to a “hold” rating in a report on Wednesday, December 6th. Deutsche Bank raised their price target on Universal Display to $190.00 and gave the company a “buy” rating in a report on Friday, December 8th. Zacks Investment Research raised Universal Display from a “hold” rating to a “buy” rating and set a $195.00 price target on the stock in a report on Thursday, January 4th. Finally, Susquehanna Bancshares raised their price target on Universal Display from $195.00 to $215.00 and gave the company a “positive” rating in a report on Friday, January 5th. Three research analysts have rated the stock with a sell rating, five have issued a hold rating and seven have assigned a buy rating to the stock. The company currently has a consensus rating of “Hold” and a consensus price target of $169.73.
Universal Display (NASDAQ:OLED) last issued its earnings results on Thursday, February 22nd. The semiconductor company reported $0.93 earnings per share (EPS) for the quarter, topping the Thomson Reuters’ consensus estimate of $0.82 by $0.11. Universal Display had a return on equity of 18.80% and a net margin of 30.95%. The firm had revenue of $115.87 million for the quarter, compared to analysts’ expectations of $99.55 million. During the same period in the previous year, the firm posted $0.55 earnings per share. The business’s revenue was up 55.3% compared to the same quarter last year. research analysts expect that Universal Display will post 2.66 earnings per share for the current fiscal year.
The company also recently announced a quarterly dividend, which will be paid on Friday, March 30th. Stockholders of record on Thursday, March 15th will be issued a $0.06 dividend. This represents a $0.24 annualized dividend and a dividend yield of 0.22%. This is a boost from Universal Display’s previous quarterly dividend of $0.03. The ex-dividend date of this dividend is Wednesday, March 14th. Universal Display’s payout ratio is 11.01%.
In other news, Director Elizabeth H. Gemmill sold 2,500 shares of Universal Display stock in a transaction dated Thursday, March 15th. The stock was sold at an average price of $124.07, for a total value of $310,175.00. The sale was disclosed in a legal filing with the SEC, which is available through the SEC website. Also, Chairman Sherwin I. Seligsohn sold 50,000 shares of Universal Display stock in a transaction dated Friday, January 12th. The stock was sold at an average price of $200.00, for a total value of $10,000,000.00. Following the completion of the sale, the chairman now directly owns 143,119 shares in the company, valued at $28,623,800. The disclosure for this sale can be found here. Insiders sold 54,750 shares of company stock worth $10,601,775 over the last ninety days. Insiders own 5.20% of the company’s stock.
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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 22, 2018, it owned or had exclusive and co-exclusive licenses, or had sole license rights with respect to approximately 4,500 issued and pending patents worldwide.
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