Somewhat Positive Press Coverage Somewhat Unlikely to Affect Universal Display (OLED) Share Price

News headlines about Universal Display (NASDAQ:OLED) have been trending somewhat positive this week, according to Accern Sentiment. Accern identifies negative and positive media coverage by analyzing more than twenty million news and blog sources. Accern ranks coverage of publicly-traded companies on a scale of negative one to one, with scores closest to one being the most favorable. Universal Display earned a coverage optimism score of 0.12 on Accern’s scale. Accern also gave headlines about the semiconductor company an impact score of 45.2793874222456 out of 100, indicating that recent media coverage is somewhat unlikely to have an impact on the stock’s share price in the near future.

Here are some of the news headlines that may have effected Accern’s analysis:

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A number of analysts recently weighed in on the stock. Zacks Investment Research cut shares of Universal Display from a “hold” rating to a “sell” rating in a research note on Tuesday, April 3rd. Oppenheimer raised shares of Universal Display from a “market perform” rating to an “outperform” rating and set a $120.00 target price on the stock in a research note on Friday. Goldman Sachs set a $190.00 target price on shares of Universal Display and gave the company a “buy” rating in a research note on Tuesday, March 20th. ValuEngine cut shares of Universal Display from a “hold” rating to a “sell” rating in a research note on Monday, March 19th. Finally, BidaskClub cut shares of Universal Display from a “sell” rating to a “strong sell” rating in a research note on Thursday, March 15th. Three investment analysts have rated the stock with a sell rating, four have issued a hold rating and eight have given a buy rating to the stock. Universal Display presently has a consensus rating of “Hold” and an average target price of $165.58.

Universal Display stock traded down $3.03 during trading hours on Friday, hitting $98.30. 1,114,827 shares of the stock were exchanged, compared to its average volume of 1,466,271. The stock has a market capitalization of $4,625.11, a price-to-earnings ratio of 40.45 and a beta of 1.31. Universal Display has a 12 month low of $80.80 and a 12 month high of $209.00.

Universal Display (NASDAQ:OLED) last issued its quarterly earnings data on Thursday, February 22nd. The semiconductor company reported $0.93 earnings per share for the quarter, topping the Thomson Reuters’ consensus estimate of $0.82 by $0.11. The firm 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 company’s quarterly revenue was up 55.3% compared to the same quarter last year. During the same period in the prior year, the firm earned $0.55 earnings per share. equities analysts expect that Universal Display will post 2.66 EPS for the current fiscal year.

The company also recently disclosed a quarterly dividend, which was paid on Friday, March 30th. Shareholders of record on Thursday, March 15th were paid a dividend of $0.06 per share. This represents a $0.24 annualized dividend and a yield of 0.24%. This is a boost from Universal Display’s previous quarterly dividend of $0.03. The ex-dividend date of this dividend was Wednesday, March 14th. Universal Display’s dividend payout ratio is currently 9.88%.

In other news, Director Richard C. Elias sold 2,250 shares of the stock in a transaction that occurred on Wednesday, February 28th. The shares were sold at an average price of $129.60, for a total transaction of $291,600.00. The transaction 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 the stock in a transaction that occurred on Friday, January 12th. The shares were sold at an average price of $200.00, for a total transaction of $10,000,000.00. Following 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 have 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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About Universal Display

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.

Insider Buying and Selling by Quarter for Universal Display (NASDAQ:OLED)

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