Universal Display Co. (NASDAQ:OLED) Director C Keith Hartley sold 10,528 shares of the firm’s stock in a transaction that occurred on Friday, August 9th. The shares were sold at an average price of $214.27, for a total transaction of $2,255,834.56. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink.
Shares of NASDAQ OLED opened at $205.91 on Thursday. The firm has a 50 day simple moving average of $202.41. The company has a market cap of $9.94 billion, a price-to-earnings ratio of 166.06, a PEG ratio of 2.64 and a beta of 1.53. Universal Display Co. has a 1 year low of $78.78 and a 1 year high of $218.28.
Universal Display (NASDAQ:OLED) last released its quarterly earnings results on Thursday, August 1st. The semiconductor company reported $0.92 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.46 by $0.46. Universal Display had a net margin of 33.08% and a return on equity of 16.52%. The firm had revenue of $118.17 million during the quarter, compared to analyst estimates of $79.26 million. During the same quarter last year, the business earned $0.23 EPS. The company’s revenue was up 110.5% compared to the same quarter last year. Analysts predict that Universal Display Co. will post 2.68 EPS for the current fiscal year.
A number of institutional investors have recently added to or reduced their stakes in OLED. Norges Bank bought a new position in Universal Display during the 4th quarter worth approximately $40,599,000. Prudential Financial Inc. raised its holdings in Universal Display by 1,315.1% during the 2nd quarter. Prudential Financial Inc. now owns 355,338 shares of the semiconductor company’s stock worth $66,825,000 after purchasing an additional 330,228 shares during the last quarter. FMR LLC raised its holdings in Universal Display by 156,745.0% during the 1st quarter. FMR LLC now owns 202,330 shares of the semiconductor company’s stock worth $30,926,000 after purchasing an additional 202,201 shares during the last quarter. First Trust Advisors LP raised its holdings in Universal Display by 304.8% during the 2nd quarter. First Trust Advisors LP now owns 172,277 shares of the semiconductor company’s stock worth $32,398,000 after purchasing an additional 129,717 shares during the last quarter. Finally, Griffin Asset Management Inc. raised its holdings in Universal Display by 31.4% during the 1st quarter. Griffin Asset Management Inc. now owns 496,734 shares of the semiconductor company’s stock worth $75,926,000 after purchasing an additional 118,830 shares during the last quarter. Hedge funds and other institutional investors own 75.79% of the company’s stock.
A number of research analysts recently issued reports on OLED shares. Oppenheimer lowered shares of Universal Display from an “outperform” rating to a “market perform” rating and set a $190.50 price objective for the company. in a report on Wednesday, July 10th. They noted that the move was a valuation call. Needham & Company LLC lowered shares of Universal Display from a “buy” rating to a “hold” rating in a report on Friday, August 2nd. Citigroup raised their price objective on shares of Universal Display from $180.00 to $223.00 and gave the company a “neutral” rating in a report on Friday, August 2nd. Roth Capital raised their price objective 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. Finally, Zacks Investment Research lowered shares of Universal Display from a “strong-buy” rating to a “hold” rating in a report on Wednesday, April 24th. Eight research analysts have rated the stock with a hold rating, six have assigned a buy rating and one has given a strong buy rating to the stock. Universal Display presently has an average rating of “Buy” and a consensus target price of $182.46.
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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