Universal Display Co. (NASDAQ:OLED) Director C Keith Hartley sold 10,528 shares of the business’s stock in a transaction that occurred on Friday, August 9th. The stock was sold at an average price of $214.27, for a total transaction of $2,255,834.56. The transaction was disclosed in a filing with the SEC, which is available through the SEC website.
Shares of NASDAQ OLED opened at $205.91 on Thursday. The firm has a market capitalization of $9.94 billion, a PE ratio of 166.06, a P/E/G ratio of 2.64 and a beta of 1.53. The firm’s 50 day moving average price is $202.41. Universal Display Co. has a 52-week low of $78.78 and a 52-week high of $218.28.
Universal Display (NASDAQ:OLED) last issued its quarterly earnings data on Thursday, August 1st. The semiconductor company reported $0.92 earnings per share (EPS) for the quarter, beating the Zacks’ consensus estimate of $0.46 by $0.46. The firm had revenue of $118.17 million during the quarter, compared to analysts’ expectations of $79.26 million. Universal Display had a net margin of 33.08% and a return on equity of 16.52%. The business’s revenue for the quarter was up 110.5% on a year-over-year basis. During the same quarter in the previous year, the company earned $0.23 earnings per share. As a group, equities research analysts predict that Universal Display Co. will post 2.68 earnings per share for the current fiscal year.
The company also recently disclosed a quarterly dividend, which will be paid on Monday, September 30th. Investors of record on Monday, September 16th will be issued a dividend of $0.10 per share. This represents a $0.40 dividend on an annualized basis and a yield of 0.19%. The ex-dividend date of this dividend is Friday, September 13th. Universal Display’s dividend payout ratio is currently 32.26%.
A number of research firms recently weighed in on OLED. Needham & Company LLC downgraded shares of Universal Display from a “buy” rating to a “hold” rating in a research note on Friday, August 2nd. ValuEngine downgraded shares of Universal Display from a “strong-buy” rating to a “buy” rating in a research note on Friday, August 2nd. Zacks Investment Research downgraded shares of Universal Display from a “strong-buy” rating to a “hold” rating in a research note on Wednesday, April 24th. Citigroup boosted their price target on shares of Universal Display from $180.00 to $223.00 and gave the stock a “neutral” rating in a research note on Friday, August 2nd. Finally, Berenberg Bank began coverage on shares of Universal Display in a research note on Wednesday, July 24th. They set a “hold” rating and a $192.00 price target for the company. Eight investment 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. The stock currently has a consensus rating of “Buy” and a consensus target price of $182.46.
Hedge funds and other institutional investors have recently modified their holdings of the stock. EP Wealth Advisors LLC acquired a new position in Universal Display during the first quarter valued at approximately $317,000. Geode Capital Management LLC boosted its holdings in shares of Universal Display by 8.1% in the fourth quarter. Geode Capital Management LLC now owns 431,907 shares of the semiconductor company’s stock valued at $40,413,000 after buying an additional 32,314 shares during the period. Jackson Wealth Management LLC acquired a new position in shares of Universal Display in the first quarter valued at approximately $4,586,000. Parsons Capital Management Inc. RI boosted its holdings in shares of Universal Display by 5.3% in the first quarter. Parsons Capital Management Inc. RI now owns 12,623 shares of the semiconductor company’s stock valued at $1,929,000 after buying an additional 640 shares during the period. Finally, Foundry Partners LLC acquired a new position in shares of Universal Display in the second quarter valued at approximately $239,000. Hedge funds and other institutional investors own 75.79% of the company’s stock.
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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