Other analysts have also recently issued reports about the company. Cross Research upgraded Universal Display Corporation from a hold rating to a buy rating and set a $115.00 target price on the stock in a report on Friday, May 5th. Goldman Sachs Group, Inc. (The) upped their target price on Universal Display Corporation from $100.00 to $125.00 and gave the company a buy rating in a report on Monday, May 8th. Gabelli restated a buy rating on shares of Universal Display Corporation in a report on Monday, May 8th. BidaskClub cut Universal Display Corporation from a strong-buy rating to a buy rating in a report on Saturday, June 17th. Finally, Needham & Company LLC restated a hold rating on shares of Universal Display Corporation in a report on Monday, May 8th. Six research analysts have rated the stock with a hold rating, six have issued a buy rating and one has issued a strong buy rating to the stock. Universal Display Corporation has a consensus rating of Buy and an average price target of $118.00.
Shares of Universal Display Corporation (NASDAQ OLED) traded up 0.91% on Thursday, hitting $111.45. 685,400 shares of the stock traded hands. Universal Display Corporation has a 1-year low of $47.88 and a 1-year high of $130.65. The stock has a 50 day moving average of $116.92 and a 200-day moving average of $97.77. The stock has a market cap of $5.24 billion, a PE ratio of 64.61 and a beta of 1.05.
Universal Display Corporation (NASDAQ:OLED) last announced its earnings results on Thursday, August 3rd. The semiconductor company reported $0.99 EPS for the quarter, beating the Thomson Reuters’ consensus estimate of $0.68 by $0.31. Universal Display Corporation had a return on equity of 14.90% and a net margin of 31.15%. The business had revenue of $102.50 million for the quarter, compared to analysts’ expectations of $84.81 million. During the same period in the prior year, the business posted $0.46 earnings per share. The firm’s revenue was up 59.2% on a year-over-year basis. On average, equities research analysts expect that Universal Display Corporation will post $2.14 EPS for the current year.
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The business also recently declared a quarterly dividend, which will be paid on Saturday, September 30th. Investors of record on Friday, September 15th will be given a $0.03 dividend. This represents a $0.12 dividend on an annualized basis and a yield of 0.11%. The ex-dividend date is Thursday, September 14th. Universal Display Corporation’s payout ratio is currently 6.94%.
In related news, insider Julia J. Brown sold 10,000 shares of Universal Display Corporation stock in a transaction dated Wednesday, July 19th. The stock was sold at an average price of $125.00, for a total value of $1,250,000.00. Following the completion of the sale, the insider now owns 162,932 shares of the company’s stock, valued at approximately $20,366,500. The sale was disclosed in a legal filing with the SEC, which is available at this hyperlink. Also, CEO Steven V. Abramson sold 18,000 shares of Universal Display Corporation stock in a transaction dated Wednesday, July 19th. The stock was sold at an average price of $124.53, for a total value of $2,241,540.00. Following the completion of the sale, the chief executive officer now directly owns 262,888 shares of the company’s stock, valued at approximately $32,737,442.64. The disclosure for this sale can be found here. Insiders sold a total of 31,750 shares of company stock valued at $3,919,940 over the last three months. 5.70% of the stock is currently owned by insiders.
Large investors have recently made changes to their positions in the company. IFP Advisors Inc increased its position in shares of Universal Display Corporation by 307.5% in the second quarter. IFP Advisors Inc now owns 1,080 shares of the semiconductor company’s stock valued at $118,000 after buying an additional 815 shares in the last quarter. Dubuque Bank & Trust Co. bought a new position in shares of Universal Display Corporation during the first quarter valued at approximately $125,000. FNY Partners Fund LP bought a new position in shares of Universal Display Corporation during the first quarter valued at approximately $146,000. Invictus RG bought a new position in shares of Universal Display Corporation during the first quarter valued at approximately $152,000. Finally, BNP Paribas Arbitrage SA increased its position in shares of Universal Display Corporation by 79.4% in the second quarter. BNP Paribas Arbitrage SA now owns 1,536 shares of the semiconductor company’s stock valued at $168,000 after buying an additional 680 shares in the last quarter. 69.40% of the stock is owned by institutional investors.
Universal Display Corporation 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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