Somewhat Positive News Coverage Somewhat Unlikely to Affect Universal Display (OLED) Stock Price

Media coverage about Universal Display (NASDAQ:OLED) has trended somewhat positive recently, according to Accern Sentiment Analysis. Accern rates the sentiment of media coverage by monitoring more than 20 million blog and news 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 0.15 on Accern’s scale. Accern also gave press coverage about the semiconductor company an impact score of 46.1548108941227 out of 100, meaning that recent media coverage is somewhat unlikely to have an effect on the stock’s share price in the next several days.

These are some of the news stories that may have effected Accern’s scoring:

Universal Display (NASDAQ OLED) traded down $1.35 during trading hours on Monday, reaching $175.55. 475,100 shares of the company were exchanged, compared to its average volume of 831,093. Universal Display has a 1 year low of $55.30 and a 1 year high of $192.75. The stock has a market cap of $8,260.00, a price-to-earnings ratio of 84.00 and a beta of 1.06.

Universal Display (NASDAQ:OLED) last posted its quarterly earnings data on Thursday, November 2nd. The semiconductor company reported $0.28 earnings per share for the quarter, beating analysts’ consensus estimates of $0.09 by $0.19. The firm had revenue of $61.70 million for the quarter, compared to analyst estimates of $47.35 million. Universal Display had a net margin of 32.92% and a return on equity of 16.67%. Universal Display’s quarterly revenue was up 104.3% on a year-over-year basis. During the same period last year, the firm posted ($0.03) EPS. equities analysts forecast that Universal Display will post 2.33 EPS for the current year.

The business also recently announced a quarterly dividend, which will be paid on Friday, December 29th. Shareholders of record on Friday, December 15th will be given a dividend of $0.03 per share. The ex-dividend date is Thursday, December 14th. This represents a $0.12 annualized dividend and a dividend yield of 0.07%. Universal Display’s payout ratio is currently 5.74%.

A number of equities analysts have recently commented on OLED shares. Zacks Investment Research raised shares of Universal Display from a “hold” rating to a “strong-buy” rating and set a $168.00 target price on the stock in a report on Thursday, November 2nd. Susquehanna Bancshares reiterated a “positive” rating and issued a $150.00 price objective on shares of Universal Display in a research report on Tuesday, September 5th. Deutsche Bank started coverage on shares of Universal Display in a research report on Wednesday, August 30th. They issued a “buy” rating and a $135.00 price objective on the stock. Gabelli lowered shares of Universal Display from a “buy” rating to a “hold” rating and set a $134.00 price objective on the stock. in a research report on Friday, November 3rd. Finally, Cowen reiterated a “buy” rating and issued a $140.00 price objective on shares of Universal Display in a research report on Friday, September 8th. Eight equities research analysts have rated the stock with a hold rating and seven have given a buy rating to the stock. Universal Display currently has an average rating of “Hold” and an average price target of $155.30.

In other Universal Display news, insider Steven V. Abramson sold 18,744 shares of the business’s stock in a transaction on Monday, November 6th. The shares were sold at an average price of $158.40, for a total transaction of $2,969,049.60. The sale was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. Also, insider Julia J. Brown sold 10,000 shares of the business’s stock in a transaction on Friday, November 3rd. The stock was sold at an average price of $150.00, for a total transaction of $1,500,000.00. Following the sale, the insider now owns 152,932 shares in the company, valued at $22,939,800. The disclosure for this sale can be found here. Insiders have sold a total of 146,734 shares of company stock worth $23,349,769 over the last 90 days. Insiders own 5.20% of the company’s stock.

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About Universal Display

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.

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

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