Universal Display Co. (NASDAQ:OLED) Director Rosemarie B. Greco sold 3,750 shares of Universal Display stock in a transaction on Friday, November 30th. The stock was sold at an average price of $91.39, for a total value of $342,712.50. Following the completion of the transaction, the director now owns 9,450 shares in the company, valued at $863,635.50. The sale was disclosed in a legal filing with the SEC, which can be accessed through this hyperlink.
OLED opened at $95.69 on Tuesday. Universal Display Co. has a 1 year low of $78.75 and a 1 year high of $209.00. The firm has a market cap of $4.33 billion, a P/E ratio of 39.38, a PEG ratio of 2.65 and a beta of 1.56.
Universal Display (NASDAQ:OLED) last announced its quarterly earnings results on Thursday, November 1st. The semiconductor company reported $0.48 earnings per share for the quarter, missing analysts’ consensus estimates of $0.66 by ($0.18). Universal Display had a return on equity of 12.77% and a net margin of 24.70%. The company had revenue of $77.55 million during the quarter, compared to analyst estimates of $92.21 million. During the same period in the prior year, the firm earned $0.28 EPS. Universal Display’s quarterly revenue was up 25.7% on a year-over-year basis. Equities analysts forecast that Universal Display Co. will post 1.16 EPS for the current year.
OLED has been the topic of a number of recent research reports. BidaskClub upgraded Universal Display from a “hold” rating to a “buy” rating in a report on Thursday, October 4th. Citigroup initiated coverage on Universal Display in a report on Tuesday, September 4th. They issued a “buy” rating and a $153.00 target price on the stock. ValuEngine upgraded Universal Display from a “hold” rating to a “buy” rating in a report on Monday, August 13th. Needham & Company LLC lifted their price target on Universal Display from $130.00 to $145.00 and gave the company a “buy” rating in a report on Friday, August 10th. Finally, Goldman Sachs Group set a $139.00 price target on Universal Display and gave the company a “buy” rating in a report on Friday, November 2nd. One research analyst has rated the stock with a sell rating, one has given a hold rating and eleven have assigned a buy rating to the company’s stock. The stock has an average rating of “Buy” and an average target price of $162.10.
Several large investors have recently made changes to their positions in OLED. Vanguard Group Inc. grew its stake in shares of Universal Display by 2.4% in the 3rd quarter. Vanguard Group Inc. now owns 3,698,321 shares of the semiconductor company’s stock valued at $436,031,000 after purchasing an additional 86,819 shares during the period. Griffin Asset Management Inc. grew its position in Universal Display by 499.6% during the 3rd quarter. Griffin Asset Management Inc. now owns 337,205 shares of the semiconductor company’s stock worth $39,756,000 after acquiring an additional 280,967 shares during the last quarter. TIAA CREF Investment Management LLC grew its position in Universal Display by 19.3% during the 3rd quarter. TIAA CREF Investment Management LLC now owns 246,376 shares of the semiconductor company’s stock worth $29,048,000 after acquiring an additional 39,811 shares during the last quarter. Teachers Advisors LLC grew its position in Universal Display by 1.0% during the 3rd quarter. Teachers Advisors LLC now owns 256,660 shares of the semiconductor company’s stock worth $30,260,000 after acquiring an additional 2,539 shares during the last quarter. Finally, Neuberger Berman Group LLC grew its position in Universal Display by 4.4% during the 3rd quarter. Neuberger Berman Group LLC now owns 1,698,261 shares of the semiconductor company’s stock worth $200,225,000 after acquiring an additional 71,847 shares during the last quarter. 77.43% of the stock is owned by institutional investors.
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 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.
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