Universal Display Co. (NASDAQ:OLED) insider Julia J. Brown sold 24,905 shares of the company’s stock in a transaction dated Wednesday, November 6th. The shares were sold at an average price of $199.85, for a total transaction of $4,977,264.25. Following the completion of the sale, the insider now directly owns 99,455 shares of the company’s stock, valued at $19,876,081.75. The sale was disclosed in a filing with the SEC, which is available at this hyperlink.
OLED stock opened at $199.88 on Friday. Universal Display Co. has a one year low of $78.78 and a one year high of $230.32. The firm has a market capitalization of $9.50 billion, a PE ratio of 161.19, a P/E/G ratio of 2.16 and a beta of 1.52. The firm has a 50-day moving average of $177.15 and a two-hundred day moving average of $183.97.
Universal Display (NASDAQ:OLED) last posted its quarterly earnings data on Wednesday, October 30th. The semiconductor company reported $0.78 EPS for the quarter, beating analysts’ consensus estimates of $0.57 by $0.21. Universal Display had a net margin of 35.10% and a return on equity of 17.81%. The company had revenue of $97.50 million during the quarter, compared to analyst estimates of $85.88 million. During the same period in the prior year, the firm earned $0.48 earnings per share. The business’s quarterly revenue was up 25.6% on a year-over-year basis. As a group, analysts forecast that Universal Display Co. will post 3.11 EPS for the current year.
A number of equities research analysts have weighed in on the stock. Needham & Company LLC reissued a “hold” rating on shares of Universal Display in a report on Thursday, October 31st. Roth Capital upped their price target 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. ValuEngine lowered shares of Universal Display from a “buy” rating to a “hold” rating in a research note on Wednesday, October 2nd. Zacks Investment Research raised shares of Universal Display from a “hold” rating to a “strong-buy” rating and set a $212.00 price objective for the company in a research note on Friday, November 1st. Finally, BidaskClub lowered shares of Universal Display from a “buy” rating to a “hold” rating in a research note on Thursday, September 19th. One investment analyst has rated the stock with a sell rating, seven have issued a hold rating, four have assigned a buy rating and one has given a strong buy rating to the company. The company presently has an average rating of “Hold” and a consensus price target of $195.85.
Hedge funds have recently bought and sold shares of the business. Prudential Financial Inc. increased its holdings in shares of Universal Display by 1,315.1% in the 2nd quarter. Prudential Financial Inc. now owns 355,338 shares of the semiconductor company’s stock valued at $66,825,000 after purchasing an additional 330,228 shares during the period. Nuveen Asset Management LLC acquired a new position in shares of Universal Display in the 2nd quarter valued at about $61,236,000. FMR LLC increased its holdings in shares of Universal Display by 156,745.0% in the 1st quarter. FMR LLC now owns 202,330 shares of the semiconductor company’s stock valued at $30,926,000 after purchasing an additional 202,201 shares during the period. First Trust Advisors LP increased its holdings in shares of Universal Display by 304.8% in the 2nd quarter. First Trust Advisors LP now owns 172,277 shares of the semiconductor company’s stock valued at $32,398,000 after purchasing an additional 129,717 shares during the period. Finally, Griffin Asset Management Inc. increased its holdings in shares of Universal Display by 24.5% in the 2nd quarter. Griffin Asset Management Inc. now owns 618,209 shares of the semiconductor company’s stock valued at $116,260,000 after purchasing an additional 121,475 shares during the period. 69.08% of the stock is owned by institutional investors.
About Universal Display
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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