Insider Buying: Universal Display Co. (NASDAQ:OLED) Director Acquires 742 Shares of Stock

Universal Display Co. (NASDAQ:OLED) Director Lawrence Lacerte purchased 742 shares of the stock in a transaction dated Monday, November 4th. The shares were acquired at an average price of $180.89 per share, for a total transaction of $134,220.38. Following the acquisition, the director now directly owns 122,372 shares of the company’s stock, valued at $22,135,871.08. This represents a 0.00 % increase in their position. The acquisition was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website.

Universal Display Trading Up 2.8 %

OLED opened at $185.85 on Thursday. The stock’s 50 day simple moving average is $200.90 and its 200-day simple moving average is $194.86. The stock has a market cap of $8.82 billion, a PE ratio of 37.32, a P/E/G ratio of 1.93 and a beta of 1.43. Universal Display Co. has a 1 year low of $146.99 and a 1 year high of $237.00.

Universal Display (NASDAQ:OLED) last announced its quarterly earnings data on Wednesday, October 30th. The semiconductor company reported $1.40 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $1.19 by $0.21. Universal Display had a net margin of 36.98% and a return on equity of 15.75%. The company had revenue of $161.63 million during the quarter, compared to analysts’ expectations of $165.28 million. During the same quarter in the prior year, the company posted $1.08 EPS. The business’s revenue was up 14.6% on a year-over-year basis. Equities analysts forecast that Universal Display Co. will post 4.79 earnings per share for the current fiscal year.

Universal Display Dividend Announcement

The business also recently disclosed a quarterly dividend, which will be paid on Tuesday, December 31st. Shareholders of record on Tuesday, December 17th will be issued a dividend of $0.40 per share. This represents a $1.60 dividend on an annualized basis and a yield of 0.86%. The ex-dividend date is Tuesday, December 17th. Universal Display’s payout ratio is 32.13%.

Institutional Investors Weigh In On Universal Display

Several large investors have recently modified their holdings of OLED. Private Advisor Group LLC grew its stake in Universal Display by 133.4% during the first quarter. Private Advisor Group LLC now owns 5,513 shares of the semiconductor company’s stock worth $929,000 after buying an additional 3,151 shares during the last quarter. GSA Capital Partners LLP acquired a new stake in shares of Universal Display in the first quarter valued at $714,000. Geneos Wealth Management Inc. lifted its position in Universal Display by 210.7% during the 1st quarter. Geneos Wealth Management Inc. now owns 233 shares of the semiconductor company’s stock worth $39,000 after buying an additional 158 shares in the last quarter. Texas Permanent School Fund Corp increased its position in Universal Display by 1.3% in the 1st quarter. Texas Permanent School Fund Corp now owns 38,131 shares of the semiconductor company’s stock valued at $6,423,000 after acquiring an additional 493 shares in the last quarter. Finally, Advisory Services Network LLC raised its stake in shares of Universal Display by 1.9% in the first quarter. Advisory Services Network LLC now owns 49,959 shares of the semiconductor company’s stock worth $8,416,000 after acquiring an additional 926 shares during the last quarter. 78.19% of the stock is currently owned by institutional investors.

Analyst Upgrades and Downgrades

Several research firms have weighed in on OLED. TD Cowen lowered their target price on Universal Display from $250.00 to $225.00 and set a “buy” rating on the stock in a research note on Thursday, October 31st. Oppenheimer cut their target price on shares of Universal Display from $240.00 to $220.00 and set an “outperform” rating for the company in a research report on Thursday, October 31st. Susquehanna boosted their price target on shares of Universal Display from $170.00 to $175.00 and gave the company a “neutral” rating in a report on Friday, August 2nd. Roth Mkm increased their price objective on Universal Display from $189.00 to $217.00 and gave the stock a “buy” rating in a report on Friday, August 2nd. Finally, The Goldman Sachs Group boosted their target price on Universal Display from $208.00 to $243.00 and gave the company a “buy” rating in a research note on Thursday, July 18th. Two equities research analysts have rated the stock with a hold rating and six have assigned a buy rating to the company’s stock. According to MarketBeat, the company currently has an average rating of “Moderate Buy” and a consensus price target of $215.63.

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 display and solid-state lighting applications in the United States and internationally. The company offers PHOLED technologies and materials for displays and lighting products under the UniversalPHOLED brand.