Insider Selling: Universal Display Corporation (OLED) Director Sells 3,750 Shares of Stock

Universal Display Corporation (NASDAQ:OLED) Director Leonard Becker sold 3,750 shares of the business’s stock in a transaction dated Wednesday, May 24th. The shares were sold at an average price of $114.24, for a total transaction of $428,400.00. Following the completion of the sale, the director now owns 13,750 shares of the company’s stock, valued at approximately $1,570,800. The transaction was disclosed in a legal filing with the SEC, which is accessible through this link.

Leonard Becker also recently made the following trade(s):

  • On Thursday, March 9th, Leonard Becker sold 5,000 shares of Universal Display Corporation stock. The shares were sold at an average price of $82.20, for a total transaction of $411,000.00.

Universal Display Corporation (NASDAQ:OLED) traded up 1.26% during midday trading on Friday, reaching $116.90. The company’s stock had a trading volume of 604,976 shares. The company’s 50-day moving average price is $112.78 and its 200-day moving average price is $81.56. The company has a market capitalization of $5.50 billion, a price-to-earnings ratio of 97.50 and a beta of 1.16. Universal Display Corporation has a 1-year low of $47.88 and a 1-year high of $130.65.

Universal Display Corporation (NASDAQ:OLED) last issued its quarterly earnings data on Thursday, May 4th. The semiconductor company reported $0.22 earnings per share (EPS) for the quarter. Universal Display Corporation had a return on equity of 10.85% and a net margin of 25.13%. The firm had revenue of $55.60 million during the quarter, compared to the consensus estimate of $33.53 million. During the same quarter in the previous year, the company posted $0.04 EPS. The business’s revenue for the quarter was up 87.2% compared to the same quarter last year. On average, analysts predict that Universal Display Corporation will post $1.84 earnings per share for the current fiscal year.

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

The company also recently announced a quarterly dividend, which will be paid on Friday, June 30th. Stockholders of record on Thursday, June 15th will be paid a $0.03 dividend. The ex-dividend date is Tuesday, June 13th. This represents a $0.12 annualized dividend and a dividend yield of 0.10%. Universal Display Corporation’s dividend payout ratio (DPR) is currently 10.00%.

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A number of equities research analysts have recently issued reports on OLED shares. Zacks Investment Research raised shares of Universal Display Corporation from a “hold” rating to a “strong-buy” rating and set a $134.00 target price for the company in a report on Wednesday, May 17th. Cowen and Company lowered their target price on shares of Universal Display Corporation from $105.00 to $90.00 and set an “outperform” rating for the company in a research note on Wednesday, May 3rd. Goldman Sachs Group, Inc. (The) increased their target price on shares of Universal Display Corporation from $100.00 to $125.00 and gave the stock a “buy” rating in a research note on Monday, May 8th. Cross Research raised shares of 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. Finally, Susquehanna Bancshares Inc raised their target price on shares of Universal Display Corporation from $105.00 to $120.00 and gave the company a “positive” rating in a report on Monday, May 15th. Four equities research analysts have rated the stock with a hold rating, six have given a buy rating and one has issued a strong buy rating to the company’s stock. The stock has a consensus rating of “Buy” and a consensus price target of $101.38.

Large investors have recently added to or reduced their stakes in the stock. Vanguard Group Inc. boosted its stake in Universal Display Corporation by 4.3% in the first quarter. Vanguard Group Inc. now owns 3,403,157 shares of the semiconductor company’s stock valued at $293,012,000 after buying an additional 141,268 shares during the period. BlackRock Inc. boosted its stake in shares of Universal Display Corporation by 82,293.2% in the first quarter. BlackRock Inc. now owns 2,817,024 shares of the semiconductor company’s stock worth $242,545,000 after buying an additional 2,813,605 shares during the period. Frontier Capital Management Co. LLC boosted its stake in shares of Universal Display Corporation by 11.5% in the fourth quarter. Frontier Capital Management Co. LLC now owns 1,834,689 shares of the semiconductor company’s stock worth $103,293,000 after buying an additional 188,770 shares during the period. Wells Fargo & Company MN boosted its stake in shares of Universal Display Corporation by 22.8% in the third quarter. Wells Fargo & Company MN now owns 949,174 shares of the semiconductor company’s stock worth $52,689,000 after buying an additional 176,249 shares during the period. Finally, Columbus Circle Investors boosted its stake in shares of Universal Display Corporation by 41.5% in the first quarter. Columbus Circle Investors now owns 884,208 shares of the semiconductor company’s stock worth $76,130,000 after buying an additional 259,267 shares during the period. 70.40% 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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