Sidney D. Rosenblatt Sells 50,240 Shares of Universal Display Corporation (OLED) Stock

Universal Display Corporation (NASDAQ:OLED) CFO Sidney D. Rosenblatt sold 50,240 shares of the company’s stock in a transaction dated Monday, September 18th. The shares were sold at an average price of $135.02, for a total transaction of $6,783,404.80. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website.

Universal Display Corporation (NASDAQ OLED) traded up 4.02% during mid-day trading on Tuesday, reaching $142.20. 1,679,378 shares of the company were exchanged. The company has a market cap of $6.69 billion, a P/E ratio of 82.43 and a beta of 0.98. The stock’s 50-day moving average is $119.99 and its 200-day moving average is $107.47. Universal Display Corporation has a 12 month low of $47.88 and a 12 month high of $145.30.

Universal Display Corporation (NASDAQ:OLED) last announced its quarterly earnings results on Thursday, August 3rd. The semiconductor company reported $0.99 earnings per share (EPS) for the quarter, beating the Thomson Reuters’ consensus estimate of $0.68 by $0.31. The business had revenue of $102.50 million during the quarter, compared to analyst estimates of $84.81 million. Universal Display Corporation had a return on equity of 14.90% and a net margin of 31.15%. The firm’s revenue was up 59.2% on a year-over-year basis. During the same period in the previous year, the company earned $0.46 EPS. Equities analysts expect that Universal Display Corporation will post $2.14 earnings per share for the current year.

The company also recently declared a quarterly dividend, which will be paid on Saturday, September 30th. Stockholders of record on Friday, September 15th will be issued a dividend of $0.03 per share. The ex-dividend date of this dividend is Thursday, September 14th. This represents a $0.12 annualized dividend and a dividend yield of 0.08%. Universal Display Corporation’s dividend payout ratio is 6.94%.

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Several research analysts have recently weighed in on OLED shares. Goldman Sachs Group, Inc. (The) reiterated a “buy” rating and set a $150.00 price objective (up from $140.00) on shares of Universal Display Corporation in a report on Wednesday, August 9th. Cowen and Company set a $140.00 price objective on shares of Universal Display Corporation and gave the stock a “buy” rating in a report on Friday, August 4th. BidaskClub lowered shares of Universal Display Corporation from a “strong-buy” rating to a “buy” rating in a report on Saturday, June 17th. Deutsche Bank AG started coverage on shares of Universal Display Corporation in a report on Wednesday, August 30th. They set a “buy” rating and a $135.00 price objective on the stock. Finally, Summit Redstone reiterated a “hold” rating and set a $95.00 price objective on shares of Universal Display Corporation in a report on Tuesday, August 1st. Six equities research analysts have rated the stock with a hold rating, seven have assigned a buy rating and one has given a strong buy rating to the company. Universal Display Corporation presently has a consensus rating of “Buy” and a consensus target price of $121.11.

Several institutional investors have recently made changes to their positions in the company. Alps Advisors Inc. lifted its holdings in shares of Universal Display Corporation by 0.3% during the 2nd quarter. Alps Advisors Inc. now owns 5,776 shares of the semiconductor company’s stock valued at $631,000 after buying an additional 15 shares during the last quarter. Atlantic Trust LLC lifted its holdings in shares of Universal Display Corporation by 0.7% during the 1st quarter. Atlantic Trust LLC now owns 3,735 shares of the semiconductor company’s stock valued at $322,000 after buying an additional 25 shares during the last quarter. Parallel Advisors LLC lifted its holdings in shares of Universal Display Corporation by 1.8% during the 1st quarter. Parallel Advisors LLC now owns 2,716 shares of the semiconductor company’s stock valued at $246,000 after buying an additional 47 shares during the last quarter. Stifel Financial Corp lifted its holdings in shares of Universal Display Corporation by 2.6% during the 2nd quarter. Stifel Financial Corp now owns 3,362 shares of the semiconductor company’s stock valued at $370,000 after buying an additional 86 shares during the last quarter. Finally, Prudential Financial Inc. lifted its holdings in shares of Universal Display Corporation by 2.9% during the 1st quarter. Prudential Financial Inc. now owns 4,616 shares of the semiconductor company’s stock valued at $397,000 after buying an additional 130 shares during the last quarter. Institutional investors and hedge funds own 64.09% of the company’s stock.

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.

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

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