Insider Selling: Universal Display Co. (NASDAQ:OLED) SVP Sells 8,202 Shares of Stock

Universal Display Co. (NASDAQ:OLED) SVP Mauro Premutico sold 8,202 shares of Universal Display stock in a transaction that occurred on Tuesday, May 7th. The stock was sold at an average price of $176.82, for a total transaction of $1,450,277.64. Following the completion of the sale, the senior vice president now owns 28,743 shares of the company’s stock, valued at $5,082,337.26. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website.

Universal Display Trading Up 0.5 %

OLED opened at $174.57 on Friday. The company has a market capitalization of $8.28 billion, a price-to-earnings ratio of 37.77, a PEG ratio of 1.85 and a beta of 1.44. Universal Display Co. has a 12-month low of $133.67 and a 12-month high of $194.84. The business’s fifty day simple moving average is $163.57 and its 200-day simple moving average is $169.43.

Universal Display (NASDAQ:OLED) last issued its earnings results on Thursday, May 2nd. The semiconductor company reported $1.19 earnings per share (EPS) for the quarter, topping the consensus estimate of $1.05 by $0.14. Universal Display had a net margin of 36.00% and a return on equity of 15.57%. The company had revenue of $165.26 million for the quarter, compared to analysts’ expectations of $150.75 million. During the same period in the prior year, the business earned $0.83 EPS. The firm’s quarterly revenue was up 26.7% on a year-over-year basis. On average, equities research analysts predict that Universal Display Co. will post 4.74 EPS for the current year.

Universal Display Dividend Announcement

The company also recently declared a quarterly dividend, which will be paid on Friday, June 28th. Shareholders of record on Friday, June 14th will be issued a $0.40 dividend. This represents a $1.60 annualized dividend and a yield of 0.92%. The ex-dividend date is Friday, June 14th. Universal Display’s dividend payout ratio is currently 34.78%.

Analyst Ratings Changes

A number of research analysts have recently weighed in on OLED shares. Citigroup reaffirmed a “neutral” rating and set a $180.00 price objective (up from $161.00) on shares of Universal Display in a research report on Friday, January 19th. Oppenheimer reissued an “outperform” rating and set a $200.00 target price (down previously from $210.00) on shares of Universal Display in a research note on Friday, February 23rd. Needham & Company LLC reissued a “buy” rating and set a $198.00 price target on shares of Universal Display in a research note on Friday, May 3rd. Finally, TD Cowen upped their price objective on Universal Display from $165.00 to $210.00 and gave the company an “outperform” rating in a research report on Friday, February 23rd. Two analysts have rated the stock with a hold rating and six have given a buy rating to the company. According to MarketBeat.com, Universal Display has an average rating of “Moderate Buy” and an average target price of $199.86.

Institutional Trading of Universal Display

Hedge funds and other institutional investors have recently made changes to their positions in the business. Benjamin F. Edwards & Company Inc. purchased a new stake in Universal Display in the fourth quarter valued at about $25,000. ORG Partners LLC acquired a new position in shares of Universal Display in the first quarter valued at about $27,000. Orion Capital Management LLC purchased a new stake in Universal Display in the third quarter valued at approximately $31,000. Principal Securities Inc. purchased a new stake in shares of Universal Display in the 4th quarter valued at $34,000. Finally, Tsfg LLC acquired a new stake in shares of Universal Display in the first quarter worth $34,000. Hedge funds and other institutional investors own 78.19% of the company’s stock.

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.