Somewhat Positive Press Coverage Somewhat Unlikely to Impact Universal Display (NASDAQ:OLED) Stock Price

Media headlines about Universal Display (NASDAQ:OLED) have trended somewhat positive recently, Accern Sentiment reports. Accern identifies negative and positive news coverage by analyzing more than 20 million blog and news sources in real time. Accern ranks coverage of public companies on a scale of negative one to positive one, with scores nearest to one being the most favorable. Universal Display earned a media sentiment score of 0.10 on Accern’s scale. Accern also assigned media stories about the semiconductor company an impact score of 46.8704893227109 out of 100, meaning that recent news coverage is somewhat unlikely to have an effect on the company’s share price in the near future.

Several research firms recently weighed in on OLED. Zacks Investment Research cut Universal Display from a “buy” rating to a “hold” rating in a research report on Tuesday, January 9th. Evercore ISI began coverage on Universal Display in a research report on Thursday, November 30th. They set an “outperform” rating and a $225.00 price objective for the company. Susquehanna Bancshares boosted their price objective on Universal Display from $195.00 to $215.00 and gave the stock a “positive” rating in a research report on Friday, January 5th. Cowen reissued an “outperform” rating and set a $195.00 price objective (up previously from $155.00) on shares of Universal Display in a research report on Friday, November 10th. Finally, Deutsche Bank boosted their price objective on Universal Display to $190.00 and gave the stock a “buy” rating in a research report on Friday, December 8th. Nine analysts have rated the stock with a hold rating and six have assigned a buy rating to the stock. Universal Display has a consensus rating of “Hold” and a consensus target price of $161.50.

Shares of Universal Display (NASDAQ:OLED) traded up $5.05 on Wednesday, reaching $203.45. The company had a trading volume of 1,013,199 shares, compared to its average volume of 875,204. Universal Display has a 1 year low of $56.15 and a 1 year high of $205.00. The company has a market capitalization of $9,570.00, a price-to-earnings ratio of 97.34 and a beta of 1.07.

Universal Display (NASDAQ:OLED) last issued its quarterly earnings results on Thursday, November 2nd. The semiconductor company reported $0.28 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.09 by $0.19. Universal Display had a return on equity of 16.67% and a net margin of 32.92%. The firm had revenue of $61.70 million for the quarter, compared to analyst estimates of $47.35 million. During the same period in the previous year, the company posted ($0.03) earnings per share. The company’s quarterly revenue was up 104.3% compared to the same quarter last year. equities analysts expect that Universal Display will post 2.33 earnings per share for the current year.

The company also recently declared a quarterly dividend, which was paid on Friday, December 29th. Investors of record on Friday, December 15th were paid a dividend of $0.03 per share. The ex-dividend date was Thursday, December 14th. This represents a $0.12 annualized dividend and a yield of 0.06%. Universal Display’s dividend payout ratio is 5.74%.

In other news, insider Julia J. Brown sold 10,000 shares of the company’s stock in a transaction that occurred on Friday, November 3rd. The stock was sold at an average price of $150.00, for a total value of $1,500,000.00. Following the sale, the insider now directly owns 152,932 shares in the company, valued at approximately $22,939,800. The transaction was disclosed in a filing with the SEC, which is available at the SEC website. Also, Chairman Sherwin I. Seligsohn sold 50,000 shares of the company’s stock in a transaction that occurred on Friday, November 3rd. The shares were sold at an average price of $150.00, for a total value of $7,500,000.00. Following the completion of the sale, the chairman now owns 205,170 shares in the company, valued at $30,775,500. The disclosure for this sale can be found here. Insiders have sold 196,734 shares of company stock worth $33,349,769 over the last 90 days. Corporate insiders own 5.20% of the company’s stock.

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About Universal Display

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 (NASDAQ:OLED)

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