Universal Display Co. (NASDAQ:OLED) Director Lawrence Lacerte sold 30,000 shares of the firm’s stock in a transaction on Wednesday, August 7th. The stock was sold at an average price of $205.84, for a total transaction of $6,175,200.00. Following the completion of the sale, the director now owns 308,536 shares of the company’s stock, valued at $63,509,050.24. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website.

NASDAQ:OLED opened at $212.69 on Friday. The firm has a market capitalization of $9.96 billion, a PE ratio of 171.52, a price-to-earnings-growth ratio of 2.63 and a beta of 1.53. The business has a fifty day moving average of $199.70. Universal Display Co. has a 12 month low of $78.78 and a 12 month high of $218.28.

Universal Display (NASDAQ:OLED) last issued its quarterly earnings data on Thursday, August 1st. The semiconductor company reported $0.92 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.46 by $0.46. The firm had revenue of $118.17 million during the quarter, compared to analysts’ expectations of $79.26 million. Universal Display had a net margin of 33.08% and a return on equity of 16.52%. The business’s revenue was up 110.5% on a year-over-year basis. During the same period last year, the company earned $0.23 earnings per share. Equities research analysts expect that Universal Display Co. will post 2.68 earnings per share for the current fiscal year.

The firm also recently disclosed a quarterly dividend, which will be paid on Monday, September 30th. Stockholders of record on Monday, September 16th will be issued a dividend of $0.10 per share. This represents a $0.40 dividend on an annualized basis and a dividend yield of 0.19%. The ex-dividend date of this dividend is Friday, September 13th. Universal Display’s dividend payout ratio is currently 32.26%.

Several hedge funds and other institutional investors have recently modified their holdings of the company. Charles Schwab Investment Management Inc. raised its position in shares of Universal Display by 2.4% in the second quarter. Charles Schwab Investment Management Inc. now owns 260,664 shares of the semiconductor company’s stock valued at $49,021,000 after purchasing an additional 6,221 shares during the period. Trexquant Investment LP bought a new stake in shares of Universal Display in the second quarter valued at approximately $1,403,000. Bank of Montreal Can raised its position in shares of Universal Display by 857.1% in the second quarter. Bank of Montreal Can now owns 56,180 shares of the semiconductor company’s stock valued at $10,565,000 after purchasing an additional 50,310 shares during the period. Russell Investments Group Ltd. raised its position in shares of Universal Display by 10.3% in the second quarter. Russell Investments Group Ltd. now owns 41,893 shares of the semiconductor company’s stock valued at $7,878,000 after purchasing an additional 3,906 shares during the period. Finally, Prudential Financial Inc. raised its position in shares of Universal Display by 1,315.1% in the second quarter. Prudential Financial Inc. now owns 355,338 shares of the semiconductor company’s stock valued at $66,825,000 after purchasing an additional 330,228 shares during the period. Hedge funds and other institutional investors own 75.52% of the company’s stock.

A number of equities research analysts have commented on the stock. Zacks Investment Research cut shares of Universal Display from a “strong-buy” rating to a “hold” rating in a report on Wednesday, April 24th. Oppenheimer cut shares of Universal Display from an “outperform” rating to a “market perform” rating and set a $190.50 price target for the company. in a report on Wednesday, July 10th. They noted that the move was a valuation call. Deutsche Bank raised their price target on shares of Universal Display from $190.00 to $220.00 and gave the stock a “buy” rating in a report on Tuesday, July 23rd. Citigroup raised their price target on shares of Universal Display from $180.00 to $223.00 and gave the stock a “neutral” rating in a report on Friday, August 2nd. Finally, Needham & Company LLC cut shares of Universal Display from a “buy” rating to a “hold” rating in a report on Friday, August 2nd. Eight research analysts have rated the stock with a hold rating and seven have assigned a buy rating to the company. Universal Display currently has an average rating of “Hold” and an average target price of $182.46.

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 flat panel displays and solid-state lighting applications. As of February 21, 2019, it owned or had exclusive and co-exclusive licenses, or had sole license rights with respect to approximately 5,000 issued and pending patents worldwide.

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