Universal Display Corporation (OLED) Getting Somewhat Positive News Coverage, Analysis Finds
News coverage about Universal Display Corporation (NASDAQ:OLED) has been trending somewhat positive this week, according to Accern. Accern rates the sentiment of press coverage by analyzing more than twenty million news and blog sources. Accern ranks coverage of companies on a scale of negative one to positive one, with scores nearest to one being the most favorable. Universal Display Corporation earned a media sentiment score of 0.17 on Accern’s scale. Accern also assigned media coverage about the semiconductor company an impact score of 45.7757103176308 out of 100, meaning that recent press coverage is somewhat unlikely to have an effect on the company’s share price in the immediate future.
Here are some of the headlines that may have impacted Accern Sentiment’s rankings:
- Universal Display Corporation (OLED) Receives Consensus Recommendation of “Buy” from Analysts (americanbankingnews.com)
- ETFs with exposure to Universal Display Corp. : August 18, 2017 (finance.yahoo.com)
- New report shares details about the global LED and OLED display industry (whatech.com)
- From A Very Different Angle: Green Dot Corporation (GDOT), Universal Display Corporation (OLED) – AllStockNews (allstocknews.com)
Shares of Universal Display Corporation (NASDAQ:OLED) traded up 1.93% during midday trading on Tuesday, reaching $110.70. The company had a trading volume of 505,460 shares. The company has a 50-day moving average price of $116.45 and a 200 day moving average price of $100.25. The company has a market capitalization of $5.21 billion, a P/E ratio of 64.17 and a beta of 1.05. Universal Display Corporation has a one year low of $47.88 and a one year high of $130.65.
Universal Display Corporation (NASDAQ:OLED) last announced its quarterly earnings data on Thursday, August 3rd. The semiconductor company reported $0.99 earnings per share (EPS) for the quarter, beating the Zacks’ consensus estimate of $0.68 by $0.31. The business had revenue of $102.50 million during the quarter, compared to analysts’ expectations 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 quarterly revenue was up 59.2% compared to the same quarter last year. During the same quarter in the previous year, the business earned $0.46 earnings per share. Equities analysts anticipate that Universal Display Corporation will post $2.14 earnings per share for the current fiscal year.
The business also recently disclosed a quarterly dividend, which will be paid on Saturday, September 30th. Shareholders of record on Friday, September 15th will be paid a dividend of $0.03 per share. This represents a $0.12 dividend on an annualized basis and a yield of 0.11%. The ex-dividend date of this dividend is Thursday, September 14th. Universal Display Corporation’s payout ratio is 6.94%.
Several equities analysts have issued reports on OLED shares. Benchmark Co. started coverage on Universal Display Corporation in a research note on Tuesday, April 25th. They issued a “hold” rating on the stock. They noted that the move was a valuation call. Cowen and Company decreased their price objective on Universal Display Corporation from $105.00 to $90.00 and set an “outperform” rating for the company in a report on Wednesday, May 3rd. Cross Research upgraded Universal Display Corporation from a “hold” rating to a “buy” rating and set a $115.00 price objective for the company in a report on Friday, May 5th. Zacks Investment Research upgraded Universal Display Corporation from a “sell” rating to a “hold” rating in a report on Saturday, May 6th. Finally, Susquehanna Bancshares Inc restated a “positive” rating and set a $120.00 price objective (up previously from $105.00) on shares of Universal Display Corporation in a report on Friday, May 5th. One research analyst has rated the stock with a sell rating, five have given a hold rating, six have given a buy rating and one has issued a strong buy rating to the company. The company currently has an average rating of “Buy” and an average target price of $118.00.
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In other Universal Display Corporation news, insider Julia J. Brown sold 10,000 shares of Universal Display Corporation stock in a transaction on Wednesday, July 19th. The stock was sold at an average price of $125.00, for a total transaction of $1,250,000.00. Following the completion of the transaction, the insider now owns 162,932 shares in the company, valued at $20,366,500. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. Also, CEO Steven V. Abramson sold 18,000 shares of Universal Display Corporation stock in a transaction on Wednesday, July 19th. The shares were sold at an average price of $124.53, for a total value of $2,241,540.00. Following the transaction, the chief executive officer now owns 262,888 shares of the company’s stock, valued at approximately $32,737,442.64. The disclosure for this sale can be found here. Insiders have sold 31,750 shares of company stock valued at $3,919,940 in the last quarter. 5.70% of the stock is owned by company insiders.
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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