Julia J. Brown Sells 24,905 Shares of Universal Display Co. (NASDAQ:OLED) Stock

Universal Display Co. (NASDAQ:OLED) insider Julia J. Brown sold 24,905 shares of the company’s stock in a transaction on Wednesday, November 6th. The stock was sold at an average price of $199.85, for a total value of $4,977,264.25. Following the transaction, the insider now owns 99,455 shares of the company’s stock, valued at $19,876,081.75. The sale was disclosed in a filing with the SEC, which is available through this hyperlink.

NASDAQ:OLED opened at $199.88 on Friday. Universal Display Co. has a 1 year low of $78.78 and a 1 year high of $230.32. The stock has a market cap of $9.50 billion, a price-to-earnings ratio of 161.19, a PEG ratio of 2.16 and a beta of 1.52. The business has a fifty day moving average of $177.15 and a 200-day moving average of $183.97.

Universal Display (NASDAQ:OLED) last announced its earnings results on Wednesday, October 30th. The semiconductor company reported $0.78 EPS for the quarter, beating the consensus estimate of $0.57 by $0.21. Universal Display had a return on equity of 17.81% and a net margin of 35.10%. The business had revenue of $97.50 million during the quarter, compared to the consensus estimate of $85.88 million. During the same period in the prior year, the business posted $0.48 earnings per share. Universal Display’s revenue was up 25.6% compared to the same quarter last year. Equities analysts expect that Universal Display Co. will post 3.11 EPS for the current fiscal year.

The business also recently announced a quarterly dividend, which will be paid on Tuesday, December 31st. Stockholders of record on Friday, December 13th will be issued a dividend of $0.10 per share. This represents a $0.40 annualized dividend and a dividend yield of 0.20%. The ex-dividend date of this dividend is Thursday, December 12th. Universal Display’s dividend payout ratio is 32.26%.

A number of research analysts recently commented on OLED shares. Roth Capital upped their price objective on Universal Display from $172.00 to $206.00 and gave the stock a “neutral” rating in a research note on Friday, August 2nd. Zacks Investment Research upgraded Universal Display from a “hold” rating to a “strong-buy” rating and set a $212.00 price objective for the company in a research note on Friday, November 1st. Berenberg Bank started coverage on Universal Display in a research note on Wednesday, July 24th. They set a “hold” rating and a $192.00 price objective for the company. Benchmark set a $175.00 price objective on Universal Display and gave the stock a “buy” rating in a research note on Tuesday, September 17th. Finally, Needham & Company LLC restated a “hold” rating on shares of Universal Display in a research note on Thursday, October 31st. One research analyst has rated the stock with a sell rating, seven have assigned a hold rating, four have given a buy rating and one has given a strong buy rating to the company. The company currently has an average rating of “Hold” and a consensus target price of $195.85.

Several hedge funds and other institutional investors have recently made changes to their positions in OLED. Prudential Financial Inc. lifted its holdings in shares of Universal Display by 1,315.1% during 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 last quarter. Nuveen Asset Management LLC purchased a new stake in shares of Universal Display during the second quarter valued at $61,236,000. FMR LLC lifted its holdings in shares of Universal Display by 156,745.0% during the first quarter. FMR LLC now owns 202,330 shares of the semiconductor company’s stock valued at $30,926,000 after purchasing an additional 202,201 shares during the last quarter. First Trust Advisors LP lifted its holdings in shares of Universal Display by 304.8% during the second quarter. First Trust Advisors LP now owns 172,277 shares of the semiconductor company’s stock valued at $32,398,000 after purchasing an additional 129,717 shares during the last quarter. Finally, Griffin Asset Management Inc. raised its position in Universal Display by 24.5% during the second quarter. Griffin Asset Management Inc. now owns 618,209 shares of the semiconductor company’s stock valued at $116,260,000 after buying an additional 121,475 shares during the period. 69.08% of the stock is owned by institutional investors and hedge funds.

Universal Display Company Profile

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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