Universal Display Co. (NASDAQ:OLED) SVP Mauro Premutico Sells 8,202 Shares

Universal Display Co. (NASDAQ:OLED) SVP Mauro Premutico sold 8,202 shares of the stock in a transaction on Tuesday, May 7th. The shares were sold at an average price of $176.82, for a total value of $1,450,277.64. Following the sale, the senior vice president now directly owns 28,743 shares in the company, valued at approximately $5,082,337.26. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this hyperlink.

Universal Display Stock Down 0.8 %

Universal Display stock traded down $1.39 during trading hours on Thursday, hitting $173.76. 256,746 shares of the company traded hands, compared to its average volume of 291,378. The firm’s 50-day simple moving average is $163.58 and its two-hundred day simple moving average is $169.40. The firm has a market cap of $8.24 billion, a P/E ratio of 37.65, a P/E/G ratio of 1.85 and a beta of 1.44. Universal Display Co. has a 1-year low of $133.67 and a 1-year high of $194.84.

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

Universal Display Dividend Announcement

The firm also recently disclosed a quarterly dividend, which will be paid on Friday, June 28th. Stockholders of record on Friday, June 14th will be paid a $0.40 dividend. The ex-dividend date of this dividend is Friday, June 14th. This represents a $1.60 dividend on an annualized basis and a dividend yield of 0.92%. Universal Display’s payout ratio is presently 34.78%.

Analysts Set New Price Targets

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

Institutional Inflows and Outflows

Large investors have recently modified their holdings of the business. Peapack Gladstone Financial Corp boosted its holdings in shares of Universal Display by 1.8% in the 4th quarter. Peapack Gladstone Financial Corp now owns 3,367 shares of the semiconductor company’s stock worth $643,000 after acquiring an additional 60 shares in the last quarter. 1492 Capital Management LLC boosted its holdings in Universal Display by 0.8% during the fourth quarter. 1492 Capital Management LLC now owns 9,543 shares of the semiconductor company’s stock worth $1,825,000 after purchasing an additional 79 shares during the last quarter. Treasurer of the State of North Carolina grew its holdings in shares of Universal Display by 0.5% in the 3rd quarter. Treasurer of the State of North Carolina now owns 20,516 shares of the semiconductor company’s stock valued at $3,221,000 after acquiring an additional 100 shares in the last quarter. Spire Wealth Management raised its stake in shares of Universal Display by 11.1% during the 1st quarter. Spire Wealth Management now owns 1,000 shares of the semiconductor company’s stock worth $168,000 after purchasing an additional 100 shares in the last quarter. Finally, CWM LLC raised its holdings in shares of Universal Display by 21.0% in the 4th quarter. CWM LLC now owns 606 shares of the semiconductor company’s stock valued at $116,000 after purchasing an additional 105 shares during the period. 78.19% of the stock is currently 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 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.