Leonard Becker Sells 5,000 Shares of Universal Display Corp. (OLED) Stock
Universal Display Corp. (NASDAQ:OLED) Director Leonard Becker sold 5,000 shares of the stock in a transaction that occurred on Monday, September 19th. The stock was sold at an average price of $61.11, for a total value of $305,550.00. Following the sale, the director now owns 19,650 shares in the company, valued at $1,200,811.50. The sale was disclosed in a filing with the SEC, which is available at the SEC website.
Universal Display Corp. (NASDAQ:OLED) opened at 62.09 on Friday. The firm’s 50-day moving average price is $60.36 and its 200-day moving average price is $61.31. The company has a market capitalization of $2.92 billion, a price-to-earnings ratio of 60.63 and a beta of 0.99. Universal Display Corp. has a 52 week low of $32.47 and a 52 week high of $74.39.
Universal Display Corp. (NASDAQ:OLED) last released its earnings results on Thursday, August 4th. The company reported $0.46 earnings per share for the quarter, missing analysts’ consensus estimates of $0.50 by $0.04. Universal Display Corp. had a return on equity of 10.15% and a net margin of 24.96%. The firm had revenue of $64.40 million for the quarter, compared to analyst estimates of $68.68 million. During the same period last year, the business earned $0.41 earnings per share. The firm’s quarterly revenue was up 10.8% compared to the same quarter last year. On average, equities analysts expect that Universal Display Corp. will post $0.89 earnings per share for the current year.
A number of large investors have recently added to or reduced their stakes in OLED. Tower Research Capital LLC TRC purchased a new stake in Universal Display Corp. during the second quarter worth $104,000. Kelly Lawrence W & Associates Inc. CA purchased a new stake in Universal Display Corp. during the second quarter worth $108,000. BNP Paribas Arbitrage SA increased its stake in Universal Display Corp. by 5,356.7% in the second quarter. BNP Paribas Arbitrage SA now owns 1,637 shares of the company’s stock worth $111,000 after buying an additional 1,607 shares during the period. Societe Generale purchased a new stake in Universal Display Corp. during the second quarter worth $117,000. Finally, Thompson Davis & CO. Inc. increased its stake in Universal Display Corp. by 1,000.0% in the second quarter. Thompson Davis & CO. Inc. now owns 2,750 shares of the company’s stock worth $186,000 after buying an additional 2,500 shares during the period. 67.54% of the stock is currently owned by institutional investors and hedge funds.
A number of analysts have recently weighed in on the company. TheStreet upgraded Universal Display Corp. from a “hold” rating to a “buy” rating in a research report on Wednesday, August 10th. Oppenheimer Holdings Inc. reiterated a “market perform” rating on shares of Universal Display Corp. in a research report on Monday, August 8th. Canaccord Genuity reiterated a “hold” rating and set a $52.00 price target on shares of Universal Display Corp. in a research report on Sunday, August 7th. Needham & Company LLC cut Universal Display Corp. from a “buy” rating to a “hold” rating in a research report on Friday, August 5th. Finally, Zacks Investment Research cut Universal Display Corp. from a “hold” rating to a “strong sell” rating in a research report on Wednesday, July 13th. One analyst has rated the stock with a sell rating, five have issued a hold rating and three have given a buy rating to the company. The stock currently has a consensus rating of “Hold” and a consensus target price of $58.00.
Universal Display Corp. 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 displays for wearables, smartphones, tablets and televisions, as well as solid-state lighting applications. The Company’s flat panel displays are used for various portable consumer electronics products, such as mobile phones, wearables, portable media devices, digital cameras, tablets and notebook computers.
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