Somewhat Favorable Media Coverage Somewhat Unlikely to Impact Universal Display Corporation (OLED) Share Price
Press coverage about Universal Display Corporation (NASDAQ:OLED) has been trending somewhat positive on Monday, Accern Sentiment reports. Accern scores the sentiment of news coverage by reviewing more than twenty million news and blog sources in real-time. Accern ranks coverage of publicly-traded companies on a scale of negative one to one, with scores closest to one being the most favorable. Universal Display Corporation earned a daily sentiment score of 0.15 on Accern’s scale. Accern also assigned news headlines about the semiconductor company an impact score of 45.4277665829962 out of 100, indicating that recent news coverage is somewhat unlikely to have an impact on the company’s share price in the next several days.
Here are some of the headlines that may have impacted Accern Sentiment Analysis’s analysis:
- Universal Display Corporation (OLED) registers a price change of -2.93% while Inventergy Global, Inc. (INVT … – Stocks Gallery (stocksgallery.com)
- Forget Apple: Universal Display Investors Should Be More Excited About This – Motley Fool (fool.com)
- Universal Display Corporation (OLED) Is Now Overbought – Voice Of Analysts (analystsbuzz.com)
- Dow Index Heads Toward 8th Gain In A Row (finance.yahoo.com)
- Universal Display Looking Bright After Goldman Sachs Report (finance.yahoo.com)
OLED has been the subject of a number of recent research reports. BidaskClub downgraded Universal Display Corporation from a “hold” rating to a “sell” rating in a research note on Saturday, August 12th. Oppenheimer Holdings, Inc. reaffirmed a “market perform” rating on shares of Universal Display Corporation in a research note on Wednesday, August 9th. Goldman Sachs Group, Inc. (The) reaffirmed a “buy” rating and set a $150.00 price target (up from $140.00) on shares of Universal Display Corporation in a research note on Wednesday, August 9th. Susquehanna Bancshares Inc reaffirmed a “positive” rating and set a $150.00 price target on shares of Universal Display Corporation in a research note on Tuesday, September 5th. Finally, Zacks Investment Research downgraded Universal Display Corporation from a “strong-buy” rating to a “hold” rating in a research note on Tuesday, July 18th. Six equities research analysts have rated the stock with a hold rating, seven have assigned a buy rating and one has issued a strong buy rating to the company. The company presently has an average rating of “Buy” and a consensus price target of $121.11.
Universal Display Corporation (NASDAQ OLED) opened at 132.70 on Monday. The stock’s 50 day moving average price is $120.61 and its 200-day moving average price is $107.89. Universal Display Corporation has a one year low of $47.88 and a one year high of $145.30. The firm has a market cap of $6.24 billion, a price-to-earnings ratio of 76.93 and a beta of 0.98.
Universal Display Corporation (NASDAQ:OLED) last issued its quarterly earnings results on Thursday, August 3rd. The semiconductor company reported $0.99 EPS for the quarter, beating analysts’ consensus estimates of $0.68 by $0.31. The company had revenue of $102.50 million for the quarter, compared to analyst estimates of $84.81 million. Universal Display Corporation had a return on equity of 14.90% and a net margin of 31.15%. The company’s quarterly revenue was up 59.2% compared to the same quarter last year. During the same period in the previous year, the company posted $0.46 earnings per share. Analysts forecast that Universal Display Corporation will post $2.14 earnings per share for the current year.
The company also recently declared a quarterly dividend, which will be paid on Saturday, September 30th. Stockholders of record on Friday, September 15th will be issued a $0.03 dividend. The ex-dividend date is Thursday, September 14th. This represents a $0.12 dividend on an annualized basis and a dividend yield of 0.09%. Universal Display Corporation’s dividend payout ratio (DPR) is 6.94%.
In related news, insider Julia J. Brown sold 10,000 shares of the company’s stock in a transaction dated 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 sale, the insider now owns 162,932 shares in the company, valued at $20,366,500. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, CFO Sidney D. Rosenblatt sold 50,240 shares of the company’s stock in a transaction dated Monday, September 18th. The stock was sold at an average price of $135.02, for a total value of $6,783,404.80. The disclosure for this sale can be found here. Over the last 90 days, insiders sold 78,240 shares of company stock worth $10,274,945. Corporate insiders own 5.20% of the company’s stock.
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About Universal Display Corporation
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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