Universal Display (OLED) Getting Somewhat Favorable News Coverage, Report Shows
Media headlines about Universal Display (NASDAQ:OLED) have trended somewhat positive recently, according to Accern Sentiment Analysis. The research firm identifies negative and positive media coverage by monitoring more than 20 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 nearest to one being the most favorable. Universal Display earned a coverage optimism score of 0.11 on Accern’s scale. Accern also assigned headlines about the semiconductor company an impact score of 45.7624127614934 out of 100, indicating that recent media coverage is somewhat unlikely to have an impact on the stock’s share price in the next several days.
These are some of the news headlines that may have effected Accern Sentiment Analysis’s analysis:
- Hot Stock under Review – Universal Display Corporation (NASDAQ: OLED) – Alpha Beta Stock (alphabetastock.com)
- Govisionox Optoelectronics and Universal Display Corporation Announce an OLED Evaluation Agreement – Business Wire (press release) (businesswire.com)
- Analysts Anticipate Universal Display Co. (OLED) to Post $0.82 Earnings Per Share (americanbankingnews.com)
- 3 Top Stocks to Buy in February — The Motley Fool – Motley Fool (fool.com)
A number of analysts recently commented on the company. Zacks Investment Research lowered Universal Display from a “buy” rating to a “hold” rating in a research note on Saturday, January 27th. BidaskClub lowered Universal Display from a “hold” rating to a “sell” rating in a research note on Friday, January 26th. Deutsche Bank reaffirmed a “buy” rating and set a $190.00 price objective on shares of Universal Display in a research note on Thursday, January 25th. Susquehanna Bancshares increased their price objective on Universal Display from $195.00 to $215.00 and gave the company a “positive” rating in a research note on Friday, January 5th. Finally, Evercore ISI assumed coverage on Universal Display in a research note on Thursday, November 30th. They set an “outperform” rating and a $225.00 price objective on the stock. One investment analyst has rated the stock with a sell rating, eight have given a hold rating and six have issued a buy rating to the company. Universal Display presently has an average rating of “Hold” and an average price target of $164.80.
In related news, Chairman Sherwin I. Seligsohn sold 50,000 shares of the stock in a transaction dated Friday, January 12th. The stock was sold at an average price of $200.00, for a total transaction of $10,000,000.00. Following the transaction, the chairman now directly owns 143,119 shares in the company, valued at $28,623,800. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Corporate insiders own 5.20% of the company’s stock.
About Universal Display
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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