Universal Display Corp. (NASDAQ:OLED) VP Janice K. Mahon sold 10,584 shares of the company’s stock in a transaction that occurred on Friday, November 11th. The shares were sold at an average price of $60.05, for a total value of $635,569.20. The transaction was disclosed in a filing with the SEC, which can be accessed through the SEC website.

Shares of Universal Display Corp. (NASDAQ:OLED) opened at 58.55 on Thursday. The stock has a market cap of $2.75 billion, a price-to-earnings ratio of 70.29 and a beta of 1.35. Universal Display Corp. has a 12-month low of $40.44 and a 12-month high of $74.39. The firm’s 50-day moving average price is $53.16 and its 200-day moving average price is $60.86.

Universal Display Corp. (NASDAQ:OLED) last announced its quarterly earnings results on Thursday, November 3rd. The company reported ($0.03) earnings per share (EPS) for the quarter, topping the Zacks’ consensus estimate of ($0.04) by $0.01. The business earned $30.20 million during the quarter, compared to the consensus estimate of $32.95 million. Universal Display Corp. had a net margin of 21.61% and a return on equity of 8.37%. The business’s revenue was down 23.4% compared to the same quarter last year. During the same quarter last year, the firm earned $0.15 EPS. On average, analysts forecast that Universal Display Corp. will post $0.89 EPS for the current fiscal year.

Insider Buying and Selling by Quarter for Universal Display Corp. (NASDAQ:OLED)

OLED has been the subject of a number of research reports. Zacks Investment Research lowered Universal Display Corp. from a “hold” rating to a “strong sell” rating in a report on Wednesday, October 19th. Canaccord Genuity initiated coverage on Universal Display Corp. in a report on Friday, September 23rd. They issued a “hold” rating and a $51.00 price target for the company. Cowen and Company set a $75.00 price target on Universal Display Corp. and gave the company a “buy” rating in a report on Tuesday, October 11th. Gabelli upgraded Universal Display Corp. from a “hold” rating to a “buy” rating and set a $68.00 price target for the company in a report on Friday, November 4th. Finally, TheStreet upgraded Universal Display Corp. from a “hold” rating to a “buy” rating in a report on Wednesday, August 10th. One investment analyst has rated the stock with a sell rating, five have given a hold rating and three have issued a buy rating to the stock. Universal Display Corp. currently has an average rating of “Hold” and an average target price of $67.40.

Several hedge funds have recently made changes to their positions in OLED. Epoch Investment Partners Inc. increased its stake in shares of Universal Display Corp. by 59.9% in the third quarter. Epoch Investment Partners Inc. now owns 4,067,665 shares of the company’s stock worth $225,796,000 after buying an additional 1,524,331 shares in the last quarter. Frontier Capital Management Co. LLC increased its stake in shares of Universal Display Corp. by 89.4% in the second quarter. Frontier Capital Management Co. LLC now owns 1,358,477 shares of the company’s stock worth $92,105,000 after buying an additional 641,396 shares in the last quarter. KEYWISE CAPITAL MANAGEMENT Ltd purchased a new stake in shares of Universal Display Corp. during the second quarter worth about $35,337,000. Lord Abbett & CO. LLC increased its stake in shares of Universal Display Corp. by 72.3% in the second quarter. Lord Abbett & CO. LLC now owns 877,809 shares of the company’s stock worth $59,515,000 after buying an additional 368,377 shares in the last quarter. Finally, Eagle Asset Management Inc. purchased a new stake in shares of Universal Display Corp. during the second quarter worth about $22,395,000. Institutional investors and hedge funds own 65.66% of the company’s stock.

About Universal Display Corp.

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.

5 Day Chart for NASDAQ:OLED

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