Universal Display Corporation (NASDAQ:OLED) Director Lawrence Lacerte sold 16,500 shares of the stock in a transaction that occurred on Tuesday, November 7th. The stock was sold at an average price of $166.04, for a total transaction of $2,739,660.00. Following the completion of the transaction, the director now owns 350,000 shares in the company, valued at approximately $58,114,000. The sale was disclosed in a filing with the SEC, which is available at the SEC website.

Shares of Universal Display Corporation (NASDAQ OLED) opened at $175.90 on Friday. Universal Display Corporation has a 52-week low of $52.10 and a 52-week high of $176.50. The company has a market capitalization of $8,274.51, a P/E ratio of 86.23 and a beta of 1.03.

Universal Display Corporation (NASDAQ:OLED) last announced its earnings results on Thursday, November 2nd. The semiconductor company reported $0.28 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.09 by $0.19. Universal Display Corporation had a return on equity of 16.67% and a net margin of 32.92%. The firm had revenue of $61.70 million for the quarter, compared to analyst estimates of $47.35 million. During the same quarter last year, the firm posted ($0.03) EPS. The business’s revenue was up 104.3% on a year-over-year basis. analysts forecast that Universal Display Corporation will post 2.33 earnings per share for the current year.

The firm also recently announced a quarterly dividend, which will be paid on Friday, December 29th. Stockholders of record on Friday, December 15th will be given a dividend of $0.03 per share. The ex-dividend date is Thursday, December 14th. This represents a $0.12 dividend on an annualized basis and a dividend yield of 0.07%. Universal Display Corporation’s dividend payout ratio (DPR) is 5.88%.

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Several large investors have recently made changes to their positions in the company. Alps Advisors Inc. lifted its position in shares of Universal Display Corporation by 0.3% during the 2nd quarter. Alps Advisors Inc. now owns 5,776 shares of the semiconductor company’s stock valued at $631,000 after buying an additional 15 shares in the last quarter. Stifel Financial Corp lifted its position in shares of Universal Display Corporation by 2.6% during the 2nd quarter. Stifel Financial Corp now owns 3,362 shares of the semiconductor company’s stock valued at $370,000 after buying an additional 86 shares in the last quarter. Advisor Group Inc. lifted its position in shares of Universal Display Corporation by 5.3% during the 2nd quarter. Advisor Group Inc. now owns 2,649 shares of the semiconductor company’s stock valued at $286,000 after buying an additional 134 shares in the last quarter. Blair William & Co. IL lifted its position in shares of Universal Display Corporation by 2.7% during the 2nd quarter. Blair William & Co. IL now owns 5,638 shares of the semiconductor company’s stock valued at $616,000 after buying an additional 150 shares in the last quarter. Finally, Zurcher Kantonalbank Zurich Cantonalbank lifted its position in shares of Universal Display Corporation by 8.7% during the 3rd quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 5,588 shares of the semiconductor company’s stock valued at $720,000 after buying an additional 445 shares in the last quarter. Hedge funds and other institutional investors own 63.97% of the company’s stock.

Several brokerages recently weighed in on OLED. Goldman Sachs Group, Inc. (The) reiterated a “buy” rating and issued a $150.00 price target (up previously from $140.00) on shares of Universal Display Corporation in a report on Wednesday, August 9th. Zacks Investment Research upgraded shares of Universal Display Corporation from a “hold” rating to a “strong-buy” rating and set a $168.00 price target on the stock in a report on Thursday, November 2nd. Susquehanna Bancshares Inc reiterated a “positive” rating and issued a $150.00 price target (up previously from $120.00) on shares of Universal Display Corporation in a report on Wednesday, August 9th. Needham & Company LLC reiterated a “hold” rating on shares of Universal Display Corporation in a report on Friday, November 3rd. Finally, Cowen and Company reiterated an “outperform” rating and issued a $195.00 price target (up previously from $155.00) on shares of Universal Display Corporation in a report on Friday. Eight investment analysts have rated the stock with a hold rating, five have assigned a buy rating and one has issued a strong buy rating to the company. Universal Display Corporation presently has an average rating of “Buy” and a consensus price target of $139.78.

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.

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

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