Universal Display Co. (NASDAQ:OLED) SVP Mauro Premutico Sells 8,202 Shares

Universal Display Co. (NASDAQ:OLED) SVP Mauro Premutico sold 8,202 shares of the firm’s stock in a transaction on Tuesday, May 7th. The stock was sold at an average price of $176.82, for a total transaction of $1,450,277.64. Following the transaction, the senior vice president now directly owns 28,743 shares of the company’s stock, valued at approximately $5,082,337.26. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through this hyperlink.

Universal Display Stock Up 0.5 %

Shares of NASDAQ OLED opened at $174.57 on Friday. The business has a 50-day moving average price of $163.57 and a 200 day moving average price of $169.43. Universal Display Co. has a 52-week low of $133.67 and a 52-week high of $194.84. The stock has a market cap of $8.28 billion, a PE ratio of 37.77, a price-to-earnings-growth ratio of 1.85 and a beta of 1.44.

Universal Display (NASDAQ:OLED) last posted its quarterly earnings data on Thursday, May 2nd. The semiconductor company reported $1.19 EPS for the quarter, beating analysts’ consensus estimates of $1.05 by $0.14. Universal Display had a net margin of 36.00% and a return on equity of 15.57%. The company had revenue of $165.26 million for the quarter, compared to analyst estimates of $150.75 million. During the same period in the previous year, the business posted $0.83 earnings per share. Universal Display’s quarterly revenue was up 26.7% on a year-over-year basis. Sell-side analysts anticipate that Universal Display Co. will post 4.74 earnings per share for the current year.

Universal Display Announces Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Friday, June 28th. Investors of record on Friday, June 14th will be issued a dividend of $0.40 per share. The ex-dividend date of this dividend is Friday, June 14th. This represents a $1.60 annualized dividend and a yield of 0.92%. Universal Display’s dividend payout ratio is presently 34.78%.

Analyst Ratings Changes

Several analysts recently commented on OLED shares. Citigroup restated a “neutral” rating and set a $180.00 price target (up previously from $161.00) on shares of Universal Display in a research report on Friday, January 19th. Needham & Company LLC reiterated a “buy” rating and set a $198.00 price target on shares of Universal Display in a research report on Friday, May 3rd. TD Cowen increased their target price on Universal Display from $165.00 to $210.00 and gave the company an “outperform” rating in a research report on Friday, February 23rd. Finally, Oppenheimer reaffirmed an “outperform” rating and set a $200.00 price objective (down from $210.00) on shares of Universal Display in a report on Friday, February 23rd. Two research analysts have rated the stock with a hold rating and six have assigned a buy rating to the company’s stock. According to data from MarketBeat.com, the company currently has an average rating of “Moderate Buy” and a consensus target price of $199.86.

Institutional Inflows and Outflows

Several institutional investors have recently modified their holdings of OLED. Peapack Gladstone Financial Corp raised its stake in Universal Display by 1.8% during the fourth quarter. Peapack Gladstone Financial Corp now owns 3,367 shares of the semiconductor company’s stock worth $643,000 after purchasing an additional 60 shares during the period. 1492 Capital Management LLC grew its position in Universal Display by 0.8% in the fourth quarter. 1492 Capital Management LLC now owns 9,543 shares of the semiconductor company’s stock valued at $1,825,000 after acquiring an additional 79 shares in the last quarter. Treasurer of the State of North Carolina lifted its holdings in Universal Display by 0.5% in the 3rd quarter. Treasurer of the State of North Carolina now owns 20,516 shares of the semiconductor company’s stock worth $3,221,000 after buying an additional 100 shares in the last quarter. Spire Wealth Management increased its holdings in Universal Display by 11.1% during the 1st quarter. Spire Wealth Management now owns 1,000 shares of the semiconductor company’s stock worth $168,000 after purchasing an additional 100 shares during the last quarter. Finally, CWM LLC grew its position in shares of Universal Display by 21.0% during the fourth quarter. CWM LLC now owns 606 shares of the semiconductor company’s stock worth $116,000 after buying an additional 105 shares in the last quarter. 78.19% of the stock is currently owned by institutional investors and hedge funds.

Universal Display Company Profile

Universal Display Corporation engages in the research, development, and commercialization of organic light emitting diode (OLED) technologies and materials for use in display and solid-state lighting applications in the United States and internationally. The company offers PHOLED technologies and materials for displays and lighting products under the UniversalPHOLED brand.