Universal Display (NASDAQ:OLED) Reaches New 1-Year High at $212.30

Universal Display Co. (NASDAQ:OLED) hit a new 52-week high during mid-day trading on Monday . The stock traded as high as $212.30 and last traded at $209.73, with a volume of 15582 shares traded. The stock had previously closed at $209.42.

Analyst Ratings Changes

Separately, Needham & Company LLC reissued a “buy” rating and issued a $198.00 price objective on shares of Universal Display in a research note on Friday, May 3rd. Two research analysts have rated the stock with a hold rating and six have issued a buy rating to the company’s stock. According to data from MarketBeat, Universal Display has a consensus rating of “Moderate Buy” and a consensus target price of $199.86.

Universal Display Stock Up 0.3 %

The company has a market cap of $9.97 billion, a P/E ratio of 45.53, a P/E/G ratio of 2.24 and a beta of 1.47. The business’s 50 day moving average is $175.68 and its 200 day moving average is $175.52.

Universal Display (NASDAQ:OLED) last issued its quarterly earnings data on Thursday, May 2nd. The semiconductor company reported $1.19 EPS for the quarter, topping analysts’ consensus estimates of $1.05 by $0.14. The company had revenue of $165.26 million during the quarter, compared to the consensus estimate of $150.75 million. Universal Display had a net margin of 36.00% and a return on equity of 15.57%. Universal Display’s revenue for the quarter was up 26.7% compared to the same quarter last year. During the same quarter in the previous year, the firm posted $0.83 earnings per share. As a group, equities research analysts forecast that Universal Display Co. will post 4.75 EPS for the current year.

Universal Display Dividend Announcement

The firm also recently declared a quarterly dividend, which will be paid on Friday, June 28th. Stockholders of record on Friday, June 14th will be given a dividend of $0.40 per share. This represents a $1.60 dividend on an annualized basis and a dividend yield of 0.76%. The ex-dividend date is Friday, June 14th. Universal Display’s payout ratio is presently 34.78%.

Insider Transactions at Universal Display

In other news, SVP Mauro Premutico sold 8,202 shares of the company’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 $5,082,337.26. The sale was disclosed in a legal filing with the SEC, which is accessible through the SEC website. In other news, SVP Mauro Premutico sold 8,202 shares of the business’s stock in a transaction on Tuesday, May 7th. The shares were sold at an average price of $176.82, for a total transaction of $1,450,277.64. Following the sale, the senior vice president now directly owns 28,743 shares of the company’s stock, valued at $5,082,337.26. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through this link. Also, EVP Julia J. Brown sold 10,358 shares of the business’s stock in a transaction on Wednesday, May 8th. The shares were sold at an average price of $175.00, for a total transaction of $1,812,650.00. Following the sale, the executive vice president now directly owns 56,624 shares in the company, valued at $9,909,200. The disclosure for this sale can be found here. Insiders own 1.90% of the company’s stock.

Institutional Investors Weigh In On Universal Display

Hedge funds have recently added to or reduced their stakes in the business. Vontobel Holding Ltd. boosted its holdings in Universal Display by 6.4% in the fourth quarter. Vontobel Holding Ltd. now owns 309,804 shares of the semiconductor company’s stock valued at $59,253,000 after purchasing an additional 18,582 shares during the last quarter. Van ECK Associates Corp raised its position in shares of Universal Display by 18.3% in the fourth quarter. Van ECK Associates Corp now owns 270,184 shares of the semiconductor company’s stock worth $51,676,000 after acquiring an additional 41,795 shares during the period. FengHe Fund Management Pte. Ltd. acquired a new position in shares of Universal Display in the fourth quarter worth about $5,451,000. Weiss Asset Management LP acquired a new position in shares of Universal Display in the fourth quarter worth about $1,602,000. Finally, Linden Thomas Advisory Services LLC raised its position in shares of Universal Display by 3.3% in the fourth quarter. Linden Thomas Advisory Services LLC now owns 14,848 shares of the semiconductor company’s stock worth $2,840,000 after acquiring an additional 469 shares during the period. 78.19% of the stock is owned by hedge funds and other institutional investors.

About Universal Display

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.