Universal Display (NASDAQ:OLED) will be releasing its earnings data after the market closes on Thursday, February 21st. Analysts expect Universal Display to post earnings of $0.35 per share for the quarter. Parties that are interested in registering for the company’s conference call can do so using this link.
Shares of OLED stock opened at $117.65 on Thursday. The stock has a market cap of $5.50 billion, a price-to-earnings ratio of 48.42, a P/E/G ratio of 1.78 and a beta of 1.29. Universal Display has a 1-year low of $78.75 and a 1-year high of $167.70.
OLED has been the subject of several research analyst reports. BidaskClub raised shares of Universal Display from a “buy” rating to a “strong-buy” rating in a research note on Saturday, February 9th. Goldman Sachs Group set a $139.00 target price on shares of Universal Display and gave the stock a “buy” rating in a research note on Friday, November 2nd. ValuEngine lowered shares of Universal Display from a “strong-buy” rating to a “buy” rating in a research note on Wednesday, January 2nd. Oppenheimer lowered their target price on shares of Universal Display from $120.00 to $115.00 and set an “outperform” rating for the company in a research note on Wednesday, January 23rd. Finally, Gabelli lowered shares of Universal Display from a “buy” rating to a “hold” rating in a research note on Friday, November 2nd. One equities research analyst has rated the stock with a sell rating, two have assigned a hold rating, eight have assigned a buy rating and one has assigned a strong buy rating to the company. Universal Display currently has a consensus rating of “Buy” and an average price target of $141.63.
In other Universal Display news, Director Rosemarie B. Greco sold 3,750 shares of the stock in a transaction dated Friday, November 30th. The shares were sold at an average price of $91.39, for a total transaction of $342,712.50. Following the completion of the transaction, the director now owns 9,450 shares of the company’s stock, valued at $863,635.50. The sale was disclosed in a legal filing with the SEC, which is available at this link. Company insiders own 4.00% of the company’s stock.
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 flat panel displays and solid-state lighting applications. As of February 22, 2018, it owned or had exclusive and co-exclusive licenses, or had sole license rights with respect to approximately 4,500 issued and pending patents worldwide.
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