Insider Selling: Universal Display Co. (NASDAQ:OLED) EVP Sells 10,358 Shares of Stock

Universal Display Co. (NASDAQ:OLED) EVP Julia J. Brown sold 10,358 shares of the company’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 completion of the sale, the executive vice president now directly owns 56,624 shares of the company’s stock, valued at approximately $9,909,200. The sale was disclosed in a filing with the SEC, which is accessible through this link.

Universal Display Price Performance

OLED stock traded down $1.39 during trading on Thursday, reaching $173.76. The company had a trading volume of 256,746 shares, compared to its average volume of 291,378. The business has a 50 day moving average of $163.58 and a 200 day moving average of $169.40. The company has a market cap of $8.24 billion, a P/E ratio of 37.65, a PEG ratio of 1.85 and a beta of 1.44. Universal Display Co. has a 52 week low of $133.67 and a 52 week high of $194.84.

Universal Display (NASDAQ:OLED) last released its earnings results on Thursday, May 2nd. The semiconductor company reported $1.19 EPS for the quarter, beating analysts’ consensus estimates of $1.05 by $0.14. The company had revenue of $165.26 million during the quarter, compared to analysts’ expectations of $150.75 million. Universal Display had a return on equity of 15.57% and a net margin of 36.00%. The firm’s revenue for the quarter was up 26.7% compared to the same quarter last year. During the same quarter last year, the business posted $0.83 EPS. Research analysts expect that Universal Display Co. will post 4.74 earnings per share for the current year.

Universal Display Dividend Announcement

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

Analysts Set New Price Targets

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

Institutional Trading of Universal Display

Institutional investors have recently bought and sold shares of the company. Commonwealth Equity Services LLC increased its holdings in shares of Universal Display by 7.6% in the 3rd quarter. Commonwealth Equity Services LLC now owns 15,697 shares of the semiconductor company’s stock worth $2,464,000 after purchasing an additional 1,107 shares in the last quarter. Cambridge Investment Research Advisors Inc. raised its stake in shares of Universal Display by 2.0% in the third quarter. Cambridge Investment Research Advisors Inc. now owns 8,190 shares of the semiconductor company’s stock worth $1,286,000 after buying an additional 162 shares during the period. Raymond James Financial Services Advisors Inc. grew its stake in shares of Universal Display by 1.3% during the 3rd quarter. Raymond James Financial Services Advisors Inc. now owns 21,316 shares of the semiconductor company’s stock valued at $3,346,000 after acquiring an additional 282 shares during the period. Stratos Wealth Partners LTD. bought a new stake in Universal Display during the 3rd quarter worth approximately $340,000. Finally, Zurcher Kantonalbank Zurich Cantonalbank lifted its holdings in Universal Display by 56.1% during the third quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 12,193 shares of the semiconductor company’s stock valued at $1,914,000 after purchasing an additional 4,383 shares in the last quarter. 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.