Lawrence Lacerte Purchases 742 Shares of Universal Display Co. (NASDAQ:OLED) Stock

Universal Display Co. (NASDAQ:OLED) Director Lawrence Lacerte purchased 742 shares of the stock in a transaction dated Monday, November 4th. The stock was bought at an average cost of $180.89 per share, with a total value of $134,220.38. Following the completion of the purchase, the director now owns 122,372 shares in the company, valued at $22,135,871.08. The trade was a 0.00 % increase in their ownership of the stock. The purchase was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website.

Universal Display Price Performance

OLED stock opened at $183.46 on Friday. The stock has a market capitalization of $8.71 billion, a P/E ratio of 36.84, a P/E/G ratio of 1.99 and a beta of 1.43. Universal Display Co. has a fifty-two week low of $148.18 and a fifty-two week high of $237.00. The business has a 50-day moving average of $200.76 and a 200-day moving average of $194.78.

Universal Display (NASDAQ:OLED) last released its quarterly earnings results on Wednesday, October 30th. The semiconductor company reported $1.40 earnings per share for the quarter, topping analysts’ consensus estimates of $1.19 by $0.21. The firm had revenue of $161.63 million during the quarter, compared to the consensus estimate of $165.28 million. Universal Display had a return on equity of 15.75% and a net margin of 36.98%. The business’s revenue was up 14.6% on a year-over-year basis. During the same quarter in the prior year, the firm posted $1.08 EPS. Equities analysts expect that Universal Display Co. will post 4.79 EPS for the current year.

Universal Display Dividend Announcement

The firm also recently declared a quarterly dividend, which will be paid on Tuesday, December 31st. Shareholders of record on Tuesday, December 17th will be given a dividend of $0.40 per share. The ex-dividend date is Tuesday, December 17th. This represents a $1.60 annualized dividend and a yield of 0.87%. Universal Display’s dividend payout ratio (DPR) is presently 32.13%.

Hedge Funds Weigh In On Universal Display

Large investors have recently modified their holdings of the business. Assetmark Inc. bought a new stake in Universal Display during the third quarter worth about $29,000. V Square Quantitative Management LLC bought a new stake in shares of Universal Display during the 3rd quarter worth approximately $31,000. ORG Partners LLC acquired a new stake in shares of Universal Display in the 1st quarter valued at approximately $27,000. Nisa Investment Advisors LLC grew its stake in shares of Universal Display by 60.2% in the third quarter. Nisa Investment Advisors LLC now owns 173 shares of the semiconductor company’s stock valued at $36,000 after buying an additional 65 shares in the last quarter. Finally, Itau Unibanco Holding S.A. acquired a new position in Universal Display during the second quarter worth $44,000. 78.19% of the stock is currently owned by institutional investors and hedge funds.

Wall Street Analyst Weigh In

A number of research analysts recently issued reports on OLED shares. Roth Mkm boosted their price objective on shares of Universal Display from $189.00 to $217.00 and gave the company a “buy” rating in a report on Friday, August 2nd. The Goldman Sachs Group upped their price objective on shares of Universal Display from $208.00 to $243.00 and gave the company a “buy” rating in a research report on Thursday, July 18th. Needham & Company LLC reduced their target price on Universal Display from $242.00 to $215.00 and set a “buy” rating on the stock in a report on Thursday, October 31st. Oppenheimer decreased their target price on Universal Display from $240.00 to $220.00 and set an “outperform” rating for the company in a research note on Thursday, October 31st. Finally, TD Cowen dropped their price target on Universal Display from $250.00 to $225.00 and set a “buy” rating on the stock in a research report on Thursday, October 31st. Two analysts have rated the stock with a hold rating and six have issued a buy rating to the stock. According to data from MarketBeat, the company presently has a consensus rating of “Moderate Buy” and a consensus price target of $215.63.

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.