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

Universal Display Co. (NASDAQ:OLEDGet Free Report) 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:OLEDGet Free Report) 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.

Get Our Latest Report on OLED

Universal Display Company Profile

(Get Free Report)

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.

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