Insider Selling: Universal Display Co. (NASDAQ:OLED) SVP Sells 8,202 Shares of Stock

Universal Display Co. (NASDAQ:OLED) SVP Mauro Premutico sold 8,202 shares of the company’s stock in a transaction dated Tuesday, May 7th. The shares were sold at an average price of $176.82, for a total value of $1,450,277.64. Following the completion of 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 SEC, which can be accessed through the SEC website.

Universal Display Trading Down 0.8 %

Shares of NASDAQ OLED traded down $1.39 during midday trading on Thursday, reaching $173.76. 256,746 shares of the stock were exchanged, compared to its average volume of 291,378. The company has a market capitalization of $8.24 billion, a P/E ratio of 37.65, a P/E/G ratio of 1.85 and a beta of 1.44. The stock has a 50 day moving average price of $163.58 and a 200-day moving average price of $169.40. 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, topping the consensus estimate of $1.05 by $0.14. Universal Display had a net margin of 36.00% and a return on equity of 15.57%. The firm had revenue of $165.26 million during the quarter, compared to analysts’ expectations of $150.75 million. During the same period in the previous year, the company earned $0.83 EPS. Universal Display’s revenue for the quarter was up 26.7% on a year-over-year basis. On average, analysts forecast that Universal Display Co. will post 4.74 earnings per share for the current year.

Universal Display Dividend Announcement

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

Analyst Upgrades and Downgrades

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

Hedge Funds Weigh In On Universal Display

Hedge funds have recently made changes to their positions in the stock. Vontobel Holding Ltd. raised its stake in shares of Universal Display by 6.4% in the 4th quarter. Vontobel Holding Ltd. now owns 309,804 shares of the semiconductor company’s stock valued at $59,253,000 after acquiring an additional 18,582 shares during the period. Van ECK Associates Corp raised its holdings in shares of Universal Display by 18.3% during the 4th quarter. Van ECK Associates Corp now owns 270,184 shares of the semiconductor company’s stock valued at $51,676,000 after buying an additional 41,795 shares during the period. FengHe Fund Management Pte. Ltd. acquired a new stake in Universal Display in the fourth quarter valued at approximately $5,451,000. Linden Thomas Advisory Services LLC lifted its position in shares of Universal Display by 3.3% during the fourth quarter. Linden Thomas Advisory Services LLC now owns 14,848 shares of the semiconductor company’s stock worth $2,840,000 after purchasing an additional 469 shares in the last quarter. Finally, Sei Investments Co. grew its holdings in Universal Display by 54.5% during the 3rd quarter. Sei Investments Co. now owns 80,538 shares of the semiconductor company’s stock valued at $12,644,000 after purchasing an additional 28,415 shares in the last quarter. Institutional investors and hedge funds own 78.19% 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 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.