Universal Display Co. (NASDAQ:OLED) Director Lawrence Lacerte Buys 742 Shares

Universal Display Co. (NASDAQ:OLED) Director Lawrence Lacerte acquired 742 shares of the company’s stock in a transaction on Monday, November 4th. The stock was acquired at an average price of $180.89 per share, for a total transaction of $134,220.38. Following the purchase, the director now directly owns 122,372 shares of the company’s stock, valued at approximately $22,135,871.08. This trade represents a 0.00 % increase in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is available at this hyperlink.

Universal Display Trading Down 1.3 %

Shares of OLED stock opened at $183.46 on Friday. The stock has a 50 day simple moving average of $200.76 and a 200 day simple moving average of $194.78. Universal Display Co. has a 1 year low of $148.18 and a 1 year high of $237.00. The stock has a market cap of $8.71 billion, a P/E ratio of 36.84, a price-to-earnings-growth ratio of 1.99 and a beta of 1.43.

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

Universal Display Announces Dividend

The company also recently announced a quarterly dividend, which will be paid on Tuesday, December 31st. Shareholders of record on Tuesday, December 17th will be issued a $0.40 dividend. This represents a $1.60 annualized dividend and a yield of 0.87%. The ex-dividend date is Tuesday, December 17th. Universal Display’s dividend payout ratio is currently 32.13%.

Analysts Set New Price Targets

A number of equities research analysts recently weighed in on OLED shares. Susquehanna increased their price target on Universal Display from $170.00 to $175.00 and gave the company a “neutral” rating in a research note on Friday, August 2nd. Roth Mkm lifted their target price on shares of Universal Display from $189.00 to $217.00 and gave the stock a “buy” rating in a report on Friday, August 2nd. The Goldman Sachs Group increased their price target on shares of Universal Display from $208.00 to $243.00 and gave the company a “buy” rating in a report on Thursday, July 18th. TD Cowen cut their price objective on shares of Universal Display from $250.00 to $225.00 and set a “buy” rating for the company in a research report on Thursday, October 31st. Finally, Oppenheimer decreased their target price on Universal Display from $240.00 to $220.00 and set an “outperform” rating on the stock in a research report on Thursday, October 31st. Two research analysts have rated the stock with a hold rating and six have given a buy rating to the company. According to MarketBeat.com, Universal Display has an average rating of “Moderate Buy” and a consensus target price of $215.63.

Institutional Trading of Universal Display

A number of institutional investors and hedge funds have recently made changes to their positions in OLED. Nisa Investment Advisors LLC raised its position in Universal Display by 60.2% during the third quarter. Nisa Investment Advisors LLC now owns 173 shares of the semiconductor company’s stock valued at $36,000 after purchasing an additional 65 shares in the last quarter. Red Spruce Capital LLC raised its holdings in shares of Universal Display by 0.7% during the 2nd quarter. Red Spruce Capital LLC now owns 11,146 shares of the semiconductor company’s stock worth $2,343,000 after buying an additional 76 shares in the last quarter. CIBC Asset Management Inc lifted its position in shares of Universal Display by 7.6% during the 2nd quarter. CIBC Asset Management Inc now owns 1,351 shares of the semiconductor company’s stock worth $284,000 after buying an additional 96 shares during the last quarter. UMB Bank n.a. boosted its stake in Universal Display by 42.1% in the third quarter. UMB Bank n.a. now owns 324 shares of the semiconductor company’s stock valued at $68,000 after buying an additional 96 shares in the last quarter. Finally, Bahl & Gaynor Inc. grew its position in Universal Display by 0.5% in the first quarter. Bahl & Gaynor Inc. now owns 18,645 shares of the semiconductor company’s stock valued at $3,141,000 after acquiring an additional 101 shares during the last quarter. Institutional investors own 78.19% of the company’s stock.

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.