Somewhat Positive News Coverage Somewhat Unlikely to Impact Universal Display (OLED) Stock Price
News headlines about Universal Display (NASDAQ:OLED) have been trending somewhat positive on Tuesday, according to Accern Sentiment. Accern rates the sentiment of news coverage by monitoring more than 20 million blog and news sources in real-time. Accern ranks coverage of companies on a scale of -1 to 1, with scores nearest to one being the most favorable. Universal Display earned a media sentiment score of 0.15 on Accern’s scale. Accern also gave news coverage about the semiconductor company an impact score of 45.3293327637685 out of 100, indicating that recent news coverage is somewhat unlikely to have an impact on the company’s share price in the next few days.
Here are some of the media stories that may have impacted Accern’s analysis:
- Head to Head Review: NeoPhotonics (NPTN) & Universal Display (OLED) (americanbankingnews.com)
- Financial Survey: Peregrine Semiconductor (PSMI) vs. Universal Display (OLED) (americanbankingnews.com)
- Universal Display Corporation (OLED) Expected to Post Quarterly Sales of $97.73 Million (americanbankingnews.com)
- Zacks: Analysts Expect Universal Display Corporation (OLED) to Post $0.82 EPS (americanbankingnews.com)
- Griping Stocks: Microchip Technology Incorporated, (NASDAQ: MCHP), Universal Display Corporation, (NASDAQ … – Stocks In The News (press release) (tradingnewsnow.com)
Shares of Universal Display (NASDAQ:OLED) traded down $1.55 during mid-day trading on Tuesday, hitting $166.00. The stock had a trading volume of 1,341,192 shares, compared to its average volume of 834,270. The firm has a market capitalization of $7,910.00, a price-to-earnings ratio of 86.62 and a beta of 1.06. Universal Display has a fifty-two week low of $54.85 and a fifty-two week high of $192.75.
Universal Display (NASDAQ:OLED) last announced its quarterly earnings data on Thursday, November 2nd. The semiconductor company reported $0.28 earnings per share for the quarter, beating analysts’ consensus estimates of $0.09 by $0.19. The business had revenue of $61.70 million for the quarter, compared to analyst estimates of $47.35 million. Universal Display had a return on equity of 16.67% and a net margin of 32.92%. The company’s revenue was up 104.3% on a year-over-year basis. During the same period in the prior year, the company earned ($0.03) earnings per share. research analysts predict that Universal Display will post 2.33 earnings per share for the current year.
The business also recently announced a quarterly dividend, which will be paid on Friday, December 29th. Stockholders of record on Friday, December 15th will be paid a $0.03 dividend. The ex-dividend date of this dividend is Thursday, December 14th. This represents a $0.12 dividend on an annualized basis and a dividend yield of 0.07%. Universal Display’s payout ratio is 5.74%.
Several brokerages recently issued reports on OLED. Evercore ISI began coverage on Universal Display in a research report on Thursday, November 30th. They set an “outperform” rating and a $225.00 target price on the stock. Zacks Investment Research raised Universal Display from a “hold” rating to a “buy” rating and set a $198.00 target price on the stock in a research report on Wednesday, November 15th. Cowen reaffirmed an “outperform” rating and set a $195.00 target price (up from $155.00) on shares of Universal Display in a research report on Friday, November 10th. Needham & Company LLC reaffirmed a “hold” rating on shares of Universal Display in a research report on Friday, November 3rd. Finally, Gabelli lowered Universal Display from a “buy” rating to a “hold” rating and set a $134.00 target price on the stock. in a research report on Friday, November 3rd. Eight investment analysts have rated the stock with a hold rating and seven have given a buy rating to the company’s stock. Universal Display currently has a consensus rating of “Hold” and a consensus target price of $151.30.
In other news, CFO Sidney D. Rosenblatt sold 50,240 shares of the company’s stock in a transaction dated Monday, September 18th. The stock was sold at an average price of $135.02, for a total value of $6,783,404.80. The sale was disclosed in a filing with the SEC, which is available at this hyperlink. Also, Director Lawrence Lacerte sold 16,500 shares of the company’s stock in a transaction dated Tuesday, November 7th. The stock was sold at an average price of $166.04, for a total value of $2,739,660.00. Following the completion of the sale, the director now owns 350,000 shares in the company, valued at approximately $58,114,000. The disclosure for this sale can be found here. Insiders sold 196,974 shares of company stock worth $30,133,174 in the last 90 days. Company insiders own 5.20% of the company’s stock.
About Universal Display
Universal Display Corporation is engaged in the research, development and commercialization of organic light emitting diode (OLED), technologies and materials for use in display and solid-state lighting applications. The Company also supplies its OLED materials to manufacturers of OLED displays and lighting products for evaluation and for use in product development and for pre-commercial activities, and it also provides technical assistance and support to these manufacturers.
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