Universal Display Co. (NASDAQ:OLED) Chairman Sherwin I. Seligsohn sold 50,000 shares of the stock in a transaction dated Friday, January 12th. The stock was sold at an average price of $200.00, for a total value of $10,000,000.00. Following the transaction, the chairman now directly owns 143,119 shares in the company, valued at approximately $28,623,800. The transaction was disclosed in a filing with the SEC, which is available at this link.

Shares of Universal Display Co. (NASDAQ:OLED) opened at $203.45 on Thursday. Universal Display Co. has a 1-year low of $56.15 and a 1-year high of $205.00. The firm has a market capitalization of $9,570.00, a PE ratio of 97.34 and a beta of 1.07.

Universal Display (NASDAQ:OLED) last issued its quarterly earnings results on Thursday, November 2nd. The semiconductor company reported $0.28 earnings per share for the quarter, topping the Thomson Reuters’ consensus estimate of $0.09 by $0.19. Universal Display had a return on equity of 16.67% and a net margin of 32.92%. The company had revenue of $61.70 million for the quarter, compared to the consensus estimate of $47.35 million. During the same quarter in the prior year, the business earned ($0.03) EPS. Universal Display’s revenue was up 104.3% on a year-over-year basis. analysts forecast that Universal Display Co. will post 2.33 earnings per share for the current year.

The business also recently declared a quarterly dividend, which was paid on Friday, December 29th. Shareholders of record on Friday, December 15th were issued a dividend of $0.03 per share. The ex-dividend date of this dividend was Thursday, December 14th. This represents a $0.12 annualized dividend and a yield of 0.06%. Universal Display’s dividend payout ratio (DPR) is 5.74%.

A number of hedge funds and other institutional investors have recently modified their holdings of OLED. Mitra Capital LLC purchased a new stake in Universal Display during the 2nd quarter worth about $109,000. BNP Paribas Arbitrage SA increased its holdings in Universal Display by 79.4% during the 2nd quarter. BNP Paribas Arbitrage SA now owns 1,536 shares of the semiconductor company’s stock worth $168,000 after purchasing an additional 680 shares during the period. CIBC Asset Management Inc purchased a new stake in Universal Display during the 3rd quarter worth about $205,000. Ballentine Partners LLC purchased a new stake in Universal Display during the 3rd quarter worth about $209,000. Finally, Jarislowsky Fraser Ltd purchased a new position in shares of Universal Display in the 3rd quarter valued at about $212,000. Institutional investors own 64.87% of the company’s stock.

Several research firms recently issued reports on OLED. Zacks Investment Research lowered Universal Display from a “buy” rating to a “hold” rating in a research note on Tuesday, January 9th. Susquehanna Bancshares increased their target price on Universal Display from $195.00 to $215.00 and gave the stock a “positive” rating in a research note on Friday, January 5th. Cowen set a $140.00 target price on Universal Display and gave the stock a “buy” rating in a research note on Wednesday, October 11th. Deutsche Bank increased their target price on Universal Display to $150.00 and gave the stock a “buy” rating in a research note on Tuesday, October 31st. Finally, Cross Research lowered Universal Display from a “buy” rating to a “hold” rating in a research note on Tuesday, October 31st. Nine research analysts have rated the stock with a hold rating and six have assigned a buy rating to the company’s stock. Universal Display has an average rating of “Hold” and a consensus target price of $161.50.

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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.

Insider Buying and Selling by Quarter for Universal Display (NASDAQ:OLED)

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