Universal Display Co. (NASDAQ:OLED) shares were up 5.5% on Wednesday . The stock traded as high as $128.56 and last traded at $135.53, approximately 252,741 shares changed hands during mid-day trading. A decline of 69% from the average daily volume of 824,264 shares. The stock had previously closed at $128.51.
Several equities research analysts have weighed in on OLED shares. Needham & Company LLC restated a “hold” rating on shares of Universal Display in a research report on Friday, February 21st. BidaskClub cut shares of Universal Display from a “sell” rating to a “strong sell” rating in a research report on Friday, March 20th. Roth Capital lowered their price objective on shares of Universal Display from to in a research report on Monday, February 24th. Finally, ValuEngine upgraded shares of Universal Display from a “sell” rating to a “hold” rating in a research report on Friday, February 28th. Two equities research analysts have rated the stock with a sell rating, seven have issued a hold rating, two have given a buy rating and one has issued a strong buy rating to the stock. Universal Display presently has an average rating of “Hold” and an average target price of $199.45.
The stock has a market cap of $6.54 billion, a price-to-earnings ratio of 47.88, a PEG ratio of 1.40 and a beta of 1.64. The firm’s 50-day simple moving average is $155.30 and its two-hundred day simple moving average is $183.02.
The firm also recently announced a quarterly dividend, which will be paid on Tuesday, March 31st. Stockholders of record on Tuesday, March 17th will be paid a $0.15 dividend. This represents a $0.60 annualized dividend and a dividend yield of 0.43%. The ex-dividend date is Monday, March 16th. This is a positive change from Universal Display’s previous quarterly dividend of $0.10. Universal Display’s dividend payout ratio (DPR) is 18.18%.
In other Universal Display news, Director Cynthia Jane Comparin bought 645 shares of Universal Display stock in a transaction dated Wednesday, February 26th. The shares were bought at an average price of $154.25 per share, with a total value of $99,491.25. The transaction was disclosed in a document filed with the SEC, which is available at this hyperlink. 3.70% of the stock is currently owned by company insiders.
Several hedge funds and other institutional investors have recently modified their holdings of OLED. FMR LLC boosted its stake in shares of Universal Display by 156,745.0% in the 1st quarter. FMR LLC now owns 202,330 shares of the semiconductor company’s stock valued at $30,926,000 after purchasing an additional 202,201 shares during the last quarter. Voya Investment Management LLC boosted its stake in Universal Display by 10.5% during the 3rd quarter. Voya Investment Management LLC now owns 17,166 shares of the semiconductor company’s stock worth $2,882,000 after acquiring an additional 1,635 shares during the last quarter. Neo Ivy Capital Management boosted its stake in Universal Display by 41.2% during the 3rd quarter. Neo Ivy Capital Management now owns 4,894 shares of the semiconductor company’s stock worth $1,006,000 after acquiring an additional 1,428 shares during the last quarter. Virtu Financial LLC boosted its stake in Universal Display by 941.6% during the 3rd quarter. Virtu Financial LLC now owns 16,926 shares of the semiconductor company’s stock worth $2,842,000 after acquiring an additional 15,301 shares during the last quarter. Finally, California State Teachers Retirement System boosted its stake in Universal Display by 1.2% during the 3rd quarter. California State Teachers Retirement System now owns 68,657 shares of the semiconductor company’s stock worth $11,528,000 after acquiring an additional 818 shares during the last quarter. 65.60% of the stock is currently owned by institutional investors.
Universal Display Company Profile (NASDAQ:OLED)
Universal Display Corporation engages in the research, development, and commercialization of organic light emitting diode (OLED) technologies and materials for use in flat panel displays and solid-state lighting applications. As of February 21, 2019, it owned or had exclusive and co-exclusive licenses, or had sole license rights with respect to approximately 5,000 issued and pending patents worldwide.
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