Economy

The Recent Research Analysts' Ratings Changes for Universal Display Corp. (OLED)

The company presently has a consensus rating of Buy and a consensus target price of $134.78.

All statements in this document that are not historical, such as those relating to Universal Display Corporation's technologies and potential applications of those technologies, the Company's expected results and future declaration of dividends, as well as the growth of the OLED market and the Company's opportunities in that market, are forward-looking financial statements within the meaning of the Private Securities Litigation Reform Act of 1995. The company reported ($0.03) earnings per share (EPS) for the quarter, topping the Thomson Reuters' consensus estimate of ($0.04) by $0.01. The company had revenue of $61.70 million for the quarter, compared to the consensus estimate of $47.35 million. The company's quarterly revenue was up 104.3% on a year-over-year basis. During the same quarter in the prior year, the business earned ($0.03) earnings per share. analysts forecast that Universal Display Corporation will post 2.27 earnings per share for the current fiscal year. If you are reading this article on another domain, it was illegally stolen and reposted in violation of United States and worldwide trademark & copyright legislation.

OLED has been the subject of a number of other research reports. Finally, Deutsche Bank AG raised their price target on Universal Display Corporation to $150.00 and gave the company a "buy" rating in a research note on Tuesday, October 31st. BidaskClub upgraded Universal Display Corporation from a "sell" rating to a "hold" rating in a research note on Friday, August 25th.

Needham & Company LLC reiterated their hold rating on shares of Universal Display Corporation (NASDAQ:OLED) in a report issued on Friday. Vanguard Group Inc owns $530.25 million in Universal Display Corporation, which represents roughly 7.26% of the company's market cap and approximately 10.88% of the institutional ownership. (The) reiterated a "buy" rating and issued a $161.00 target price (up previously from $150.00) on shares of Universal Display Corporation in a research note on Monday, September 18th. Also, there are 0 buy, 0 sell and 0 strong sell ratings, collectively assigning a 2.11 average brokerage recommendation.

Universal Display Corporation (NASDAQ:OLED) closed up +1.65 points or 1.16% at $144.35 with 1.09 mln shares exchanging hands.

Over the past 50 days, Universal Display Corporation stock's 5.95% off of the high and 45.19% removed from the low. The company has a market capitalization of $7,437.18, a PE ratio of 77.50 and a beta of 1.03. The data from the past twelve months tells a similar story: insiders executed 34 buys and 54 sells, and ownership decreased by a net of 609047 shares. Breaking that down further, it has performed 3.66% for the week, 2.18% for the month, 0.38% over the last quarter, 23.86% for the past half-year and 22.60% for this previous year. Alps Advisors Inc. now owns 5,776 shares of the semiconductor company's stock worth $631,000 after purchasing an additional 15 shares during the last quarter. Mitra Capital LLC bought a new stake in shares of Universal Display Corporation during the second quarter worth $109,000. Legal & General Group Plc now owns 14,415 shares of the semiconductor company's stock valued at $1,240,000 after purchasing an additional 806 shares during the last quarter. Finally, Legal & General Group Plc increased its holdings in shares of Universal Display Corporation by 5.9% in the first quarter. IL grew its holdings in shares of Universal Display Corporation by 2.7% during the second quarter. FMR LLC now owns 325,005 shares of the semiconductor company's stock valued at $27,983,000 after purchasing an additional 214,324 shares during the last quarter.

In other Universal Display Corporation news, CFO Sidney D. Rosenblatt sold 50,240 shares of the firm's stock in a transaction dated Monday, September 18th. After a recent check, it is observed that the insiders for the firm now own 3.00% shares.

The business also recently disclosed a quarterly dividend, which will be paid on Friday, December 29th. This represents a $0.12 annualized dividend and a yield of 0.08%. The ex-dividend date is Thursday, December 14th. The third largest holder is Waddell & Reed Financial Inc, which now holds $393.31 million worth of this stock and that ownership represents almost 5.39% of its market capitalization.



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