Media headlines about Universal Display Corporation (NASDAQ:OLED) have been trending somewhat positive recently, according to Accern Sentiment. The research group identifies positive and negative press coverage by reviewing more than twenty million news and blog sources in real time. Accern ranks coverage of companies on a scale of negative one to one, with scores closest to one being the most favorable. Universal Display Corporation earned a media sentiment score of 0.19 on Accern’s scale. Accern also gave news headlines about the semiconductor company an impact score of 45.4312528026326 out of 100, indicating that recent press coverage is somewhat unlikely to have an impact on the stock’s share price in the immediate future.
Here are some of the news headlines that may have impacted Accern Sentiment Analysis’s rankings:
- From A Very Different Angle: Green Dot Corporation (GDOT), Universal Display Corporation (OLED) – AllStockNews (allstocknews.com)
- Universal Display Corporation (OLED) Stock Recommendation Reaffirmed by Cowen and Company – Insider Tradings (insidertradings.org)
- See what the IHS Markit Score report has to say about Universal Display Corp. (finance.yahoo.com)
- Universal Display Corporation (NASDAQ:OLED) Downgraded by BidaskClub to “Sell” (americanbankingnews.com)
Universal Display Corporation (OLED) traded down 1.67% on Thursday, reaching $112.15. 527,088 shares of the company traded hands. The stock’s 50-day moving average is $116.49 and its 200-day moving average is $99.12. The stock has a market capitalization of $5.27 billion, a price-to-earnings ratio of 65.01 and a beta of 1.05. Universal Display Corporation has a 1-year low of $47.88 and a 1-year high of $130.65.
Universal Display Corporation (NASDAQ:OLED) last posted its quarterly earnings results on Thursday, August 3rd. The semiconductor company reported $0.99 earnings per share for the quarter, beating the Zacks’ consensus estimate of $0.68 by $0.31. The company had revenue of $102.50 million for the quarter, compared to the consensus estimate of $84.81 million. Universal Display Corporation had a return on equity of 14.90% and a net margin of 31.15%. The firm’s quarterly revenue was up 59.2% on a year-over-year basis. During the same quarter in the prior year, the business posted $0.46 EPS. Equities research analysts expect that Universal Display Corporation will post $2.14 EPS for the current year.
The business also recently declared a quarterly dividend, which will be paid on Saturday, September 30th. Stockholders of record on Friday, September 15th will be paid a $0.03 dividend. This represents a $0.12 dividend on an annualized basis and a dividend yield of 0.11%. The ex-dividend date of this dividend is Thursday, September 14th. Universal Display Corporation’s dividend payout ratio (DPR) is currently 6.94%.
A number of research firms have recently weighed in on OLED. BidaskClub downgraded shares of Universal Display Corporation from a “hold” rating to a “sell” rating in a research report on Saturday, August 12th. Zacks Investment Research raised shares of Universal Display Corporation from a “hold” rating to a “strong-buy” rating and set a $136.00 target price for the company in a research report on Thursday, August 10th. Oppenheimer Holdings, Inc. reissued a “market perform” rating on shares of Universal Display Corporation in a research report on Wednesday, August 9th. Goldman Sachs Group, Inc. (The) reissued a “buy” rating and set a $150.00 target price (up from $140.00) on shares of Universal Display Corporation in a research report on Wednesday, August 9th. Finally, Susquehanna Bancshares Inc reissued a “positive” rating and set a $150.00 target price (up from $120.00) on shares of Universal Display Corporation in a research report on Wednesday, August 9th. One investment analyst has rated the stock with a sell rating, five have assigned a hold rating, six have given a buy rating and one has assigned a strong buy rating to the stock. The stock has a consensus rating of “Buy” and a consensus price target of $118.00.
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In other news, CEO Steven V. Abramson sold 18,000 shares of the stock in a transaction on Wednesday, July 19th. The stock was sold at an average price of $124.53, for a total value of $2,241,540.00. Following the transaction, the chief executive officer now owns 262,888 shares of the company’s stock, valued at approximately $32,737,442.64. The transaction was disclosed in a document filed with the SEC, which is accessible through the SEC website. Also, insider Julia J. Brown sold 10,000 shares of the stock in a transaction on Wednesday, July 19th. The shares were sold at an average price of $125.00, for a total value of $1,250,000.00. Following the completion of the transaction, the insider now directly owns 162,932 shares in the company, valued at approximately $20,366,500. The disclosure for this sale can be found here. In the last three months, insiders sold 31,750 shares of company stock worth $3,919,940. 5.70% of the stock is currently owned by company insiders.
Universal Display Corporation Company Profile
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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