In yesterday’s Wall Street session, Universal Display Corporation (NASDAQ:OLED) shares traded at $132.92, up 2.90% from the previous session.
OLED stock price is now 17.71% away from the 50-day moving average and 16.10% away from the 200-day moving average. The market capitalization of the company currently stands at $6.22B.
With the price target enhanced from $82 to $135, Susquehanna Upgraded its rating from Negative to Neutral for Universal Display Corporation (NASDAQ: OLED). On June 29, 2022, BofA Securities Downgraded its previous ‘Buy’ rating to ‘Neutral’ on the stock reducing its target price from $190 to quote $135, while ‘Citigroup’ rates the stock as ‘Buy’.
In other news, Comparin Cynthia Jane, Director sold 3,628 shares of the company’s stock on Nov 14. The stock was sold for $398,645 at an average price of $109.88. Upon completion of the transaction, the Director now directly owns 0 shares in the company, valued at $0.0. An SEC document containing details of the transaction can be found on the SEC’s website. On Nov 14, Director LACERTE LAWRENCE sold 30,000 shares of the business’s stock. A total of $3,302,305 was realized by selling the stock at an average price of $110.08. This leaves the insider owning 160,732 shares of the company worth $21.36 million. Insiders disposed of 172,251 shares of company stock worth roughly $22.9 million over the past 1 year. A total of 1.00% of the company’s stock is owned by insiders.
There have been several recent changes in the stakes of large investors in OLED stock. A new stake in Universal Display Corporation shares was purchased by POINT72 ASSET MANAGEMENT, L.P. during the first quarter worth $33,773,000. MARSHALL WACE, LLP invested $23,735,000 in shares of OLED during the first quarter. In the first quarter, ALBAR CAPITAL LTD acquired a new stake in Universal Display Corporation valued at approximately $23,255,000. BANK OF NOVA SCOTIA acquired a new stake in OLED for approximately $15,136,000. JUPITER ASSET MANAGEMENT LTD purchased a new stake in OLED valued at around $13,294,000 in the second quarter. In total, there are 527 active investors with 78.50% ownership of the company’s stock.
Monday morning saw Universal Display Corporation (NASDAQ: OLED) opened at $130.00. During the past 12 months, Universal Display Corporation has had a low of $89.41 and a high of $176.41. As of last week, the company has a debt-to-equity ratio of 0.00, a current ratio of 7.10, and a quick ratio of 5.80. The fifty day moving average price for OLED is $113.52 and a two-hundred day moving average price translates $114.34 for the stock.
The latest earnings results from Universal Display Corporation (NASDAQ: OLED) was released for Jun, 2022. According to the Semiconductor Equipment & Materials Company, earnings per share came in at $0.87, missing analysts’ expectations of $1.03 by -0.16. This compares to $0.97 EPS in the same period last year. The net profit margin was 31.90% and return on equity was 16.50% for OLED. The company reported revenue of $160.56 million for the quarter, compared to $143.62 million a year earlier. Comparatively to last year’s same quarter, the company’s quarterly revenue rose 11.79 percent. For the current quarter, analysts expect OLED to generate $148.42M in revenue.
Moreover, the firm recently paid out its quarterly dividend on 12/30/2022. Investors who held shares on 12/16/2022 were paid a $0.30 dividend. On an annualized basis, this represents a $1.20 dividend and a 0.90% percent yield. There was an ex-dividend date of 12/15/2022 for this dividend. In terms of dividend payout ratio, OLED is presently at 27.50%.
Universal Display Corporation(OLED) Company Profile
Universal Display Corporation engages in the research, development, and commercialization of organic light emitting diode (OLED) technologies and materials for use in display and solid-state lighting applications. It owns, exclusively licenses, or has sole rights to sublicense approximately 5,500 issued and pending patents worldwide. The company supplies its proprietary UniversalPHOLED materials to display and lighting manufacturers, and others. It is also involved in the research, development, and commercialization of other OLED device and manufacturing technologies, including FOLED that are flexible OLEDs for the fabrication of OLEDs on flexible substrates; OVJP, an organic vapor jet printing technology; thin-film encapsulation technology for the packaging of flexible OLEDs and other thin-film devices, as well as for use as a barrier film for plastic substrates; and UniversalP2OLED, which are printable phosphorescent OLEDs. In addition, the company provides technology development and support services, including third-party collaboration and support to third parties for the commercialization of their OLED products. Further, it provides contract research services in the areas of chemical materials synthesis research, development, and commercialization for non-OLED applications. Universal Display Corporation was founded in 1985 and is headquartered in Ewing, New Jersey.