News stories about Universal Display Corporation (NASDAQ:OLED) have trended positive on Saturday, AlphaOne Sentiment reports. The research firm, a unit of Accern, identifies positive and negative media coverage by monitoring more than twenty million news and blog sources in real time. AlphaOne ranks coverage of publicly-traded companies on a scale of -1 to 1, with scores closest to one being the most favorable. Universal Display Corporation earned a media sentiment score of 0.44 on AlphaOne’s scale. AlphaOne also assigned headlines about the semiconductor company an impact score of 54 out of 100, meaning that recent media coverage is somewhat likely to have an effect on the company’s share price in the immediate future.
These are some of the headlines that may have impacted AlphaOne Sentiment’s scoring:
- Universal Display and Japan Display extends agreement (evertiq.com)
- The New Technology to Further Power This Stock Higher (profitconfidential.com)
- Universal Display Corporation to Webcast Annual Shareholders Meeting (finance.yahoo.com)
- Universal Display Corp (OLED) Ichimoku Reveals Positive Momentum – Evergreen Caller (evergreencaller.com)
- Universal Display Corporation (OLED) Ex-Dividend Date Scheduled for June 13, 2017 – Nasdaq (nasdaq.com)
Several research analysts recently commented on the company. Needham & Company LLC reaffirmed a “hold” rating on shares of Universal Display Corporation in a research report on Wednesday, February 22nd. Cowen and Company reduced their target price on Universal Display Corporation from $105.00 to $90.00 and set an “outperform” rating for the company in a research report on Wednesday, May 3rd. Zacks Investment Research raised Universal Display Corporation from a “sell” rating to a “hold” rating in a research report on Saturday, May 6th. Susquehanna Bancshares Inc raised their target price on Universal Display Corporation from $100.00 to $105.00 and gave the stock a “positive” rating in a research report on Friday, February 24th. Finally, Gabelli reaffirmed a “buy” rating on shares of Universal Display Corporation in a research report on Monday, May 8th. Four equities research analysts have rated the stock with a hold rating, six have given a buy rating and one has assigned a strong buy rating to the company’s stock. The stock presently has a consensus rating of “Buy” and a consensus target price of $101.38.
Shares of Universal Display Corporation (OLED) traded up 1.26% on Friday, hitting $116.90. The company’s stock had a trading volume of 604,976 shares. Universal Display Corporation has a 52 week low of $47.88 and a 52 week high of $130.65. The firm has a market cap of $5.50 billion, a price-to-earnings ratio of 97.50 and a beta of 1.16. The stock’s 50-day moving average price is $112.78 and its 200-day moving average price is $81.56.
Universal Display Corporation (NASDAQ:OLED) last released its earnings results on Thursday, May 4th. The semiconductor company reported $0.22 earnings per share (EPS) for the quarter. The company had revenue of $55.60 million for the quarter, compared to analyst estimates of $33.53 million. Universal Display Corporation had a return on equity of 10.85% and a net margin of 25.13%. Universal Display Corporation’s quarterly revenue was up 87.2% on a year-over-year basis. During the same period in the prior year, the firm posted $0.04 EPS. Equities analysts expect that Universal Display Corporation will post $1.84 earnings per share for the current fiscal year.
The firm also recently disclosed a quarterly dividend, which will be paid on Friday, June 30th. Investors of record on Thursday, June 15th will be given a dividend of $0.03 per share. The ex-dividend date is Tuesday, June 13th. This represents a $0.12 annualized dividend and a dividend yield of 0.10%. Universal Display Corporation’s dividend payout ratio is currently 10.00%.
In related news, Director Leonard Becker sold 3,750 shares of the company’s stock in a transaction on Wednesday, May 24th. The stock was sold at an average price of $114.24, for a total transaction of $428,400.00. Following the completion of the sale, the director now directly owns 13,750 shares in the company, valued at approximately $1,570,800. The sale was disclosed in a filing with the SEC, which is available through this link. Also, Director C Keith Hartley sold 10,000 shares of the company’s stock in a transaction on Wednesday, May 10th. The stock was sold at an average price of $114.87, for a total value of $1,148,700.00. Following the sale, the director now owns 70,549 shares of the company’s stock, valued at $8,103,963.63. The disclosure for this sale can be found here. Over the last 90 days, insiders have sold 77,278 shares of company stock valued at $8,783,289. 5.70% of the stock is owned by corporate insiders.
About Universal Display Corporation
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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