Insider Selling: Universal Display Co. (OLED) Chairman Sells $10,000,000.00 in Stock

Universal Display Co. (NASDAQ:OLED) Chairman Sherwin I. Seligsohn sold 50,000 shares of the company’s stock in a transaction dated Friday, January 12th. The shares were sold at an average price of $200.00, for a total transaction of $10,000,000.00. Following the completion of the transaction, the chairman now directly owns 143,119 shares in the company, valued at approximately $28,623,800. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink.

Shares of Universal Display Co. (OLED) opened at $205.60 on Friday. The stock has a market cap of $9,670.00, a PE ratio of 98.37 and a beta of 1.07. Universal Display Co. has a 1 year low of $56.65 and a 1 year high of $208.20.

Universal Display (NASDAQ:OLED) last issued its quarterly earnings results on Thursday, November 2nd. The semiconductor company reported $0.28 earnings per share (EPS) for the quarter, topping the Thomson Reuters’ consensus estimate of $0.09 by $0.19. The business had revenue of $61.70 million for the quarter, compared to analysts’ expectations of $47.35 million. Universal Display had a net margin of 32.92% and a return on equity of 16.67%. The business’s quarterly revenue was up 104.3% on a year-over-year basis. During the same quarter in the prior year, the company earned ($0.03) earnings per share. research analysts anticipate that Universal Display Co. will post 2.33 earnings per share for the current fiscal year.

The company also recently announced a quarterly dividend, which was paid on Friday, December 29th. Investors of record on Friday, December 15th were issued a $0.03 dividend. The ex-dividend date was Thursday, December 14th. This represents a $0.12 annualized dividend and a yield of 0.06%. Universal Display’s dividend payout ratio (DPR) is 5.74%.

A number of research analysts have commented on the stock. Zacks Investment Research cut shares of Universal Display from a “buy” rating to a “hold” rating in a research report on Tuesday, November 14th. Evercore ISI assumed coverage on shares of Universal Display in a research report on Thursday, November 30th. They issued an “outperform” rating and a $225.00 target price on the stock. Cowen set a $140.00 target price on shares of Universal Display and gave the company a “buy” rating in a research report on Wednesday, October 11th. Needham & Company LLC reaffirmed a “hold” rating on shares of Universal Display in a research report on Friday, November 3rd. Finally, Deutsche Bank upped their target price on shares of Universal Display to $150.00 and gave the company a “buy” rating in a research report on Tuesday, October 31st. Nine investment analysts have rated the stock with a hold rating and six have issued a buy rating to the company’s stock. The stock currently has an average rating of “Hold” and an average price target of $161.50.

A number of large investors have recently modified their holdings of OLED. Mitra Capital LLC purchased a new position in Universal Display in the second quarter valued at approximately $109,000. BNP Paribas Arbitrage SA increased its stake in Universal Display by 79.4% in the second quarter. BNP Paribas Arbitrage SA now owns 1,536 shares of the semiconductor company’s stock valued at $168,000 after purchasing an additional 680 shares during the last quarter. CIBC Asset Management Inc purchased a new position in Universal Display in the third quarter valued at approximately $205,000. Comerica Bank purchased a new position in Universal Display in the third quarter valued at approximately $221,000. Finally, Ballentine Partners LLC purchased a new position in Universal Display in the third quarter valued at approximately $209,000. 64.87% of the stock is currently owned by hedge funds and other institutional investors.

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About Universal Display

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.

Insider Buying and Selling by Quarter for Universal Display (NASDAQ:OLED)

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