Other equities analysts have also recently issued research reports about 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 initiated coverage on shares of Universal Display in a research report on Thursday, November 30th. They set an outperform rating and a $225.00 price objective for the company. Needham & Company LLC reaffirmed a hold rating on shares of Universal Display in a research report on Friday, November 3rd. Deutsche Bank boosted their price target on shares of Universal Display to $150.00 and gave the company a buy rating in a research report on Tuesday, October 31st. Finally, Cross Research cut shares of Universal Display from a buy rating to a hold rating in a research report on Tuesday, October 31st. Three research analysts have rated the stock with a sell rating, six have issued a hold rating and six have given a buy rating to the company’s stock. The company currently has an average rating of Hold and a consensus price target of $167.09.
Shares of Universal Display (OLED) traded down $0.39 during trading on Tuesday, reaching $125.80. 663,246 shares of the company were exchanged, compared to its average volume of 1,910,000. The stock has a market cap of $5,920.00, a price-to-earnings ratio of 51.14 and a beta of 1.08. Universal Display has a 1 year low of $79.55 and a 1 year high of $209.00.
The company also recently disclosed a quarterly dividend, which will be paid on Friday, March 30th. Investors of record on Thursday, March 15th will be paid a dividend of $0.06 per share. This is an increase from Universal Display’s previous quarterly dividend of $0.03. The ex-dividend date is Wednesday, March 14th. This represents a $0.24 annualized dividend and a dividend yield of 0.19%. Universal Display’s dividend payout ratio is presently 4.88%.
In related news, Chairman Sherwin I. Seligsohn sold 50,000 shares of the company’s stock in a transaction that occurred on 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 owns 143,119 shares of the company’s stock, valued at $28,623,800. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website. Also, Director Richard C. Elias sold 2,250 shares of the company’s stock in a transaction that occurred on Wednesday, February 28th. The stock was sold at an average price of $129.60, for a total transaction of $291,600.00. The disclosure for this sale can be found here. Corporate insiders own 5.20% of the company’s stock.
Institutional investors have recently added to or reduced their stakes in the company. First Trust Advisors LP grew its holdings in Universal Display by 96.9% during the 4th quarter. First Trust Advisors LP now owns 335,440 shares of the semiconductor company’s stock valued at $57,914,000 after purchasing an additional 165,082 shares in the last quarter. Columbus Circle Investors grew its holdings in Universal Display by 24.1% during the 3rd quarter. Columbus Circle Investors now owns 843,537 shares of the semiconductor company’s stock valued at $108,690,000 after purchasing an additional 163,569 shares in the last quarter. Honeycomb Asset Management LP acquired a new stake in Universal Display during the 4th quarter valued at $24,171,000. UBS Asset Management Americas Inc. grew its holdings in Universal Display by 48.0% during the 4th quarter. UBS Asset Management Americas Inc. now owns 396,713 shares of the semiconductor company’s stock valued at $68,492,000 after purchasing an additional 128,667 shares in the last quarter. Finally, Neuberger Berman Group LLC grew its holdings in Universal Display by 17.8% during the 3rd quarter. Neuberger Berman Group LLC now owns 714,223 shares of the semiconductor company’s stock valued at $92,028,000 after purchasing an additional 107,751 shares in the last quarter. 63.24% of the stock is owned by institutional investors.
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Universal Display 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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