Universal Display (NASDAQ:OLED) is scheduled to post its quarterly earnings results after the market closes on Thursday, February 22nd. Analysts expect Universal Display to post earnings of $0.84 per share for the quarter.
Universal Display (OLED) opened at $161.10 on Wednesday. The company has a market cap of $7,580.00, a price-to-earnings ratio of 77.08 and a beta of 0.90. Universal Display has a twelve month low of $66.65 and a twelve month high of $209.00.
In related news, Chairman Sherwin I. Seligsohn sold 50,000 shares of the stock in a transaction 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 transaction, the chairman now owns 143,119 shares of the company’s stock, valued at approximately $28,623,800. The transaction was disclosed in a legal filing with the SEC, which is available through the SEC website. 5.20% of the stock is currently owned by company insiders.
A number of equities analysts have recently commented on the stock. Needham & Company LLC raised shares of Universal Display from a “hold” rating to a “buy” rating and set a $180.00 price target on the stock in a report on Tuesday. They noted that the move was a valuation call. Cowen set a $225.00 price target on shares of Universal Display and gave the stock a “buy” rating in a report on Tuesday. BidaskClub lowered shares of Universal Display from a “buy” rating to a “hold” rating in a report on Wednesday, December 6th. Susquehanna Bancshares increased their price target on shares of Universal Display from $195.00 to $215.00 and gave the stock a “positive” rating in a report on Friday, January 5th. Finally, Deutsche Bank increased their price target on shares of Universal Display to $150.00 and gave the stock a “buy” rating in a report on Tuesday, October 31st. One investment analyst has rated the stock with a sell rating, seven have assigned a hold rating and six have assigned a buy rating to the stock. The company has an average rating of “Hold” and a consensus price target of $168.91.
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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.
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