Universal Display (NASDAQ:OLED) Receiving Somewhat Favorable News Coverage, Report Finds
News headlines about Universal Display (NASDAQ:OLED) have trended somewhat positive recently, according to Accern Sentiment Analysis. Accern scores the sentiment of press coverage by analyzing more than twenty million news and blog sources in real-time. Accern ranks coverage of public companies on a scale of negative one to one, with scores nearest to one being the most favorable. Universal Display earned a media sentiment score of 0.09 on Accern’s scale. Accern also gave news stories about the semiconductor company an impact score of 46.8056836370411 out of 100, indicating that recent press coverage is somewhat unlikely to have an impact on the company’s share price in the immediate future.
These are some of the media headlines that may have effected Accern’s analysis:
- Will This Display Technology Become the New Gold Standard In … – Madison.com (host.madison.com)
- Will This Display Technology Become the New Gold Standard In 2018? (finance.yahoo.com)
- Universal Display (OLED) Downgraded by BidaskClub to Sell (americanbankingnews.com)
- Universal Display (OLED) Downgraded by Zacks Investment Research (americanbankingnews.com)
- Financial Comparison: Universal Display (OLED) and Entropic Communications (ENTR) (americanbankingnews.com)
A number of analysts recently issued reports on OLED shares. BidaskClub downgraded Universal Display from a “buy” rating to a “hold” rating in a research report on Wednesday, December 6th. Needham & Company LLC reaffirmed a “hold” rating on shares of Universal Display in a report on Friday, November 3rd. Susquehanna Bancshares lifted their target price on Universal Display from $195.00 to $215.00 and gave the stock a “positive” rating in a report on Friday, January 5th. Deutsche Bank lifted their target price on Universal Display to $150.00 and gave the stock a “buy” rating in a report on Tuesday, October 31st. Finally, Cowen reaffirmed an “outperform” rating and set a $195.00 target price (up previously from $155.00) on shares of Universal Display in a report on Friday, November 10th. One research analyst has rated the stock with a sell rating, eight have issued a hold rating and six have issued a buy rating to the company’s stock. The company presently has a consensus rating of “Hold” and an average target price of $164.80.
Universal Display (NASDAQ:OLED) last announced its quarterly earnings results on Thursday, November 2nd. The semiconductor company reported $0.28 earnings per share (EPS) for the quarter, beating the Zacks’ consensus estimate of $0.09 by $0.19. Universal Display had a return on equity of 16.67% and a net margin of 32.92%. The company had revenue of $61.70 million during the quarter, compared to the consensus estimate of $47.35 million. During the same period in the previous year, the company posted ($0.03) earnings per share. Universal Display’s revenue for the quarter was up 104.3% on a year-over-year basis. equities analysts expect that Universal Display will post 2.33 EPS for the current fiscal year.
In other news, Director Rosemarie B. Greco sold 1,250 shares of the company’s stock in a transaction that occurred on Thursday, November 9th. The stock was sold at an average price of $168.63, for a total transaction of $210,787.50. Following the completion of the transaction, the director now directly owns 12,800 shares of the company’s stock, valued at $2,158,464. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, insider Julia J. Brown sold 10,000 shares of the company’s stock in a transaction that occurred on Friday, November 3rd. The shares were sold at an average price of $150.00, for a total value of $1,500,000.00. Following the transaction, the insider now directly owns 152,932 shares of the company’s stock, valued at $22,939,800. The disclosure for this sale can be found here. Insiders have sold 196,734 shares of company stock worth $33,349,769 in the last 90 days. 5.20% of the stock is currently owned by insiders.
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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