Universal Display (OLED) Given Coverage Optimism Rating of 0.10

News stories about Universal Display (NASDAQ:OLED) have trended somewhat positive on Thursday, according to Accern Sentiment. The research firm ranks the sentiment of media coverage by analyzing more than twenty million blog and news sources. Accern ranks coverage of public companies on a scale of negative one to positive one, with scores closest to one being the most favorable. Universal Display earned a coverage optimism score of 0.10 on Accern’s scale. Accern also assigned news coverage about the semiconductor company an impact score of 45.8221706681989 out of 100, meaning that recent media coverage is somewhat unlikely to have an impact on the company’s share price in the next several days.

These are some of the media stories that may have impacted Accern Sentiment Analysis’s scoring:

Universal Display (NASDAQ:OLED) traded up $13.05 during trading hours on Thursday, hitting $159.15. 3,744,500 shares of the stock traded hands, compared to its average volume of 1,631,063. The company has a market cap of $7,510.00, a price-to-earnings ratio of 77.31 and a beta of 0.90. Universal Display has a 12 month low of $66.65 and a 12 month high of $209.00.

OLED has been the topic of a number of recent research reports. Deutsche Bank raised their price target on shares of Universal Display to $150.00 and gave the stock a “buy” rating in a research report on Tuesday, October 31st. Zacks Investment Research upgraded shares of Universal Display from a “hold” rating to a “buy” rating and set a $198.00 price objective on the stock in a research note on Wednesday, November 15th. Cowen set a $150.00 price target on shares of Universal Display and gave the company a “buy” rating in a research note on Wednesday, November 1st. Cross Research downgraded shares of Universal Display from a “buy” rating to a “hold” rating in a research note on Tuesday, October 31st. Finally, Needham & Company LLC restated a “hold” rating on shares of Universal Display in a research note on Friday, November 3rd. One equities research analyst has rated the stock with a sell rating, eight have assigned a hold rating and five have given a buy rating to the stock. Universal Display currently has an average rating of “Hold” and an average price target of $164.80.

In other Universal Display news, Chairman Sherwin I. Seligsohn sold 50,000 shares of the business’s 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 completion of the sale, the chairman now owns 143,119 shares in the company, valued at approximately $28,623,800. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website. Insiders own 5.20% of the company’s stock.

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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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