Universal Display (OLED) Given Media Sentiment Score of 0.11

Media coverage about Universal Display (NASDAQ:OLED) has been trending somewhat positive this week, Accern Sentiment reports. The research group ranks the sentiment of news coverage by monitoring more than twenty million blog and news sources in real-time. 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 0.11 on Accern’s scale. Accern also assigned news stories about the semiconductor company an impact score of 45.4104392749517 out of 100, indicating that recent news coverage is somewhat unlikely to have an effect on the company’s share price in the next several days.

Here are some of the news stories that may have effected Accern’s rankings:

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OLED opened at $98.20 on Wednesday. Universal Display has a 52-week low of $80.98 and a 52-week high of $209.00. The stock has a market cap of $4,683.24, a PE ratio of 40.41 and a beta of 1.32.

Universal Display (NASDAQ:OLED) last posted its quarterly earnings data on Thursday, February 22nd. The semiconductor company reported $0.93 earnings per share (EPS) for the quarter, beating the Thomson Reuters’ consensus estimate of $0.82 by $0.11. Universal Display had a net margin of 30.95% and a return on equity of 18.80%. The firm had revenue of $115.87 million for the quarter, compared to the consensus estimate of $99.55 million. During the same quarter in the prior year, the company posted $0.55 earnings per share. The company’s revenue for the quarter was up 55.3% compared to the same quarter last year. sell-side analysts forecast that Universal Display will post 2.65 EPS for the current year.

The business also recently disclosed a quarterly dividend, which was paid on Friday, March 30th. Stockholders of record on Thursday, March 15th were issued a dividend of $0.06 per share. The ex-dividend date of this dividend was Wednesday, March 14th. This represents a $0.24 annualized dividend and a dividend yield of 0.24%. This is an increase from Universal Display’s previous quarterly dividend of $0.03. Universal Display’s dividend payout ratio is 9.88%.

A number of brokerages have commented on OLED. BidaskClub downgraded shares of Universal Display from a “sell” rating to a “strong sell” rating in a report on Thursday, March 15th. ValuEngine downgraded shares of Universal Display from a “hold” rating to a “sell” rating in a report on Monday, March 19th. Deutsche Bank reduced their target price on shares of Universal Display from $190.00 to $170.00 and set a “buy” rating for the company in a report on Friday, February 23rd. Zacks Investment Research upgraded shares of Universal Display from a “hold” rating to a “buy” rating and set a $195.00 target price for the company in a report on Thursday, January 4th. Finally, Goldman Sachs set a $190.00 target price on shares of Universal Display and gave the stock a “buy” rating in a report on Tuesday, March 20th. Three research analysts have rated the stock with a sell rating, four have assigned a hold rating and eight have issued a buy rating to the company. The company has an average rating of “Hold” and a consensus price target of $165.58.

In other news, Director Elizabeth H. Gemmill sold 2,500 shares of the company’s stock in a transaction dated Thursday, March 15th. The shares were sold at an average price of $124.07, for a total transaction of $310,175.00. The transaction was disclosed in a filing with the SEC, 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 shares were sold at an average price of $129.60, for a total value of $291,600.00. The disclosure for this sale can be found here. Corporate insiders own 5.20% of the company’s stock.

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About Universal Display

Universal Display Corporation engages in the research, development, and commercialization of organic light emitting diode (OLED) technologies and materials for use in flat panel displays and solid-state lighting applications. As of February 22, 2018, it owned or had exclusive and co-exclusive licenses, or had sole license rights with respect to approximately 4,500 issued and pending patents worldwide.

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