Universal Display Co. (OLED) Announces Quarterly Dividend of $0.10

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Universal Display Co. (NASDAQ:OLED) announced a quarterly dividend on Friday, May 3rd, Wall Street Journal reports. Investors of record on Friday, June 14th will be given a dividend of 0.10 per share by the semiconductor company on Friday, June 28th. This represents a $0.40 dividend on an annualized basis and a yield of 0.23%. The ex-dividend date of this dividend is Thursday, June 13th.

OLED traded up $13.73 during trading on Friday, reaching $170.33. 5,598,417 shares of the stock traded hands, compared to its average volume of 850,377. The stock has a market cap of $7.39 billion, a price-to-earnings ratio of 137.36, a PEG ratio of 2.62 and a beta of 1.41. Universal Display has a fifty-two week low of $78.75 and a fifty-two week high of $190.00.

Universal Display (NASDAQ:OLED) last posted its earnings results on Thursday, May 2nd. The semiconductor company reported $0.66 earnings per share for the quarter, beating the Thomson Reuters’ consensus estimate of $0.31 by $0.35. Universal Display had a return on equity of 8.85% and a net margin of 23.78%. The company had revenue of $87.80 million for the quarter, compared to analyst estimates of $64.59 million. During the same period last year, the company earned $0.13 earnings per share. The business’s revenue was up 101.4% compared to the same quarter last year. As a group, research analysts forecast that Universal Display will post 2.03 earnings per share for the current year.

OLED has been the topic of several recent research reports. BidaskClub upgraded Universal Display from a “buy” rating to a “strong-buy” rating in a report on Saturday, February 9th. Oppenheimer cut their target price on Universal Display from $120.00 to $115.00 and set an “outperform” rating on the stock in a report on Wednesday, January 23rd. ValuEngine upgraded Universal Display from a “buy” rating to a “strong-buy” rating in a report on Tuesday, March 5th. Roth Capital raised their target price on Universal Display from $128.00 to $172.00 and gave the company a “buy” rating in a report on Tuesday, February 26th. Finally, UBS Group restated an “outperform” rating and set a $140.00 target price on shares of Universal Display in a report on Friday, February 22nd. Three research analysts have rated the stock with a hold rating, eight have issued a buy rating and two have given a strong buy rating to the company. The stock presently has an average rating of “Buy” and a consensus price target of $157.09.

In related news, Director Richard C. Elias sold 1,250 shares of the business’s stock in a transaction dated Tuesday, March 5th. The stock was sold at an average price of $153.38, for a total transaction of $191,725.00. Following the transaction, the director now directly owns 1,250 shares in the company, valued at $191,725. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, insider Julia J. Brown sold 17,539 shares of the business’s stock in a transaction dated Friday, March 15th. The shares were sold at an average price of $160.00, for a total value of $2,806,240.00. Following the transaction, the insider now owns 125,657 shares in the company, valued at $20,105,120. The disclosure for this sale can be found here. Insiders sold 25,039 shares of company stock worth $3,907,465 over the last quarter. 4.00% of the stock is currently owned by corporate insiders.

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Universal Display Company Profile

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 21, 2019, it owned or had exclusive and co-exclusive licenses, or had sole license rights with respect to approximately 5,000 issued and pending patents worldwide.

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Dividend History for Universal Display (NASDAQ:OLED)

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