Universal Display Corp. (NASDAQ: OLED) is 10.55% higher on its value in year-to-date trading and has touched a low of $133.67 and a high of $237.00 in the current 52-week trading range. The question becomes, what are the chances the stock will continue to grow shareholders’ wealth in the market. Here’s what analysts think will happen to its price in the coming time. The OLED stock was last observed hovering at around $210.85 in the last trading session, with the day’s gains setting it 0.59%.
Currently trading at $211.44, the stock is 8.43% and 6.01% above its SMA20 and SMA50 respectively. However, with a daily trading volume of 2.93 million and changing 0.28% at the moment leaves the stock 15.26% off its SMA200. OLED registered 32.29% gain for a year compared to 6-month gain of 28.56%.
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The stock witnessed a 9.55% loss in the last 1 month and extending the period to 3 months gives it a 0.96%, and is 1.09% up over the last 5 days. If we measure the stock’s price variations over the week and the month, we find that the volatility rates stand at 3.39% over the week and 3.55% over the month.
Universal Display Corp. (OLED) has around 456 employees, a market worth around $10.03B and $623.16M in sales. Current P/E ratio is 45.40 and Fwd P/E is 37.38. Profit margin for the company is 35.60%. Distance from 52-week low is 58.18% and -10.78% from its 52-week high. The company has generated returns on investments over the last 12 months (14.33%).
The EPS is expected to grow by 13.62% this year.
Universal Display Corp. (OLED) Top Institutional Holders
621.0 institutions hold shares in Universal Display Corp. (OLED), with institutional investors hold 87.82% of the company’s shares. The shares outstanding are 47.37M, and float is at 43.77M with Short Float at 2.49%. Institutions hold 80.99% of the Float.
The top institutional shareholder in the company is VANGUARD GROUP INC with over 4.63 million shares valued at $973.67 million. The investor’s holdings represent 9.7376% of the OLED Shares outstanding. As of 2024-06-30, the second largest holder is BLACKROCK INC. with 4.14 million shares valued at $869.78 million to account for 8.6987 of the shares outstanding. The other top investors are FMR LLC which holds 2.14 million shares representing 4.4977% and valued at over $449.73 million, while PRIMECAP MANAGEMENT CO/CA/ holds 3.9846 of the shares totaling 1.9 million with a market value of $398.43 million.
Universal Display Corp. (OLED) Insider Activity
The most recent transaction is an insider sale by ELIAS RICHARD C, the company’s Director. SEC filings show that ELIAS RICHARD C sold 5,064 shares of the company’s common stock on Aug 29 ’24 at a price of $192.60 per share for a total of $0.98 million. Following the sale, the insider now owns 4439.0 shares.
Universal Display Corp. disclosed in a document filed with the SEC on Aug 28 ’24 that LACERTE LAWRENCE (Director) bought a total of 1,000 shares of the company’s common stock. The trade occurred on Aug 28 ’24 and was made at $187.99 per share for $0.19 million. Following the transaction, the insider now directly holds 0.12 million shares of the OLED stock.
Still, SEC filings show that on Aug 29 ’24, ELIAS RICHARD C (Director) Proposed Sale 5,064 shares at an average price of $192.60 for $0.98 million. The insider now directly holds shares of Universal Display Corp. (OLED).
