Universal Display Corp (NASDAQ: OLED) is -12.65% lower on its value in year-to-date trading and has touched a low of $148.75 and a high of $237.00 in the current 52-week trading range. The question becomes, what are the chances the stock will make a comeback and enjoy potential growth. Why not look at analysts view on what the future holds for the stock. The OLED stock was last observed hovering at around $165.90 in the last trading session, with the day’s gains setting it 1.16%.
Currently trading at $167.06, the stock is -7.24% and -14.82% below its SMA20 and SMA50 respectively. However, with a daily trading volume of 0.8 million and changing 0.70% at the moment leaves the stock -10.57% off its SMA200. OLED registered 2.24% gain for a year compared to 6-month gain of -4.19%. The firm has a 50-day simple moving average (SMA 50) of $196.8538 and a 200-day simple moving average (SMA200) of $186.85976.
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The stock witnessed a -16.82% loss in the last 1 month and extending the period to 3 months gives it a -13.94%, and is 0.35% 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 2.26% over the week and 3.40% over the month.
Universal Display Corp (OLED) has around 456 employees, a market worth around $7.93B and $643.71M in sales. Current P/E ratio is 33.54 and Fwd P/E is 30.83. Profit margin for the company is 36.87%. Distance from 52-week low is 12.31% and -29.51% from its 52-week high. The company has generated returns on investments over the last 12 months (14.77%).
The EPS is expected to grow by 12.94% this year
646.0 institutions hold shares in Universal Display Corp (OLED), with institutional investors hold 94.05% of the company’s shares. The shares outstanding are 47.37M, and float is at 43.82M with Short Float at 3.89%. Institutions hold 86.74% 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 purchase by LACERTE LAWRENCE, the company’s Director. SEC filings show that LACERTE LAWRENCE bought 742 shares of the company’s common stock on Nov 04 ’24 at a price of $180.89 per share for a total of $0.13 million. Following the purchase, the insider now owns 0.12 million shares.
Universal Display Corp disclosed in a document filed with the SEC on Aug 29 ’24 that ELIAS RICHARD C (Director) sold a total of 5,064 shares of the company’s common stock. The trade occurred on Aug 29 ’24 and was made at $192.60 per share for $0.98 million. Following the transaction, the insider now directly holds 4439.0 shares of the OLED stock.
Still, SEC filings show that on Aug 28 ’24, LACERTE LAWRENCE (Director) acquired 1,000 shares at an average price of $187.99 for $0.19 million. The insider now directly holds 121,316 shares of Universal Display Corp (OLED).
