Is that what Sustainable Earning stands for?: Universal Display Corporation (OLED)

A share price of Universal Display Corporation [OLED] is currently trading at $116.37, down -0.33%. One of the good ways to gauge the recent performance is if the stock’s short-term value is rising or falling. The OLED shares have gain 3.45% over the last week, with a monthly amount glided 7.25%, and seem to be holding up well over a long-time horizon.

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On 12, December 2022, International Conference on Display Technology (ICDT) Awards Universal Display Corporation with Excellent Paper Honor. In a post published today on Yahoo Finance, Universal Display Corporation (Nasdaq: OLED), enabling energy-efficient displays and lighting with its UniversalPHOLED® technology and materials, announced today that the technical committee of the International Conference on Display Technology (ICDT) selected Universal Display Corporation’s paper on “Highly Efficient Near-Infrared Phosphorescent OLEDs” as the winner of the Excellent Paper Award of ICDT 2022. The award was presented to UDC on December 8th during the virtual 2022 SID Display Week New Technology Review Workshop.

From an analyst’s perspective:

Universal Display Corporation [NASDAQ: OLED] stock has seen the most recent analyst activity on June 29, 2022, when BofA Securities downgraded its rating to a Neutral and also revised its price target to $135 from $190. Previously, BofA Securities started tracking the stock with Buy rating on October 18, 2021, and set its price target to $230. On May 19, 2021, upgrade upgraded it’s rating to Buy and revised its price target to $253 on the stock. ROTH Capital upgraded its rating to a Buy and increased its price target to $250 on March 08, 2021. Cowen reiterated its recommendation of a Outperform and raised its price target to $225 on October 30, 2020. Needham upgraded its rating to Buy for this stock on August 07, 2020. In a note dated July 27, 2020, Oppenheimer upgraded an Outperform rating on this stock but restated the target price of $210.

Universal Display Corporation experienced fluctuations in its stock price throughout the past year between $89.41 and $178.75. Currently, Wall Street analysts expect the stock to reach $134.40 within the next 12 months. Universal Display Corporation [NASDAQ: OLED] shares were valued at $116.37 at the most recent close of the market. An investor can expect a potential return of 15.49% based on the average OLED price forecast.

Analyzing the OLED fundamentals

During the last quarter, Universal Display Corporation [NASDAQ:OLED] saw sales of 160.56 billion, an improvement of 11.80%. Gross Margin for this corporation currently stands at +75.13% with Operating Margin at +41.13%, Pretax Margin comes in at +41.24%, and Net Margin reading is +33.07%.

Before buying any particular stock, readers tend to pay close attention to the indicators that support and create resistance. The company’s stock is currently sitting at 114.40 points at the first support level, and at 112.42 for the second support level. However, for the 1st resistance point, the stock is sitting at 118.13, and for the 2nd resistance point, it is at 119.88.

Universal Display Corporation [OLED] reported earnings per share of $0.87 for its fiscal quarter that ended on 6/29/2022. Based on the Wall Street analysts’ estimates, the company was expected to report earnings of $1.03/share, meaning a difference of -$0.16 and a surprise factor of -15.50%. By comparison, the stated earnings for the previous quarter ended on 3/30/2022 were $1.05 per share as compared to estimates of $0.98 per share, a difference of $0.07 representing a surprise of 7.10%.

Ratios To Look Out For

A current ratio of 7.10 is a noteworthy aspect of Universal Display Corporation [NASDAQ:OLED]. Also, the Quick Ratio is 4.21, while the Cash Ratio stands at 3.53. Considering the valuation of this stock, the price to sales ratio is 14.12, the price to book ratio is 7.16 and the P/E (TTM) ratio is 29.11.

Transactions by insiders

We now turn our attention to insider trading, which in the past 3 months has resulted in 7 insider buyings of 10,497 shares and 3 insider sellings of 33,628 shares. Recent insider trading involved Comparin Cynthia Jane, Director, that happened on Nov 14 when 3628.0 shares were sold. Director, LACERTE LAWRENCE completed a deal on Nov 14 to sell 30000.0 shares. Meanwhile, EVP and CFO ROSENBLATT SIDNEY D sold 50000.0 shares on Sep 01.