Universal Display Corp \pa\ (OLED) Files Form 4 Insider Selling : Julia J Brown Sells 25,000 Shares

Universal Display Corp \pa\ (OLED): Julia J Brown , Chief Technical Officer of Universal Display Corp \pa\ sold 25,000 shares on Apr 11, 2016. The Insider selling transaction was disclosed on Apr 12, 2016 to the Securities and Exchange Commission. The shares were sold at $55.00 per share for a total value of $1,375,000.00.

Company has been under the radar of several Street Analysts.Universal Display Corporation is Reiterated by Needham to Buy while Lowering the Price Target of the company shares to $ 57 from a previous price target of $62 . The Rating was issued on Feb 26, 2016.

Currently the company Insiders own 6% of Universal Display Corporation shares according to the proxy statements.In the past twelve weeks, the net percent change held by company insiders has changed by -6.54%.Institutional Investors own 61.67% of Universal Display Corporation shares.During last six month period, the net percent change held by insiders has seen a change of -5.41%.

Shares of Universal Display Corporation (OLED) ended Monday, Apr 11, 2016 session in red amid volatile trading. The shares closed down -0.45 points or -0.83% at $53.97 with 4,16,337 shares getting traded. Post opening the session at $54.52, the shares hit an intraday low of $53.8255 and an intraday high of $55.3899 and the price vacillated in this range throughout the day. The company has a market cap of $2,527 M and the number of outstanding shares has been calculated to be 4,68,24,158 shares. The 52-week high of Universal Display Corporation is $57.93 and the 52-week low is $32.47.

Universal Display Corporation Money Flow Index Chart

Universal Display Corporation is engaged in the research development and commercialization of organic light emitting diode (OLED) technologies and materials for use in displays for wearables smartphones tablets and televisions as well as solid-state lighting applications. The Company’s flat panel displays are used for a variety of portable consumer electronics products such as cell phones portable media devices digital cameras tablets and laptop computers. The Company also supplies its OLED materials to manufacturers of OLED displays and lighting products for evaluation and for use in product development and for pre-commercial activities and it provides technical assistance and support to these manufacturers. Its customers include LG Display Tohoku Pioneer and Konica Minolta among others.

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