Director Lawrence Lacerte Sells 7,000 Shares of Universal Display Corp (OLED)
On February 27, 2024, Lawrence Lacerte, a director of Universal Display Corp (NASDAQ:OLED), sold 7,000 shares of the company. The transaction was filed with the SEC and can be found through this SEC Filing.
Universal Display Corp is a leader in the development and commercialization of organic light emitting diode (NASDAQ:OLED) technologies and materials for use in display and solid-state lighting applications. The company's proprietary technology is used in various devices, including smartphones, tablets, televisions, and lighting systems.
Over the past year, Lawrence Lacerte has sold a total of 22,000 shares of Universal Display Corp and has not made any purchases of the stock. The insider's recent sale of 7,000 shares is part of this overall selling trend.
The insider transaction history for Universal Display Corp shows that there have been no insider buys and 5 insider sells over the past year.
On the day of the insider's recent sale, shares of Universal Display Corp were trading at $171.32, giving the company a market cap of $8.261 billion.
The price-earnings ratio of Universal Display Corp stands at 41.14, which is above the industry median of 23.17 but below the company's historical median price-earnings ratio.
With a current price of $171.32 and a GuruFocus Value of $154.60, Universal Display Corp has a price-to-GF-Value ratio of 1.11, indicating that the stock is modestly overvalued based on its GF Value.
The GF Value is calculated considering historical trading multiples, a GuruFocus adjustment factor based on past returns and growth, and future business performance estimates from Morningstar analysts.
This article, generated by GuruFocus, is designed to provide general insights and is not tailored financial advice. Our commentary is rooted in historical data and analyst projections, utilizing an impartial methodology, and is not intended to serve as specific investment guidance. It does not formulate a recommendation to purchase or divest any stock and does not consider individual investment objectives or financial circumstances. Our objective is to deliver long-term, fundamental data-driven analysis. Be aware that our analysis might not incorporate the most recent, price-sensitive company announcements or qualitative information. GuruFocus holds no position in the stocks mentioned herein.
This article first appeared on GuruFocus.
