Universal Display announced that its board of directors has approved a program to repurchase up to $50 million of the company’s outstanding shares of common stock from time to time over the next 12 months. Universal Display expects to enter into a trading plan established under Rule 10b5-1 under the Securities Exchange Act of 1934 to facilitate repurchases under the program. The amount and timing of repurchases will depend on a number of factors, including the price, availability of shares o...