Universal Display Co. (NASDAQ:OLED) Receives $215.63 Average PT from Analysts

Universal Display Co. (NASDAQ:OLED) has earned a consensus recommendation of “Moderate Buy” from the eight research firms that are presently covering the stock, Marketbeat Ratings reports. Two research analysts have rated the stock with a hold recommendation and six have assigned a buy recommendation to the company. The average 1 year price objective among brokerages that have updated their coverage on the stock in the last year is $215.63.

A number of research firms recently commented on OLED. Oppenheimer lowered their price target on Universal Display from $240.00 to $220.00 and set an “outperform” rating on the stock in a report on Thursday, October 31st. TD Cowen decreased their price objective on Universal Display from $250.00 to $225.00 and set a “buy” rating on the stock in a report on Thursday, October 31st. Needham & Company LLC decreased their price objective on Universal Display from $242.00 to $215.00 and set a “buy” rating on the stock in a report on Thursday, October 31st. Susquehanna upped their price objective on Universal Display from $170.00 to $175.00 and gave the stock a “neutral” rating in a report on Friday, August 2nd. Finally, Roth Mkm upped their price objective on Universal Display from $189.00 to $217.00 and gave the stock a “buy” rating in a report on Friday, August 2nd.

Universal Display Trading Down 0.4 %

NASDAQ OLED opened at $161.17 on Friday. The stock’s 50 day moving average is $192.90 and its 200 day moving average is $195.44. Universal Display has a 12 month low of $148.75 and a 12 month high of $237.00. The stock has a market cap of $7.65 billion, a PE ratio of 32.36, a P/E/G ratio of 1.81 and a beta of 1.43.

Universal Display (NASDAQ:OLED) last posted its quarterly earnings results on Wednesday, October 30th. The semiconductor company reported $1.40 EPS for the quarter, topping analysts’ consensus estimates of $1.19 by $0.21. Universal Display had a return on equity of 15.75% and a net margin of 36.98%. The company had revenue of $161.63 million for the quarter, compared to analysts’ expectations of $165.28 million. During the same period in the previous year, the firm earned $1.08 EPS. The firm’s revenue was up 14.6% compared to the same quarter last year. On average, analysts forecast that Universal Display will post 4.8 EPS for the current fiscal year.

Universal Display Dividend Announcement

The business also recently announced a quarterly dividend, which will be paid on Tuesday, December 31st. Stockholders of record on Tuesday, December 17th will be given a dividend of $0.40 per share. This represents a $1.60 annualized dividend and a dividend yield of 0.99%. The ex-dividend date is Tuesday, December 17th. Universal Display’s dividend payout ratio is currently 32.13%.

Insider Activity

In related news, Director Lawrence Lacerte bought 742 shares of the business’s stock in a transaction dated Monday, November 4th. The shares were purchased at an average price of $180.89 per share, with a total value of $134,220.38. Following the transaction, the director now owns 122,372 shares in the company, valued at $22,135,871.08. This trade represents a 0.61 % increase in their position. The acquisition was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. Corporate insiders own 1.90% of the company’s stock.

Hedge Funds Weigh In On Universal Display

Several large investors have recently modified their holdings of OLED. Assetmark Inc. bought a new position in shares of Universal Display during the 3rd quarter valued at approximately $29,000. Brooklyn Investment Group bought a new position in Universal Display in the 3rd quarter valued at $30,000. V Square Quantitative Management LLC bought a new position in Universal Display in the 3rd quarter valued at $31,000. Nisa Investment Advisors LLC grew its position in Universal Display by 60.2% in the 3rd quarter. Nisa Investment Advisors LLC now owns 173 shares of the semiconductor company’s stock valued at $36,000 after acquiring an additional 65 shares during the last quarter. Finally, True Wealth Design LLC bought a new position in Universal Display in the 3rd quarter valued at $36,000. Institutional investors own 78.19% of the company’s stock.

Universal Display Company Profile

Universal Display Corporation engages in the research, development, and commercialization of organic light emitting diode (OLED) technologies and materials for use in display and solid-state lighting applications in the United States and internationally. The company offers PHOLED technologies and materials for displays and lighting products under the UniversalPHOLED brand.