Universal Display Co. (NASDAQ:OLED) Receives $230.00 Consensus Target Price from Analysts

Universal Display Co. (NASDAQ:OLED) has received an average recommendation of “Buy” from the twelve analysts that are currently covering the firm, MarketBeat.com reports. Two investment analysts have rated the stock with a sell recommendation, one has given a hold recommendation and eight have assigned a buy recommendation to the company. The average 1 year price target among brokerages that have covered the stock in the last year is $230.00.

Several equities analysts have commented on OLED shares. Cowen lowered their price objective on shares of Universal Display from $285.00 to $225.00 and set an “outperform” rating for the company in a research report on Friday, November 5th. Roth Capital lowered their target price on shares of Universal Display from $258.00 to $238.00 and set a “buy” rating for the company in a report on Friday, November 5th. TheStreet lowered shares of Universal Display from a “b-” rating to a “c+” rating in a report on Monday, December 13th. Needham & Company LLC lowered their target price on shares of Universal Display from $275.00 to $245.00 and set a “buy” rating for the company in a report on Friday, November 5th. Finally, Deutsche Bank Aktiengesellschaft lowered their target price on shares of Universal Display from $270.00 to $240.00 and set a “buy” rating for the company in a report on Friday, November 5th.

A number of large investors have recently added to or reduced their stakes in OLED. Berman Capital Advisors LLC lifted its stake in Universal Display by 242.9% during the 2nd quarter. Berman Capital Advisors LLC now owns 120 shares of the semiconductor company’s stock valued at $26,000 after acquiring an additional 85 shares during the period. Northwestern Mutual Wealth Management Co. lifted its stake in Universal Display by 1,966.7% during the 2nd quarter. Northwestern Mutual Wealth Management Co. now owns 124 shares of the semiconductor company’s stock valued at $27,000 after acquiring an additional 118 shares during the period. Strategic Blueprint LLC acquired a new stake in Universal Display during the 2nd quarter valued at approximately $36,000. First Quadrant L P CA acquired a new stake in Universal Display during the 3rd quarter valued at approximately $36,000. Finally, O Shaughnessy Asset Management LLC lifted its stake in Universal Display by 160.7% during the 2nd quarter. O Shaughnessy Asset Management LLC now owns 232 shares of the semiconductor company’s stock valued at $52,000 after acquiring an additional 143 shares during the period. 69.90% of the stock is currently owned by institutional investors.

OLED stock traded up $6.47 during trading on Friday, hitting $164.29. 384,905 shares of the company’s stock traded hands, compared to its average volume of 453,553. Universal Display has a 52 week low of $139.83 and a 52 week high of $262.77. The business has a fifty day simple moving average of $158.86 and a 200 day simple moving average of $185.37. The stock has a market capitalization of $7.74 billion, a price-to-earnings ratio of 39.51, a P/E/G ratio of 1.03 and a beta of 1.39.

Universal Display (NASDAQ:OLED) last released its quarterly earnings data on Thursday, November 4th. The semiconductor company reported $0.97 EPS for the quarter, missing the Thomson Reuters’ consensus estimate of $1.09 by ($0.12). Universal Display had a net margin of 35.03% and a return on equity of 19.75%. The business had revenue of $143.62 million for the quarter, compared to the consensus estimate of $145.26 million. During the same quarter last year, the business earned $0.85 EPS. Universal Display’s revenue for the quarter was up 22.7% compared to the same quarter last year. As a group, analysts expect that Universal Display will post 3.82 earnings per share for the current year.

The business also recently announced a quarterly dividend, which was paid on Thursday, December 30th. Shareholders of record on Thursday, December 16th were given a dividend of $0.20 per share. This represents a $0.80 annualized dividend and a yield of 0.49%. The ex-dividend date of this dividend was Wednesday, December 15th. Universal Display’s dividend payout ratio is presently 19.85%.

About Universal Display

Universal Display Corp. engages in research, development, and commercialization of organic light emitting diode (OLED) technologies, and materials. It also develops and licenses proprietary OLED technologies to manufacturers of products for display applications, such as cell phones; portable media devices; tablets; laptop computers and televisions; and specialty and general lighting products.

See Also: Compound Interest and Why It Matters When Investing

Analyst Recommendations for Universal Display (NASDAQ:OLED)

Receive News & Ratings for Universal Display Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Universal Display and related companies with MarketBeat.com's FREE daily email newsletter.