Brokerages Set Universal Display Co. (NASDAQ:OLED) Price Target at $210.71

Universal Display Co. (NASDAQ:OLED) has been assigned a consensus recommendation of “Moderate Buy” from the seven ratings firms that are currently covering the firm, MarketBeat Ratings reports. Two equities research analysts have rated the stock with a hold recommendation and five have issued a buy recommendation on the company. The average twelve-month price target among brokers that have issued ratings on the stock in the last year is $210.71.

A number of brokerages have recently commented on OLED. Needham & Company LLC lowered 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. TD Cowen reduced their price objective on shares of Universal Display from $250.00 to $225.00 and set a “buy” rating for the company in a research note on Thursday, October 31st. Finally, Oppenheimer dropped their target price on shares of Universal Display from $240.00 to $220.00 and set an “outperform” rating on the stock in a report on Thursday, October 31st.

Universal Display Trading Up 1.3 %

NASDAQ OLED opened at $153.46 on Thursday. Universal Display has a 1-year low of $148.09 and a 1-year high of $237.00. The firm’s fifty day simple moving average is $172.69 and its 200-day simple moving average is $192.76. The company has a market capitalization of $7.28 billion, a PE ratio of 30.82, a price-to-earnings-growth ratio of 1.74 and a beta of 1.40.

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

Universal Display Dividend Announcement

The business also recently declared a quarterly dividend, which will be paid on Tuesday, December 31st. Investors of record on Tuesday, December 17th will be paid a $0.40 dividend. This represents a $1.60 annualized dividend and a yield of 1.04%. The ex-dividend date of this dividend is Tuesday, December 17th. Universal Display’s dividend payout ratio is 32.13%.

Insider Buying and Selling at Universal Display

In other Universal Display news, Director Lawrence Lacerte bought 742 shares of the firm’s stock in a transaction dated Monday, November 4th. The shares were bought at an average price of $180.89 per share, for a total transaction of $134,220.38. Following the completion of the acquisition, the director now owns 122,372 shares of the company’s stock, valued at approximately $22,135,871.08. This trade represents a 0.61 % increase in their ownership of the stock. The purchase was disclosed in a legal filing with the SEC, which is available through this hyperlink. Company insiders own 1.90% of the company’s stock.

Institutional Inflows and Outflows

A number of hedge funds have recently bought and sold shares of the company. Glenmede Trust Co. NA lifted its position in Universal Display by 1.6% during the 3rd quarter. Glenmede Trust Co. NA now owns 6,046 shares of the semiconductor company’s stock valued at $1,269,000 after purchasing an additional 97 shares during the period. BNP Paribas Financial Markets boosted its stake in Universal Display by 8.8% during the 3rd quarter. BNP Paribas Financial Markets now owns 52,713 shares of the semiconductor company’s stock worth $11,064,000 after acquiring an additional 4,269 shares during the last quarter. Montanaro Asset Management Ltd increased its stake in Universal Display by 217.4% in the third quarter. Montanaro Asset Management Ltd now owns 63,260 shares of the semiconductor company’s stock valued at $13,278,000 after purchasing an additional 43,330 shares in the last quarter. Cerity Partners LLC boosted its position in shares of Universal Display by 385.2% during the third quarter. Cerity Partners LLC now owns 8,588 shares of the semiconductor company’s stock worth $1,803,000 after purchasing an additional 6,818 shares in the last quarter. Finally, ProShare Advisors LLC raised its stake in Universal Display by 117.2% during the 2nd quarter. ProShare Advisors LLC now owns 18,762 shares of the semiconductor company’s stock worth $3,945,000 after buying an additional 10,122 shares during the period. 78.19% of the stock is currently owned by institutional investors.

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.