Universal Display (NASDAQ:OLED) Reaches New 12-Month Low – What’s Next?

Universal Display Co. (NASDAQ:OLED)’s stock price reached a new 52-week low during trading on Monday . The stock traded as low as $104.90 and last traded at $105.81, with a volume of 80088 shares trading hands. The stock had previously closed at $113.42.

Analyst Upgrades and Downgrades

A number of analysts have weighed in on the company. StockNews.com upgraded Universal Display from a “sell” rating to a “hold” rating in a research note on Friday, March 21st. Oppenheimer decreased their target price on Universal Display from $220.00 to $200.00 and set an “outperform” rating for the company in a research note on Thursday, January 2nd. Citigroup reduced their price objective on shares of Universal Display from $200.00 to $162.00 and set a “neutral” rating for the company in a research report on Monday, February 10th. Needham & Company LLC decreased their price objective on Universal Display from $215.00 to $170.00 and set a “buy” rating for the company in a report on Friday, February 21st. Finally, Susquehanna reduced their price objective on Universal Display from $165.00 to $160.00 and set a “neutral” rating for the company in a research note on Friday, February 21st. Three analysts have rated the stock with a hold rating and five have given a buy rating to the company’s stock. According to data from MarketBeat, Universal Display presently has an average rating of “Moderate Buy” and a consensus target price of $190.43.

Universal Display Stock Up 0.2 %

The stock has a market cap of $5.40 billion, a PE ratio of 24.52, a P/E/G ratio of 1.61 and a beta of 1.42. The business’s fifty day moving average is $147.52 and its 200 day moving average is $165.17.

Universal Display (NASDAQ:OLED) last posted its earnings results on Thursday, February 20th. The semiconductor company reported $1.22 EPS for the quarter, topping analysts’ consensus estimates of $1.08 by $0.14. Universal Display had a return on equity of 15.51% and a net margin of 34.29%. The company had revenue of $162.29 million for the quarter, compared to the consensus estimate of $152.75 million. As a group, analysts predict that Universal Display Co. will post 4.71 EPS for the current year.

Universal Display Increases Dividend

The firm also recently announced a quarterly dividend, which was paid on Monday, March 31st. Shareholders of record on Monday, March 17th were given a dividend of $0.45 per share. The ex-dividend date was Monday, March 17th. This represents a $1.80 dividend on an annualized basis and a yield of 1.58%. This is a boost from Universal Display’s previous quarterly dividend of $0.40. Universal Display’s payout ratio is presently 38.71%.

Institutional Inflows and Outflows

A number of hedge funds have recently modified their holdings of OLED. Orion Capital Management LLC acquired a new stake in Universal Display during the 4th quarter valued at $29,000. Brown Brothers Harriman & Co. grew its stake in Universal Display by 280.0% in the 4th quarter. Brown Brothers Harriman & Co. now owns 209 shares of the semiconductor company’s stock worth $31,000 after acquiring an additional 154 shares during the period. Blue Trust Inc. lifted its stake in shares of Universal Display by 401.9% during the 4th quarter. Blue Trust Inc. now owns 261 shares of the semiconductor company’s stock worth $38,000 after purchasing an additional 209 shares during the period. Aster Capital Management DIFC Ltd purchased a new position in shares of Universal Display during the 4th quarter worth about $40,000. Finally, Farther Finance Advisors LLC grew its holdings in Universal Display by 761.1% in the fourth quarter. Farther Finance Advisors LLC now owns 310 shares of the semiconductor company’s stock valued at $45,000 after purchasing an additional 274 shares during the period. 78.19% of the stock is owned by hedge funds and other institutional investors.

About Universal Display

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.