Universal Display Co. (NASDAQ:OLED) Receives Average Recommendation of “Moderate Buy” from Brokerages

Shares of Universal Display Co. (NASDAQ:OLED) have been assigned an average rating of “Moderate Buy” from the eight analysts that are currently covering the stock, Marketbeat Ratings reports. Two research analysts have rated the stock with a hold recommendation and six have given a buy recommendation to the company. The average twelve-month target price among brokers that have covered the stock in the last year is $225.88.

A number of equities analysts have recently weighed in on the company. Susquehanna upped their target price on Universal Display from $170.00 to $175.00 and gave the stock a “neutral” rating in a research report on Friday, August 2nd. Roth Mkm upped their price objective on shares of Universal Display from $189.00 to $217.00 and gave the stock a “buy” rating in a report on Friday, August 2nd. TD Cowen lifted their price objective on shares of Universal Display from $210.00 to $250.00 and gave the company a “buy” rating in a report on Friday, August 2nd. Needham & Company LLC upped their target price on shares of Universal Display from $198.00 to $242.00 and gave the stock a “buy” rating in a report on Tuesday, July 2nd. Finally, Oppenheimer raised their price target on shares of Universal Display from $200.00 to $250.00 and gave the company an “outperform” rating in a research report on Wednesday, July 3rd.

Universal Display Trading Up 1.7 %

NASDAQ:OLED opened at $211.71 on Friday. Universal Display has a 12 month low of $133.67 and a 12 month high of $237.00. The stock has a market capitalization of $10.04 billion, a price-to-earnings ratio of 46.02, a PEG ratio of 2.22 and a beta of 1.42. The firm has a fifty day simple moving average of $195.45 and a two-hundred day simple moving average of $188.23.

Universal Display (NASDAQ:OLED) last issued its earnings results on Thursday, August 1st. The semiconductor company reported $1.10 EPS for the quarter, missing the consensus estimate of $1.14 by ($0.04). Universal Display had a net margin of 35.74% and a return on equity of 15.25%. The firm had revenue of $158.50 million during the quarter, compared to analyst estimates of $159.46 million. During the same quarter in the prior year, the business earned $1.04 earnings per share. The business’s quarterly revenue was up 8.1% on a year-over-year basis. Equities analysts predict that Universal Display will post 4.81 earnings per share for the current fiscal year.

Universal Display Announces Dividend

The company also recently announced a quarterly dividend, which was paid on Monday, September 30th. Shareholders of record on Monday, September 16th were given a dividend of $0.40 per share. The ex-dividend date of this dividend was Monday, September 16th. This represents a $1.60 annualized dividend and a dividend yield of 0.76%. Universal Display’s dividend payout ratio is currently 34.78%.

Hedge Funds Weigh In On Universal Display

Institutional investors have recently modified their holdings of the business. Hsbc Holdings PLC raised its position in Universal Display by 13.5% in the fourth quarter. Hsbc Holdings PLC now owns 14,939 shares of the semiconductor company’s stock worth $2,861,000 after acquiring an additional 1,780 shares during the period. Stifel Financial Corp lifted its stake in Universal Display by 1.3% in the fourth quarter. Stifel Financial Corp now owns 41,599 shares of the semiconductor company’s stock valued at $7,956,000 after purchasing an additional 554 shares during the last quarter. Allianz Asset Management GmbH increased its position in Universal Display by 99.6% in the fourth quarter. Allianz Asset Management GmbH now owns 9,657 shares of the semiconductor company’s stock worth $1,847,000 after buying an additional 4,818 shares during the last quarter. Campbell & CO Investment Adviser LLC bought a new stake in shares of Universal Display in the fourth quarter valued at $750,000. Finally, KBC Group NV lifted its position in shares of Universal Display by 131.9% during the 4th quarter. KBC Group NV now owns 4,838 shares of the semiconductor company’s stock valued at $925,000 after buying an additional 2,752 shares during the last quarter. 78.19% of the stock is 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.