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

Universal Display Co. (NASDAQ:OLED) has earned an average recommendation of “Moderate Buy” from the seven research firms that are covering the stock, MarketBeat reports. Two analysts have rated the stock with a hold recommendation and five have issued a buy recommendation on the company. The average 12-month target price among analysts that have issued ratings on the stock in the last year is $210.71.

A number of equities research analysts recently issued reports on the company. TD Cowen reduced their price target on Universal Display from $250.00 to $225.00 and set a “buy” rating on the stock in a research report on Thursday, October 31st. Oppenheimer reduced their target price on Universal Display from $240.00 to $220.00 and set an “outperform” rating on the stock in a report on Thursday, October 31st. Finally, Needham & Company LLC decreased their price target on Universal Display from $242.00 to $215.00 and set a “buy” rating on the stock in a research report on Thursday, October 31st.

Universal Display Price Performance

OLED opened at $149.11 on Thursday. The business has a fifty day simple moving average of $177.93 and a 200 day simple moving average of $193.77. Universal Display has a 1 year low of $148.09 and a 1 year high of $237.00. The company has a market capitalization of $7.08 billion, a PE ratio of 29.94, a price-to-earnings-growth ratio of 1.74 and a beta of 1.39.

Universal Display (NASDAQ:OLED) last posted its earnings results on Wednesday, October 30th. The semiconductor company reported $1.40 earnings per share 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 during the quarter, compared to the consensus estimate of $165.28 million. During the same quarter last year, the firm earned $1.08 earnings per share. The company’s revenue was up 14.6% on a year-over-year basis. Equities analysts anticipate that Universal Display will post 4.8 earnings per share for the current fiscal year.

Universal Display Announces Dividend

The firm also recently disclosed 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 1.07%. The ex-dividend date of this dividend is Tuesday, December 17th. Universal Display’s dividend payout ratio (DPR) is presently 32.13%.

Insider Buying and Selling at Universal Display

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

Institutional Inflows and Outflows

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