Susquehanna Cuts Universal Display (NASDAQ:OLED) Price Target to $160.00

Universal Display (NASDAQ:OLED) had its target price lowered by Susquehanna from $165.00 to $160.00 in a research note published on Friday morning,Benzinga reports. Susquehanna currently has a neutral rating on the semiconductor company’s stock.

Other equities analysts have also recently issued reports about the stock. TD Cowen reduced their price target on shares of Universal Display from $250.00 to $225.00 and set a “buy” rating on the stock in a research report on Thursday, October 31st. The Goldman Sachs Group lowered their price target on Universal Display from $234.00 to $203.00 and set a “buy” rating for the company in a report on Thursday, February 6th. Citigroup dropped their price objective on shares of Universal Display from $200.00 to $162.00 and set a “neutral” rating on the stock in a 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. Finally, Oppenheimer reduced their target price on shares of Universal Display from $220.00 to $200.00 and set an “outperform” rating for the company in a report on Thursday, January 2nd. Two investment analysts have rated the stock with a hold rating and five have issued a buy rating to the company. According to MarketBeat, the company has an average rating of “Moderate Buy” and a consensus price target of $190.43.

Universal Display Stock Up 6.8 %

OLED stock opened at $157.30 on Friday. Universal Display has a twelve month low of $140.17 and a twelve month high of $237.00. The company has a market cap of $7.47 billion, a P/E ratio of 33.83, a PEG ratio of 1.61 and a beta of 1.39. The business has a fifty day moving average of $148.41 and a 200-day moving average of $173.91.

Universal Display (NASDAQ:OLED) last announced its quarterly earnings data on Thursday, February 20th. The semiconductor company reported $1.22 earnings per share for the quarter, topping the consensus estimate of $1.08 by $0.14. The firm had revenue of $162.29 million during the quarter, compared to analysts’ expectations of $152.75 million. Universal Display had a return on equity of 15.51% and a net margin of 34.29%. As a group, equities research analysts anticipate that Universal Display will post 4.71 earnings per share for the current fiscal year.

Universal Display Increases Dividend

The firm also recently declared a quarterly dividend, which will be paid on Monday, March 31st. Shareholders of record on Monday, March 17th will be given a dividend of $0.45 per share. This represents a $1.80 dividend on an annualized basis and a yield of 1.14%. The ex-dividend date is Monday, March 17th. This is an increase from Universal Display’s previous quarterly dividend of $0.40. Universal Display’s payout ratio is 38.71%.

Institutional Inflows and Outflows

Institutional investors have recently made changes to their positions in the business. Assetmark Inc. bought a new position in Universal Display during the third quarter worth $29,000. Orion Capital Management LLC acquired a new stake in shares of Universal Display during the 4th quarter worth about $29,000. Brooklyn Investment Group acquired a new stake in shares of Universal Display during the 3rd quarter worth about $30,000. Brown Brothers Harriman & Co. boosted its holdings in shares of Universal Display by 280.0% during the 4th quarter. Brown Brothers Harriman & Co. now owns 209 shares of the semiconductor company’s stock worth $31,000 after buying an additional 154 shares during the period. Finally, Nisa Investment Advisors LLC grew its stake in Universal Display by 60.2% in the 3rd quarter. Nisa Investment Advisors LLC now owns 173 shares of the semiconductor company’s stock valued at $36,000 after buying an additional 65 shares during the last quarter. 78.19% of the stock is owned by institutional investors and hedge funds.

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.