Universal Display Co. (NASDAQ:OLED) Given Consensus Recommendation of “Moderate Buy” by Analysts

Universal Display Co. (NASDAQ:OLED) has received a consensus recommendation of “Moderate Buy” from the eight brokerages that are currently covering the stock, Marketbeat reports. Two analysts have rated the stock with a hold rating and six have given a buy rating to the company. The average 12 month target price among brokers that have issued a report on the stock in the last year is $215.63.

OLED has been the subject of a number of analyst reports. TD Cowen cut 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 report on Thursday, October 31st. Oppenheimer decreased their price objective on Universal Display from $240.00 to $220.00 and set an “outperform” rating on the stock in a report on Thursday, October 31st. Needham & Company LLC dropped their target price on Universal Display from $242.00 to $215.00 and set a “buy” rating for the company in a research note on Thursday, October 31st. Roth Mkm raised their price target on Universal Display from $189.00 to $217.00 and gave the stock a “buy” rating in a research note on Friday, August 2nd. Finally, Susquehanna increased their price objective on shares of Universal Display from $170.00 to $175.00 and gave the stock a “neutral” rating in a report on Friday, August 2nd.

Insider Buying and Selling

In related news, Director Lawrence Lacerte bought 742 shares of the stock in a transaction dated Monday, November 4th. The stock was bought at an average cost of $180.89 per share, with a total value of $134,220.38. Following the completion of the acquisition, the director now owns 122,372 shares of the company’s stock, valued at $22,135,871.08. This trade represents a 0.61 % increase in their ownership of the stock. The purchase was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this hyperlink. Insiders own 1.90% of the company’s stock.

Institutional Investors Weigh In On Universal Display

Several large investors have recently made changes to their positions in the company. TD Private Client Wealth LLC acquired a new stake in shares of Universal Display in the 3rd quarter worth approximately $2,180,000. Coldstream Capital Management Inc. bought a new stake in Universal Display in the third quarter worth about $365,000. Geode Capital Management LLC lifted its holdings in Universal Display by 1.9% in the 3rd quarter. Geode Capital Management LLC now owns 799,352 shares of the semiconductor company’s stock valued at $167,825,000 after acquiring an additional 15,015 shares during the last quarter. M&T Bank Corp boosted its position in shares of Universal Display by 12.0% during the 3rd quarter. M&T Bank Corp now owns 2,086 shares of the semiconductor company’s stock valued at $438,000 after purchasing an additional 223 shares in the last quarter. Finally, Barclays PLC grew its stake in shares of Universal Display by 753.8% in the 3rd quarter. Barclays PLC now owns 212,518 shares of the semiconductor company’s stock worth $44,608,000 after purchasing an additional 187,627 shares during the last quarter. Institutional investors and hedge funds own 78.19% of the company’s stock.

Universal Display Price Performance

Shares of Universal Display stock opened at $168.41 on Friday. The business has a 50 day moving average price of $195.31 and a 200 day moving average price of $195.64. The company has a market capitalization of $7.99 billion, a P/E ratio of 33.82, a P/E/G ratio of 1.79 and a beta of 1.43. Universal Display has a 1 year low of $148.75 and a 1 year high of $237.00.

Universal Display (NASDAQ:OLED) last released its quarterly 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. The company 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 business’s revenue for the quarter was up 14.6% compared to the same quarter last year. During the same period in the previous year, the firm posted $1.08 earnings per share. As a group, research analysts expect that Universal Display will post 4.8 EPS for the current fiscal year.

Universal Display Dividend Announcement

The firm also recently announced a quarterly dividend, which will be paid on Tuesday, December 31st. Stockholders of record on Tuesday, December 17th will be given a dividend of $0.40 per share. This represents a $1.60 dividend on an annualized basis and a dividend yield of 0.95%. The ex-dividend date is Tuesday, December 17th. Universal Display’s payout ratio is 32.13%.

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.