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

Universal Display Co. (NASDAQ:OLED) has earned an average rating of “Moderate Buy” from the seven research firms that are presently covering the firm, Marketbeat.com reports. Two investment analysts have rated the stock with a hold rating and five have given a buy rating to the company. The average 1 year price objective among analysts that have covered the stock in the last year is $190.43.

OLED has been the subject of a number of recent research reports. Oppenheimer dropped their price objective on shares of Universal Display from $220.00 to $200.00 and set an “outperform” rating for the company in a research note on Thursday, January 2nd. Susquehanna dropped their price target on shares of Universal Display from $165.00 to $160.00 and set a “neutral” rating for the company in a research report on Friday, February 21st. Roth Mkm lifted their price objective on Universal Display from $207.00 to $213.00 and gave the company a “buy” rating in a report on Friday, February 21st. The Goldman Sachs Group dropped their target price on Universal Display from $234.00 to $203.00 and set a “buy” rating for the company in a report on Thursday, February 6th. Finally, Needham & Company LLC cut their target price on Universal Display from $215.00 to $170.00 and set a “buy” rating for the company in a research report on Friday, February 21st.

Institutional Trading of Universal Display

Several large investors have recently added to or reduced their stakes in OLED. State of Alaska Department of Revenue raised its holdings in shares of Universal Display by 7.3% in the third quarter. State of Alaska Department of Revenue now owns 5,072 shares of the semiconductor company’s stock valued at $1,064,000 after buying an additional 345 shares during the last quarter. Nisa Investment Advisors LLC raised its holdings 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 valued at $36,000 after buying an additional 65 shares during the last quarter. US Bancorp DE raised its holdings in shares of Universal Display by 43.9% in the third quarter. US Bancorp DE now owns 5,037 shares of the semiconductor company’s stock valued at $1,057,000 after buying an additional 1,536 shares during the last quarter. Stephens Inc. AR bought a new position in shares of Universal Display in the third quarter valued at about $249,000. Finally, Janney Montgomery Scott LLC raised its holdings in shares of Universal Display by 625.9% in the third quarter. Janney Montgomery Scott LLC now owns 40,989 shares of the semiconductor company’s stock valued at $8,604,000 after buying an additional 35,342 shares during the last quarter. 78.19% of the stock is owned by institutional investors.

Universal Display Stock Performance

NASDAQ OLED opened at $145.81 on Tuesday. The firm has a 50-day simple moving average of $148.64 and a 200 day simple moving average of $173.01. Universal Display has a twelve month low of $140.17 and a twelve month high of $237.00. The stock has a market cap of $6.92 billion, a PE ratio of 31.36, a PEG ratio of 1.61 and a beta of 1.39.

Universal Display (NASDAQ:OLED) last released its earnings results on Thursday, February 20th. The semiconductor company reported $1.22 earnings per share for the quarter, beating the consensus estimate of $1.08 by $0.14. Universal Display had a net margin of 34.29% and a return on equity of 15.51%. The business had revenue of $162.29 million during the quarter, compared to analysts’ expectations of $152.75 million. Research analysts forecast that Universal Display will post 4.71 earnings per share for the current fiscal year.

Universal Display Increases Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Monday, March 31st. Shareholders of record on Monday, March 17th will be paid a dividend of $0.45 per share. This represents a $1.80 annualized dividend and a yield of 1.23%. This is a boost from Universal Display’s previous quarterly dividend of $0.40. The ex-dividend date is Monday, March 17th. Universal Display’s dividend payout ratio is currently 38.71%.

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.