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

Shares of Universal Display Co. (NASDAQ:OLED) have been given an average recommendation of “Moderate Buy” by the six analysts that are currently covering the stock, Marketbeat Ratings reports. One equities research analyst has rated the stock with a hold recommendation and five have given a buy recommendation to the company. The average twelve-month price target among brokerages that have issued a report on the stock in the last year is $212.50.

A number of research analysts recently issued reports on the stock. Oppenheimer lowered their target price on Universal Display from $220.00 to $200.00 and set an “outperform” rating for the company in a research note on Thursday, January 2nd. TD Cowen decreased their target price on shares of Universal Display from $250.00 to $225.00 and set a “buy” rating on the stock in a research note on Thursday, October 31st. Finally, Needham & Company LLC reiterated a “buy” rating and issued a $215.00 price target on shares of Universal Display in a research note on Thursday.

Insider Transactions at Universal Display

In other news, Director Lawrence Lacerte bought 742 shares of the firm’s stock in a transaction on Monday, November 4th. The stock was acquired at an average cost of $180.89 per share, with a total value 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 $22,135,871.08. This represents a 0.61 % increase in their position. The transaction was disclosed in a legal filing with the SEC, which is accessible through this link. Company insiders own 1.90% of the company’s stock.

Institutional Trading of Universal Display

A number of hedge funds and other institutional investors have recently made changes to their positions in the stock. Kayne Anderson Rudnick Investment Management LLC purchased a new position in Universal Display during the second quarter worth about $127,668,000. Citigroup Inc. grew its holdings in shares of Universal Display by 1,387.6% during the third quarter. Citigroup Inc. now owns 261,723 shares of the semiconductor company’s stock worth $54,936,000 after purchasing an additional 244,129 shares in the last quarter. Raymond James & Associates grew its holdings in shares of Universal Display by 629.9% during the third quarter. Raymond James & Associates now owns 269,414 shares of the semiconductor company’s stock worth $56,550,000 after purchasing an additional 232,503 shares in the last quarter. Barclays PLC increased its position in shares of Universal Display by 753.8% in the third 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. Finally, CloudAlpha Capital Management Limited Hong Kong purchased a new stake in Universal Display in the second quarter valued at approximately $34,558,000. 78.19% of the stock is currently owned by institutional investors.

Universal Display Trading Up 1.4 %

NASDAQ:OLED opened at $149.24 on Monday. The stock has a market capitalization of $7.08 billion, a PE ratio of 29.97, a P/E/G ratio of 1.62 and a beta of 1.40. The firm has a fifty day simple moving average of $157.11 and a 200 day simple moving average of $185.84. Universal Display has a 1-year low of $143.25 and a 1-year high of $237.00.

Universal Display (NASDAQ:OLED) last announced its earnings results on Wednesday, October 30th. The semiconductor company reported $1.40 EPS for the quarter, topping the consensus estimate of $1.19 by $0.21. Universal Display had a net margin of 36.98% and a return on equity of 15.75%. The business had revenue of $161.63 million during the quarter, compared to the consensus estimate of $165.28 million. During the same quarter in the previous year, the firm posted $1.08 EPS. Universal Display’s revenue was up 14.6% compared to the same quarter last year. On average, equities analysts predict that Universal Display will post 4.77 earnings per share for the current fiscal year.

Universal Display Announces Dividend

The company also recently announced a quarterly dividend, which was paid on Tuesday, December 31st. Stockholders of record on Tuesday, December 17th were issued a $0.40 dividend. The ex-dividend date of this dividend was Tuesday, December 17th. This represents a $1.60 annualized dividend and a dividend yield of 1.07%. Universal Display’s dividend payout ratio is currently 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.