Universal Display Corporation (NASDAQ:OLED) Receives Consensus Rating of “Moderate Buy” from Analysts

Shares of Universal Display Corporation (NASDAQ:OLED) have been given a consensus recommendation of “Moderate Buy” by the nine ratings firms that are currently covering the firm, MarketBeat reports. Four investment analysts have rated the stock with a hold rating and five have assigned a buy rating to the company. The average twelve-month target price among brokerages that have issued a report on the stock in the last year is $190.4286.

Several brokerages have recently commented on OLED. Zacks Research downgraded Universal Display from a “strong-buy” rating to a “hold” rating in a research note on Tuesday, August 19th. Weiss Ratings reiterated a “hold (c)” rating on shares of Universal Display in a research note on Wednesday, October 8th.

Institutional Trading of Universal Display

Institutional investors have recently added to or reduced their stakes in the company. Kayne Anderson Rudnick Investment Management LLC increased its position in Universal Display by 73.8% during the first quarter. Kayne Anderson Rudnick Investment Management LLC now owns 4,407,846 shares of the semiconductor company’s stock worth $614,806,000 after acquiring an additional 1,871,333 shares during the period. Primecap Management Co. CA increased its position in Universal Display by 20.7% during the second quarter. Primecap Management Co. CA now owns 2,215,308 shares of the semiconductor company’s stock worth $342,176,000 after acquiring an additional 379,586 shares during the period. Norges Bank bought a new position in Universal Display during the second quarter worth about $124,480,000. First Trust Advisors LP increased its position in Universal Display by 14.9% during the second quarter. First Trust Advisors LP now owns 699,412 shares of the semiconductor company’s stock worth $108,031,000 after acquiring an additional 90,766 shares during the period. Finally, Greenhouse Funds LLLP increased its position in Universal Display by 14.4% during the second quarter. Greenhouse Funds LLLP now owns 644,146 shares of the semiconductor company’s stock worth $99,495,000 after acquiring an additional 81,025 shares during the period. 78.19% of the stock is currently owned by institutional investors.

Universal Display Trading Down 1.1%

Shares of NASDAQ OLED opened at $149.76 on Wednesday. Universal Display has a 12 month low of $103.70 and a 12 month high of $214.57. The stock has a 50 day moving average of $142.71 and a 200-day moving average of $142.99. The company has a market capitalization of $7.12 billion, a P/E ratio of 29.25, a P/E/G ratio of 4.44 and a beta of 1.55.

Universal Display (NASDAQ:OLED) last issued its earnings results on Thursday, July 31st. The semiconductor company reported $1.41 EPS for the quarter, topping the consensus estimate of $1.18 by $0.23. Universal Display had a return on equity of 15.82% and a net margin of 36.95%.The company had revenue of $171.79 million during the quarter, compared to the consensus estimate of $161.58 million. During the same period in the previous year, the company posted $1.10 EPS. The firm’s revenue for the quarter was up 8.4% compared to the same quarter last year. Universal Display has set its FY 2025 guidance at EPS. Analysts predict that Universal Display will post 4.71 EPS for the current fiscal year.

Universal Display Announces Dividend

The company also recently declared a quarterly dividend, which was paid on Tuesday, September 30th. Investors of record on Tuesday, September 16th were paid a $0.45 dividend. The ex-dividend date was Tuesday, September 16th. This represents a $1.80 annualized dividend and a yield of 1.2%. Universal Display’s payout ratio is 35.16%.

About Universal Display

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.