Universal Display Co. (NASDAQ:OLED) Receives $225.88 Average Price Target from Analysts

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

A number of analysts have commented on the company. Oppenheimer lowered their price target on Universal Display from $240.00 to $220.00 and set an “outperform” rating for the company in a research report on Thursday, October 31st. TD Cowen decreased their target price on Universal Display from $250.00 to $225.00 and set a “buy” rating for the company in a report on Thursday, October 31st. Roth Mkm increased their price target on shares of Universal Display from $189.00 to $217.00 and gave the stock a “buy” rating in a report on Friday, August 2nd. Susquehanna lifted their price objective on shares of Universal Display from $170.00 to $175.00 and gave the company a “neutral” rating in a research note on Friday, August 2nd. Finally, Needham & Company LLC cut their price objective on shares of Universal Display from $242.00 to $215.00 and set a “buy” rating on the stock in a research note on Thursday, October 31st.

Institutional Trading of Universal Display

Hedge funds and other institutional investors have recently added to or reduced their stakes in the company. SageView Advisory Group LLC purchased a new stake in shares of Universal Display during the 1st quarter worth about $1,179,000. Montag A & Associates Inc. boosted its position in Universal Display by 28.9% during the first quarter. Montag A & Associates Inc. now owns 11,848 shares of the semiconductor company’s stock worth $1,996,000 after purchasing an additional 2,655 shares in the last quarter. Tidal Investments LLC grew its holdings in Universal Display by 172.0% in the first quarter. Tidal Investments LLC now owns 6,246 shares of the semiconductor company’s stock valued at $1,052,000 after purchasing an additional 3,950 shares during the period. Meeder Asset Management Inc. purchased a new stake in shares of Universal Display in the first quarter valued at approximately $1,001,000. Finally, Harbor Capital Advisors Inc. raised its stake in shares of Universal Display by 375.1% during the 2nd quarter. Harbor Capital Advisors Inc. now owns 10,043 shares of the semiconductor company’s stock worth $2,112,000 after buying an additional 7,929 shares during the period. Institutional investors and hedge funds own 78.19% of the company’s stock.

Universal Display Stock Up 0.6 %

OLED opened at $180.80 on Wednesday. The company has a market cap of $8.58 billion, a P/E ratio of 36.31, a price-to-earnings-growth ratio of 1.93 and a beta of 1.43. The firm’s 50-day moving average price is $201.09 and its 200-day moving average price is $194.71. Universal Display has a 52-week low of $144.85 and a 52-week high of $237.00.

Universal Display (NASDAQ:OLED) last issued its quarterly earnings results on Wednesday, October 30th. The semiconductor company reported $1.40 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates 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 for the quarter, compared to analyst estimates of $165.28 million. During the same quarter in the prior year, the business posted $1.08 EPS. Universal Display’s revenue for the quarter was up 14.6% compared to the same quarter last year. On average, research analysts anticipate that Universal Display will post 4.79 EPS for the current fiscal year.

Universal Display Dividend Announcement

The company also recently announced a quarterly dividend, which will be paid on Tuesday, December 31st. Investors of record on Tuesday, December 17th will be paid a $0.40 dividend. This represents a $1.60 annualized dividend and a dividend yield of 0.88%. The ex-dividend date is Tuesday, December 17th. 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.