Universal Display (NASDAQ:OLED) Given Buy Rating at Needham & Company LLC

Needham & Company LLC reiterated their buy rating on shares of Universal Display (NASDAQ:OLED) in a research note published on Thursday morning,Benzinga reports. They currently have a $215.00 target price on the semiconductor company’s stock.

Other equities analysts have also recently issued research reports about the stock. TD Cowen reduced their price target on shares of Universal Display from $250.00 to $225.00 and set a “buy” rating on the stock in a research report on Thursday, October 31st. Oppenheimer reduced their price target on shares of Universal Display from $220.00 to $200.00 and set an “outperform” rating on the stock in a research report on Thursday, January 2nd. Two equities research analysts have rated the stock with a hold rating and five have assigned a buy rating to the company’s stock. According to MarketBeat, Universal Display presently has a consensus rating of “Moderate Buy” and a consensus target price of $207.86.

Universal Display Trading Up 0.4 %

OLED stock opened at $147.12 on Thursday. The firm’s 50-day moving average price is $157.72 and its two-hundred day moving average price is $186.67. Universal Display has a 12-month low of $143.25 and a 12-month high of $237.00. The stock has a market capitalization of $6.98 billion, a price-to-earnings ratio of 29.54, a PEG ratio of 1.62 and a beta of 1.40.

Universal Display (NASDAQ:OLED) last announced its quarterly earnings results on Wednesday, October 30th. The semiconductor company reported $1.40 earnings per share (EPS) for the quarter, beating 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 company had revenue of $161.63 million for the quarter, compared to analysts’ expectations of $165.28 million. During the same quarter in the previous year, the company earned $1.08 earnings per share. Universal Display’s quarterly revenue was up 14.6% on a year-over-year basis. Equities analysts predict that Universal Display will post 4.77 EPS for the current year.

Universal Display Announces Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Tuesday, December 31st. Investors of record on Tuesday, December 17th were paid a dividend of $0.40 per share. This represents a $1.60 annualized dividend and a yield of 1.09%. The ex-dividend date of this dividend was Tuesday, December 17th. Universal Display’s payout ratio is currently 32.13%.

Insider Buying and Selling

In other Universal Display news, Director Lawrence Lacerte acquired 742 shares of the company’s stock in a transaction that occurred on Monday, November 4th. The shares were acquired at an average price of $180.89 per share, with a total value of $134,220.38. Following the completion of the purchase, the director now directly owns 122,372 shares of the company’s stock, valued at approximately $22,135,871.08. The trade was a 0.61 % increase in their position. The purchase was disclosed in a document filed with the SEC, which can be accessed through the SEC website. 1.90% of the stock is currently owned by insiders.

Institutional Inflows and Outflows

Several hedge funds and other institutional investors have recently made changes to their positions in the company. Nisa Investment Advisors LLC lifted its stake 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 worth $36,000 after buying an additional 65 shares in the last quarter. UMB Bank n.a. lifted its stake in shares of Universal Display by 42.1% in the third quarter. UMB Bank n.a. now owns 324 shares of the semiconductor company’s stock worth $68,000 after buying an additional 96 shares in the last quarter. Glenmede Trust Co. NA lifted its stake in shares of Universal Display by 1.6% in the third quarter. Glenmede Trust Co. NA now owns 6,046 shares of the semiconductor company’s stock worth $1,269,000 after buying an additional 97 shares in the last quarter. Prospera Financial Services Inc lifted its stake in shares of Universal Display by 4.4% in the third quarter. Prospera Financial Services Inc now owns 2,576 shares of the semiconductor company’s stock worth $542,000 after buying an additional 108 shares in the last quarter. Finally, Wilmington Savings Fund Society FSB lifted its stake in shares of Universal Display by 2.8% in the third quarter. Wilmington Savings Fund Society FSB now owns 4,272 shares of the semiconductor company’s stock worth $897,000 after buying an additional 118 shares in the last quarter. Institutional investors own 78.19% of the company’s stock.

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.