Universal Display Co. (NASDAQ:OLED) announced a quarterly dividend on Friday, February 23rd, Wall Street Journal reports. Stockholders of record on Thursday, March 15th will be given a dividend of 0.06 per share by the semiconductor company on Friday, March 30th. This represents a $0.24 annualized dividend and a dividend yield of 0.19%. The ex-dividend date of this dividend is Wednesday, March 14th. This is an increase from Universal Display’s previous quarterly dividend of $0.03.
Shares of Universal Display (NASDAQ:OLED) opened at $128.40 on Tuesday. The company has a market capitalization of $6,213.02, a P/E ratio of 54.57 and a beta of 1.08. Universal Display has a 1-year low of $79.55 and a 1-year high of $209.00.
Universal Display (NASDAQ:OLED) last released its quarterly earnings data on Thursday, February 22nd. The semiconductor company reported $0.93 EPS for the quarter, beating the Thomson Reuters’ consensus estimate of $0.82 by $0.11. The firm had revenue of $115.87 million during the quarter, compared to the consensus estimate of $99.55 million. Universal Display had a return on equity of 18.80% and a net margin of 30.95%. The company’s quarterly revenue was up 55.3% on a year-over-year basis. During the same quarter in the previous year, the company posted $0.55 earnings per share. equities analysts forecast that Universal Display will post 2.66 earnings per share for the current fiscal year.
Several equities research analysts have recently commented on the company. ValuEngine downgraded Universal Display from a “hold” rating to a “sell” rating in a report on Wednesday, March 7th. Zacks Investment Research cut Universal Display from a “hold” rating to a “sell” rating in a research report on Wednesday, February 28th. BidaskClub cut Universal Display from a “buy” rating to a “hold” rating in a research report on Wednesday, December 6th. Cowen set a $225.00 target price on Universal Display and gave the company a “buy” rating in a research report on Tuesday, February 20th. Finally, Evercore ISI started coverage on Universal Display in a research report on Thursday, November 30th. They set an “outperform” rating and a $225.00 target price on the stock. Three research analysts have rated the stock with a sell rating, six have assigned a hold rating and six have assigned a buy rating to the stock. Universal Display presently has an average rating of “Hold” and an average price target of $167.09.
About Universal Display
Universal Display Corporation is engaged in the research, development and commercialization of organic light emitting diode (OLED), technologies and materials for use in display and solid-state lighting applications. The Company also supplies its OLED materials to manufacturers of OLED displays and lighting products for evaluation and for use in product development and for pre-commercial activities, and it also provides technical assistance and support to these manufacturers.
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