Brokerages Set Universal Display Co. (NASDAQ:OLED) PT at $190.43

Shares of Universal Display Co. (NASDAQ:OLED) have been given a consensus recommendation of “Moderate Buy” by the seven ratings firms that are currently covering the stock, Marketbeat.com reports. Two research analysts have rated the stock with a hold rating and five have issued a buy rating on the company. The average 1 year price objective among analysts that have issued a report on the stock in the last year is $190.43.

A number of analysts have recently commented on the company. The Goldman Sachs Group dropped their price objective on Universal Display from $234.00 to $203.00 and set a “buy” rating for the company in a report on Thursday, February 6th. StockNews.com upgraded Universal Display from a “sell” rating to a “hold” rating in a research note on Friday, March 21st. Roth Mkm lifted their price objective on Universal Display from $207.00 to $213.00 and gave the company a “buy” rating in a research note on Friday, February 21st. Oppenheimer dropped their target price on shares of Universal Display from $220.00 to $200.00 and set an “outperform” rating for the company in a research report on Thursday, January 2nd. Finally, Susquehanna reduced their price target on shares of Universal Display from $165.00 to $160.00 and set a “neutral” rating on the stock in a research report on Friday, February 21st.

Institutional Trading of Universal Display

A number of hedge funds and other institutional investors have recently modified their holdings of OLED. Orion Capital Management LLC acquired a new stake in Universal Display in the fourth quarter valued at $29,000. Brooklyn Investment Group acquired a new position in Universal Display in the third quarter worth about $30,000. Brown Brothers Harriman & Co. raised its stake in Universal Display by 280.0% during the fourth quarter. Brown Brothers Harriman & Co. now owns 209 shares of the semiconductor company’s stock valued at $31,000 after buying an additional 154 shares in the last quarter. True Wealth Design LLC bought a new position in Universal Display during the 3rd quarter worth approximately $36,000. Finally, Blue Trust Inc. grew its position in shares of Universal Display by 401.9% in the 4th quarter. Blue Trust Inc. now owns 261 shares of the semiconductor company’s stock worth $38,000 after acquiring an additional 209 shares in the last quarter. 78.19% of the stock is owned by hedge funds and other institutional investors.

Universal Display Trading Down 3.5 %

NASDAQ OLED opened at $113.42 on Friday. The business’s 50-day moving average price is $147.52 and its 200 day moving average price is $165.72. Universal Display has a twelve month low of $109.66 and a twelve month high of $237.00. The company has a market capitalization of $5.38 billion, a PE ratio of 24.39, a price-to-earnings-growth ratio of 1.61 and a beta of 1.40.

Universal Display (NASDAQ:OLED) last announced its quarterly earnings data on Thursday, February 20th. The semiconductor company reported $1.22 earnings per share for the quarter, topping the consensus estimate of $1.08 by $0.14. Universal Display had a net margin of 34.29% and a return on equity of 15.51%. The business had revenue of $162.29 million for the quarter, compared to analyst estimates of $152.75 million. Equities analysts predict that Universal Display will post 4.71 EPS for the current year.

Universal Display Increases Dividend

The company also recently disclosed a quarterly dividend, which was paid on Monday, March 31st. Shareholders of record on Monday, March 17th were issued a $0.45 dividend. The ex-dividend date of this dividend was Monday, March 17th. This represents a $1.80 dividend on an annualized basis and a yield of 1.59%. This is a positive change from Universal Display’s previous quarterly dividend of $0.40. Universal Display’s payout ratio is currently 38.71%.

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.