Universal Display Corporation (NASDAQ:OLED) Receives $151.67 Average PT from Analysts

Shares of Universal Display Corporation (NASDAQ:OLED) have been assigned a consensus rating of “Hold” from the five brokerages that are presently covering the firm, MarketBeat reports. Three research analysts have rated the stock with a hold rating and two have given a buy rating to the company. The average twelve-month price target among brokers that have issued a report on the stock in the last year is $151.6667.

Several research firms have recently commented on OLED. Wall Street Zen raised Universal Display from a “sell” rating to a “hold” rating in a report on Sunday, February 22nd. Weiss Ratings reiterated a “hold (c-)” rating on shares of Universal Display in a research note on Wednesday, December 24th. Needham & Company LLC decreased their price objective on shares of Universal Display from $150.00 to $145.00 and set a “buy” rating for the company in a research report on Friday, February 20th. Citigroup lowered their price objective on shares of Universal Display from $150.00 to $130.00 and set a “neutral” rating on the stock in a research note on Tuesday, January 27th. Finally, Roth Mkm reaffirmed a “buy” rating and issued a $180.00 target price on shares of Universal Display in a report on Friday, February 20th.

Institutional Inflows and Outflows

Several large investors have recently bought and sold shares of the stock. Smartleaf Asset Management LLC grew its position in shares of Universal Display by 309.8% in the third quarter. Smartleaf Asset Management LLC now owns 209 shares of the semiconductor company’s stock valued at $30,000 after purchasing an additional 158 shares during the last quarter. Measured Wealth Private Client Group LLC acquired a new position in Universal Display in the 3rd quarter valued at $33,000. Pilgrim Partners Asia Pte Ltd bought a new position in Universal Display during the 3rd quarter worth $37,000. Rise Advisors LLC lifted its holdings in shares of Universal Display by 53.3% during the third quarter. Rise Advisors LLC now owns 299 shares of the semiconductor company’s stock worth $43,000 after buying an additional 104 shares in the last quarter. Finally, Country Trust Bank acquired a new stake in shares of Universal Display during the second quarter worth $46,000. 78.19% of the stock is owned by institutional investors.

Universal Display Stock Performance

NASDAQ:OLED opened at $94.72 on Friday. Universal Display has a 52-week low of $93.03 and a 52-week high of $163.21. The company has a market cap of $4.46 billion, a P/E ratio of 18.68, a P/E/G ratio of 7.49 and a beta of 1.65. The stock’s 50-day simple moving average is $111.77 and its 200 day simple moving average is $124.74.

Universal Display (NASDAQ:OLED) last issued its quarterly earnings results on Thursday, February 19th. The semiconductor company reported $1.39 EPS for the quarter, beating the consensus estimate of $1.28 by $0.11. The firm had revenue of $172.93 million during the quarter, compared to analysts’ expectations of $173.35 million. Universal Display had a return on equity of 14.07% and a net margin of 37.21%.The business’s quarterly revenue was up 6.5% compared to the same quarter last year. During the same period in the prior year, the firm posted $1.22 earnings per share. As a group, equities analysts predict that Universal Display will post 4.71 earnings per share for the current fiscal year.

Universal Display Increases Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Tuesday, March 31st. Shareholders of record on Tuesday, March 17th will be issued a $0.50 dividend. This is an increase from Universal Display’s previous quarterly dividend of $0.45. This represents a $2.00 annualized dividend and a dividend yield of 2.1%. The ex-dividend date is Tuesday, March 17th. Universal Display’s dividend payout ratio is presently 39.45%.

About Universal Display

Universal Display Corporation (NASDAQ: OLED) is a technology company specializing in organic light-emitting diode (OLED) solutions. The company develops and commercializes materials, technologies and software used in the creation of OLED displays and lighting. Its offerings include proprietary phosphorescent OLED (PHOLED) materials, display driver integrated circuits and process technologies that enable higher efficiency, longer lifetimes and improved color performance for a range of display and lighting applications.

Universal Display’s core business is licensing its extensive OLED patent portfolio to display manufacturers and providing them with the key organic materials needed for device fabrication.