Universal Display Co. (NASDAQ:OLED) Receives $225.88 Average PT from Brokerages

Universal Display Co. (NASDAQ:OLED) has been assigned a consensus recommendation of “Moderate Buy” from the eight analysts that are currently covering the stock, Marketbeat Ratings reports. Two analysts have rated the stock with a hold rating and six have assigned a buy rating to the company. The average 12 month target price among brokers that have issued a report on the stock in the last year is $225.88.

Several equities analysts recently commented on OLED shares. The Goldman Sachs Group upped their price target on shares of Universal Display from $208.00 to $243.00 and gave the company a “buy” rating in a research note on Thursday, July 18th. Roth Mkm boosted their price target on Universal Display from $189.00 to $217.00 and gave the company a “buy” rating in a research note on Friday, August 2nd. Needham & Company LLC raised their price objective on Universal Display from $198.00 to $242.00 and gave the stock a “buy” rating in a research note on Tuesday, July 2nd. TD Cowen upped their target price on Universal Display from $210.00 to $250.00 and gave the company a “buy” rating in a research report on Friday, August 2nd. Finally, Susquehanna raised their price target on Universal Display from $170.00 to $175.00 and gave the stock a “neutral” rating in a research report on Friday, August 2nd.

Universal Display Trading Up 0.9 %

Shares of NASDAQ OLED opened at $189.35 on Friday. The company has a market capitalization of $8.98 billion, a P/E ratio of 41.16, a P/E/G ratio of 1.92 and a beta of 1.42. Universal Display has a 12 month low of $133.67 and a 12 month high of $237.00. The stock has a 50 day moving average of $206.22 and a 200-day moving average of $182.60.

Universal Display (NASDAQ:OLED) last announced its quarterly earnings results on Thursday, August 1st. The semiconductor company reported $1.10 EPS for the quarter, missing analysts’ consensus estimates of $1.14 by ($0.04). Universal Display had a net margin of 35.74% and a return on equity of 15.25%. The company had revenue of $158.50 million during the quarter, compared to analyst estimates of $159.46 million. During the same quarter last year, the company posted $1.04 EPS. The firm’s quarterly revenue was up 8.1% on a year-over-year basis. Analysts predict that Universal Display will post 4.79 EPS for the current fiscal year.

Universal Display Announces Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Monday, September 30th. Investors of record on Monday, September 16th will be paid a $0.40 dividend. This represents a $1.60 annualized dividend and a yield of 0.84%. The ex-dividend date of this dividend is Monday, September 16th. Universal Display’s payout ratio is 34.78%.

Institutional Investors Weigh In On Universal Display

Several hedge funds have recently modified their holdings of the company. Nisa Investment Advisors LLC boosted its position in Universal Display by 47.4% during the 4th quarter. Nisa Investment Advisors LLC now owns 933 shares of the semiconductor company’s stock worth $178,000 after buying an additional 300 shares during the period. Cerity Partners LLC bought a new stake in shares of Universal Display in the 4th quarter valued at about $207,000. Cookson Peirce & Co. Inc. bought a new position in shares of Universal Display during the fourth quarter worth about $228,000. Zurcher Kantonalbank Zurich Cantonalbank lifted its stake in shares of Universal Display by 6.8% in the fourth quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 13,020 shares of the semiconductor company’s stock worth $2,490,000 after acquiring an additional 827 shares during the period. Finally, Federated Hermes Inc. raised its holdings in Universal Display by 3.9% during the 4th quarter. Federated Hermes Inc. now owns 4,952 shares of the semiconductor company’s stock worth $947,000 after purchasing an additional 184 shares during the last quarter. Institutional investors and hedge funds 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.