Universal Display Co. (NASDAQ:OLED) Given Consensus Recommendation of “Moderate Buy” by Brokerages

Shares of Universal Display Co. (NASDAQ:OLED) have been assigned an average recommendation of “Moderate Buy” from the eight ratings firms that are covering the firm, Marketbeat.com reports. Two analysts have rated the stock with a hold rating and six have given a buy rating to the company. The average 12-month target price among brokers that have updated their coverage on the stock in the last year is $215.63.

OLED has been the topic of a number of analyst reports. The Goldman Sachs Group lifted their target price on shares of Universal Display from $208.00 to $243.00 and gave the stock a “buy” rating in a research note on Thursday, July 18th. Roth Mkm boosted their price target on shares of Universal Display from $189.00 to $217.00 and gave the company a “buy” rating in a research note on Friday, August 2nd. Susquehanna boosted their price target on shares of Universal Display from $170.00 to $175.00 and gave the company a “neutral” rating in a research note on Friday, August 2nd. Needham & Company LLC reduced their price target on shares of Universal Display from $242.00 to $215.00 and set a “buy” rating on the stock in a research note on Thursday. Finally, 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 note on Thursday.

Institutional Inflows and Outflows

A number of institutional investors have recently made changes to their positions in the business. Atria Investments Inc grew its holdings in shares of Universal Display by 766.2% in the third quarter. Atria Investments Inc now owns 12,863 shares of the semiconductor company’s stock valued at $2,700,000 after purchasing an additional 11,378 shares in the last quarter. Assetmark Inc. acquired a new position in shares of Universal Display in the third quarter valued at approximately $29,000. Capital Performance Advisors LLP acquired a new position in shares of Universal Display in the third quarter valued at approximately $82,000. Olympiad Research LP grew its holdings in Universal Display by 33.8% during the 3rd quarter. Olympiad Research LP now owns 2,573 shares of the semiconductor company’s stock worth $540,000 after acquiring an additional 650 shares in the last quarter. Finally, QRG Capital Management Inc. grew its holdings in Universal Display by 26.4% during the 3rd quarter. QRG Capital Management Inc. now owns 1,509 shares of the semiconductor company’s stock worth $317,000 after acquiring an additional 315 shares in the last quarter. Institutional investors and hedge funds own 78.19% of the company’s stock.

Universal Display Price Performance

Shares of OLED stock opened at $180.25 on Wednesday. The firm’s 50-day moving average is $201.32 and its two-hundred day moving average is $194.22. Universal Display has a 12 month low of $138.60 and a 12 month high of $237.00. The company has a market capitalization of $8.55 billion, a PE ratio of 36.19, a price-to-earnings-growth ratio of 1.93 and a beta of 1.43.

Universal Display (NASDAQ:OLED) last issued its earnings results on Wednesday, October 30th. The semiconductor company reported $1.40 EPS for the quarter, topping analysts’ consensus estimates 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 the consensus estimate of $165.28 million. During the same period in the previous year, the firm earned $1.08 earnings per share. Universal Display’s quarterly revenue was up 14.6% compared to the same quarter last year. Sell-side analysts forecast that Universal Display will post 4.81 EPS for the current year.

Universal Display Announces Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Tuesday, December 31st. Investors of record on Tuesday, December 17th will be issued a $0.40 dividend. This represents a $1.60 dividend on an annualized basis and a dividend yield of 0.89%. The ex-dividend date of this dividend is Tuesday, December 17th. Universal Display’s dividend payout ratio (DPR) is currently 32.13%.

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.