Universal Display Co. (NASDAQ:OLED) Receives Consensus Rating of “Moderate Buy” from Brokerages

Shares of Universal Display Co. (NASDAQ:OLED) have been assigned a consensus rating of “Moderate Buy” from the seven research firms that are covering the company, MarketBeat.com reports. Two research analysts have rated the stock with a hold rating and five have given a buy rating to the company. The average 1 year price objective among brokerages that have updated their coverage on the stock in the last year is $190.43.

Several analysts have weighed in on OLED shares. Roth Mkm boosted their price target on shares of Universal Display from $207.00 to $213.00 and gave the stock a “buy” rating in a research note on Friday, February 21st. StockNews.com downgraded shares of Universal Display from a “hold” rating to a “sell” rating in a research note on Friday. Needham & Company LLC lowered their price objective on shares of Universal Display from $215.00 to $170.00 and set a “buy” rating for the company in a research note on Friday, February 21st. Oppenheimer lowered their price objective on shares of Universal Display from $220.00 to $200.00 and set an “outperform” rating for the company in a research note on Thursday, January 2nd. Finally, Susquehanna lowered their price objective on shares of Universal Display from $165.00 to $160.00 and set a “neutral” rating for the company in a research note on Friday, February 21st.

Universal Display Stock Up 6.4 %

Universal Display stock opened at $159.74 on Tuesday. The company has a market capitalization of $7.58 billion, a PE ratio of 34.35, a P/E/G ratio of 1.61 and a beta of 1.40. The firm has a fifty day simple moving average of $148.72 and a two-hundred day simple moving average of $172.09. Universal Display has a twelve month low of $140.17 and a twelve month high of $237.00.

Universal Display (NASDAQ:OLED) last posted its quarterly earnings results 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. The business had revenue of $162.29 million during the quarter, compared to the consensus estimate of $152.75 million. Universal Display had a net margin of 34.29% and a return on equity of 15.51%. As a group, equities analysts expect that Universal Display will post 4.71 earnings per share for the current fiscal year.

Universal Display Increases Dividend

The business also recently declared a quarterly dividend, which will be paid on Monday, March 31st. Investors of record on Monday, March 17th will be given a dividend of $0.45 per share. The ex-dividend date is Monday, March 17th. This represents a $1.80 annualized dividend and a dividend yield of 1.13%. This is a boost from Universal Display’s previous quarterly dividend of $0.40. Universal Display’s payout ratio is currently 38.71%.

Hedge Funds Weigh In On Universal Display

Hedge funds and other institutional investors have recently modified their holdings of the stock. Assetmark Inc. purchased a new position in shares of Universal Display during the third quarter valued at about $29,000. Brooklyn Investment Group purchased a new position in shares of Universal Display during the third quarter valued at about $30,000. True Wealth Design LLC purchased a new stake in Universal Display in the third quarter worth about $36,000. Nisa Investment Advisors LLC grew its holdings in Universal Display by 60.2% in the third quarter. Nisa Investment Advisors LLC now owns 173 shares of the semiconductor company’s stock worth $36,000 after purchasing an additional 65 shares during the period. Finally, Orion Capital Management LLC purchased a new stake in Universal Display in the fourth quarter worth about $29,000. Hedge funds and other institutional investors 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.