Brokerages Set Universal Display Co. (NASDAQ:OLED) Target Price at $207.86

Universal Display Co. (NASDAQ:OLED) has earned an average rating of “Moderate Buy” from 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 given a buy rating to the company. The average 1 year price objective among analysts that have updated their coverage on the stock in the last year is $207.86.

Several research firms have weighed in on OLED. TD Cowen lowered their price objective on shares of Universal Display from $250.00 to $225.00 and set a “buy” rating on the stock in a report on Thursday, October 31st. Oppenheimer lowered their target price on shares of Universal Display from $220.00 to $200.00 and set an “outperform” rating on the stock in a report on Thursday, January 2nd. Finally, Needham & Company LLC reiterated a “buy” rating and set a $215.00 price target on shares of Universal Display in a research note on Thursday.

Insider Buying and Selling at Universal Display

In other Universal Display news, Director Lawrence Lacerte acquired 742 shares of the business’s stock in a transaction on Monday, November 4th. The shares were acquired at an average price of $180.89 per share, with a total value of $134,220.38. Following the completion of the transaction, the director now owns 122,372 shares in the company, valued at approximately $22,135,871.08. This trade represents a 0.61 % increase in their ownership of the stock. The acquisition was disclosed in a document filed with the SEC, which is accessible through this link. Company insiders own 1.90% of the company’s stock.

Institutional Investors Weigh In On Universal Display

A number of hedge funds have recently made changes to their positions in the business. Kayne Anderson Rudnick Investment Management LLC bought a new position in Universal Display during the second quarter valued at about $127,668,000. Citigroup Inc. grew its position in shares of Universal Display by 1,387.6% during the 3rd quarter. Citigroup Inc. now owns 261,723 shares of the semiconductor company’s stock valued at $54,936,000 after acquiring an additional 244,129 shares during the period. Raymond James & Associates grew its position in shares of Universal Display by 629.9% during the 3rd quarter. Raymond James & Associates now owns 269,414 shares of the semiconductor company’s stock valued at $56,550,000 after acquiring an additional 232,503 shares during the period. Barclays PLC increased its stake in shares of Universal Display by 753.8% during the 3rd quarter. Barclays PLC now owns 212,518 shares of the semiconductor company’s stock worth $44,608,000 after purchasing an additional 187,627 shares during the last quarter. Finally, CloudAlpha Capital Management Limited Hong Kong bought a new stake in shares of Universal Display in the 2nd quarter worth approximately $34,558,000. 78.19% of the stock is currently owned by institutional investors.

Universal Display Price Performance

Shares of Universal Display stock opened at $149.24 on Monday. The business has a 50-day simple moving average of $157.11 and a 200 day simple moving average of $186.25. The firm has a market capitalization of $7.08 billion, a price-to-earnings ratio of 29.97, a PEG ratio of 1.62 and a beta of 1.40. Universal Display has a one year low of $143.25 and a one year high of $237.00.

Universal Display (NASDAQ:OLED) last released its quarterly earnings data on Wednesday, October 30th. The semiconductor company reported $1.40 EPS for the quarter, beating the consensus estimate of $1.19 by $0.21. Universal Display had a return on equity of 15.75% and a net margin of 36.98%. The firm had revenue of $161.63 million during the quarter, compared to the consensus estimate of $165.28 million. During the same quarter in the previous year, the company posted $1.08 earnings per share. The company’s quarterly revenue was up 14.6% on a year-over-year basis. On average, sell-side analysts expect that Universal Display will post 4.77 EPS for the current year.

Universal Display Announces Dividend

The company also recently declared a quarterly dividend, which was paid on Tuesday, December 31st. Investors of record on Tuesday, December 17th were issued a dividend of $0.40 per share. This represents a $1.60 annualized dividend and a yield of 1.07%. The ex-dividend date was Tuesday, December 17th. Universal Display’s dividend payout ratio (DPR) is presently 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.