Universal Display (NASDAQ:OLED) Given New $160.00 Price Target at Susquehanna

Universal Display (NASDAQ:OLED) had its target price decreased by Susquehanna from $165.00 to $160.00 in a report released on Friday morning,Benzinga reports. Susquehanna currently has a neutral rating on the semiconductor company’s stock.

A number of other research analysts also recently commented on OLED. Needham & Company LLC lowered their price objective on shares of Universal Display from $215.00 to $170.00 and set a “buy” rating on the stock in a research report on Friday. Oppenheimer lowered their price target 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. The Goldman Sachs Group cut their price objective on Universal Display from $234.00 to $203.00 and set a “buy” rating for the company in a report on Thursday, February 6th. Citigroup lowered their target price on Universal Display from $200.00 to $162.00 and set a “neutral” rating on the stock in a research note on Monday, February 10th. Finally, TD Cowen dropped their target price on Universal Display from $250.00 to $225.00 and set a “buy” rating on the stock in a research report on Thursday, October 31st. Two research analysts have rated the stock with a hold rating and five have issued a buy rating to the company. Based on data from MarketBeat, the company currently has a consensus rating of “Moderate Buy” and a consensus target price of $190.43.

Universal Display Stock Up 6.8 %

OLED opened at $157.30 on Friday. The firm has a market capitalization of $7.47 billion, a P/E ratio of 33.83, a PEG ratio of 1.61 and a beta of 1.39. The stock has a fifty day moving average of $148.41 and a 200-day moving average of $173.75. Universal Display has a 12-month low of $140.17 and a 12-month high of $237.00.

Universal Display (NASDAQ:OLED) last announced its quarterly earnings data on Thursday, February 20th. The semiconductor company reported $1.22 earnings per share (EPS) for the quarter, topping the consensus estimate of $1.08 by $0.14. Universal Display had a return on equity of 15.51% and a net margin of 34.29%. The firm had revenue of $162.29 million during the quarter, compared to the consensus estimate of $152.75 million. On average, analysts expect that Universal Display will post 4.71 earnings per share for the current fiscal year.

Universal Display Increases Dividend

The firm also recently announced a quarterly dividend, which will be paid on Monday, March 31st. Shareholders of record on Monday, March 17th will be given a dividend of $0.45 per share. This represents a $1.80 annualized dividend and a yield of 1.14%. This is an increase from Universal Display’s previous quarterly dividend of $0.40. The ex-dividend date of this dividend is Monday, March 17th. Universal Display’s dividend payout ratio is presently 34.41%.

Institutional Trading of Universal Display

A number of institutional investors and hedge funds have recently made changes to their positions in the stock. Assetmark Inc. bought a new position in shares of Universal Display in the 3rd quarter valued at approximately $29,000. Brooklyn Investment Group acquired a new position in Universal Display during the third quarter valued at approximately $30,000. True Wealth Design LLC bought a new position in shares of Universal Display in the third quarter valued at approximately $36,000. Nisa Investment Advisors LLC lifted its stake in shares of 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 buying an additional 65 shares during the last quarter. Finally, Orion Capital Management LLC bought a new stake in shares of Universal Display during the 4th quarter worth $29,000. 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.