Universal Display Co. (NASDAQ:OLED) Given Average Rating of “Moderate Buy” by Analysts

Universal Display Co. (NASDAQ:OLED) has been assigned an average recommendation of “Moderate Buy” from the seven ratings firms that are covering the firm, Marketbeat Ratings reports. Two equities research analysts have rated the stock with a hold recommendation and five have given a buy recommendation to the company. The average twelve-month target price among brokerages that have updated their coverage on the stock in the last year is $210.71.

A number of research analysts have recently issued reports on the company. Needham & Company LLC cut their price target on Universal Display from $242.00 to $215.00 and set a “buy” rating on the stock in a report on Thursday, October 31st. Oppenheimer reduced their target price on shares of Universal Display from $240.00 to $220.00 and set an “outperform” rating for the company in a report on Thursday, October 31st. Finally, TD Cowen lowered their price target 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.

Universal Display Price Performance

Shares of NASDAQ OLED opened at $151.44 on Thursday. Universal Display has a 1 year low of $148.09 and a 1 year high of $237.00. The firm has a 50-day simple moving average of $174.62 and a two-hundred day simple moving average of $193.24. The company has a market cap of $7.19 billion, a P/E ratio of 30.41, a PEG ratio of 1.74 and a beta of 1.40.

Universal Display (NASDAQ:OLED) last posted its quarterly earnings results on Wednesday, October 30th. The semiconductor company reported $1.40 EPS for the quarter, topping the consensus estimate 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 quarter last year, the firm posted $1.08 EPS. The firm’s revenue was up 14.6% compared to the same quarter last year. As a group, equities research analysts expect that Universal Display will post 4.8 EPS for the current year.

Universal Display Announces Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Tuesday, December 31st. Stockholders 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 1.06%. The ex-dividend date is Tuesday, December 17th. Universal Display’s dividend payout ratio is presently 32.13%.

Insider Buying and Selling

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

Institutional Trading of Universal Display

Hedge funds have recently added to or reduced their stakes in the company. Assetmark Inc. acquired a new position in shares of Universal Display during the 3rd quarter worth approximately $29,000. Brooklyn Investment Group purchased a new stake in Universal Display in the 3rd quarter worth $30,000. V Square Quantitative Management LLC acquired a new position in Universal Display during the third quarter worth $31,000. Nisa Investment Advisors LLC lifted its holdings in Universal Display by 60.2% during the third quarter. Nisa Investment Advisors LLC now owns 173 shares of the semiconductor company’s stock valued at $36,000 after purchasing an additional 65 shares in the last quarter. Finally, True Wealth Design LLC acquired a new stake in shares of Universal Display in the third quarter valued at about $36,000. 78.19% of the stock is owned by hedge funds and other institutional investors.

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.