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

Universal Display Co. (NASDAQ:OLED) has been assigned a consensus recommendation of “Moderate Buy” from the seven research firms that are presently covering the stock, Marketbeat.com reports. One research analyst has rated the stock with a hold recommendation and six have assigned a buy recommendation to the company. The average 1-year price objective among brokerages that have issued ratings on the stock in the last year is $221.57.

OLED has been the subject of a number of analyst reports. Oppenheimer increased their target price on shares of Universal Display from $200.00 to $250.00 and gave the company an “outperform” rating in a research report on Wednesday, July 3rd. The Goldman Sachs Group increased their target price on shares of Universal Display from $208.00 to $243.00 and gave the company a “buy” rating in a research report on Thursday, July 18th. Finally, Needham & Company LLC upped their price target on shares of Universal Display from $198.00 to $242.00 and gave the company a “buy” rating in a research note on Tuesday, July 2nd.

Insider Activity at Universal Display

In other Universal Display news, SVP Mauro Premutico sold 8,202 shares of Universal Display stock in a transaction dated Tuesday, May 7th. The stock was sold at an average price of $176.82, for a total transaction of $1,450,277.64. Following the completion of the transaction, the senior vice president now owns 28,743 shares in the company, valued at approximately $5,082,337.26. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. In related news, EVP Julia J. Brown sold 10,358 shares of the firm’s stock in a transaction on Wednesday, May 8th. The shares were sold at an average price of $175.00, for a total transaction of $1,812,650.00. Following the sale, the executive vice president now owns 56,624 shares in the company, valued at $9,909,200. The transaction was disclosed in a document filed with the SEC, which can be accessed through this link. Also, SVP Mauro Premutico sold 8,202 shares of the company’s stock in a transaction dated Tuesday, May 7th. The stock was sold at an average price of $176.82, for a total transaction of $1,450,277.64. Following the completion of the transaction, the senior vice president now owns 28,743 shares of the company’s stock, valued at approximately $5,082,337.26. The disclosure for this sale can be found here. 1.90% of the stock is currently owned by insiders.

Hedge Funds Weigh In On Universal Display

Several institutional investors and hedge funds have recently modified their holdings of OLED. Benjamin F. Edwards & Company Inc. acquired a new stake in Universal Display in the fourth quarter valued at approximately $25,000. ORG Partners LLC purchased a new position in shares of Universal Display during the 1st quarter valued at approximately $27,000. Principal Securities Inc. purchased a new stake in shares of Universal Display during the fourth quarter worth about $34,000. Tsfg LLC acquired a new stake in Universal Display in the 1st quarter worth about $34,000. Finally, University of Texas Texas AM Investment Managment Co. purchased a new position in shares of Universal Display in the fourth quarter valued at approximately $35,000. Hedge funds and other institutional investors own 78.19% of the company’s stock.

Universal Display Stock Performance

Shares of OLED opened at $228.39 on Monday. Universal Display has a fifty-two week low of $133.67 and a fifty-two week high of $237.00. The company has a 50 day moving average price of $203.77 and a 200-day moving average price of $181.66. The stock has a market capitalization of $10.83 billion, a PE ratio of 49.65, a PEG ratio of 2.41 and a beta of 1.42.

Universal Display (NASDAQ:OLED) last posted its earnings results on Thursday, May 2nd. The semiconductor company reported $1.19 EPS for the quarter, beating analysts’ consensus estimates of $1.05 by $0.14. Universal Display had a net margin of 36.00% and a return on equity of 15.57%. The company had revenue of $165.26 million during the quarter, compared to analysts’ expectations of $150.75 million. During the same quarter in the prior year, the company posted $0.83 earnings per share. Universal Display’s revenue for the quarter was up 26.7% compared to the same quarter last year. Equities research analysts forecast that Universal Display will post 4.78 EPS for the current year.

Universal Display Dividend Announcement

The firm also recently announced a quarterly dividend, which was paid on Friday, June 28th. Investors of record on Friday, June 14th were issued a dividend of $0.40 per share. The ex-dividend date was Friday, June 14th. This represents a $1.60 annualized dividend and a dividend yield of 0.70%. Universal Display’s dividend payout ratio (DPR) is presently 34.78%.

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.