Universal Display (NASDAQ:OLED) Given New $217.00 Price Target at Roth Mkm

Universal Display (NASDAQ:OLED) had its price objective raised by Roth Mkm from $189.00 to $217.00 in a research note published on Friday morning, Benzinga reports. The firm currently has a buy rating on the semiconductor company’s stock.

Several other research analysts have also commented on OLED. The Goldman Sachs Group raised their price target on shares of Universal Display from $208.00 to $243.00 and gave the company a buy rating in a report on Thursday, July 18th. Needham & Company LLC raised their price target on shares of Universal Display from $198.00 to $242.00 and gave the company a buy rating in a report on Tuesday, July 2nd. Susquehanna lifted their price objective on shares of Universal Display from $170.00 to $175.00 and gave the company a neutral rating in a research note on Friday. Oppenheimer lifted their price objective on shares of Universal Display from $200.00 to $250.00 and gave the company an outperform rating in a research note on Wednesday, July 3rd. Finally, TD Cowen lifted their price objective on shares of Universal Display from $210.00 to $250.00 and gave the company a buy rating in a research note on Friday. Three investment analysts have rated the stock with a hold rating and six have issued a buy rating to the company’s stock. According to MarketBeat.com, Universal Display currently has an average rating of Moderate Buy and an average price target of $225.88.

Universal Display Stock Down 19.0 %

Shares of OLED stock traded down $40.39 during trading hours on Friday, hitting $172.28. 1,293,682 shares of the company were exchanged, compared to its average volume of 426,508. The firm has a market cap of $8.17 billion, a PE ratio of 37.45, a PEG ratio of 2.29 and a beta of 1.42. Universal Display has a 1 year low of $133.67 and a 1 year high of $237.00. The firm has a fifty day moving average of $207.25 and a 200 day moving average of $182.81.

Universal Display (NASDAQ:OLED) last posted its quarterly earnings results on Thursday, August 1st. The semiconductor company reported $1.10 EPS for the quarter, missing the consensus estimate of $1.14 by ($0.04). Universal Display had a net margin of 35.74% and a return on equity of 15.48%. The business had revenue of $158.50 million during the quarter, compared to analysts’ expectations of $159.46 million. During the same quarter in the previous year, the business posted $1.04 EPS. The company’s quarterly revenue was up 8.1% on a year-over-year basis. Analysts expect that Universal Display will post 4.78 earnings per share for the current year.

Universal Display Announces Dividend

The business also recently declared a quarterly dividend, which will be paid on Monday, September 30th. Stockholders of record on Monday, September 16th will be given a dividend of $0.40 per share. This represents a $1.60 dividend on an annualized basis and a dividend yield of 0.93%. The ex-dividend date of this dividend is Monday, September 16th. Universal Display’s payout ratio is currently 34.78%.

Insider Transactions at Universal Display

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

Hedge Funds Weigh In On Universal Display

Hedge funds have recently added to or reduced their stakes in the business. Benjamin F. Edwards & Company Inc. acquired a new position in Universal Display in the fourth quarter worth $25,000. ORG Partners LLC acquired a new position in Universal Display in the first quarter worth $27,000. Principal Securities Inc. acquired a new position in Universal Display in the fourth quarter worth $34,000. Tsfg LLC acquired a new position in Universal Display in the first quarter worth $34,000. Finally, University of Texas Texas AM Investment Managment Co. acquired a new position in Universal Display in the fourth quarter worth $35,000. Institutional investors and hedge funds own 78.19% of the company’s stock.

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.