Universal Display Co. (OLED) To Go Ex-Dividend on December 17th

Universal Display Co. (NASDAQ:OLED) announced a quarterly dividend on Tuesday, October 29th,Zacks Dividends reports. Shareholders of record on Tuesday, December 17th will be paid a dividend of 0.40 per share by the semiconductor company on Tuesday, December 31st. This represents a $1.60 dividend on an annualized basis and a yield of 0.98%. The ex-dividend date is Tuesday, December 17th.

Universal Display has raised its dividend by an average of 32.6% per year over the last three years. Universal Display has a payout ratio of 29.9% meaning its dividend is sufficiently covered by earnings. Equities research analysts expect Universal Display to earn $4.85 per share next year, which means the company should continue to be able to cover its $1.60 annual dividend with an expected future payout ratio of 33.0%.

Universal Display Trading Up 1.1 %

Shares of OLED opened at $162.80 on Friday. The firm has a market capitalization of $7.73 billion, a price-to-earnings ratio of 32.69, a PEG ratio of 1.74 and a beta of 1.39. The firm’s fifty day simple moving average is $181.26 and its 200-day simple moving average is $194.21. Universal Display has a twelve month low of $148.75 and a twelve month high of $237.00.

Universal Display (NASDAQ:OLED) last announced its quarterly earnings results on Wednesday, October 30th. The semiconductor company reported $1.40 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $1.19 by $0.21. The firm had revenue of $161.63 million during the quarter, compared to the consensus estimate of $165.28 million. Universal Display had a return on equity of 15.75% and a net margin of 36.98%. The firm’s quarterly revenue was up 14.6% compared to the same quarter last year. During the same period in the prior year, the company posted $1.08 earnings per share. On average, analysts predict that Universal Display will post 4.8 earnings per share for the current fiscal year.

Insider Buying and Selling at Universal Display

In related news, Director Lawrence Lacerte acquired 742 shares of the firm’s stock in a transaction that occurred 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 purchase, the director now directly owns 122,372 shares in the company, valued at approximately $22,135,871.08. The trade was a 0.61 % increase in their ownership of the stock. The purchase was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. Insiders own 1.90% of the company’s stock.

Analyst Ratings Changes

A number of analysts recently weighed in on OLED shares. TD Cowen decreased their price target on shares of Universal Display from $250.00 to $225.00 and set a “buy” rating for the company in a research note on Thursday, October 31st. Needham & Company LLC decreased their target price on shares of Universal Display from $242.00 to $215.00 and set a “buy” rating for the company in a research note on Thursday, October 31st. Finally, Oppenheimer dropped their price target on Universal Display from $240.00 to $220.00 and set an “outperform” rating on the stock in a research report on Thursday, October 31st. Two investment analysts have rated the stock with a hold rating and six have issued a buy rating to the company’s stock. Based on data from MarketBeat.com, the company has a consensus rating of “Moderate Buy” and a consensus price target of $215.63.

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.