Universal Display (NASDAQ:OLED) Upgraded at StockNews.com

StockNews.com upgraded shares of Universal Display (NASDAQ:OLED) from a sell rating to a hold rating in a research report sent to investors on Friday morning.

A number of other research analysts have also recently weighed in on the stock. Citigroup dropped their target price on shares of Universal Display from $200.00 to $162.00 and set a “neutral” rating on the stock in a research note on Monday, February 10th. Susquehanna decreased their price target on shares of Universal Display from $165.00 to $160.00 and set a “neutral” rating on the stock in a report on Friday, February 21st. Oppenheimer decreased 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. Needham & Company LLC decreased their price target on shares of Universal Display from $215.00 to $170.00 and set a “buy” rating on the stock in a report on Friday, February 21st. Finally, The Goldman Sachs Group cut their price objective on shares of Universal Display from $234.00 to $203.00 and set a “buy” rating for the company in a research note on Thursday, February 6th. Three research analysts have rated the stock with a hold rating and five have assigned a buy rating to the company. According to data from MarketBeat.com, the company has a consensus rating of “Moderate Buy” and an average target price of $190.43.

Universal Display Stock Down 1.9 %

Shares of NASDAQ OLED opened at $148.50 on Friday. Universal Display has a twelve month low of $140.17 and a twelve month high of $237.00. The firm has a fifty day simple moving average of $149.09 and a 200 day simple moving average of $169.28. The company has a market capitalization of $7.05 billion, a PE ratio of 31.94, a P/E/G ratio of 1.61 and a beta of 1.40.

Universal Display (NASDAQ:OLED) last posted its quarterly earnings results on Thursday, February 20th. The semiconductor company reported $1.22 earnings per share for the quarter, beating the consensus estimate of $1.08 by $0.14. The firm had revenue of $162.29 million during the quarter, compared to the consensus estimate of $152.75 million. Universal Display had a net margin of 34.29% and a return on equity of 15.51%. As a group, equities 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 disclosed a quarterly dividend, which will be paid on Monday, March 31st. Investors of record on Monday, March 17th will be issued a $0.45 dividend. This is an increase from Universal Display’s previous quarterly dividend of $0.40. The ex-dividend date is Monday, March 17th. This represents a $1.80 dividend on an annualized basis and a dividend yield of 1.21%. Universal Display’s dividend payout ratio (DPR) is presently 38.71%.

Hedge Funds Weigh In On Universal Display

Several large investors have recently added to or reduced their stakes in the company. Orion Capital Management LLC purchased a new stake in Universal Display during the fourth quarter valued at $29,000. Brooklyn Investment Group bought a new position in shares of Universal Display in the third quarter worth about $30,000. Brown Brothers Harriman & Co. grew its holdings in shares of Universal Display by 280.0% in the fourth quarter. Brown Brothers Harriman & Co. now owns 209 shares of the semiconductor company’s stock worth $31,000 after purchasing an additional 154 shares during the last quarter. True Wealth Design LLC bought a new position in shares of Universal Display in the third quarter worth about $36,000. Finally, Blue Trust Inc. grew its holdings in shares of Universal Display by 401.9% in the fourth quarter. Blue Trust Inc. now owns 261 shares of the semiconductor company’s stock worth $38,000 after purchasing an additional 209 shares during the last quarter. Hedge funds and other institutional investors 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.