Universal Display Co. (NASDAQ:OLED) Receives Average Recommendation of “Moderate Buy” from Analysts

Universal Display Co. (NASDAQ:OLED) has earned an average rating of “Moderate Buy” from the six ratings firms that are presently covering the firm, Marketbeat Ratings reports. One investment analyst has rated the stock with a hold recommendation and five have given a buy recommendation to the company. The average 1 year target price among brokerages that have covered the stock in the last year is $212.50.

A number of research analysts recently weighed in on the stock. Needham & Company LLC restated a “buy” rating and set a $215.00 price objective on shares of Universal Display in a research report on Thursday. Oppenheimer lowered their price target on Universal Display from $220.00 to $200.00 and set an “outperform” rating on the stock in a report on Thursday, January 2nd. Finally, TD Cowen cut their price objective on Universal Display from $250.00 to $225.00 and set a “buy” rating for the company in a report on Thursday, October 31st.

Insider Activity at Universal Display

In other news, Director Lawrence Lacerte acquired 742 shares of Universal Display stock in a transaction dated Monday, November 4th. The stock was purchased at an average cost 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. 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 available through this hyperlink. 1.90% of the stock is owned by company insiders.

Institutional Inflows and Outflows

Several hedge funds have recently bought and sold shares of OLED. Assetmark Inc. bought a new stake in shares of Universal Display during the third quarter valued at approximately $29,000. Brooklyn Investment Group purchased a new stake in Universal Display during the third quarter valued at $30,000. V Square Quantitative Management LLC purchased a new position in shares of Universal Display in the 3rd quarter worth $31,000. True Wealth Design LLC bought a new stake in shares of Universal Display in the 3rd quarter worth about $36,000. Finally, Nisa Investment Advisors LLC raised its position in shares of Universal Display by 60.2% during the 3rd quarter. Nisa Investment Advisors LLC now owns 173 shares of the semiconductor company’s stock valued at $36,000 after buying an additional 65 shares in the last quarter. Institutional investors own 78.19% of the company’s stock.

Universal Display Stock Up 1.4 %

Shares of NASDAQ OLED opened at $149.24 on Monday. The company has a 50 day moving average of $157.11 and a 200 day moving average of $185.84. Universal Display has a twelve month low of $143.25 and a twelve month high of $237.00. The firm has a market cap of $7.08 billion, a P/E ratio of 29.97, a PEG ratio of 1.62 and a beta of 1.40.

Universal Display (NASDAQ:OLED) last released its quarterly earnings data on Wednesday, October 30th. The semiconductor company reported $1.40 EPS for the quarter, beating the consensus estimate of $1.19 by $0.21. The company had revenue of $161.63 million for the quarter, compared to analysts’ expectations of $165.28 million. Universal Display had a return on equity of 15.75% and a net margin of 36.98%. Universal Display’s revenue was up 14.6% compared to the same quarter last year. During the same period last year, the firm posted $1.08 earnings per share. As a group, equities analysts expect that Universal Display will post 4.77 earnings per share for the current fiscal year.

Universal Display Announces Dividend

The business also recently announced a quarterly dividend, which was paid on Tuesday, December 31st. Investors of record on Tuesday, December 17th were issued a $0.40 dividend. The ex-dividend date was Tuesday, December 17th. This represents a $1.60 dividend on an annualized basis and a yield of 1.07%. Universal Display’s dividend payout ratio is currently 32.13%.

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.