Universal Display Co. (NASDAQ:OLED) Receives $190.43 Average PT from Brokerages

Universal Display Co. (NASDAQ:OLED) has received an average rating of “Moderate Buy” from the seven ratings firms that are currently covering the firm, Marketbeat Ratings reports. Two investment analysts have rated the stock with a hold recommendation and five have issued a buy recommendation on the company. The average 1 year price objective among analysts that have issued a report on the stock in the last year is $190.43.

A number of research analysts recently weighed in on the stock. Citigroup reduced their price objective on shares of Universal Display from $200.00 to $162.00 and set a “neutral” rating for the company in a research note on Monday, February 10th. Oppenheimer reduced their price objective on shares of Universal Display from $220.00 to $200.00 and set an “outperform” rating for the company in a research note on Thursday, January 2nd. StockNews.com lowered shares of Universal Display from a “hold” rating to a “sell” rating in a research note on Friday. Roth Mkm lifted their price objective on shares of Universal Display from $207.00 to $213.00 and gave the company a “buy” rating in a research note on Friday, February 21st. Finally, Susquehanna reduced their price objective on shares of Universal Display from $165.00 to $160.00 and set a “neutral” rating for the company in a research note on Friday, February 21st.

Institutional Inflows and Outflows

Several hedge funds and other institutional investors have recently added to or reduced their stakes in OLED. Assetmark Inc. purchased a new position in Universal Display in the third quarter worth $29,000. Orion Capital Management LLC purchased a new position in Universal Display in the fourth quarter worth $29,000. Brooklyn Investment Group purchased a new position in Universal Display in the third quarter worth $30,000. Brown Brothers Harriman & Co. grew its position in 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 acquiring an additional 154 shares in the last quarter. Finally, Nisa Investment Advisors LLC grew its position in Universal Display by 60.2% in the third quarter. Nisa Investment Advisors LLC now owns 173 shares of the semiconductor company’s stock worth $36,000 after acquiring an additional 65 shares in the last quarter. 78.19% of the stock is currently owned by hedge funds and other institutional investors.

Universal Display Trading Up 6.4 %

NASDAQ:OLED opened at $159.74 on Tuesday. The stock has a market capitalization of $7.58 billion, a PE ratio of 34.35, a price-to-earnings-growth ratio of 1.61 and a beta of 1.40. The firm’s 50 day moving average is $148.72 and its 200 day moving average is $172.09. Universal Display has a 12 month low of $140.17 and a 12 month high of $237.00.

Universal Display (NASDAQ:OLED) last posted its quarterly earnings results on Thursday, February 20th. The semiconductor company reported $1.22 EPS for the quarter, topping analysts’ consensus estimates of $1.08 by $0.14. The company had revenue of $162.29 million for the quarter, compared to analysts’ expectations of $152.75 million. Universal Display had a net margin of 34.29% and a return on equity of 15.51%. Research analysts predict that Universal Display will post 4.71 earnings per share for the current year.

Universal Display Increases Dividend

The company also recently declared a quarterly dividend, which will be paid on Monday, March 31st. Stockholders of record on Monday, March 17th will be given a dividend of $0.45 per share. This is a positive change from Universal Display’s previous quarterly dividend of $0.40. This represents a $1.80 dividend on an annualized basis and a dividend yield of 1.13%. The ex-dividend date of this dividend is Monday, March 17th. Universal Display’s payout ratio is 38.71%.

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.