Universal Display Co. (NASDAQ:OLED) Receives $199.86 Average PT from Brokerages

Universal Display Co. (NASDAQ:OLED) has been given a consensus recommendation of “Moderate Buy” by the seven ratings firms that are covering the firm, Marketbeat.com reports. One research analyst has rated the stock with a hold recommendation and six have assigned a buy recommendation to the company. The average 1 year price objective among analysts that have issued a report on the stock in the last year is $199.86.

Separately, Needham & Company LLC reaffirmed a “buy” rating and issued a $198.00 price target on shares of Universal Display in a research report on Friday, May 3rd.

Universal Display Price Performance

OLED stock opened at $210.25 on Thursday. The company’s 50-day moving average is $181.10 and its 200-day moving average is $176.60. Universal Display has a 1 year low of $133.67 and a 1 year high of $212.46. The stock has a market capitalization of $9.97 billion, a PE ratio of 45.71, a price-to-earnings-growth ratio of 2.25 and a beta of 1.47.

Universal Display (NASDAQ:OLED) last announced its quarterly earnings data on Thursday, May 2nd. The semiconductor company reported $1.19 EPS for the quarter, beating analysts’ consensus estimates of $1.05 by $0.14. Universal Display had a return on equity of 15.57% and a net margin of 36.00%. The firm had revenue of $165.26 million during the quarter, compared to analysts’ expectations of $150.75 million. During the same quarter last year, the firm posted $0.83 earnings per share. The company’s revenue for the quarter was up 26.7% compared to the same quarter last year. On average, analysts anticipate that Universal Display will post 4.75 earnings per share for the current fiscal year.

Universal Display Dividend Announcement

The firm also recently announced a quarterly dividend, which was paid on Friday, June 28th. Stockholders of record on Friday, June 14th were issued a $0.40 dividend. This represents a $1.60 annualized dividend and a dividend yield of 0.76%. The ex-dividend date of this dividend was Friday, June 14th. Universal Display’s dividend payout ratio is presently 34.78%.

Insiders Place Their Bets

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

Hedge Funds Weigh In On Universal Display

Several hedge funds have recently made changes to their positions in the stock. Norges Bank bought a new position in Universal Display in the 4th quarter valued at $101,088,000. Janus Henderson Group PLC increased its position in shares of Universal Display by 66.6% in the first quarter. Janus Henderson Group PLC now owns 434,029 shares of the semiconductor company’s stock worth $73,099,000 after purchasing an additional 173,496 shares during the last quarter. AEGON ASSET MANAGEMENT UK Plc purchased a new stake in Universal Display in the fourth quarter valued at approximately $29,797,000. Albar Capital Ltd lifted its position in Universal Display by 2,888.4% during the third quarter. Albar Capital Ltd now owns 157,728 shares of the semiconductor company’s stock valued at $24,762,000 after purchasing an additional 152,450 shares during the last quarter. Finally, TimesSquare Capital Management LLC grew its stake in Universal Display by 327.5% in the 4th quarter. TimesSquare Capital Management LLC now owns 198,899 shares of the semiconductor company’s stock worth $38,041,000 after buying an additional 152,374 shares in the last quarter. 78.19% of the stock is currently owned by hedge funds and other institutional investors.

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.