Universal Display Co. (NASDAQ:OLED) Receives $225.88 Consensus Price Target from Analysts

Shares of Universal Display Co. (NASDAQ:OLED) have earned an average recommendation of “Moderate Buy” from the eight brokerages that are currently covering the firm, MarketBeat Ratings reports. Two investment analysts have rated the stock with a hold rating and six have given a buy rating to the company. The average 12-month target price among brokers that have updated their coverage on the stock in the last year is $215.63.

OLED has been the subject of several research analyst reports. Roth Mkm upped their price target on shares of Universal Display from $189.00 to $217.00 and gave the company a “buy” rating in a research report on Friday, August 2nd. Oppenheimer dropped their price objective on shares of Universal Display from $240.00 to $220.00 and set an “outperform” rating on the stock in a research note on Thursday. Needham & Company LLC dropped their price objective on shares of Universal Display from $242.00 to $215.00 and set a “buy” rating on the stock in a research note on Thursday. Susquehanna upped their price objective on shares of Universal Display from $170.00 to $175.00 and gave the company a “neutral” rating in a research note on Friday, August 2nd. Finally, TD Cowen dropped their price objective on shares of Universal Display from $250.00 to $225.00 and set a “buy” rating on the stock in a research note on Thursday.

Institutional Inflows and Outflows

A number of hedge funds and other institutional investors have recently bought and sold shares of OLED. State of Michigan Retirement System grew its stake in Universal Display by 2.9% in the 1st quarter. State of Michigan Retirement System now owns 10,705 shares of the semiconductor company’s stock valued at $1,803,000 after buying an additional 300 shares during the last quarter. Private Advisor Group LLC grew its stake in Universal Display by 133.4% in the 1st quarter. Private Advisor Group LLC now owns 5,513 shares of the semiconductor company’s stock valued at $929,000 after buying an additional 3,151 shares during the last quarter. GSA Capital Partners LLP bought a new stake in Universal Display in the 1st quarter valued at $714,000. Geneos Wealth Management Inc. boosted its holdings in Universal Display by 210.7% in the 1st quarter. Geneos Wealth Management Inc. now owns 233 shares of the semiconductor company’s stock valued at $39,000 after purchasing an additional 158 shares during the period. Finally, Texas Permanent School Fund Corp boosted its holdings in Universal Display by 1.3% in the 1st quarter. Texas Permanent School Fund Corp now owns 38,131 shares of the semiconductor company’s stock valued at $6,423,000 after purchasing an additional 493 shares during the period. 78.19% of the stock is currently owned by institutional investors and hedge funds.

Universal Display Stock Performance

Shares of NASDAQ:OLED opened at $180.25 on Wednesday. The company has a market cap of $8.55 billion, a PE ratio of 36.19, a price-to-earnings-growth ratio of 2.17 and a beta of 1.42. Universal Display has a 52 week low of $138.60 and a 52 week high of $237.00. The firm has a 50 day simple moving average of $201.32 and a 200 day simple moving average of $193.94.

Universal Display (NASDAQ:OLED) last issued its quarterly earnings results on Wednesday, October 30th. The semiconductor company reported $1.40 EPS for the quarter, beating the consensus estimate of $1.20 by $0.20. The business had revenue of $161.63 million during the quarter, compared to the consensus estimate of $165.28 million. Universal Display had a net margin of 36.98% and a return on equity of 16.01%. The firm’s quarterly revenue was up 14.6% on a year-over-year basis. During the same quarter in the prior year, the firm earned $1.08 EPS. On average, equities analysts predict that Universal Display will post 4.81 earnings per share for the current year.

Universal Display Announces Dividend

The company also recently announced a quarterly dividend, which will be paid on Tuesday, December 31st. Investors of record on Tuesday, December 17th will be paid a $0.40 dividend. The ex-dividend date of this dividend is Tuesday, December 17th. This represents a $1.60 dividend on an annualized basis and a yield of 0.89%. Universal Display’s payout ratio is presently 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.