Brokerages Set Universal Display Co. (NASDAQ:OLED) PT at $210.71

Universal Display Co. (NASDAQ:OLED) has been assigned a consensus recommendation of “Moderate Buy” from the seven research firms that are presently covering the company, MarketBeat.com reports. Two analysts have rated the stock with a hold recommendation and five have given a buy recommendation to the company. The average 12-month price target among brokerages that have issued ratings on the stock in the last year is $210.71.

A number of brokerages have recently commented on OLED. Needham & Company LLC lowered their price target on Universal Display from $242.00 to $215.00 and set a “buy” rating for the company in a research note on Thursday, October 31st. TD Cowen dropped their target price on Universal Display from $250.00 to $225.00 and set a “buy” rating on the stock in a research report on Thursday, October 31st. Finally, Oppenheimer dropped their target price on Universal Display from $240.00 to $220.00 and set an “outperform” rating on the stock in a report on Thursday, October 31st.

Universal Display Stock Down 0.7 %

Shares of OLED opened at $149.53 on Thursday. The stock’s fifty day simple moving average is $175.72 and its 200-day simple moving average is $193.27. The firm has a market capitalization of $7.10 billion, a PE ratio of 30.03, a price-to-earnings-growth ratio of 1.74 and a beta of 1.39. Universal Display has a 12-month low of $148.09 and a 12-month high of $237.00.

Universal Display (NASDAQ:OLED) last posted its quarterly earnings results on Wednesday, October 30th. The semiconductor company reported $1.40 earnings per share for the quarter, topping analysts’ consensus estimates of $1.19 by $0.21. Universal Display had a net margin of 36.98% and a return on equity of 15.75%. The business had revenue of $161.63 million during the quarter, compared to the consensus estimate of $165.28 million. During the same period in the previous year, the firm posted $1.08 earnings per share. Universal Display’s revenue for the quarter was up 14.6% compared to the same quarter last year. Analysts anticipate that Universal Display will post 4.8 EPS for the current year.

Universal Display Dividend Announcement

The firm also recently declared a quarterly dividend, which will be paid on Tuesday, December 31st. Shareholders of record on Tuesday, December 17th will be paid a $0.40 dividend. This represents a $1.60 annualized dividend and a yield of 1.07%. The ex-dividend date of this dividend is Tuesday, December 17th. Universal Display’s dividend payout ratio (DPR) is presently 32.13%.

Insider Activity

In other news, Director Lawrence Lacerte bought 742 shares of Universal Display stock in a transaction dated Monday, November 4th. The stock was purchased at an average price of $180.89 per share, for a total transaction of $134,220.38. Following the purchase, the director now directly owns 122,372 shares in the company, valued at $22,135,871.08. The trade was a 0.61 % increase in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Company insiders own 1.90% of the company’s stock.

Institutional Investors Weigh In On Universal Display

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

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.