Universal Display Co. (NASDAQ:OLED) Given Average Recommendation of “Moderate Buy” by Brokerages

Universal Display Co. (NASDAQ:OLED) has been given a consensus recommendation of “Moderate Buy” by the eight analysts that are presently covering the company, MarketBeat Ratings reports. Two investment analysts have rated the stock with a hold rating and six have issued a buy rating on the company. The average 12-month price objective among brokers that have issued a report on the stock in the last year is $215.63.

OLED has been the topic of a number of research reports. Roth Mkm increased their price objective on Universal Display from $189.00 to $217.00 and gave the stock a “buy” rating in a report on Friday, August 2nd. TD Cowen dropped their price target 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, October 31st. Needham & Company LLC reduced their price objective on shares of Universal Display from $242.00 to $215.00 and set a “buy” rating for the company in a research note on Thursday, October 31st. Susquehanna upped their price objective on shares of Universal Display from $170.00 to $175.00 and gave the stock a “neutral” rating in a report on Friday, August 2nd. Finally, Oppenheimer lowered their target price on shares of Universal Display from $240.00 to $220.00 and set an “outperform” rating on the stock in a research report on Thursday, October 31st.

Insider Buying and Selling at Universal Display

In other news, Director Lawrence Lacerte acquired 742 shares of Universal Display stock in a transaction on Monday, November 4th. The stock was bought at an average price of $180.89 per share, for a total transaction of $134,220.38. Following the transaction, the director now owns 122,372 shares of the company’s stock, valued at $22,135,871.08. The trade was a 0.61 % increase in their ownership of the stock. The purchase was disclosed in a legal filing with the SEC, which is accessible through this link. Insiders own 1.90% of the company’s stock.

Institutional Trading of Universal Display

A number of institutional investors and hedge funds have recently modified their holdings of OLED. TD Private Client Wealth LLC acquired a new stake in shares of Universal Display during the 3rd quarter valued at about $2,180,000. Coldstream Capital Management Inc. acquired a new stake in Universal Display during the third quarter valued at approximately $365,000. Geode Capital Management LLC grew its stake in shares of Universal Display by 1.9% in the 3rd quarter. Geode Capital Management LLC now owns 799,352 shares of the semiconductor company’s stock valued at $167,825,000 after purchasing an additional 15,015 shares during the period. M&T Bank Corp raised its holdings in shares of Universal Display by 12.0% in the 3rd quarter. M&T Bank Corp now owns 2,086 shares of the semiconductor company’s stock worth $438,000 after buying an additional 223 shares in the last quarter. Finally, Barclays PLC grew its position in Universal Display by 753.8% in the third quarter. Barclays PLC now owns 212,518 shares of the semiconductor company’s stock valued at $44,608,000 after acquiring an additional 187,627 shares during the period. 78.19% of the stock is currently owned by institutional investors.

Universal Display Price Performance

NASDAQ OLED opened at $168.41 on Friday. The company has a 50 day simple moving average of $195.31 and a 200-day simple moving average of $195.64. Universal Display has a 52-week low of $148.75 and a 52-week high of $237.00. The firm has a market capitalization of $7.99 billion, a price-to-earnings ratio of 33.82, a price-to-earnings-growth ratio of 1.79 and a beta of 1.43.

Universal Display (NASDAQ:OLED) last issued its earnings results on Wednesday, October 30th. The semiconductor company reported $1.40 earnings per share (EPS) for the quarter, beating 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 company had revenue of $161.63 million during the quarter, compared to analyst estimates of $165.28 million. During the same quarter last year, the business posted $1.08 EPS. The company’s revenue for the quarter was up 14.6% on a year-over-year basis. On average, analysts predict that Universal Display will post 4.8 EPS for the current year.

Universal Display Announces Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Tuesday, December 31st. Investors of record on Tuesday, December 17th will be given a dividend of $0.40 per share. The ex-dividend date of this dividend is Tuesday, December 17th. This represents a $1.60 annualized dividend and a dividend yield of 0.95%. Universal Display’s dividend payout ratio is presently 32.13%.

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.