Universal Display (NASDAQ:OLED) Raised to “Hold” at StockNews.com

StockNews.com upgraded shares of Universal Display (NASDAQ:OLED) from a sell rating to a hold rating in a research note issued to investors on Friday morning.

A number of other equities research analysts have also commented on OLED. The Goldman Sachs Group dropped their price target on Universal Display from $234.00 to $203.00 and set a “buy” rating on the stock in a research report on Thursday, February 6th. Citigroup dropped their price target on Universal Display from $200.00 to $162.00 and set a “neutral” rating on the stock in a research report on Monday, February 10th. Oppenheimer dropped their price target on Universal Display from $220.00 to $200.00 and set an “outperform” rating on the stock in a research report on Thursday, January 2nd. Susquehanna dropped their price target on Universal Display from $165.00 to $160.00 and set a “neutral” rating on the stock in a research report on Friday, February 21st. Finally, Roth Mkm raised their price target on Universal Display from $207.00 to $213.00 and gave the stock a “buy” rating in a research report on Friday, February 21st. Three investment analysts have rated the stock with a hold rating and five have given a buy rating to the stock. Based on data from MarketBeat.com, the company presently has an average rating of “Moderate Buy” and an average target price of $190.43.

Universal Display Trading Down 1.9 %

NASDAQ:OLED opened at $148.50 on Friday. Universal Display has a 1-year low of $140.17 and a 1-year high of $237.00. The business’s 50-day moving average price is $149.09 and its two-hundred day moving average price is $169.49. The firm has a market capitalization of $7.05 billion, a price-to-earnings ratio of 31.94, a PEG ratio of 1.61 and a beta of 1.40.

Universal Display (NASDAQ:OLED) last released its earnings results on Thursday, February 20th. The semiconductor company reported $1.22 earnings per share for the quarter, beating the consensus estimate of $1.08 by $0.14. Universal Display had a return on equity of 15.51% and a net margin of 34.29%. The firm had revenue of $162.29 million for the quarter, compared to analyst estimates of $152.75 million. Sell-side analysts predict that Universal Display will post 4.71 earnings per share for the current year.

Universal Display Increases Dividend

The business also recently declared a quarterly dividend, which will be paid on Monday, March 31st. Shareholders of record on Monday, March 17th will be paid a $0.45 dividend. This represents a $1.80 dividend on an annualized basis and a yield of 1.21%. This is an increase from Universal Display’s previous quarterly dividend of $0.40. The ex-dividend date of this dividend is Monday, March 17th. Universal Display’s dividend payout ratio (DPR) is currently 38.71%.

Institutional Inflows and Outflows

Hedge funds have recently bought and sold shares of the stock. Brooklyn Investment Group bought a new position in shares of Universal Display during the 3rd quarter worth approximately $30,000. True Wealth Design LLC bought a new position in shares of Universal Display during the 3rd quarter worth approximately $36,000. Orion Capital Management LLC bought a new position in shares of Universal Display during the 4th quarter worth approximately $29,000. Brown Brothers Harriman & Co. boosted its stake in shares of Universal Display by 280.0% during the 4th quarter. Brown Brothers Harriman & Co. now owns 209 shares of the semiconductor company’s stock worth $31,000 after acquiring an additional 154 shares during the period. Finally, Blue Trust Inc. boosted its stake in shares of Universal Display by 401.9% during the 4th quarter. Blue Trust Inc. now owns 261 shares of the semiconductor company’s stock worth $38,000 after acquiring an additional 209 shares during the period. 78.19% of the stock is currently owned by 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.