Brokerages Set Universal Display Co. (NASDAQ:OLED) Price Target at $190.43

Universal Display Co. (NASDAQ:OLED) has been given a consensus rating of “Moderate Buy” by the seven brokerages that are presently covering the firm, Marketbeat Ratings reports. Two equities research analysts have rated the stock with a hold rating and five have issued a buy rating on the company. The average 1 year price target among brokerages that have updated their coverage on the stock in the last year is $190.43.

A number of brokerages recently weighed in on OLED. Susquehanna cut their price objective on shares of Universal Display from $165.00 to $160.00 and set a “neutral” rating on the stock in a research note on Friday, February 21st. Citigroup dropped their target price on Universal Display from $200.00 to $162.00 and set a “neutral” rating on the stock in a report on Monday, February 10th. Roth Mkm raised their price objective on shares of Universal Display from $207.00 to $213.00 and gave the company a “buy” rating in a research report on Friday, February 21st. Needham & Company LLC dropped their price target on shares of Universal Display from $215.00 to $170.00 and set a “buy” rating on the stock in a research report on Friday, February 21st. Finally, 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.

Hedge Funds Weigh In On Universal Display

Institutional investors have recently bought and sold shares of the business. Brooklyn Investment Group acquired a new position in shares of Universal Display during the third quarter worth approximately $30,000. True Wealth Design LLC acquired a new stake in Universal Display in the third quarter worth $36,000. Orion Capital Management LLC bought a new position in shares of Universal Display during the 4th quarter valued at about $29,000. Brown Brothers Harriman & Co. increased its position in shares of Universal Display by 280.0% during the fourth quarter. Brown Brothers Harriman & Co. now owns 209 shares of the semiconductor company’s stock worth $31,000 after acquiring an additional 154 shares in the last quarter. Finally, Blue Trust Inc. grew its holdings in shares of Universal Display by 401.9% during the fourth quarter. Blue Trust Inc. now owns 261 shares of the semiconductor company’s stock worth $38,000 after buying an additional 209 shares in the last quarter. Institutional investors own 78.19% of the company’s stock.

Universal Display Trading Down 3.9 %

OLED stock opened at $139.48 on Friday. The firm has a 50 day simple moving average of $149.28 and a 200-day simple moving average of $167.37. Universal Display has a twelve month low of $136.70 and a twelve month high of $237.00. The company has a market capitalization of $6.62 billion, a P/E ratio of 30.00, a PEG ratio of 1.61 and a beta of 1.40.

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

Universal Display Increases Dividend

The business also recently disclosed a quarterly dividend, which was paid on Monday, March 31st. Shareholders of record on Monday, March 17th were issued a dividend of $0.45 per share. The ex-dividend date was Monday, March 17th. This is a boost from Universal Display’s previous quarterly dividend of $0.40. This represents a $1.80 dividend on an annualized basis and a dividend yield of 1.29%. Universal Display’s dividend payout ratio (DPR) is presently 38.71%.

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.