Universal Display (NASDAQ:OLED) Rating Lowered to Sell at StockNews.com

StockNews.com cut shares of Universal Display (NASDAQ:OLED) from a hold rating to a sell rating in a research note published on Friday.

Other analysts have also issued research reports about the stock. Citigroup lowered their price objective on shares of Universal Display from $200.00 to $162.00 and set a “neutral” rating for the company in a research note on Monday, February 10th. Needham & Company LLC dropped their price objective on shares of Universal Display from $215.00 to $170.00 and set a “buy” rating on the stock in a report on Friday, February 21st. Roth Mkm increased their price objective on shares of Universal Display from $207.00 to $213.00 and gave the stock a “buy” rating in a research report on Friday, February 21st. Susquehanna decreased their target price on Universal Display from $165.00 to $160.00 and set a “neutral” rating for the company in a research report on Friday, February 21st. Finally, The Goldman Sachs Group cut their price target on Universal Display from $234.00 to $203.00 and set a “buy” rating on the stock in a report on Thursday, February 6th. One analyst has rated the stock with a sell rating, two have given a hold rating and five have given a buy rating to the stock. Based on data from MarketBeat.com, the company presently has a consensus rating of “Moderate Buy” and an average price target of $190.43.

Universal Display Stock Performance

Shares of NASDAQ OLED opened at $112.72 on Friday. The firm has a 50 day moving average price of $142.83 and a two-hundred day moving average price of $160.75. The stock has a market cap of $5.35 billion, a P/E ratio of 24.24, a price-to-earnings-growth ratio of 1.61 and a beta of 1.42. Universal Display has a 52-week low of $103.70 and a 52-week high of $237.00.

Universal Display (NASDAQ:OLED) last posted its quarterly earnings data on Thursday, February 20th. The semiconductor company reported $1.22 EPS for the quarter, topping analysts’ consensus estimates of $1.08 by $0.14. The company had revenue of $162.29 million for 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%. Analysts predict that Universal Display will post 4.71 earnings per share for the current fiscal year.

Universal Display Increases Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Monday, March 31st. Stockholders of record on Monday, March 17th were issued a dividend of $0.45 per share. This is a positive change from Universal Display’s previous quarterly dividend of $0.40. The ex-dividend date of this dividend was Monday, March 17th. This represents a $1.80 annualized dividend and a dividend yield of 1.60%. Universal Display’s payout ratio is presently 38.71%.

Institutional Inflows and Outflows

A number of institutional investors have recently added to or reduced their stakes in OLED. Pacer Advisors Inc. grew its holdings in shares of Universal Display by 37.2% during the 4th quarter. Pacer Advisors Inc. now owns 27,246 shares of the semiconductor company’s stock valued at $3,983,000 after purchasing an additional 7,390 shares during the last quarter. Charles Schwab Investment Management Inc. boosted its position in Universal Display by 2.1% during the fourth quarter. Charles Schwab Investment Management Inc. now owns 341,019 shares of the semiconductor company’s stock valued at $49,857,000 after buying an additional 7,147 shares during the period. Wealth Enhancement Advisory Services LLC grew its stake in shares of Universal Display by 95.1% during the fourth quarter. Wealth Enhancement Advisory Services LLC now owns 189,603 shares of the semiconductor company’s stock valued at $27,720,000 after buying an additional 92,410 shares during the last quarter. Inspire Investing LLC purchased a new position in shares of Universal Display in the fourth quarter worth about $462,000. Finally, Sanctuary Advisors LLC bought a new stake in shares of Universal Display in the 3rd quarter valued at about $2,356,000. Institutional investors own 78.19% of the company’s stock.

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.