Universal Display Corporation (NASDAQ:OLED) was downgraded by equities researchers at BidaskClub from a “strong-buy” rating to a “buy” rating in a note issued to investors on Saturday.

OLED has been the subject of a number of other reports. Cross Research raised shares of Universal Display Corporation from a “hold” rating to a “buy” rating and set a $115.00 target price for the company in a research note on Friday, May 5th. Goldman Sachs Group, Inc. (The) boosted their target price on shares of Universal Display Corporation from $100.00 to $125.00 and gave the stock a “buy” rating in a research note on Monday, May 8th. Susquehanna Bancshares Inc reaffirmed a “positive” rating and issued a $105.00 target price on shares of Universal Display Corporation in a research note on Thursday, April 6th. Benchmark Co. assumed coverage on shares of Universal Display Corporation in a research note on Tuesday, April 25th. They issued a “hold” rating for the company. They noted that the move was a valuation call. Finally, Canaccord Genuity boosted their target price on shares of Universal Display Corporation from $65.00 to $90.00 and gave the stock a “hold” rating in a research note on Monday, May 8th. Four research analysts have rated the stock with a hold rating, six have issued a buy rating and one has given a strong buy rating to the stock. The company has an average rating of “Buy” and an average price target of $101.38.

Analyst Recommendations for Universal Display Corporation (NASDAQ:OLED)

Universal Display Corporation (NASDAQ:OLED) traded up 1.26% during midday trading on Friday, reaching $116.90. 604,976 shares of the company traded hands. The firm’s 50 day moving average price is $112.78 and its 200 day moving average price is $81.56. Universal Display Corporation has a 12 month low of $47.88 and a 12 month high of $130.65. The firm has a market capitalization of $5.50 billion, a price-to-earnings ratio of 97.50 and a beta of 1.16.

Universal Display Corporation (NASDAQ:OLED) last announced its quarterly earnings results on Thursday, May 4th. The semiconductor company reported $0.22 earnings per share (EPS) for the quarter. Universal Display Corporation had a net margin of 25.13% and a return on equity of 10.85%. The firm had revenue of $55.60 million during the quarter, compared to the consensus estimate of $33.53 million. During the same period last year, the firm posted $0.04 EPS. The firm’s quarterly revenue was up 87.2% on a year-over-year basis. On average, analysts expect that Universal Display Corporation will post $1.84 earnings per share for the current year.

The firm also recently declared a quarterly dividend, which will be paid on Friday, June 30th. Stockholders of record on Thursday, June 15th will be given a dividend of $0.03 per share. This represents a $0.12 annualized dividend and a dividend yield of 0.10%. The ex-dividend date of this dividend is Tuesday, June 13th. Universal Display Corporation’s dividend payout ratio is 10.00%.

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In other news, CFO Sidney D. Rosenblatt sold 16,924 shares of Universal Display Corporation stock in a transaction that occurred on Tuesday, May 9th. The shares were sold at an average price of $112.82, for a total transaction of $1,909,365.68. Following the completion of the sale, the chief financial officer now owns 378,870 shares in the company, valued at approximately $42,744,113.40. The sale was disclosed in a filing with the SEC, which can be accessed through this link. Also, Director C Keith Hartley sold 10,000 shares of Universal Display Corporation stock in a transaction that occurred on Wednesday, May 10th. The stock was sold at an average price of $114.87, for a total transaction of $1,148,700.00. Following the sale, the director now owns 70,549 shares of the company’s stock, valued at approximately $8,103,963.63. The disclosure for this sale can be found here. In the last quarter, insiders have sold 77,278 shares of company stock valued at $8,783,289. 5.70% of the stock is owned by corporate insiders.

Several large investors have recently modified their holdings of the company. Eqis Capital Management Inc. boosted its stake in shares of Universal Display Corporation by 0.4% in the first quarter. Eqis Capital Management Inc. now owns 4,408 shares of the semiconductor company’s stock valued at $380,000 after buying an additional 18 shares in the last quarter. Parallel Advisors LLC boosted its position in shares of Universal Display Corporation by 1.8% in the first quarter. Parallel Advisors LLC now owns 2,716 shares of the semiconductor company’s stock worth $246,000 after buying an additional 47 shares in the last quarter. Prudential Financial Inc. boosted its position in shares of Universal Display Corporation by 2.9% in the first quarter. Prudential Financial Inc. now owns 4,616 shares of the semiconductor company’s stock worth $397,000 after buying an additional 130 shares in the last quarter. State Board of Administration of Florida Retirement System boosted its position in shares of Universal Display Corporation by 0.6% in the fourth quarter. State Board of Administration of Florida Retirement System now owns 24,648 shares of the semiconductor company’s stock worth $1,388,000 after buying an additional 140 shares in the last quarter. Finally, Duncker Streett & Co. Inc. boosted its position in shares of Universal Display Corporation by 3.8% in the first quarter. Duncker Streett & Co. Inc. now owns 5,400 shares of the semiconductor company’s stock worth $465,000 after buying an additional 200 shares in the last quarter. Institutional investors own 70.40% of the company’s stock.

Universal Display Corporation Company Profile

Universal Display Corporation is engaged in the research, development and commercialization of organic light emitting diode (OLED), technologies and materials for use in display and solid-state lighting applications. The Company also supplies its OLED materials to manufacturers of OLED displays and lighting products for evaluation and for use in product development and for pre-commercial activities, and it also provides technical assistance and support to these manufacturers.

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