Shares of Universal Display Corporation (NASDAQ:OLED) have earned a consensus rating of “Buy” from the fifteen analysts that are currently covering the company, Marketbeat.com reports. Six equities research analysts have rated the stock with a hold rating, seven have given a buy rating and one has assigned a strong buy rating to the company. The average twelve-month price target among analysts that have covered the stock in the last year is $126.38.

A number of equities analysts have weighed in on OLED shares. Cowen and Company set a $140.00 target price on shares of Universal Display Corporation and gave the stock a “buy” rating in a research report on Friday, August 4th. Zacks Investment Research upgraded shares of Universal Display Corporation from a “hold” rating to a “strong-buy” rating and set a $136.00 price objective for the company in a research report on Thursday, August 10th. BidaskClub upgraded shares of Universal Display Corporation from a “buy” rating to a “strong-buy” rating in a research report on Friday, June 9th. Deutsche Bank AG assumed coverage on shares of Universal Display Corporation in a research report on Wednesday, August 30th. They issued a “buy” rating and a $135.00 price objective for the company. Finally, Susquehanna Bancshares Inc restated a “positive” rating on shares of Universal Display Corporation in a research report on Thursday, July 13th.

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In related news, CEO Steven V. Abramson sold 18,000 shares of the firm’s stock in a transaction that occurred on Wednesday, July 19th. The shares were sold at an average price of $124.53, for a total value of $2,241,540.00. Following the sale, the chief executive officer now directly owns 262,888 shares of the company’s stock, valued at $32,737,442.64. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. Also, insider Julia J. Brown sold 10,000 shares of the firm’s stock in a transaction that occurred on Wednesday, July 19th. The shares were sold at an average price of $125.00, for a total transaction of $1,250,000.00. Following the completion of the sale, the insider now directly owns 162,932 shares in the company, valued at $20,366,500. The disclosure for this sale can be found here. Company insiders own 5.70% of the company’s stock.

A number of institutional investors and hedge funds have recently made changes to their positions in OLED. Strs Ohio raised its stake in Universal Display Corporation by 115.4% in the first quarter. Strs Ohio now owns 5,600 shares of the semiconductor company’s stock valued at $482,000 after purchasing an additional 3,000 shares in the last quarter. Russell Investments Group Ltd. raised its stake in Universal Display Corporation by 292.4% in the first quarter. Russell Investments Group Ltd. now owns 66,412 shares of the semiconductor company’s stock valued at $5,717,000 after purchasing an additional 49,488 shares in the last quarter. Great West Life Assurance Co. Can raised its stake in Universal Display Corporation by 26.0% in the first quarter. Great West Life Assurance Co. Can now owns 4,848 shares of the semiconductor company’s stock valued at $416,000 after purchasing an additional 1,000 shares in the last quarter. Zurcher Kantonalbank Zurich Cantonalbank raised its stake in Universal Display Corporation by 40.9% in the first quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 5,534 shares of the semiconductor company’s stock valued at $476,000 after purchasing an additional 1,605 shares in the last quarter. Finally, Swiss National Bank raised its stake in Universal Display Corporation by 0.7% in the first quarter. Swiss National Bank now owns 69,900 shares of the semiconductor company’s stock valued at $6,018,000 after purchasing an additional 500 shares in the last quarter. 64.31% of the stock is currently owned by institutional investors and hedge funds.

Shares of Universal Display Corporation (NASDAQ OLED) traded up 0.08% during trading on Friday, hitting $132.05. 821,396 shares of the stock traded hands. The stock has a 50-day moving average of $119.55 and a 200 day moving average of $106.78. Universal Display Corporation has a 1-year low of $47.88 and a 1-year high of $134.89. The company has a market cap of $6.21 billion, a P/E ratio of 76.55 and a beta of 0.98.

Universal Display Corporation (NASDAQ:OLED) last issued its earnings results on Thursday, August 3rd. The semiconductor company reported $0.99 earnings per share for the quarter, topping analysts’ consensus estimates of $0.68 by $0.31. The firm had revenue of $102.50 million during the quarter, compared to analyst estimates of $84.81 million. Universal Display Corporation had a net margin of 31.15% and a return on equity of 14.90%. The company’s quarterly revenue was up 59.2% on a year-over-year basis. During the same quarter last year, the business earned $0.46 earnings per share. On average, equities research analysts predict that Universal Display Corporation will post $2.14 EPS for the current fiscal year.

The business also recently announced a quarterly dividend, which will be paid on Saturday, September 30th. Investors of record on Friday, September 15th will be paid a $0.03 dividend. This represents a $0.12 dividend on an annualized basis and a yield of 0.09%. The ex-dividend date of this dividend is Thursday, September 14th. Universal Display Corporation’s dividend payout ratio is currently 6.94%.

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.

Analyst Recommendations for Universal Display Corporation (NASDAQ:OLED)

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