Universal Display Corporation (NASDAQ:OLED) has earned a consensus recommendation of “Buy” from the fifteen research firms that are presently covering the firm, MarketBeat Ratings reports. Six analysts have rated the stock with a hold recommendation, seven have given a buy recommendation and one has issued a strong buy recommendation on the company. The average twelve-month price objective among brokerages that have issued ratings on the stock in the last year is $127.75.

Several research analysts have recently issued reports on the company. BidaskClub cut Universal Display Corporation from a “hold” rating to a “sell” rating in a research report on Saturday, August 12th. Oppenheimer Holdings, Inc. reaffirmed a “market perform” rating on shares of Universal Display Corporation in a research report on Wednesday, August 9th. Goldman Sachs Group, Inc. (The) reaffirmed a “buy” rating and set a $150.00 price objective (up from $140.00) on shares of Universal Display Corporation in a research report on Wednesday, August 9th. Susquehanna Bancshares Inc reaffirmed a “positive” rating and set a $150.00 price objective on shares of Universal Display Corporation in a research report on Tuesday, September 5th. Finally, Zacks Investment Research cut Universal Display Corporation from a “strong-buy” rating to a “hold” rating in a research report on Tuesday, July 18th.

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In related news, CEO Steven V. Abramson sold 18,000 shares of the company’s stock in a transaction dated Wednesday, July 19th. The stock was sold at an average price of $124.53, for a total value of $2,241,540.00. Following the completion of the sale, the chief executive officer now directly owns 262,888 shares of the company’s stock, valued at approximately $32,737,442.64. The sale was disclosed in a legal filing with the SEC, which can be accessed through the SEC website. Also, insider Julia J. Brown sold 10,000 shares of the company’s stock in a transaction dated Wednesday, July 19th. The shares were sold at an average price of $125.00, for a total value of $1,250,000.00. Following the completion of the sale, the insider now directly owns 162,932 shares of the company’s stock, valued at $20,366,500. The disclosure for this sale can be found here. Over the last three months, insiders sold 78,240 shares of company stock valued at $10,274,945. Insiders own 5.20% of the company’s stock.

Several hedge funds and other institutional investors have recently made changes to their positions in OLED. Mitra Capital LLC acquired a new stake in shares of Universal Display Corporation in the 2nd quarter valued at about $109,000. IFP Advisors Inc boosted its position in shares of Universal Display Corporation by 307.5% in the 2nd quarter. IFP Advisors Inc now owns 1,080 shares of the semiconductor company’s stock valued at $118,000 after purchasing an additional 815 shares during the period. FNY Partners Fund LP acquired a new stake in shares of Universal Display Corporation in the 1st quarter valued at about $146,000. Invictus RG acquired a new stake in shares of Universal Display Corporation in the 1st quarter valued at about $152,000. Finally, BNP Paribas Arbitrage SA boosted its position in shares of Universal Display Corporation by 79.4% in the 2nd quarter. BNP Paribas Arbitrage SA now owns 1,536 shares of the semiconductor company’s stock valued at $168,000 after purchasing an additional 680 shares during the period. 64.09% of the stock is owned by hedge funds and other institutional investors.

Shares of Universal Display Corporation (OLED) traded up 0.62% during midday trading on Wednesday, reaching $129.25. The company had a trading volume of 217,923 shares. The company’s 50 day moving average price is $126.97 and its 200-day moving average price is $112.89. Universal Display Corporation has a 52 week low of $47.88 and a 52 week high of $145.30. The company has a market capitalization of $6.08 billion, a P/E ratio of 75.15 and a beta of 1.04.

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

The company also recently announced a quarterly dividend, which was paid on Saturday, September 30th. Investors of record on Friday, September 15th were given a $0.03 dividend. The ex-dividend date of this dividend was Thursday, September 14th. This represents a $0.12 dividend on an annualized basis and a dividend yield of 0.09%. Universal Display Corporation’s dividend payout ratio (DPR) is presently 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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