Universal Display (NASDAQ: OLED) has recently received a number of price target changes and ratings updates:

  • 11/30/2017 – Universal Display is now covered by analysts at Evercore ISI. They set an “outperform” rating and a $225.00 price target on the stock.
  • 11/15/2017 – Universal Display was upgraded by analysts at Zacks Investment Research from a “hold” rating to a “buy” rating. They now have a $198.00 price target on the stock. According to Zacks, “Universal Display Corporation is located in the Princeton Crossroads Corporate Center in Ewing, New Jersey, minutes away from its research partner at Princeton University. Universal Display’s state-of-the-art facility is designed to further technology and materials development, technology transfer to manufacturing partners and work with customers to develop OLED products that meet their needs. “
  • 11/14/2017 – Universal Display was downgraded by analysts at Zacks Investment Research from a “buy” rating to a “hold” rating. According to Zacks, “Universal Display Corporation is located in the Princeton Crossroads Corporate Center in Ewing, New Jersey, minutes away from its research partner at Princeton University. Universal Display’s state-of-the-art facility is designed to further technology and materials development, technology transfer to manufacturing partners and work with customers to develop OLED products that meet their needs. “
  • 11/10/2017 – Universal Display had its “outperform” rating reaffirmed by analysts at Cowen Inc. They now have a $195.00 price target on the stock, up previously from $155.00.
  • 11/3/2017 – Universal Display had its “hold” rating reaffirmed by analysts at Needham & Company LLC.
  • 11/3/2017 – Universal Display was downgraded by analysts at Gabelli from a “buy” rating to a “hold” rating. They now have a $134.00 price target on the stock.
  • 11/2/2017 – Universal Display was upgraded by analysts at Zacks Investment Research from a “hold” rating to a “strong-buy” rating. They now have a $168.00 price target on the stock. According to Zacks, “Universal Display Corporation is located in the Princeton Crossroads Corporate Center in Ewing, New Jersey, minutes away from its research partner at Princeton University. Universal Display’s state-of-the-art facility is designed to further technology and materials development, technology transfer to manufacturing partners and work with customers to develop OLED products that meet their needs. “
  • 11/1/2017 – Universal Display was given a new $150.00 price target on by analysts at Cowen Inc. They now have a “buy” rating on the stock.
  • 10/31/2017 – Universal Display was downgraded by analysts at Cross Research from a “buy” rating to a “hold” rating.
  • 10/31/2017 – Universal Display had its price target raised by analysts at Deutsche Bank AG to $150.00. They now have a “buy” rating on the stock.
  • 10/17/2017 – Universal Display was downgraded by analysts at Zacks Investment Research from a “strong-buy” rating to a “hold” rating. According to Zacks, “Universal Display Corporation is located in the Princeton Crossroads Corporate Center in Ewing, New Jersey, minutes away from its research partner at Princeton University. Universal Display’s state-of-the-art facility is designed to further technology and materials development, technology transfer to manufacturing partners and work with customers to develop OLED products that meet their needs. “
  • 10/11/2017 – Universal Display was given a new $140.00 price target on by analysts at Cowen Inc. They now have a “buy” rating on the stock.

Universal Display Corporation (NASDAQ:OLED) traded up $1.35 during mid-day trading on Thursday, reaching $181.00. The company had a trading volume of 1,040,882 shares, compared to its average volume of 826,780. Universal Display Corporation has a one year low of $52.10 and a one year high of $192.75. The company has a market cap of $8,550.00, a price-to-earnings ratio of 91.18 and a beta of 1.03.

Universal Display (NASDAQ:OLED) last posted its quarterly earnings data on Thursday, November 2nd. The semiconductor company reported $0.28 earnings per share for the quarter, beating the Zacks’ consensus estimate of $0.09 by $0.19. Universal Display had a return on equity of 16.67% and a net margin of 32.92%. The company had revenue of $61.70 million during the quarter, compared to analyst estimates of $47.35 million. During the same quarter last year, the company earned ($0.03) EPS. The firm’s revenue for the quarter was up 104.3% on a year-over-year basis. research analysts predict that Universal Display Corporation will post 2.33 EPS for the current year.

The firm also recently announced a quarterly dividend, which will be paid on Friday, December 29th. Shareholders of record on Friday, December 15th will be issued a $0.03 dividend. This represents a $0.12 dividend on an annualized basis and a dividend yield of 0.07%. The ex-dividend date of this dividend is Thursday, December 14th. Universal Display’s payout ratio is 5.74%.

In other Universal Display news, CFO Sidney D. Rosenblatt sold 50,240 shares of Universal Display stock in a transaction on Wednesday, November 8th. The stock was sold at an average price of $167.80, for a total value of $8,430,272.00. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at this hyperlink. Also, Director Lawrence Lacerte sold 16,500 shares of Universal Display stock in a transaction on Tuesday, November 7th. The stock was sold at an average price of $166.04, for a total value of $2,739,660.00. Following the completion of the sale, the director now directly owns 350,000 shares of the company’s stock, valued at approximately $58,114,000. The disclosure for this sale can be found here. In the last three months, insiders sold 196,974 shares of company stock valued at $30,133,174. Corporate insiders own 5.20% of the company’s stock.

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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