Universal Display Co. (NASDAQ:OLED) Receives $183.25 Consensus Target Price from Brokerages

Universal Display Co. (NASDAQ:OLEDGet Rating) has received a consensus recommendation of “Moderate Buy” from the eleven brokerages that are covering the firm, MarketBeat reports. Two equities research analysts have rated the stock with a hold recommendation and four have issued a buy recommendation on the company. The average 1-year target price among analysts that have issued a report on the stock in the last year is $184.22.

A number of equities research analysts have recently issued reports on the company. The Goldman Sachs Group cut their target price on Universal Display from $225.00 to $192.00 and set a “buy” rating on the stock in a research report on Thursday. Needham & Company LLC dropped their price target on Universal Display from $165.00 to $140.00 and set a “buy” rating on the stock in a research report on Tuesday, July 26th. Bank of America lowered Universal Display from a “buy” rating to a “neutral” rating and dropped their price target for the company from $190.00 to $135.00 in a research report on Wednesday, June 29th. Finally, DA Davidson dropped their price target on Universal Display from $165.00 to $140.00 in a research report on Tuesday, July 26th.

Universal Display Stock Up 0.7 %

Shares of Universal Display stock opened at $115.46 on Thursday. The stock’s fifty day moving average is $113.77 and its 200-day moving average is $136.06. The firm has a market capitalization of $5.45 billion, a PE ratio of 30.15, a price-to-earnings-growth ratio of 1.21 and a beta of 1.46. Universal Display has a 12-month low of $98.71 and a 12-month high of $237.00.

Universal Display (NASDAQ:OLEDGet Rating) last announced its earnings results on Thursday, May 5th. The semiconductor company reported $1.05 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.95 by $0.10. The company had revenue of $150.50 million for the quarter, compared to analyst estimates of $143.81 million. Universal Display had a return on equity of 17.14% and a net margin of 32.02%. Universal Display’s revenue for the quarter was up 12.3% compared to the same quarter last year. During the same period in the previous year, the firm earned $1.08 earnings per share. Analysts expect that Universal Display will post 4.45 EPS for the current year.

Universal Display Dividend Announcement

The company also recently announced a quarterly dividend, which was paid on Thursday, June 30th. Shareholders of record on Thursday, June 16th were given a $0.30 dividend. This represents a $1.20 annualized dividend and a yield of 1.04%. The ex-dividend date was Wednesday, June 15th. Universal Display’s payout ratio is currently 31.33%.

Institutional Inflows and Outflows

Several hedge funds have recently bought and sold shares of the company. Commonwealth Equity Services LLC boosted its stake in shares of Universal Display by 0.9% during the 1st quarter. Commonwealth Equity Services LLC now owns 10,467 shares of the semiconductor company’s stock worth $1,747,000 after acquiring an additional 94 shares in the last quarter. Itau Unibanco Holding S.A. boosted its stake in shares of Universal Display by 72.2% during the 4th quarter. Itau Unibanco Holding S.A. now owns 229 shares of the semiconductor company’s stock worth $38,000 after acquiring an additional 96 shares in the last quarter. PNC Financial Services Group Inc. boosted its stake in shares of Universal Display by 1.4% during the 1st quarter. PNC Financial Services Group Inc. now owns 7,054 shares of the semiconductor company’s stock worth $1,178,000 after acquiring an additional 99 shares in the last quarter. State of Michigan Retirement System boosted its stake in shares of Universal Display by 0.9% during the 4th quarter. State of Michigan Retirement System now owns 10,998 shares of the semiconductor company’s stock worth $1,815,000 after acquiring an additional 100 shares in the last quarter. Finally, Securian Asset Management Inc. boosted its stake in shares of Universal Display by 2.6% during the 4th quarter. Securian Asset Management Inc. now owns 3,943 shares of the semiconductor company’s stock worth $651,000 after acquiring an additional 100 shares in the last quarter. 71.15% of the stock is owned by institutional investors and hedge funds.

About Universal Display

(Get Rating)

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. It owns, exclusively licenses, or has sole rights to sublicense approximately 5,500 issued and pending patents worldwide.

Further Reading

Analyst Recommendations for Universal Display (NASDAQ:OLED)

Receive News & Ratings for Universal Display Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Universal Display and related companies with MarketBeat.com's FREE daily email newsletter.