Analysts Set Universal Display Co. (NASDAQ:OLED) PT at $190.43

Shares of Universal Display Co. (NASDAQ:OLED) have been given a consensus recommendation of “Moderate Buy” by the seven research firms that are covering the firm, Marketbeat reports. Two analysts have rated the stock with a hold recommendation and five have given a buy recommendation to the company. The average 12 month target price among analysts that have updated their coverage on the stock in the last year is $190.43.

A number of equities research analysts recently issued reports on the stock. Susquehanna lowered their target price on shares of Universal Display from $165.00 to $160.00 and set a “neutral” rating for the company in a report on Friday, February 21st. Citigroup lowered their price objective on shares of Universal Display from $200.00 to $162.00 and set a “neutral” rating for the company in a research note on Monday, February 10th. Roth Mkm increased their target price on Universal Display from $207.00 to $213.00 and gave the stock a “buy” rating in a research report on Friday, February 21st. Needham & Company LLC reduced their target price on Universal Display from $215.00 to $170.00 and set a “buy” rating on the stock in a report on Friday, February 21st. Finally, StockNews.com lowered Universal Display from a “hold” rating to a “sell” rating in a research note on Friday, April 11th.

Institutional Investors Weigh In On Universal Display

Several hedge funds have recently modified their holdings of the stock. Koshinski Asset Management Inc. lifted its holdings in Universal Display by 24.4% in the 1st quarter. Koshinski Asset Management Inc. now owns 2,398 shares of the semiconductor company’s stock worth $334,000 after buying an additional 471 shares in the last quarter. Allspring Global Investments Holdings LLC bought a new stake in shares of Universal Display in the 1st quarter valued at approximately $242,000. Perigon Wealth Management LLC raised its position in shares of Universal Display by 4.9% during the 1st quarter. Perigon Wealth Management LLC now owns 2,709 shares of the semiconductor company’s stock valued at $378,000 after acquiring an additional 127 shares in the last quarter. Golden State Wealth Management LLC lifted its stake in Universal Display by 4,700.0% during the first quarter. Golden State Wealth Management LLC now owns 240 shares of the semiconductor company’s stock worth $33,000 after purchasing an additional 235 shares during the last quarter. Finally, Bessemer Group Inc. boosted its holdings in Universal Display by 3.8% in the first quarter. Bessemer Group Inc. now owns 2,603 shares of the semiconductor company’s stock worth $363,000 after purchasing an additional 95 shares during the period. 78.19% of the stock is currently owned by hedge funds and other institutional investors.

Universal Display Stock Up 0.8 %

OLED stock opened at $126.41 on Wednesday. The stock has a market capitalization of $6.00 billion, a price-to-earnings ratio of 27.18, a price-to-earnings-growth ratio of 1.61 and a beta of 1.42. The stock’s fifty day simple moving average is $137.64 and its 200-day simple moving average is $155.14. Universal Display has a 52-week low of $103.70 and a 52-week high of $237.00.

Universal Display (NASDAQ:OLED) last issued its quarterly earnings results on Thursday, February 20th. The semiconductor company reported $1.22 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $1.08 by $0.14. Universal Display had a return on equity of 15.51% and a net margin of 34.29%. The firm had revenue of $162.29 million for the quarter, compared to analyst estimates of $152.75 million. As a group, analysts anticipate that Universal Display will post 4.71 earnings per share for the current fiscal year.

Universal Display Increases Dividend

The business also recently disclosed a quarterly dividend, which was paid on Monday, March 31st. Shareholders of record on Monday, March 17th were paid a dividend of $0.45 per share. This represents a $1.80 dividend on an annualized basis and a dividend yield of 1.42%. The ex-dividend date of this dividend was Monday, March 17th. This is a boost from Universal Display’s previous quarterly dividend of $0.40. Universal Display’s payout ratio is currently 38.71%.

Universal Display Company Profile

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 in the United States and internationally. The company offers PHOLED technologies and materials for displays and lighting products under the UniversalPHOLED brand.