Universal Display Corporation (NASDAQ:OLED) Receives $190.43 Average Price Target from Analysts

Universal Display Corporation (NASDAQ:OLED) has been given an average recommendation of “Moderate Buy” by the seven analysts that are presently covering the company, Marketbeat reports. Two equities research analysts have rated the stock with a hold recommendation and five have assigned a buy recommendation to the company. The average 1 year price target among brokers that have issued ratings on the stock in the last year is $190.43.

OLED has been the subject of a number of analyst reports. Needham & Company LLC reissued a “buy” rating and set a $170.00 target price on shares of Universal Display in a research note on Friday, May 2nd. Wall Street Zen raised Universal Display from a “sell” rating to a “hold” rating in a research note on Friday, May 2nd.

Universal Display Stock Down 1.1%

Shares of NASDAQ OLED opened at $157.20 on Monday. The stock has a market cap of $7.47 billion, a PE ratio of 32.68, a price-to-earnings-growth ratio of 1.72 and a beta of 1.51. Universal Display has a 52-week low of $103.70 and a 52-week high of $237.00. The business has a 50-day moving average price of $151.45 and a 200 day moving average price of $145.08.

Universal Display (NASDAQ:OLED) last posted its quarterly earnings data on Thursday, May 1st. The semiconductor company reported $1.35 earnings per share for the quarter, topping analysts’ consensus estimates of $1.07 by $0.28. Universal Display had a return on equity of 15.35% and a net margin of 35.40%. The company had revenue of $166.28 million during the quarter, compared to analysts’ expectations of $154.76 million. During the same period last year, the firm earned $1.19 EPS. The firm’s revenue for the quarter was up .6% on a year-over-year basis. Sell-side analysts anticipate that Universal Display will post 4.71 earnings per share for the current year.

Universal Display Announces Dividend

The company also recently disclosed a quarterly dividend, which was paid on Monday, June 30th. Investors of record on Monday, June 16th were issued a $0.45 dividend. This represents a $1.80 annualized dividend and a yield of 1.15%. The ex-dividend date of this dividend was Monday, June 16th. Universal Display’s dividend payout ratio is currently 37.42%.

Institutional Trading of Universal Display

Hedge funds and other institutional investors have recently bought and sold shares of the company. Wealth Enhancement Advisory Services LLC boosted its stake in Universal Display by 5.0% in the first quarter. Wealth Enhancement Advisory Services LLC now owns 139,646 shares of the semiconductor company’s stock valued at $19,478,000 after acquiring an additional 6,604 shares during the period. GAMMA Investing LLC raised its holdings in Universal Display by 134.1% during the first quarter. GAMMA Investing LLC now owns 962 shares of the semiconductor company’s stock worth $134,000 after purchasing an additional 551 shares in the last quarter. DAVENPORT & Co LLC bought a new stake in Universal Display during the first quarter worth approximately $377,000. SG Americas Securities LLC raised its holdings in Universal Display by 65.6% during the first quarter. SG Americas Securities LLC now owns 6,492 shares of the semiconductor company’s stock worth $906,000 after purchasing an additional 2,572 shares in the last quarter. Finally, Charles Schwab Investment Management Inc. increased its holdings in shares of Universal Display by 2.1% in the fourth quarter. Charles Schwab Investment Management Inc. now owns 341,019 shares of the semiconductor company’s stock valued at $49,857,000 after buying an additional 7,147 shares in the last quarter. 78.19% of the stock is owned by institutional investors.

About Universal Display

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.