Universal Display Corporation (NASDAQ:OLED) Given Consensus Recommendation of “Moderate Buy” by Analysts

Shares of Universal Display Corporation (NASDAQ:OLED) have earned an average rating of “Moderate Buy” from the eight analysts that are currently covering the stock, Marketbeat.com reports. Four equities research analysts have rated the stock with a hold recommendation and four have assigned a buy recommendation to the company. The average twelve-month price target among analysts that have covered the stock in the last year is $181.3333.

Several brokerages have commented on OLED. Weiss Ratings restated a “hold (c-)” rating on shares of Universal Display in a report on Wednesday. Zacks Research downgraded Universal Display from a “strong-buy” rating to a “hold” rating in a research note on Wednesday, November 19th. Finally, Needham & Company LLC reiterated a “buy” rating and issued a $150.00 price target on shares of Universal Display in a research note on Monday, December 22nd.

Institutional Trading of Universal Display

Hedge funds and other institutional investors have recently bought and sold shares of the business. Rise Advisors LLC boosted its holdings in shares of Universal Display by 87.9% in the first quarter. Rise Advisors LLC now owns 186 shares of the semiconductor company’s stock valued at $26,000 after purchasing an additional 87 shares during the period. Whittier Trust Co. acquired a new position in shares of Universal Display during the second quarter valued at about $30,000. Smartleaf Asset Management LLC raised its holdings in shares of Universal Display by 309.8% in the third quarter. Smartleaf Asset Management LLC now owns 209 shares of the semiconductor company’s stock worth $30,000 after buying an additional 158 shares during the last quarter. Parkside Financial Bank & Trust lifted its position in Universal Display by 236.7% during the 2nd quarter. Parkside Financial Bank & Trust now owns 202 shares of the semiconductor company’s stock worth $31,000 after acquiring an additional 142 shares during the period. Finally, Measured Wealth Private Client Group LLC purchased a new stake in Universal Display in the third quarter valued at approximately $33,000. Hedge funds and other institutional investors own 78.19% of the company’s stock.

Universal Display Stock Up 0.4%

NASDAQ:OLED opened at $119.60 on Monday. The stock has a market cap of $5.69 billion, a P/E ratio of 25.78, a PEG ratio of 3.67 and a beta of 1.62. The business’s 50-day moving average price is $126.14 and its two-hundred day moving average price is $139.39. Universal Display has a twelve month low of $103.70 and a twelve month high of $164.29.

Universal Display (NASDAQ:OLED) last released its earnings results on Thursday, November 6th. The semiconductor company reported $0.92 earnings per share for the quarter, missing analysts’ consensus estimates of $1.19 by ($0.27). The firm had revenue of $139.61 million during the quarter, compared to the consensus estimate of $165.56 million. Universal Display had a return on equity of 14.10% and a net margin of 34.65%.The business’s quarterly revenue was down 13.6% compared to the same quarter last year. During the same quarter in the previous year, the firm earned $1.40 EPS. On average, equities research analysts expect that Universal Display will post 4.71 EPS for the current fiscal year.

Universal Display Announces Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Wednesday, December 31st. Shareholders of record on Wednesday, December 17th will be given a dividend of $0.45 per share. The ex-dividend date is Wednesday, December 17th. This represents a $1.80 dividend on an annualized basis and a yield of 1.5%. Universal Display’s dividend payout ratio is 38.79%.

Universal Display Company Profile

Universal Display Corporation (NASDAQ: OLED) is a technology company specializing in organic light-emitting diode (OLED) solutions. The company develops and commercializes materials, technologies and software used in the creation of OLED displays and lighting. Its offerings include proprietary phosphorescent OLED (PHOLED) materials, display driver integrated circuits and process technologies that enable higher efficiency, longer lifetimes and improved color performance for a range of display and lighting applications.

Universal Display’s core business is licensing its extensive OLED patent portfolio to display manufacturers and providing them with the key organic materials needed for device fabrication.