Universal Display Corporation (NASDAQ:OLED) Receives Average Recommendation of “Moderate Buy” from Analysts

Shares of Universal Display Corporation (NASDAQ:OLED) have earned a consensus recommendation of “Moderate Buy” from the eight analysts that are covering the stock, MarketBeat.com reports. Four research analysts have rated the stock with a hold rating and four have assigned a buy rating to the company. The average twelve-month price objective among brokerages that have updated their coverage on the stock in the last year is $181.3333.

OLED has been the topic of several recent research reports. Weiss Ratings reiterated a “hold (c)” rating on shares of Universal Display in a research report on Wednesday, October 8th. Needham & Company LLC decreased their price objective on Universal Display from $170.00 to $150.00 and set a “buy” rating on the stock in a report on Friday, November 7th. Finally, Zacks Research cut Universal Display from a “strong-buy” rating to a “hold” rating in a report on Wednesday, November 19th.

Universal Display Trading Up 1.6%

Shares of NASDAQ:OLED opened at $122.37 on Thursday. The firm has a market capitalization of $5.82 billion, a PE ratio of 26.37, a PEG ratio of 3.59 and a beta of 1.62. Universal Display has a 1-year low of $103.70 and a 1-year high of $166.94. The business’s 50 day moving average is $134.77 and its 200-day moving average is $143.01.

Universal Display (NASDAQ:OLED) last issued its earnings results on Thursday, November 6th. The semiconductor company reported $0.92 EPS for the quarter, missing the consensus estimate of $1.19 by ($0.27). Universal Display had a return on equity of 14.10% and a net margin of 34.65%.The firm had revenue of $139.61 million during the quarter, compared to the consensus estimate of $165.56 million. During the same period last year, the business earned $1.40 earnings per share. The firm’s revenue for the quarter was down 13.6% compared to the same quarter last year. On average, sell-side analysts predict that Universal Display will post 4.71 EPS for the current 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 issued a dividend of $0.45 per share. The ex-dividend date of this dividend is Wednesday, December 17th. This represents a $1.80 dividend on an annualized basis and a dividend yield of 1.5%. Universal Display’s dividend payout ratio (DPR) is presently 38.79%.

Institutional Investors Weigh In On Universal Display

Hedge funds have recently made changes to their positions in the company. Rise Advisors LLC boosted its position in 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 buying an additional 87 shares in the last quarter. Whittier Trust Co. bought a new position in shares of Universal Display in the second quarter valued at approximately $30,000. Smartleaf Asset Management LLC boosted its holdings in shares of Universal Display by 309.8% in the 3rd quarter. Smartleaf Asset Management LLC now owns 209 shares of the semiconductor company’s stock worth $30,000 after acquiring an additional 158 shares in the last quarter. Parkside Financial Bank & Trust increased its holdings in Universal Display by 236.7% during the 2nd quarter. Parkside Financial Bank & Trust now owns 202 shares of the semiconductor company’s stock valued at $31,000 after purchasing an additional 142 shares in the last quarter. Finally, Measured Wealth Private Client Group LLC bought a new position in Universal Display in the 3rd quarter valued at $33,000. Institutional investors and hedge funds own 78.19% of the company’s stock.

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.