Universal Display Corporation (OLED) - What Are Analysts Thinking About This Stock?

Key Points

• Analysts have a mixed outlook: Universal Display has a consensus “Hold” rating from eight brokers, with three buys, three holds and two sells. The average 12-month price target is $114.
• Quarterly results were mixed: The company reported EPS of $1.06, above estimates of $1.03, but revenue of $152.16 million missed expectations and fell 11.4% year over year.
• Shares trade near $87: Universal Display has a $4 billion market capitalization and pays a quarterly dividend of $0.50, equivalent to a 2.3% annual yield; institutional investors own 78.19% of the stock.

Universal Display Corporation (NASDAQ:OLED - Get Free Report) has earned a consensus recommendation of "Hold" from the eight brokerages that are covering the stock, Marketbeat.com reports. Two investment analysts have rated the stock with a sell rating, three have assigned a hold rating and three have assigned a buy rating to the company. The average 1-year price objective among brokers that have issued a report on the stock in the last year is $114.00.

Several research analysts have commented on OLED shares. Weiss Ratings cut shares of Universal Display from a "hold (c-)" rating to a "sell (d+)" rating in a research report on Tuesday, July 28th. BTIG Research lowered shares of Universal Display to a "neutral" rating in a research note on Friday, July 31st. Susquehanna cut their price target on Universal Display from $110.00 to $90.00 and set a "neutral" rating on the stock in a report on Friday, July 31st. Zacks Research upgraded Universal Display from a "strong sell" rating to a "hold" rating in a research report on Thursday, August 13th. Finally, Citigroup downgraded Universal Display from a "neutral" rating to a "sell" rating and reduced their price objective for the stock from $85.00 to $71.00 in a research report on Thursday, October 8th.

Universal Display Stock Performance

Universal Display stock opened at $86.98 on Friday. The company has a 50-day simple moving average of $80.52 and a 200-day simple moving average of $85.97. The firm has a market capitalization of $4.00 billion, a P/E ratio of 21.06 and a beta of 1.53. Universal Display has a one year low of $70.77 and a one year high of $152.24.

Universal Display (NASDAQ:OLED - Get Free Report) last released its quarterly earnings data on Thursday, July 30th. The semiconductor company reported $1.06 earnings per share for the quarter, topping analysts' consensus estimates of $1.03 by $0.03. The business had revenue of $152.16 million for the quarter, compared to analysts' expectations of $157.54 million. Universal Display had a net margin of 32.24% and a return on equity of 11.35%. The company's revenue for the quarter was down 11.4% compared to the same quarter last year. During the same quarter last year, the company earned $1.41 EPS. As a group, sell-side analysts forecast that Universal Display will post 4.17 earnings per share for the current year.

Universal Display Announces Dividend

The firm also recently declared a quarterly dividend, which was paid on Wednesday, September 30th. Shareholders of record on Wednesday, September 16th were given a dividend of $0.50 per share. This represents a $2.00 dividend on an annualized basis and a yield of 2.3%. The ex-dividend date was Wednesday, September 16th. Universal Display's payout ratio is 48.43%.

Institutional Inflows and Outflows

Several institutional investors and hedge funds have recently modified their holdings of OLED. XXEC Inc. bought a new stake in shares of Universal Display during the second quarter valued at about $2,508,286,000. BlackRock Inc. acquired a new stake in Universal Display in the second quarter worth about $373,931,000. Primecap Management Co. CA acquired a new stake in Universal Display in the second quarter worth about $190,136,000. First Trust Advisors LP grew its position in Universal Display by 21.1% in the 1st quarter. First Trust Advisors LP now owns 976,423 shares of the semiconductor company's stock valued at $89,499,000 after buying an additional 169,969 shares in the last quarter. Finally, Dimensional Fund Advisors LP grew its position in Universal Display by 4.2% in the 1st quarter. Dimensional Fund Advisors LP now owns 757,166 shares of the semiconductor company's stock valued at $69,398,000 after buying an additional 30,661 shares in the last quarter. Institutional investors own 78.19% of the company's stock.

About Universal Display

Universal Display Corporation NASDAQ: OLED develops and commercializes technologies and materials used in organic light-emitting diode (OLED) displays and lighting. The company's portfolio includes phosphorescent OLED (PHOLED) materials, which are designed to improve display efficiency, along with OLED research, development and manufacturing technologies.

Universal Display supplies OLED emitter materials and related products to display manufacturers and licenses its intellectual property and technology.

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