Universal Display Co. (NASDAQ:OLED) Receives Consensus Rating of "Moderate Buy" from Brokerages

Universal Display Co. (NASDAQ:OLED - Get Free Report) has been assigned a consensus recommendation of "Moderate Buy" from the seven brokerages that are currently covering the stock, MarketBeat.com reports. Two investment analysts have rated the stock with a hold rating and five have given a buy rating to the company. The average 1 year target price among brokers that have covered the stock in the last year is $190.43.

OLED has been the topic of a number of research analyst reports. Needham & Company LLC lowered their price target on Universal Display from $215.00 to $170.00 and set a "buy" rating on the stock in a report on Friday, February 21st. Susquehanna reduced their price objective on Universal Display from $165.00 to $160.00 and set a "neutral" rating on the stock in a research note on Friday, February 21st. Roth Mkm lifted their price objective on Universal Display from $207.00 to $213.00 and gave the stock a "buy" rating in a research note on Friday, February 21st. StockNews.com downgraded Universal Display from a "hold" rating to a "sell" rating in a research note on Friday, April 11th. Finally, The Goldman Sachs Group reduced their price objective on Universal Display from $234.00 to $203.00 and set a "buy" rating on the stock in a research note on Thursday, February 6th.

Hedge Funds Weigh In On Universal Display

A number of large investors have recently bought and sold shares of OLED. CIBC Asset Management Inc lifted its holdings in shares of Universal Display by 5.2% in the 4th quarter. CIBC Asset Management Inc now owns 1,473 shares of the semiconductor company's stock worth $215,000 after buying an additional 73 shares during the period. CIBC Private Wealth Group LLC lifted its holdings in shares of Universal Display by 5.6% in the 4th quarter. CIBC Private Wealth Group LLC now owns 1,615 shares of the semiconductor company's stock worth $245,000 after buying an additional 85 shares during the period. Arizona State Retirement System lifted its holdings in shares of Universal Display by 0.7% in the 4th quarter. Arizona State Retirement System now owns 13,065 shares of the semiconductor company's stock worth $1,910,000 after buying an additional 88 shares during the period. Commonwealth Equity Services LLC lifted its holdings in shares of Universal Display by 0.9% in the 4th quarter. Commonwealth Equity Services LLC now owns 10,091 shares of the semiconductor company's stock worth $1,475,000 after buying an additional 90 shares during the period. Finally, Bessemer Group Inc. lifted its holdings in shares of Universal Display by 3.8% in the 1st quarter. Bessemer Group Inc. now owns 2,603 shares of the semiconductor company's stock worth $363,000 after buying an additional 95 shares during the period. Hedge funds and other institutional investors own 78.19% of the company's stock.

Universal Display Stock Up 0.1 %

NASDAQ OLED traded up $0.13 during trading hours on Wednesday, reaching $126.54. The company's stock had a trading volume of 499,150 shares, compared to its average volume of 561,739. The firm's 50-day moving average price is $137.24 and its 200-day moving average price is $153.84. Universal Display has a 1 year low of $103.70 and a 1 year high of $237.00. The company has a market capitalization of $6.01 billion, a price-to-earnings ratio of 27.21, a PEG ratio of 1.61 and a beta of 1.42.

Universal Display (NASDAQ:OLED - Get Free Report) last posted its quarterly earnings results on Thursday, February 20th. The semiconductor company reported $1.22 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 company had revenue of $162.29 million for the quarter, compared to analysts' expectations of $152.75 million. Equities research analysts anticipate that Universal Display will post 4.71 EPS for the current fiscal year.

Universal Display Increases Dividend

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

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.