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

Shares of Universal Display Co. (NASDAQ:OLED - Get Free Report) have earned an average rating of "Moderate Buy" from the seven analysts that are covering the firm, Marketbeat reports. Two investment analysts have rated the stock with a hold recommendation and five have assigned a buy recommendation to the company. The average twelve-month price objective among brokers that have issued ratings on the stock in the last year is $190.43.

Several brokerages recently commented on OLED. Wall Street Zen raised Universal Display from a "sell" rating to a "hold" rating in a research note on Friday, May 2nd. Needham & Company LLC restated a "buy" rating and set a $170.00 price target on shares of Universal Display in a research note on Friday, May 2nd. Susquehanna cut their price target on shares of Universal Display from $165.00 to $160.00 and set a "neutral" rating on the stock in a report on Friday, February 21st. Finally, Roth Mkm lifted their price objective on shares of Universal Display from $207.00 to $213.00 and gave the company a "buy" rating in a research note on Friday, February 21st.

Institutional Inflows and Outflows

Several institutional investors have recently bought and sold shares of the company. Rise Advisors LLC boosted its holdings in Universal Display by 87.9% during the first quarter. Rise Advisors LLC now owns 186 shares of the semiconductor company's stock valued at $26,000 after acquiring an additional 87 shares during the period. Orion Capital Management LLC bought a new position in Universal Display in the 4th quarter worth approximately $29,000. Brown Brothers Harriman & Co. increased its position in Universal Display by 280.0% in the 4th quarter. Brown Brothers Harriman & Co. now owns 209 shares of the semiconductor company's stock worth $31,000 after buying an additional 154 shares during the period. Golden State Wealth Management LLC lifted its holdings in shares of Universal Display by 4,700.0% during the first quarter. Golden State Wealth Management LLC now owns 240 shares of the semiconductor company's stock worth $33,000 after buying an additional 235 shares during the last quarter. Finally, Blue Trust Inc. boosted its position in shares of Universal Display by 401.9% in the fourth quarter. Blue Trust Inc. now owns 261 shares of the semiconductor company's stock valued at $38,000 after acquiring an additional 209 shares during the period. Institutional investors own 78.19% of the company's stock.

Universal Display Stock Down 1.0%

Shares of NASDAQ:OLED traded down $1.65 during trading on Thursday, reaching $159.13. 303,152 shares of the company traded hands, compared to its average volume of 601,346. The firm has a fifty day simple moving average of $136.06 and a 200 day simple moving average of $145.55. Universal Display has a 1-year low of $103.70 and a 1-year high of $237.00. The firm has a market cap of $7.56 billion, a P/E ratio of 34.22, a price-to-earnings-growth ratio of 1.61 and a beta of 1.50.

Universal Display (NASDAQ:OLED - Get Free Report) last released its quarterly earnings data on Thursday, May 1st. The semiconductor company reported $1.35 earnings per share (EPS) for the quarter, beating analysts' consensus estimates of $1.07 by $0.28. Universal Display had a return on equity of 15.51% and a net margin of 34.29%. The firm had revenue of $166.28 million during the quarter, compared to analysts' expectations of $154.76 million. During the same quarter last year, the firm earned $1.19 earnings per share. The business's revenue for the quarter was up .6% on a year-over-year basis. As a group, research analysts anticipate that Universal Display will post 4.71 EPS for the current year.

Universal Display Dividend Announcement

The company also recently disclosed a quarterly dividend, which will be paid on Monday, June 30th. Stockholders of record on Monday, June 16th will be paid a $0.45 dividend. This represents a $1.80 dividend on an annualized basis and a dividend yield of 1.13%. The ex-dividend date of this dividend is Monday, June 16th. Universal Display's payout ratio is 37.42%.

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.