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

Universal Display Corporation (NASDAQ:OLED - Get Free Report) has been assigned a consensus rating of "Moderate Buy" from the seven ratings firms that are currently covering the company, MarketBeat Ratings reports. Two research analysts have rated the stock with a hold rating and five have given a buy rating to the company. The average 1-year price objective among analysts that have updated their coverage on the stock in the last year is $190.43.

A number of research firms have commented on OLED. Wall Street Zen raised shares of Universal Display from a "sell" rating to a "hold" rating in a research report on Friday, May 2nd. Needham & Company LLC reaffirmed a "buy" rating and issued a $170.00 target price on shares of Universal Display in a research report on Friday, May 2nd.

Universal Display Price Performance

NASDAQ OLED traded down $4.80 during mid-day trading on Monday, reaching $155.31. The stock had a trading volume of 511,458 shares, compared to its average volume of 611,216. Universal Display has a 1 year low of $103.70 and a 1 year high of $237.00. The stock has a market cap of $7.38 billion, a PE ratio of 32.29, a price-to-earnings-growth ratio of 1.73 and a beta of 1.51. The company has a fifty day moving average price of $150.12 and a 200 day moving average price of $144.89.

Universal Display (NASDAQ:OLED - Get Free Report) last posted its earnings results on Thursday, May 1st. The semiconductor company reported $1.35 EPS for the quarter, topping analysts' consensus estimates of $1.07 by $0.28. Universal Display had a net margin of 35.40% and a return on equity of 15.35%. The business had revenue of $166.28 million during the quarter, compared to the consensus estimate of $154.76 million. During the same quarter in the previous year, the firm posted $1.19 EPS. The firm's revenue was up .6% on a year-over-year basis. As a group, equities research analysts expect that Universal Display will post 4.71 earnings per share for the current year.

Universal Display Announces Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Monday, June 30th. Stockholders of record on Monday, June 16th were given a dividend of $0.45 per share. This represents a $1.80 dividend on an annualized basis and a dividend yield of 1.16%. The ex-dividend date of this dividend was Monday, June 16th. Universal Display's payout ratio is 37.42%.

Institutional Investors Weigh In On Universal Display

A number of hedge funds have recently modified their holdings of the business. Vanguard Group Inc. grew its position in shares of Universal Display by 1.4% during the 4th quarter. Vanguard Group Inc. now owns 4,784,099 shares of the semiconductor company's stock valued at $699,435,000 after acquiring an additional 67,590 shares during the period. Kayne Anderson Rudnick Investment Management LLC grew its position in shares of Universal Display by 73.8% during the 1st quarter. Kayne Anderson Rudnick Investment Management LLC now owns 4,407,846 shares of the semiconductor company's stock valued at $614,806,000 after acquiring an additional 1,871,333 shares during the period. Primecap Management Co. CA grew its position in shares of Universal Display by 2.1% during the 1st quarter. Primecap Management Co. CA now owns 1,835,722 shares of the semiconductor company's stock valued at $256,047,000 after acquiring an additional 38,590 shares during the period. Geode Capital Management LLC grew its position in shares of Universal Display by 12.8% during the 4th quarter. Geode Capital Management LLC now owns 901,315 shares of the semiconductor company's stock valued at $131,806,000 after acquiring an additional 101,963 shares during the period. Finally, Norges Bank bought a new stake in shares of Universal Display during the 4th quarter valued at $95,924,000. Institutional investors own 78.19% of the company's stock.

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.