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.
View Our Latest Stock Analysis on OLED
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
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Get Free ReportUniversal 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.
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