Universal Display Corporation (NASDAQ:OLED) Receives Average Recommendation of "Moderate Buy" from Analysts

Shares of Universal Display Corporation (NASDAQ:OLED - Get Free Report) have earned a consensus recommendation of "Moderate Buy" from the seven analysts that are currently covering the firm, Marketbeat reports. Two research analysts have rated the stock with a hold recommendation and five have given a buy recommendation to the company. The average 1 year price objective among analysts that have issued a report on the stock in the last year is $190.43.

A number of brokerages have recently issued reports 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 reaffirmed a "buy" rating and set a $170.00 price target on shares of Universal Display in a research note on Friday, May 2nd.

Universal Display Stock Performance

Shares of NASDAQ:OLED traded up $0.48 during midday trading on Monday, reaching $157.68. The company's stock had a trading volume of 340,740 shares, compared to its average volume of 612,432. The firm has a market capitalization of $7.49 billion, a price-to-earnings ratio of 32.78, a PEG ratio of 1.70 and a beta of 1.51. The firm has a 50 day moving average price of $151.78 and a two-hundred day moving average price of $145.12. Universal Display has a fifty-two week low of $103.70 and a fifty-two week high of $237.00.

Universal Display (NASDAQ:OLED - Get Free Report) last announced 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. The company had revenue of $166.28 million for the quarter, compared to the consensus estimate of $154.76 million. Universal Display had a return on equity of 15.35% and a net margin of 35.40%. The firm's revenue was up .6% compared to the same quarter last year. During the same period in the previous year, the business earned $1.19 EPS. As a group, research analysts anticipate that Universal Display will post 4.71 earnings per share for the current year.

Universal Display Dividend Announcement

The company also recently declared a quarterly dividend, which was paid on Monday, June 30th. Investors of record on Monday, June 16th were paid a dividend of $0.45 per share. This represents a $1.80 dividend on an annualized basis and a yield of 1.14%. The ex-dividend date was Monday, June 16th. Universal Display's dividend payout ratio (DPR) is currently 37.42%.

Institutional Trading of Universal Display

Several institutional investors and hedge funds have recently modified their holdings of the stock. Parallel Advisors LLC raised its stake in shares of Universal Display by 9.7% in the second quarter. Parallel Advisors LLC now owns 848 shares of the semiconductor company's stock worth $131,000 after purchasing an additional 75 shares during the last quarter. Prudential PLC grew its holdings in shares of Universal Display by 2.1% in the first quarter. Prudential PLC now owns 4,109 shares of the semiconductor company's stock valued at $573,000 after acquiring an additional 83 shares in the last quarter. CIBC Private Wealth Group LLC grew its holdings in shares of Universal Display by 5.6% in the fourth quarter. CIBC Private Wealth Group LLC now owns 1,615 shares of the semiconductor company's stock valued at $245,000 after acquiring an additional 85 shares in the last quarter. Rise Advisors LLC grew its holdings in shares of Universal Display by 87.9% in 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 in the last quarter. Finally, Arizona State Retirement System grew its holdings in shares of Universal Display by 0.7% in the fourth quarter. Arizona State Retirement System now owns 13,065 shares of the semiconductor company's stock valued at $1,910,000 after acquiring an additional 88 shares in the last quarter. 78.19% of the stock is owned by hedge funds and other institutional investors.

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.