Analysts Set Universal Display Corporation (NASDAQ:OLED) PT at $190.43

Key Points

• Universal Display Corporation (NASDAQ:OLED) has received an average rating of "Moderate Buy" from seven brokerages, with two analysts rating it as a hold and five as a buy, alongside a 1-year price target of $190.43.
• Institutional investors have increased their positions, with major firms like Kayne Anderson Rudnick Investment Management boosting their stake by 73.8% in the first quarter, leading to 78.19% institutional ownership of the stock.
• The company recently reported a net margin of 35.40% and $171.79 million in revenue for the last quarter, surpassing analysts' expectations, along with a quarterly dividend of $0.45 per share scheduled for distribution on September 30th.

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

Several analysts have recently issued reports on the stock. Wall Street Zen raised shares of Universal Display from a "sell" rating to a "hold" rating in a research note on Friday, May 2nd. Needham & Company LLC reiterated a "buy" rating and issued a $170.00 price objective on shares of Universal Display in a report on Friday, May 2nd.

Universal Display Price Performance

Shares of OLED stock traded up $0.58 during midday trading on Friday, reaching $144.98. 1,119,441 shares of the company traded hands, compared to its average volume of 418,277. Universal Display has a 1-year low of $103.70 and a 1-year high of $215.90. The firm has a market cap of $6.89 billion, a PE ratio of 28.32, a price-to-earnings-growth ratio of 1.57 and a beta of 1.47. The firm's 50 day simple moving average is $152.47 and its two-hundred day simple moving average is $145.13.

Universal Display (NASDAQ:OLED - Get Free Report) last issued its quarterly earnings data on Thursday, July 31st. The semiconductor company reported $1.41 earnings per share (EPS) for the quarter, topping the consensus estimate of $1.20 by $0.21. The firm had revenue of $171.79 million during the quarter, compared to the consensus estimate of $161.58 million. Universal Display had a return on equity of 16.05% and a net margin of 36.95%. The company's quarterly revenue was up 8.4% compared to the same quarter last year. During the same period in the previous year, the firm posted $1.10 EPS. As a group, research analysts anticipate that Universal Display will post 4.71 earnings per share for the current fiscal year.

Universal Display Dividend Announcement

The firm also recently disclosed a quarterly dividend, which will be paid on Tuesday, September 30th. Investors of record on Tuesday, September 16th will be paid a dividend of $0.45 per share. The ex-dividend date is Tuesday, September 16th. This represents a $1.80 annualized dividend and a yield of 1.2%. Universal Display's dividend payout ratio is 37.42%.

Institutional Investors Weigh In On Universal Display

Institutional investors and hedge funds have recently bought and sold shares of the business. Impact Capital Partners LLC grew its position in Universal Display by 1.4% in the 2nd quarter. Impact Capital Partners LLC now owns 4,823 shares of the semiconductor company's stock worth $745,000 after purchasing an additional 67 shares during the last quarter. Parallel Advisors LLC lifted its position in shares of Universal Display by 9.7% in the 2nd quarter. Parallel Advisors LLC now owns 848 shares of the semiconductor company's stock valued at $131,000 after acquiring an additional 75 shares in the last quarter. Prudential PLC lifted its position in shares of Universal Display by 2.1% in the 1st 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 lifted its position in 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 in the last quarter. Finally, Rise Advisors LLC lifted its position in Universal Display by 87.9% in the 1st quarter. Rise Advisors LLC now owns 186 shares of the semiconductor company's stock worth $26,000 after buying an additional 87 shares in the last quarter. Institutional investors and hedge funds own 78.19% of the company's stock.

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.