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

Key Points

• Universal Display Corporation (NASDAQ:OLED) has an average recommendation of "Moderate Buy" from brokerages, with three hold ratings and five buy ratings.
• The company reported $1.41 earnings per share for the last quarter, surpassing the consensus estimate and marking an 8.4% revenue increase compared to the same quarter last year.
• Universal Display has declared a quarterly dividend of $0.45, with an annualized dividend yield of 1.3%, set to be paid on September 30th to shareholders of record on September 16th.

Shares of Universal Display Corporation (NASDAQ:OLED - Get Free Report) have received an average rating of "Moderate Buy" from the eight ratings firms that are currently covering the firm, Marketbeat.com reports. Three research analysts have rated the stock with a hold rating and five have assigned a buy rating to the company. The average 12 month price objective among brokerages that have updated their coverage on the stock in the last year is $190.4286.

Separately, Zacks Research lowered shares of Universal Display from a "strong-buy" rating to a "hold" rating in a research note on Tuesday, August 19th.

Universal Display Stock Performance

NASDAQ OLED traded up $1.89 on Friday, hitting $145.26. 26,314 shares of the stock were exchanged, compared to its average volume of 669,185. The stock has a fifty day moving average price of $143.00 and a two-hundred day moving average price of $143.06. The firm has a market capitalization of $6.90 billion, a P/E ratio of 28.36, a P/E/G ratio of 4.17 and a beta of 1.50. Universal Display has a 52-week low of $103.70 and a 52-week high of $215.90.

Universal Display (NASDAQ:OLED - Get Free Report) last posted its quarterly earnings data on Thursday, July 31st. The semiconductor company reported $1.41 EPS for the quarter, topping the consensus estimate of $1.18 by $0.23. The company had revenue of $171.79 million during the quarter, compared to analyst estimates of $161.58 million. Universal Display had a net margin of 36.95% and a return on equity of 15.82%. Universal Display's quarterly revenue was up 8.4% compared to the same quarter last year. During the same period in the previous year, the firm earned $1.10 earnings per share. Universal Display has set its FY 2025 guidance at EPS. Sell-side analysts expect that Universal Display will post 4.71 earnings per share for the current fiscal year.

Universal Display Dividend Announcement

The business also recently announced a quarterly dividend, which will be paid on Tuesday, September 30th. Stockholders of record on Tuesday, September 16th will be paid a dividend of $0.45 per share. This represents a $1.80 dividend on an annualized basis and a dividend yield of 1.2%. The ex-dividend date of this dividend is Tuesday, September 16th. Universal Display's payout ratio is currently 35.16%.

Institutional Trading of Universal Display

Several institutional investors and hedge funds have recently made changes to their positions in the company. Osaic Holdings Inc. raised its holdings in shares of Universal Display by 28.5% in the second quarter. Osaic Holdings Inc. now owns 25,751 shares of the semiconductor company's stock valued at $3,980,000 after acquiring an additional 5,707 shares in the last quarter. Advisory Services Network LLC raised its holdings in Universal Display by 4.5% in the second quarter. Advisory Services Network LLC now owns 56,950 shares of the semiconductor company's stock worth $8,224,000 after purchasing an additional 2,466 shares in the last quarter. Tower Research Capital LLC TRC raised its holdings in Universal Display by 7.1% in the second quarter. Tower Research Capital LLC TRC now owns 2,040 shares of the semiconductor company's stock worth $315,000 after purchasing an additional 136 shares in the last quarter. Corient Private Wealth LLC raised its holdings in Universal Display by 110.7% in the second quarter. Corient Private Wealth LLC now owns 30,774 shares of the semiconductor company's stock worth $4,754,000 after purchasing an additional 16,170 shares in the last quarter. Finally, Captrust Financial Advisors raised its holdings in Universal Display by 4.6% in the second quarter. Captrust Financial Advisors now owns 3,027 shares of the semiconductor company's stock worth $468,000 after purchasing an additional 134 shares in the last quarter. 78.19% of the stock is currently owned by institutional investors.

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.