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

Key Points

• Universal Display Corporation (NASDAQ:OLED) has received a consensus recommendation of "Moderate Buy" from analysts, with four ratings for hold and five for buy.
• The company reported an earnings per share (EPS) of $1.41 for the last quarter, exceeding the consensus estimate of $1.18 and representing an 8.4% increase in revenue compared to the previous year.
• Universal Display recently announced a quarterly dividend of $0.45, yielding approximately 1.3%, with a payout ratio currently at 35.16%.

Shares of Universal Display Corporation (NASDAQ:OLED - Get Free Report) have been assigned a consensus recommendation of "Moderate Buy" from the nine ratings firms that are presently covering the firm, MarketBeat.com reports. Four analysts have rated the stock with a hold recommendation and five have assigned a buy recommendation to the company. The average twelve-month price objective among brokerages that have issued a report on the stock in the last year is $190.4286.

OLED has been the topic of a number of research reports. Zacks Research downgraded Universal Display from a "strong-buy" rating to a "hold" rating in a research note on Tuesday, August 19th. Weiss Ratings reaffirmed a "hold (c)" rating on shares of Universal Display in a research report on Wednesday, October 8th.

Universal Display Stock Performance

Shares of NASDAQ OLED opened at $141.69 on Wednesday. The company has a market capitalization of $6.73 billion, a P/E ratio of 27.67, a price-to-earnings-growth ratio of 4.23 and a beta of 1.55. Universal Display has a 52-week low of $103.70 and a 52-week high of $214.57. The company's 50 day moving average price is $141.69 and its 200-day moving average price is $142.33.

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

Universal Display Announces Dividend

The firm also recently announced a quarterly dividend, which was paid on Tuesday, September 30th. Investors of record on Tuesday, September 16th were issued a $0.45 dividend. This represents a $1.80 dividend on an annualized basis and a dividend yield of 1.3%. The ex-dividend date was Tuesday, September 16th. Universal Display's dividend payout ratio is currently 35.16%.

Institutional Investors Weigh In On Universal Display

A number of institutional investors and hedge funds have recently made changes to their positions in OLED. Impact Capital Partners LLC raised its stake in shares of Universal Display by 1.4% in the second 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 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. Farther Finance Advisors LLC raised its position in Universal Display by 27.2% in the 3rd quarter. Farther Finance Advisors LLC now owns 351 shares of the semiconductor company's stock valued at $50,000 after buying an additional 75 shares during the last quarter. Prudential PLC raised its position in 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 buying an additional 83 shares during the last quarter. Finally, Wealth Alliance LLC raised its position in Universal Display by 4.0% in the 2nd quarter. Wealth Alliance LLC now owns 2,186 shares of the semiconductor company's stock valued at $338,000 after buying an additional 85 shares during 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.

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