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

Key Points

• Universal Display Corporation has received a consensus recommendation of "Moderate Buy" from analysts, with five buy ratings and three hold ratings, along with a twelve-month price target of approximately $190.43.
• The company reported earnings of $1.41 per share, exceeding estimates, and a revenue of $171.79 million for the last quarter, marking an 8.4% year-over-year increase.
• Universal Display announced a quarterly dividend of $0.45 per share with a dividend yield of 1.3%, payable on September 30th to shareholders on record by September 16th.

Universal Display Corporation (NASDAQ:OLED - Get Free Report) has earned a consensus recommendation of "Moderate Buy" from the eight analysts that are 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 twelve-month price target among brokerages that have issued a report on the stock in the last year is $190.4286.

Several equities research analysts have recently weighed in on OLED shares. Wall Street Zen upgraded Universal Display from a "sell" rating to a "hold" rating in a research report on Friday, May 2nd. Zacks Research lowered Universal Display from a "strong-buy" rating to a "hold" rating in a research note on Tuesday, August 19th. Finally, Needham & Company LLC reissued a "buy" rating and set a $170.00 price objective on shares of Universal Display in a research note on Friday, May 2nd.

Universal Display Trading Down 1.3%

NASDAQ OLED opened at $142.93 on Tuesday. The company has a market cap of $6.79 billion, a P/E ratio of 27.92, a PEG ratio of 4.29 and a beta of 1.47. The company has a fifty day simple moving average of $149.28 and a 200 day simple moving average of $144.39. Universal Display has a 12-month low of $103.70 and a 12-month high of $215.90.

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 for the quarter, topping analysts' consensus estimates of $1.18 by $0.23. The company had revenue of $171.79 million for the quarter, compared to the consensus estimate of $161.58 million. Universal Display had a net margin of 36.95% and a return on equity of 15.82%. The firm's quarterly revenue was up 8.4% on a year-over-year basis. During the same period in the previous year, the firm earned $1.10 EPS. Universal Display has set its FY 2025 guidance at EPS. Sell-side analysts predict that Universal Display will post 4.71 EPS for the current year.

Universal Display Dividend Announcement

The business also recently disclosed 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 1.3%. The ex-dividend date of this dividend is Tuesday, September 16th. Universal Display's dividend payout ratio is 35.16%.

Hedge Funds Weigh In On Universal Display

A number of hedge funds and other institutional investors have recently made changes to their positions in OLED. Dimensional Fund Advisors LP raised its holdings in shares of Universal Display by 11.9% during the fourth quarter. Dimensional Fund Advisors LP now owns 499,089 shares of the semiconductor company's stock valued at $72,971,000 after acquiring an additional 53,146 shares in the last quarter. State of Tennessee Department of Treasury raised its holdings in shares of Universal Display by 24.5% during the fourth quarter. State of Tennessee Department of Treasury now owns 17,784 shares of the semiconductor company's stock valued at $2,600,000 after acquiring an additional 3,499 shares in the last quarter. Pinebridge Investments L.P. raised its holdings in shares of Universal Display by 42.7% during the fourth quarter. Pinebridge Investments L.P. now owns 11,835 shares of the semiconductor company's stock valued at $1,730,000 after acquiring an additional 3,542 shares in the last quarter. Price T Rowe Associates Inc. MD raised its holdings in shares of Universal Display by 10.0% during the fourth quarter. Price T Rowe Associates Inc. MD now owns 28,300 shares of the semiconductor company's stock valued at $4,138,000 after acquiring an additional 2,564 shares in the last quarter. Finally, Integrated Wealth Concepts LLC raised its holdings in shares of Universal Display by 42.8% during the fourth quarter. Integrated Wealth Concepts LLC now owns 4,126 shares of the semiconductor company's stock valued at $603,000 after acquiring an additional 1,237 shares in the last quarter. Institutional investors 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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