Universal Display Corporation (NASDAQ:OLED) Receives $190.43 Consensus Target Price from Analysts

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 an average recommendation of "Moderate Buy" from the eight analysts that are presently covering the stock, MarketBeat Ratings reports. Three analysts have rated the stock with a hold rating and five have assigned a buy rating to the company. The average 1-year target price among brokers that have issued a report on the stock in the last year is $190.4286.

A number of equities research analysts have recently issued reports on OLED shares. Needham & Company LLC reaffirmed a "buy" rating and set a $170.00 target price on shares of Universal Display in a research report on Friday, May 2nd. Wall Street Zen raised Universal Display from a "sell" rating to a "hold" rating in a research report on Friday, May 2nd. Finally, Zacks Research lowered Universal Display from a "strong-buy" rating to a "hold" rating in a research report on Tuesday, August 19th.

Universal Display Trading Down 1.9%

Shares of Universal Display stock traded down $2.63 on Tuesday, reaching $138.59. 446,661 shares of the company were exchanged, compared to its average volume of 537,144. The stock has a fifty day moving average price of $148.37 and a 200-day moving average price of $144.34. The firm has a market capitalization of $6.59 billion, a price-to-earnings ratio of 27.07, a price-to-earnings-growth ratio of 4.07 and a beta of 1.47. Universal Display has a fifty-two week low of $103.70 and a fifty-two week high of $215.90.

Universal Display (NASDAQ:OLED - Get Free Report) last announced its earnings results on Thursday, July 31st. The semiconductor company reported $1.41 earnings per share (EPS) 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 analyst estimates of $161.58 million. Universal Display had a return on equity of 15.82% and a net margin of 36.95%.Universal Display's revenue for the quarter 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. On average, equities 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 declared a quarterly dividend, which will be paid on Tuesday, September 30th. Investors of record on Tuesday, September 16th will be given a dividend of $0.45 per share. This represents a $1.80 annualized dividend and a yield of 1.3%. The ex-dividend date of this dividend is Tuesday, September 16th. Universal Display's payout ratio is presently 35.16%.

Institutional Inflows and Outflows

Several large investors have recently bought and sold shares of OLED. Dimensional Fund Advisors LP raised its position in 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 buying an additional 53,146 shares during the period. State of Tennessee Department of Treasury raised its position in 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 buying an additional 3,499 shares during the period. Pinebridge Investments L.P. raised its position in 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 buying an additional 3,542 shares during the period. Price T Rowe Associates Inc. MD raised its position in 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 buying an additional 2,564 shares during the period. Finally, Integrated Wealth Concepts LLC raised its position in 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 buying an additional 1,237 shares during the period. 78.19% of the stock is owned by institutional investors and hedge funds.

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.