Universal Display - OLED Stock Forecast, Price & News

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. It owns, exclusively licenses, or has sole rights to sublicense approximately 5,500 issued and pending patents worldwide. The company supplies its proprietary UniversalPHOLED materials to display and lighting manufacturers, and others. It is also involved in the research, development, and commercialization of other OLED device and manufacturing technologies, including FOLED that are flexible OLEDs for the fabrication of OLEDs on flexible substrates; OVJP, an organic vapor jet printing technology; thin-film encapsulation technology for the packaging of flexible OLEDs and other thin-film devices, as well as for use as a barrier film for plastic substrates; and UniversalP2OLED, which are printable phosphorescent OLEDs. In addition, the company provides technology development and support services, including third-party collaboration and support to third parties for the commercialization of their OLED products. Further, it provides contract research services in the areas of chemical materials synthesis research, development, and commercialization for non-OLED applications. Universal Display Corporation was founded in 1985 and is headquartered in Ewing, New Jersey.

Universal Display Price Performance

Shares of NASDAQ:OLED traded up $3.86 during midday trading on Friday, hitting $125.68. The stock had a trading volume of 8,602 shares, compared to its average volume of 442,688. The firm has a market cap of $5.94 billion, a P/E ratio of 32.60, a price-to-earnings-growth ratio of 1.47 and a beta of 1.46. Universal Display has a fifty-two week low of $98.71 and a fifty-two week high of $211.99. The company's 50-day simple moving average is $112.90 and its 200 day simple moving average is $133.89.

Universal Display (NASDAQ:OLED - Get Rating) last announced its quarterly earnings data on Thursday, August 4th. The semiconductor company reported $0.87 EPS for the quarter, missing analysts' consensus estimates of $1.00 by ($0.13). The firm had revenue of $136.60 million during the quarter, compared to analyst estimates of $151.21 million. Universal Display had a return on equity of 16.55% and a net margin of 31.80%. Universal Display's revenue for the quarter was up 5.3% compared to the same quarter last year. During the same quarter in the previous year, the business earned $0.85 earnings per share. Equities analysts expect that Universal Display will post 4.07 EPS for the current fiscal year.

Universal Display Announces Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Friday, September 30th. Investors of record on Friday, September 16th will be issued a $0.30 dividend. The ex-dividend date is Thursday, September 15th. This represents a $1.20 annualized dividend and a yield of 0.95%. Universal Display's dividend payout ratio is currently 31.17%.

Analyst Upgrades and Downgrades

A number of research firms recently weighed in on OLED. Deutsche Bank Aktiengesellschaft lowered their target price on shares of Universal Display from $180.00 to $150.00 and set a "buy" rating on the stock in a research note on Monday, August 1st. Needham & Company LLC cut their target price on Universal Display from $165.00 to $140.00 and set a "buy" rating for the company in a research report on Tuesday, July 26th. The Goldman Sachs Group lowered their price target on Universal Display from $225.00 to $192.00 and set a "buy" rating on the stock in a research report on Thursday, July 28th. Bank of America lowered Universal Display from a "buy" rating to a "neutral" rating and dropped their price objective for the stock from $190.00 to $135.00 in a research note on Wednesday, June 29th. Finally, DA Davidson lowered their target price on shares of Universal Display from $165.00 to $140.00 in a report on Tuesday, July 26th. Two equities research analysts have rated the stock with a hold rating and six have given a buy rating to the stock. According to MarketBeat, the company presently has a consensus rating of "Moderate Buy" and an average target price of $168.30.

Insider Buying and Selling at Universal Display

In other Universal Display news, Director Lawrence Lacerte sold 10,366 shares of the company's stock in a transaction on Tuesday, August 9th. The shares were sold at an average price of $115.21, for a total transaction of $1,194,266.86. Following the completion of the sale, the director now owns 190,366 shares in the company, valued at approximately $21,932,066.86. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Insiders own 2.70% of the company's stock.