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 Trading Down 0.7 %

Shares of OLED traded down $0.93 during trading hours on Monday, reaching $125.22. The company had a trading volume of 288,067 shares, compared to its average volume of 437,984. The firm has a 50 day simple moving average of $112.90 and a 200-day simple moving average of $133.49. The company has a market capitalization of $5.91 billion, a price-to-earnings ratio of 32.52, a PEG ratio of 1.50 and a beta of 1.47. Universal Display has a 12-month low of $98.71 and a 12-month high of $211.99.

Universal Display (NASDAQ:OLED - Get Rating) last announced its quarterly earnings results on Thursday, August 4th. The semiconductor company reported $0.87 earnings per share (EPS) for the quarter, missing analysts' consensus estimates of $0.97 by ($0.10). Universal Display had a net margin of 31.80% and a return on equity of 16.55%. The company had revenue of $136.60 million during the quarter, compared to analysts' expectations of $151.21 million. During the same quarter in the prior year, the business earned $0.85 EPS. The business's revenue for the quarter was up 5.3% compared to the same quarter last year. Sell-side analysts forecast that Universal Display will post 4.07 earnings per share for the current year.

Universal Display Dividend Announcement

The firm also recently announced a quarterly dividend, which will be paid on Friday, September 30th. Shareholders of record on Friday, September 16th will be issued a dividend of $0.30 per share. The ex-dividend date is Thursday, September 15th. This represents a $1.20 annualized dividend and a yield of 0.96%. Universal Display's dividend payout ratio (DPR) is currently 31.17%.

Analysts Set New Price Targets

Several analysts have recently commented on the stock. The Goldman Sachs Group reduced their target price on shares of Universal Display from $225.00 to $192.00 and set a "buy" rating for the company in a research note on Thursday, July 28th. Bank of America cut shares of Universal Display from a "buy" rating to a "neutral" rating and reduced their target price for the stock from $190.00 to $135.00 in a research note on Wednesday, June 29th. DA Davidson reduced their target price on shares of Universal Display from $165.00 to $140.00 in a research note on Tuesday, July 26th. Deutsche Bank Aktiengesellschaft reduced their target price on shares of Universal Display from $180.00 to $150.00 and set a "buy" rating for the company in a research note on Monday, August 1st. Finally, Cowen reduced their target price on shares of Universal Display from $175.00 to $145.00 in a research note on Friday, August 5th. Two equities research analysts have rated the stock with a hold rating and six have given a buy rating to the company's stock. Based on data from MarketBeat.com, the company presently has an average 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 firm's stock in a transaction dated 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 transaction, the director now directly owns 190,366 shares in the company, valued at approximately $21,932,066.86. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink. 2.70% of the stock is currently owned by insiders.