Susquehanna Lowers Universal Display (NASDAQ:OLED) Price Target to $160.00

Universal Display (NASDAQ:OLED - Free Report) had its price target cut by Susquehanna from $165.00 to $160.00 in a research report sent to investors on Friday,Benzinga reports. They currently have a neutral rating on the semiconductor company's stock.

Other analysts also recently issued reports about the stock. The Goldman Sachs Group reduced their target price on shares of Universal Display from $234.00 to $203.00 and set a "buy" rating on the stock in a report on Thursday, February 6th. Citigroup decreased their price objective on Universal Display from $200.00 to $162.00 and set a "neutral" rating on the stock in a research report on Monday, February 10th. Oppenheimer dropped their target price on Universal Display from $220.00 to $200.00 and set an "outperform" rating for the company in a report on Thursday, January 2nd. Needham & Company LLC decreased their price target on Universal Display from $215.00 to $170.00 and set a "buy" rating on the stock in a report on Friday. Finally, TD Cowen lowered their price target on Universal Display from $250.00 to $225.00 and set a "buy" rating for the company in a research report on Thursday, October 31st. Two investment analysts have rated the stock with a hold rating and five have issued a buy rating to the company. Based on data from MarketBeat, the stock currently has a consensus rating of "Moderate Buy" and an average target price of $190.43.

Universal Display Stock Down 0.4 %

NASDAQ OLED traded down $0.58 during trading on Friday, hitting $157.32. 930,568 shares of the stock traded hands, compared to its average volume of 737,094. The company has a market capitalization of $7.47 billion, a P/E ratio of 33.83, a price-to-earnings-growth ratio of 1.61 and a beta of 1.39. Universal Display has a 12-month low of $140.17 and a 12-month high of $237.00. The firm has a 50-day simple moving average of $148.39 and a 200-day simple moving average of $173.84.

Universal Display (NASDAQ:OLED - Get Free Report) last posted its earnings results on Thursday, February 20th. The semiconductor company reported $1.22 earnings per share for the quarter, beating analysts' consensus estimates of $1.08 by $0.14. The firm had revenue of $162.29 million during the quarter, compared to analyst estimates of $152.75 million. Universal Display had a net margin of 34.29% and a return on equity of 15.51%. As a group, research analysts predict that Universal Display will post 4.71 EPS for the current fiscal year.

Universal Display Increases Dividend

The firm also recently declared a quarterly dividend, which will be paid on Monday, March 31st. Investors of record on Monday, March 17th will be paid a dividend of $0.45 per share. This is a positive change from Universal Display's previous quarterly dividend of $0.40. This represents a $1.80 dividend on an annualized basis and a dividend yield of 1.14%. The ex-dividend date is Monday, March 17th. Universal Display's dividend payout ratio (DPR) is currently 38.71%.

Institutional Trading of Universal Display

Hedge funds and other institutional investors have recently bought and sold shares of the business. Assetmark Inc. purchased a new stake in shares of Universal Display during the third quarter valued at $29,000. Orion Capital Management LLC bought a new stake in Universal Display during the 4th quarter valued at about $29,000. Brooklyn Investment Group bought a new stake in Universal Display during the 3rd quarter valued at about $30,000. Brown Brothers Harriman & Co. boosted its position in Universal Display by 280.0% in the 4th quarter. Brown Brothers Harriman & Co. now owns 209 shares of the semiconductor company's stock valued at $31,000 after buying an additional 154 shares during the period. Finally, Nisa Investment Advisors LLC grew its stake in Universal Display by 60.2% in the 3rd quarter. Nisa Investment Advisors LLC now owns 173 shares of the semiconductor company's stock worth $36,000 after acquiring an additional 65 shares in the last quarter. Hedge funds and other institutional investors own 78.19% of the company's stock.

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.