Universal Display Co. (NASDAQ:OLED) Receives Consensus Recommendation of "Moderate Buy" from Analysts

Shares of Universal Display Co. (NASDAQ:OLED - Get Free Report) have been assigned a consensus rating of "Moderate Buy" from the seven ratings firms that are covering the stock, Marketbeat.com reports. Two equities research analysts have rated the stock with a hold rating and five have assigned a buy rating to the company. The average 1-year price target among brokers that have updated their coverage on the stock in the last year is $207.86.

OLED has been the topic of several recent research reports. TD Cowen lowered their target price on Universal Display from $250.00 to $225.00 and set a "buy" rating on the stock in a report on Thursday, October 31st. Oppenheimer decreased their price objective on Universal Display from $220.00 to $200.00 and set an "outperform" rating on the stock in a report on Thursday, January 2nd. Finally, Needham & Company LLC decreased their price objective on Universal Display from $242.00 to $215.00 and set a "buy" rating on the stock in a report on Thursday, October 31st.

Insider Transactions at Universal Display

In related news, Director Lawrence Lacerte acquired 742 shares of the business's stock in a transaction dated Monday, November 4th. The shares were acquired at an average price of $180.89 per share, with a total value of $134,220.38. Following the completion of the transaction, the director now owns 122,372 shares of the company's stock, valued at $22,135,871.08. The trade was a 0.61 % increase in their ownership of the stock. The acquisition was disclosed in a legal filing with the SEC, which can be accessed through this hyperlink. Corporate insiders own 1.90% of the company's stock.

Hedge Funds Weigh In On Universal Display

Several large investors have recently bought and sold shares of OLED. Kayne Anderson Rudnick Investment Management LLC purchased a new position in Universal Display in the second quarter valued at $127,668,000. Citigroup Inc. boosted its stake in Universal Display by 1,387.6% in the third quarter. Citigroup Inc. now owns 261,723 shares of the semiconductor company's stock valued at $54,936,000 after acquiring an additional 244,129 shares in the last quarter. Raymond James & Associates boosted its stake in Universal Display by 629.9% in the third quarter. Raymond James & Associates now owns 269,414 shares of the semiconductor company's stock valued at $56,550,000 after acquiring an additional 232,503 shares in the last quarter. Barclays PLC boosted its stake in Universal Display by 753.8% in the third quarter. Barclays PLC now owns 212,518 shares of the semiconductor company's stock valued at $44,608,000 after acquiring an additional 187,627 shares in the last quarter. Finally, CloudAlpha Capital Management Limited Hong Kong acquired a new position in Universal Display in the second quarter valued at $34,558,000. Hedge funds and other institutional investors own 78.19% of the company's stock.

Universal Display Trading Down 1.9 %

NASDAQ:OLED traded down $2.81 during trading hours on Monday, hitting $145.26. 147,830 shares of the stock were exchanged, compared to its average volume of 449,541. Universal Display has a 52-week low of $143.83 and a 52-week high of $237.00. The firm's fifty day moving average price is $160.63 and its 200 day moving average price is $188.12. The company has a market cap of $6.89 billion, a P/E ratio of 29.17, a P/E/G ratio of 1.74 and a beta of 1.40.

Universal Display (NASDAQ:OLED - Get Free Report) last posted its quarterly earnings data on Wednesday, October 30th. The semiconductor company reported $1.40 EPS for the quarter, topping the consensus estimate of $1.19 by $0.21. The company had revenue of $161.63 million during the quarter, compared to analyst estimates of $165.28 million. Universal Display had a return on equity of 15.75% and a net margin of 36.98%. Universal Display's quarterly revenue was up 14.6% on a year-over-year basis. During the same period in the previous year, the business earned $1.08 EPS. Equities analysts expect that Universal Display will post 4.8 EPS for the current fiscal year.

Universal Display Dividend Announcement

The company also recently declared a quarterly dividend, which was paid on Tuesday, December 31st. Shareholders of record on Tuesday, December 17th were paid a dividend of $0.40 per share. This represents a $1.60 dividend on an annualized basis and a yield of 1.10%. The ex-dividend date of this dividend was Tuesday, December 17th. Universal Display's dividend payout ratio (DPR) is 32.13%.

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.