Universal Display Co. (NASDAQ:OLED) Receives $190.43 Average PT from Analysts

Shares of Universal Display Co. (NASDAQ:OLED - Get Free Report) have received a consensus recommendation of "Moderate Buy" from the seven research firms that are covering the stock, Marketbeat Ratings reports. Two 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 analysts that have covered the stock in the last year is $190.43.

Several equities research analysts recently commented on OLED shares. Needham & Company LLC cut their target price on shares of Universal Display from $215.00 to $170.00 and set a "buy" rating on the stock in a research report on Friday, February 21st. The Goldman Sachs Group cut their price target 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. Susquehanna decreased their price objective on Universal Display from $165.00 to $160.00 and set a "neutral" rating for the company in a report on Friday, February 21st. StockNews.com upgraded Universal Display from a "sell" rating to a "hold" rating in a research report on Friday, March 21st. Finally, Oppenheimer decreased their price target on Universal Display from $220.00 to $200.00 and set an "outperform" rating for the company in a research note on Thursday, January 2nd.

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Universal Display Stock Up 0.0 %

Shares of NASDAQ:OLED traded up $0.01 during trading on Friday, hitting $138.90. 394,710 shares of the company were exchanged, compared to its average volume of 512,522. Universal Display has a 1-year low of $131.87 and a 1-year high of $237.00. The company has a market capitalization of $6.59 billion, a P/E ratio of 29.87, a price-to-earnings-growth ratio of 1.61 and a beta of 1.40. The business's 50 day moving average is $148.87 and its 200-day moving average is $166.68.

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

Universal Display Increases Dividend

The firm also recently announced a quarterly dividend, which was paid on Monday, March 31st. Investors of record on Monday, March 17th were given a dividend of $0.45 per share. This is a positive change from Universal Display's previous quarterly dividend of $0.40. The ex-dividend date of this dividend was Monday, March 17th. This represents a $1.80 annualized dividend and a dividend yield of 1.30%. Universal Display's dividend payout ratio is presently 38.71%.

Hedge Funds Weigh In On Universal Display

Several institutional investors have recently added to or reduced their stakes in OLED. Wealth Enhancement Advisory Services LLC increased its stake in shares of Universal Display by 36.9% in the 4th quarter. Wealth Enhancement Advisory Services LLC now owns 133,042 shares of the semiconductor company's stock valued at $19,451,000 after acquiring an additional 35,849 shares in the last quarter. Azzad Asset Management Inc. ADV raised its holdings in shares of Universal Display by 2.1% during the fourth quarter. Azzad Asset Management Inc. ADV now owns 13,559 shares of the semiconductor company's stock valued at $1,982,000 after purchasing an additional 281 shares during the period. Jefferies Financial Group Inc. grew its stake in shares of Universal Display by 171.2% in the 4th quarter. Jefferies Financial Group Inc. now owns 3,206 shares of the semiconductor company's stock valued at $469,000 after buying an additional 2,024 shares during the period. Polar Asset Management Partners Inc. increased its position in Universal Display by 90.2% in the 4th quarter. Polar Asset Management Partners Inc. now owns 120,000 shares of the semiconductor company's stock valued at $17,544,000 after buying an additional 56,900 shares in the last quarter. Finally, Kayne Anderson Rudnick Investment Management LLC raised its stake in Universal Display by 2.8% during the 4th quarter. Kayne Anderson Rudnick Investment Management LLC now owns 2,536,513 shares of the semiconductor company's stock worth $370,838,000 after buying an additional 69,043 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.