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

Shares of Universal Display Co. (NASDAQ:OLED - Get Free Report) have received an average rating of "Moderate Buy" from the seven ratings firms that are covering the firm, MarketBeat Ratings reports. Two research analysts have rated the stock with a hold recommendation and five have assigned a buy recommendation to the company. The average 1-year target price among analysts that have issued a report on the stock in the last year is $190.43.

Several brokerages have commented on OLED. Roth Mkm raised their price objective on shares of Universal Display from $207.00 to $213.00 and gave the stock a "buy" rating in a report on Friday, February 21st. Oppenheimer dropped their price target on Universal Display from $220.00 to $200.00 and set an "outperform" rating on the stock in a research report on Thursday, January 2nd. Citigroup decreased their price objective on Universal Display from $200.00 to $162.00 and set a "neutral" rating for the company in a report on Monday, February 10th. Susquehanna reduced their target price on shares of Universal Display from $165.00 to $160.00 and set a "neutral" rating on the stock in a research report on Friday, February 21st. Finally, The Goldman Sachs Group lowered their target price on shares of Universal Display from $234.00 to $203.00 and set a "buy" rating for the company in a report on Thursday, February 6th.

Institutional Investors Weigh In On Universal Display

A number of large investors have recently added to or reduced their stakes in the stock. Orion Capital Management LLC bought a new stake in shares of Universal Display in the fourth quarter worth $29,000. Brown Brothers Harriman & Co. grew its stake in shares of Universal Display by 280.0% during the 4th quarter. Brown Brothers Harriman & Co. now owns 209 shares of the semiconductor company's stock valued at $31,000 after purchasing an additional 154 shares during the period. Blue Trust Inc. increased its position in shares of Universal Display by 401.9% during the 4th quarter. Blue Trust Inc. now owns 261 shares of the semiconductor company's stock valued at $38,000 after purchasing an additional 209 shares during the last quarter. Aster Capital Management DIFC Ltd bought a new stake in Universal Display during the fourth quarter valued at approximately $40,000. Finally, Farther Finance Advisors LLC increased its holdings in Universal Display by 761.1% during the fourth quarter. Farther Finance Advisors LLC now owns 310 shares of the semiconductor company's stock valued at $45,000 after buying an additional 274 shares during the last quarter. Institutional investors own 78.19% of the company's stock.

Universal Display Trading Up 2.0 %

OLED stock opened at $116.08 on Wednesday. The firm's 50-day moving average price is $138.84 and its two-hundred day moving average price is $156.56. The stock has a market capitalization of $5.51 billion, a price-to-earnings ratio of 24.96, a PEG ratio of 1.61 and a beta of 1.42. Universal Display has a 12-month low of $103.70 and a 12-month high of $237.00.

Universal Display (NASDAQ:OLED - Get Free Report) last released its quarterly earnings results on Thursday, February 20th. The semiconductor company reported $1.22 EPS for the quarter, beating 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 analyst estimates of $152.75 million. Equities analysts predict that Universal Display will post 4.71 EPS for the current year.

Universal Display Increases Dividend

The business also recently disclosed a quarterly dividend, which was paid on Monday, March 31st. Stockholders of record on Monday, March 17th were issued a dividend of $0.45 per share. This represents a $1.80 annualized dividend and a dividend yield of 1.55%. This is a boost from Universal Display's previous quarterly dividend of $0.40. The ex-dividend date of this dividend was Monday, March 17th. Universal Display's payout ratio is presently 38.71%.

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.

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