Universal Display (NASDAQ:OLED - Free Report) had its price target lowered by Oppenheimer from $220.00 to $200.00 in a research note released on Thursday, Marketbeat.com reports. The firm currently has an outperform rating on the semiconductor company's stock.
Other analysts have also issued research reports about the stock. Needham & Company LLC decreased their target price on shares of Universal Display from $242.00 to $215.00 and set a "buy" rating on the stock in a report on Thursday, October 31st. TD Cowen dropped their price objective on Universal Display from $250.00 to $225.00 and set a "buy" rating for the company in a research note on Thursday, October 31st. Two analysts have rated the stock with a hold rating and five have assigned a buy rating to the company's stock. According to MarketBeat.com, the company has a consensus rating of "Moderate Buy" and an average target price of $207.86.
Check Out Our Latest Analysis on OLED
Universal Display Stock Performance
NASDAQ OLED traded up $3.43 during trading on Thursday, hitting $149.63. 477,709 shares of the company's stock traded hands, compared to its average volume of 407,514. The stock has a market capitalization of $7.10 billion, a price-to-earnings ratio of 30.05, a PEG ratio of 1.74 and a beta of 1.40. The business has a 50 day moving average of $166.07 and a 200-day moving average of $190.73. Universal Display has a 12-month low of $145.26 and a 12-month high of $237.00.
Universal Display (NASDAQ:OLED - Get Free Report) last issued its earnings results on Wednesday, October 30th. The semiconductor company reported $1.40 earnings per share (EPS) for the quarter, beating analysts' consensus estimates of $1.19 by $0.21. Universal Display had a net margin of 36.98% and a return on equity of 15.75%. The business had revenue of $161.63 million for the quarter, compared to analysts' expectations of $165.28 million. During the same quarter in the previous year, the firm posted $1.08 EPS. The business's revenue for the quarter was up 14.6% compared to the same quarter last year. On average, analysts expect that Universal Display will post 4.8 EPS for the current year.
Universal Display Dividend Announcement
The firm 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 annualized dividend and a dividend yield of 1.07%. The ex-dividend date was Tuesday, December 17th. Universal Display's dividend payout ratio (DPR) is presently 32.13%.
Insider Activity at Universal Display
In related news, Director Lawrence Lacerte acquired 742 shares of the company's stock in a transaction dated Monday, November 4th. The stock was purchased at an average price of $180.89 per share, with a total value of $134,220.38. Following the completion of the purchase, the director now owns 122,372 shares in the company, valued at $22,135,871.08. This trade represents a 0.61 % increase in their position. The acquisition was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink. 1.90% of the stock is owned by insiders.
Institutional Investors Weigh In On Universal Display
A number of large investors have recently added to or reduced their stakes in the company. Primecap Management Co. CA lifted its stake in Universal Display by 0.4% in the second quarter. Primecap Management Co. CA now owns 1,895,017 shares of the semiconductor company's stock worth $398,427,000 after acquiring an additional 7,435 shares during the period. Geode Capital Management LLC boosted its stake in shares of Universal Display by 1.9% during the 3rd quarter. Geode Capital Management LLC now owns 799,352 shares of the semiconductor company's stock valued at $167,825,000 after purchasing an additional 15,015 shares in the last quarter. Kayne Anderson Rudnick Investment Management LLC bought a new position in Universal Display in the second quarter worth about $127,668,000. Van ECK Associates Corp boosted its position in Universal Display by 27.2% during the 3rd quarter. Van ECK Associates Corp now owns 507,440 shares of the semiconductor company's stock valued at $101,914,000 after acquiring an additional 108,394 shares in the last quarter. Finally, Dimensional Fund Advisors LP boosted its position in Universal Display by 27.3% during the 2nd quarter. Dimensional Fund Advisors LP now owns 469,570 shares of the semiconductor company's stock valued at $98,725,000 after acquiring an additional 100,809 shares in the last quarter. Institutional investors own 78.19% of the company's stock.
About Universal Display
(
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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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