Universal Display Co. (NASDAQ:OLED - Get Free Report)'s share price reached a new 52-week low during trading on Monday . The stock traded as low as $137.77 and last traded at $140.94, with a volume of 36453 shares. The stock had previously closed at $145.17.
Analyst Ratings Changes
Several brokerages have recently issued reports on OLED. Oppenheimer decreased their target price on Universal Display from $220.00 to $200.00 and set an "outperform" rating for the company in a research report on Thursday, January 2nd. 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. Needham & Company LLC reduced their price objective on shares of Universal Display from $215.00 to $170.00 and set a "buy" rating for the company in a research note on Friday, February 21st. Citigroup cut 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. Finally, Susquehanna lowered their price target on Universal Display from $165.00 to $160.00 and set a "neutral" rating on the stock in a research report on Friday, February 21st. Three investment analysts have rated the stock with a hold rating and five have assigned a buy rating to the company's stock. According to data from MarketBeat.com, the company currently has an average rating of "Moderate Buy" and a consensus target price of $190.43.
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Universal Display Price Performance
The company's 50-day simple moving average is $148.26 and its two-hundred day simple moving average is $166.34. The firm has a market capitalization of $5.38 billion, a P/E ratio of 24.39, a P/E/G ratio of 1.61 and a beta of 1.40.
Universal Display (NASDAQ:OLED - Get Free Report) last announced its quarterly earnings data on Thursday, February 20th. The semiconductor company reported $1.22 EPS for the quarter, beating the consensus estimate of $1.08 by $0.14. Universal Display had a net margin of 34.29% and a return on equity of 15.51%. The firm had revenue of $162.29 million for the quarter, compared to the consensus estimate of $152.75 million. Analysts predict that Universal Display Co. will post 4.71 earnings per share 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 paid a $0.45 dividend. This represents a $1.80 annualized dividend and a dividend yield of 1.59%. 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. Universal Display's dividend payout ratio (DPR) is presently 38.71%.
Institutional Trading of Universal Display
A number of hedge funds and other institutional investors have recently bought and sold shares of OLED. Pacer Advisors Inc. grew its position in shares of Universal Display by 37.2% during the 4th quarter. Pacer Advisors Inc. now owns 27,246 shares of the semiconductor company's stock worth $3,983,000 after buying an additional 7,390 shares in the last quarter. Stifel Financial Corp grew its holdings in Universal Display by 200.0% in the third quarter. Stifel Financial Corp now owns 120,234 shares of the semiconductor company's stock worth $25,237,000 after purchasing an additional 80,162 shares during the last quarter. Charles Schwab Investment Management Inc. increased its position in Universal Display by 2.1% during the 4th quarter. Charles Schwab Investment Management Inc. now owns 341,019 shares of the semiconductor company's stock valued at $49,857,000 after buying an additional 7,147 shares in the last quarter. Wealth Enhancement Advisory Services LLC boosted its stake in Universal Display by 95.1% in the 4th quarter. Wealth Enhancement Advisory Services LLC now owns 189,603 shares of the semiconductor company's stock worth $27,720,000 after purchasing an additional 92,410 shares in the last quarter. Finally, Inspire Investing LLC acquired a new stake in shares of Universal Display during the fourth quarter worth $462,000. Hedge funds and other institutional investors own 78.19% of the company's stock.
Universal Display Company Profile
(
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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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