Universal Display (NASDAQ:OLED) Hits New 12-Month Low - Time to Sell?

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.

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

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.