Universal Display (NASDAQ:OLED) Hits New 1-Year Low - Should You Sell?

Universal Display Co. (NASDAQ:OLED - Get Free Report) shares reached a new 52-week low on Monday . The company traded as low as $144.78 and last traded at $145.07, with a volume of 25556 shares traded. The stock had previously closed at $148.07.

Wall Street Analysts Forecast Growth

OLED has been the subject of a number of recent analyst reports. TD Cowen dropped their price target on shares of Universal Display from $250.00 to $225.00 and set a "buy" rating for the company in a research report on Thursday, October 31st. Needham & Company LLC lowered 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. Finally, Oppenheimer decreased their price target on shares of Universal Display from $220.00 to $200.00 and set an "outperform" rating on the stock in a research note on Thursday, January 2nd. Two analysts have rated the stock with a hold rating and five have issued a buy rating to the company's stock. According to MarketBeat, the company presently has a consensus rating of "Moderate Buy" and an average target price of $207.86.

Universal Display Stock Down 2.1 %

The firm has a market cap of $6.88 billion, a PE ratio of 29.10, a P/E/G ratio of 1.74 and a beta of 1.40. The company's 50 day moving average price is $160.63 and its two-hundred day moving average price is $188.12.

Universal Display (NASDAQ:OLED - Get Free Report) last posted its quarterly earnings results on Wednesday, October 30th. The semiconductor company reported $1.40 EPS for the quarter, topping 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 firm had revenue of $161.63 million for the quarter, compared to analysts' expectations of $165.28 million. During the same period in the prior year, the business posted $1.08 earnings per share. The business's revenue for the quarter was up 14.6% on a year-over-year basis. On average, analysts expect that Universal Display Co. will post 4.8 earnings per share for the current fiscal year.

Universal Display Announces Dividend

The company also recently declared a quarterly dividend, which was paid on Tuesday, December 31st. Stockholders of record on Tuesday, December 17th were issued a $0.40 dividend. This represents a $1.60 dividend on an annualized basis and a dividend yield of 1.10%. The ex-dividend date of this dividend was Tuesday, December 17th. Universal Display's dividend payout ratio is currently 32.13%.

Insider Activity

In other Universal Display news, Director Lawrence Lacerte acquired 742 shares of the firm's stock in a transaction on Monday, November 4th. The stock was acquired at an average cost of $180.89 per share, for a total transaction of $134,220.38. Following the purchase, the director now owns 122,372 shares in the company, valued at approximately $22,135,871.08. The trade was a 0.61 % increase in their position. The purchase was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Company insiders own 1.90% of the company's stock.

Institutional Trading of Universal Display

Several institutional investors and hedge funds have recently bought and sold shares of the business. Assetmark Inc. purchased a new stake in Universal Display in the 3rd quarter worth $29,000. Brooklyn Investment Group purchased a new stake in Universal Display in the 3rd quarter worth $30,000. V Square Quantitative Management LLC purchased a new stake in Universal Display in the 3rd quarter worth $31,000. True Wealth Design LLC purchased a new stake in Universal Display in the 3rd quarter worth $36,000. Finally, Nisa Investment Advisors LLC increased its holdings in Universal Display by 60.2% in the 3rd quarter. Nisa Investment Advisors LLC now owns 173 shares of the semiconductor company's stock worth $36,000 after acquiring an additional 65 shares in the last quarter. 78.19% of the stock is currently 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.