Universal Display (NASDAQ:OLED) Given New $213.00 Price Target at Roth Mkm

Universal Display (NASDAQ:OLED - Free Report) had its price target increased by Roth Mkm from $207.00 to $213.00 in a report released on Friday,Benzinga reports. They currently have a buy rating on the semiconductor company's stock.

A number of other brokerages also recently weighed in on OLED. Susquehanna lowered 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 note on Friday. Oppenheimer lowered their price objective on shares of Universal Display from $220.00 to $200.00 and set an "outperform" rating on the stock in a research report on Thursday, January 2nd. TD Cowen cut their target price 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. The Goldman Sachs Group lowered their price target on Universal Display from $234.00 to $203.00 and set a "buy" rating on the stock in a research report on Thursday, February 6th. Finally, Needham & Company LLC cut their price objective on Universal Display from $215.00 to $170.00 and set a "buy" rating for the company in a report on Friday. Two research 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, the company currently has an average rating of "Moderate Buy" and a consensus target price of $190.43.

Universal Display Price Performance

NASDAQ:OLED traded down $0.58 during trading hours on Friday, hitting $157.32. The stock had a trading volume of 930,568 shares, compared to its average volume of 737,257. The company has a 50 day simple moving average of $148.39 and a two-hundred day simple moving average of $173.84. The firm has a market capitalization of $7.47 billion, a price-to-earnings ratio of 33.83, a P/E/G ratio of 1.61 and a beta of 1.39. Universal Display has a one year low of $140.17 and a one year high of $237.00.

Universal Display (NASDAQ:OLED - Get Free Report) last posted its quarterly earnings data on Thursday, February 20th. The semiconductor company reported $1.22 earnings per share (EPS) for the quarter, beating the consensus estimate of $1.08 by $0.14. The company had revenue of $162.29 million during the quarter, compared to analyst estimates of $152.75 million. Universal Display had a return on equity of 15.51% and a net margin of 34.29%. Equities research analysts anticipate that Universal Display will post 4.71 earnings per share for the current year.

Universal Display Increases Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Monday, March 31st. Stockholders of record on Monday, March 17th will be paid a dividend of $0.45 per share. This is a boost from Universal Display's previous quarterly dividend of $0.40. This represents a $1.80 dividend on an annualized basis and a dividend yield of 1.14%. The ex-dividend date of this dividend is Monday, March 17th. Universal Display's dividend payout ratio (DPR) is 38.71%.

Institutional Investors Weigh In On Universal Display

A number of hedge funds and other institutional investors have recently modified their holdings of OLED. Creative Planning increased its stake in Universal Display by 16.1% in the 3rd quarter. Creative Planning now owns 15,406 shares of the semiconductor company's stock worth $3,234,000 after purchasing an additional 2,132 shares during the period. Whittier Trust Co. of Nevada Inc. increased its stake in shares of Universal Display by 240.0% in the third quarter. Whittier Trust Co. of Nevada Inc. now owns 340 shares of the semiconductor company's stock worth $71,000 after buying an additional 240 shares during the period. International Assets Investment Management LLC bought a new stake in Universal Display during the 3rd quarter valued at $6,785,000. PFG Investments LLC boosted its position in Universal Display by 14.5% during the 3rd quarter. PFG Investments LLC now owns 13,370 shares of the semiconductor company's stock valued at $2,806,000 after buying an additional 1,690 shares during the period. Finally, State of Alaska Department of Revenue grew its holdings in Universal Display by 7.3% in the 3rd quarter. State of Alaska Department of Revenue now owns 5,072 shares of the semiconductor company's stock worth $1,064,000 after acquiring an additional 345 shares during the last quarter. 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.