Universal Display (NASDAQ:OLED) Sets New 52-Week Low - What's Next?

Universal Display Co. (NASDAQ:OLED - Get Free Report)'s share price reached a new 52-week low during trading on Friday . The stock traded as low as $147.87 and last traded at $147.87, with a volume of 99520 shares changing hands. The stock had previously closed at $150.84.

Analysts Set New Price Targets

A number of analysts recently issued reports on OLED shares. Oppenheimer dropped their price target on shares of Universal Display from $240.00 to $220.00 and set an "outperform" rating for the company in a research note on Thursday, October 31st. Needham & Company LLC dropped their target price on shares of Universal Display from $242.00 to $215.00 and set a "buy" rating for the company in a research report on Thursday, October 31st. Finally, TD Cowen cut their target price on shares of Universal Display from $250.00 to $225.00 and set a "buy" rating on the stock in a research note on Thursday, October 31st. Two investment analysts have rated the stock with a hold rating and five have assigned a buy rating to the stock. Based on data from MarketBeat.com, the stock presently has a consensus rating of "Moderate Buy" and an average target price of $210.71.

Universal Display Stock Performance

The company's fifty day moving average price is $170.51 and its 200 day moving average price is $192.21. The firm has a market capitalization of $7.10 billion, a price-to-earnings ratio of 30.06, a price-to-earnings-growth ratio of 1.74 and a beta of 1.39.

Universal Display (NASDAQ:OLED - Get Free Report) last issued its earnings results on Wednesday, October 30th. The semiconductor company reported $1.40 EPS for the quarter, beating analysts' consensus estimates of $1.19 by $0.21. The company had revenue of $161.63 million during the quarter, compared to the consensus estimate of $165.28 million. Universal Display had a return on equity of 15.75% and a net margin of 36.98%. Universal Display's quarterly revenue was up 14.6% compared to the same quarter last year. During the same period in the previous year, the firm posted $1.08 earnings per share. As a group, sell-side analysts expect that Universal Display Co. will post 4.8 earnings per share for the current year.

Universal Display Announces Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Tuesday, December 31st. Investors of record on Tuesday, December 17th will be issued a $0.40 dividend. The ex-dividend date of this dividend is Tuesday, December 17th. This represents a $1.60 dividend on an annualized basis and a dividend yield of 1.07%. Universal Display's dividend payout ratio (DPR) is presently 32.13%.

Insider Activity at Universal Display

In other Universal Display news, Director Lawrence Lacerte acquired 742 shares of the firm's stock in a transaction that occurred on Monday, November 4th. The stock was acquired at an average cost of $180.89 per share, with a total value of $134,220.38. Following the acquisition, the director now directly owns 122,372 shares of the company's stock, valued at $22,135,871.08. This represents a 0.61 % increase in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this hyperlink. 1.90% of the stock is currently owned by insiders.

Institutional Inflows and Outflows

A number of institutional investors have recently added to or reduced their stakes in OLED. Bank of New York Mellon Corp lifted its holdings in Universal Display by 5.1% in the second quarter. Bank of New York Mellon Corp now owns 424,078 shares of the semiconductor company's stock worth $89,162,000 after purchasing an additional 20,737 shares during the period. Zurcher Kantonalbank Zurich Cantonalbank raised its position in Universal Display by 3.5% during the second quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 9,511 shares of the semiconductor company's stock valued at $2,000,000 after buying an additional 319 shares during the period. Principal Financial Group Inc. lifted its stake in Universal Display by 3.2% in the 2nd quarter. Principal Financial Group Inc. now owns 169,969 shares of the semiconductor company's stock worth $35,736,000 after acquiring an additional 5,284 shares in the last quarter. BNP PARIBAS ASSET MANAGEMENT Holding S.A. boosted its position in Universal Display by 17.3% during the 2nd quarter. BNP PARIBAS ASSET MANAGEMENT Holding S.A. now owns 2,000 shares of the semiconductor company's stock worth $421,000 after acquiring an additional 295 shares during the period. Finally, Rothschild Investment LLC purchased a new position in Universal Display during the 2nd quarter valued at about $887,000. Institutional investors and hedge funds 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.