Universal Display (NASDAQ:OLED) Hits New 52-Week Low - Time to Sell?

Shares of Universal Display Co. (NASDAQ:OLED - Get Free Report) hit a new 52-week low during mid-day trading on Monday . The stock traded as low as $104.90 and last traded at $105.81, with a volume of 80088 shares changing hands. The stock had previously closed at $113.42.

Analysts Set New Price Targets

A number of research firms have weighed in on OLED. Needham & Company LLC decreased their price objective on Universal Display from $215.00 to $170.00 and set a "buy" rating for the company in a research report on Friday, February 21st. Susquehanna decreased their price target on Universal Display from $165.00 to $160.00 and set a "neutral" rating for the company in a report on Friday, February 21st. 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. Citigroup cut their price objective on shares of Universal Display from $200.00 to $162.00 and set a "neutral" rating for the company in a research report on Monday, February 10th. Finally, The Goldman Sachs Group lowered their target price on shares of Universal Display from $234.00 to $203.00 and set a "buy" rating on the stock in a report on Thursday, February 6th. One research analyst has rated the stock with a sell rating, two have issued a hold rating and five have issued a buy rating to the company's stock. According to data from MarketBeat, the stock currently has a consensus rating of "Moderate Buy" and an average price target of $190.43.

Universal Display Price Performance

The stock has a market cap of $5.35 billion, a price-to-earnings ratio of 24.24, a PEG ratio of 1.61 and a beta of 1.42. The company's 50 day moving average is $142.83 and its 200 day moving average is $161.07.

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

Universal Display Increases Dividend

The company also recently announced a quarterly dividend, which was paid on Monday, March 31st. Shareholders of record on Monday, March 17th were issued a $0.45 dividend. 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. This represents a $1.80 annualized dividend and a yield of 1.60%. Universal Display's dividend payout ratio is 38.71%.

Institutional Investors Weigh In On Universal Display

Large investors have recently added to or reduced their stakes in the business. HighTower Advisors LLC lifted its holdings in shares of Universal Display by 20.6% in the third quarter. HighTower Advisors LLC now owns 6,132 shares of the semiconductor company's stock valued at $1,287,000 after purchasing an additional 1,048 shares in the last quarter. Orion Portfolio Solutions LLC lifted its stake in Universal Display by 2.6% in the 3rd quarter. Orion Portfolio Solutions LLC now owns 6,721 shares of the semiconductor company's stock valued at $1,411,000 after buying an additional 171 shares in the last quarter. MML Investors Services LLC lifted its stake in Universal Display by 208.8% in the 3rd quarter. MML Investors Services LLC now owns 4,008 shares of the semiconductor company's stock valued at $841,000 after buying an additional 2,710 shares in the last quarter. Barclays PLC grew its holdings in Universal Display by 753.8% during the 3rd quarter. Barclays PLC now owns 212,518 shares of the semiconductor company's stock valued at $44,608,000 after buying an additional 187,627 shares during the last quarter. Finally, M&T Bank Corp increased its position in Universal Display by 12.0% during the third quarter. M&T Bank Corp now owns 2,086 shares of the semiconductor company's stock worth $438,000 after buying an additional 223 shares in the last quarter. 78.19% of the stock is 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.