Universal Display Co. (NASDAQ:OLED) Given Average Rating of “Moderate Buy” by Brokerages

Universal Display Co. (NASDAQ:OLED) has received an average recommendation of “Moderate Buy” from the seven analysts that are covering the stock, MarketBeat reports. Two investment analysts have rated the stock with a hold recommendation and five have given a buy recommendation to the company. The average twelve-month price target among brokerages that have issued a report on the stock in the last year is $190.43.

Several brokerages have recently issued reports on OLED. StockNews.com raised shares of Universal Display from a “sell” rating to a “hold” rating in a research report on Friday, May 2nd. Citigroup reduced their price target on shares of Universal Display from $200.00 to $162.00 and set a “neutral” rating on the stock in a research report on Monday, February 10th. The Goldman Sachs Group reduced their price target on shares of Universal Display from $234.00 to $203.00 and set a “buy” rating on the stock in a research report on Thursday, February 6th. Roth Mkm increased their price target on shares of Universal Display from $207.00 to $213.00 and gave the stock a “buy” rating in a research report on Friday, February 21st. Finally, Susquehanna reduced their price target on shares of Universal Display from $165.00 to $160.00 and set a “neutral” rating on the stock in a research report on Friday, February 21st.

Universal Display Price Performance

NASDAQ OLED opened at $155.51 on Friday. The firm’s 50-day moving average is $134.67 and its two-hundred day moving average is $148.37. Universal Display has a 12 month low of $103.70 and a 12 month high of $237.00. The stock has a market capitalization of $7.39 billion, a P/E ratio of 33.44, a PEG ratio of 1.61 and a beta of 1.46.

Universal Display (NASDAQ:OLED) last posted its earnings results on Thursday, May 1st. The semiconductor company reported $1.35 EPS for the quarter, beating analysts’ consensus estimates of $1.07 by $0.28. Universal Display had a net margin of 34.29% and a return on equity of 15.51%. The company had revenue of $166.28 million for the quarter, compared to analysts’ expectations of $154.76 million. During the same quarter in the prior year, the company posted $1.19 earnings per share. Universal Display’s revenue for the quarter was up .6% compared to the same quarter last year. As a group, analysts anticipate that Universal Display will post 4.71 EPS for the current year.

Universal Display Announces Dividend

The company also recently announced a quarterly dividend, which will be paid on Monday, June 30th. Investors of record on Monday, June 16th will be issued a $0.45 dividend. The ex-dividend date of this dividend is Monday, June 16th. This represents a $1.80 annualized dividend and a yield of 1.16%. Universal Display’s dividend payout ratio (DPR) is 37.42%.

Hedge Funds Weigh In On Universal Display

Hedge funds have recently added to or reduced their stakes in the stock. United Services Automobile Association purchased a new position in shares of Universal Display during the first quarter worth approximately $422,000. Ashton Thomas Private Wealth LLC grew its position in shares of Universal Display by 7.2% during the first quarter. Ashton Thomas Private Wealth LLC now owns 1,638 shares of the semiconductor company’s stock worth $228,000 after acquiring an additional 110 shares during the last quarter. Kestra Investment Management LLC purchased a new position in shares of Universal Display during the first quarter worth approximately $62,000. Rise Advisors LLC grew its position in shares of Universal Display by 87.9% during the first quarter. Rise Advisors LLC now owns 186 shares of the semiconductor company’s stock worth $26,000 after acquiring an additional 87 shares during the last quarter. Finally, Polar Asset Management Partners Inc. grew its position in shares of Universal Display by 12.6% during the first quarter. Polar Asset Management Partners Inc. now owns 135,064 shares of the semiconductor company’s stock worth $18,839,000 after acquiring an additional 15,064 shares during the last quarter. 78.19% of the stock is currently owned by hedge funds and other institutional investors.

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.