Universal Display Corporation (NASDAQ:OLED) Given Average Recommendation of “Moderate Buy” by Brokerages

Universal Display Corporation (NASDAQ:OLED) has received a consensus recommendation of “Moderate Buy” from the eight analysts that are presently covering the firm, MarketBeat.com reports. Three investment analysts have rated the stock with a hold rating, four have assigned a buy rating and one has given a strong buy rating to the company. The average twelve-month target price among brokerages that have updated their coverage on the stock in the last year is $181.3333.

OLED has been the topic of several recent research reports. Zacks Research upgraded Universal Display from a “hold” rating to a “strong-buy” rating in a research report on Tuesday, October 21st. Weiss Ratings restated a “hold (c)” rating on shares of Universal Display in a research report on Wednesday, October 8th. Finally, Needham & Company LLC lowered their price target on shares of Universal Display from $170.00 to $150.00 and set a “buy” rating for the company in a report on Friday.

Universal Display Stock Performance

Universal Display stock opened at $124.93 on Friday. Universal Display has a 52 week low of $103.70 and a 52 week high of $182.77. The firm has a market capitalization of $5.94 billion, a PE ratio of 24.40, a PEG ratio of 4.38 and a beta of 1.60. The business’s 50-day simple moving average is $143.39 and its 200-day simple moving average is $145.93.

Universal Display (NASDAQ:OLED) last announced its quarterly earnings data on Thursday, November 6th. The semiconductor company reported $0.92 earnings per share (EPS) for the quarter, missing the consensus estimate of $1.19 by ($0.27). The company had revenue of $139.61 million during the quarter, compared to analyst estimates of $165.56 million. Universal Display had a return on equity of 15.82% and a net margin of 36.95%.The company’s revenue was down 13.6% on a year-over-year basis. During the same quarter in the previous year, the business posted $1.40 EPS. Universal Display has set its FY 2025 guidance at EPS. Research analysts forecast that Universal Display will post 4.71 earnings per share for the current year.

Universal Display Announces Dividend

The business also recently announced a quarterly dividend, which will be paid on Wednesday, December 31st. Shareholders of record on Wednesday, December 17th will be issued a dividend of $0.45 per share. The ex-dividend date is Wednesday, December 17th. This represents a $1.80 dividend on an annualized basis and a yield of 1.4%. Universal Display’s dividend payout ratio (DPR) is 35.16%.

Institutional Trading of Universal Display

A number of large investors have recently made changes to their positions in OLED. Synovus Financial Corp increased its stake in Universal Display by 2.3% during the 3rd quarter. Synovus Financial Corp now owns 8,776 shares of the semiconductor company’s stock worth $1,260,000 after purchasing an additional 200 shares in the last quarter. Crestwood Advisors Group LLC raised its position in Universal Display by 1.9% during the third quarter. Crestwood Advisors Group LLC now owns 134,212 shares of the semiconductor company’s stock worth $19,277,000 after acquiring an additional 2,506 shares in the last quarter. Skandinaviska Enskilda Banken AB publ lifted its stake in Universal Display by 142.6% in the 3rd quarter. Skandinaviska Enskilda Banken AB publ now owns 3,290 shares of the semiconductor company’s stock valued at $472,000 after purchasing an additional 1,934 shares during the last quarter. Vanguard Group Inc. boosted its stake in shares of Universal Display by 10.0% during the 3rd quarter. Vanguard Group Inc. now owns 5,069,107 shares of the semiconductor company’s stock worth $728,076,000 after acquiring an additional 460,792 shares during the period. Finally, JPMorgan Chase & Co. increased its holdings in shares of Universal Display by 3.1% in the third quarter. JPMorgan Chase & Co. now owns 472,363 shares of the semiconductor company’s stock valued at $67,846,000 after purchasing an additional 14,356 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.