Universal Display (NASDAQ:OLED) Reaches New 12-Month Low – Time to Sell?

Universal Display Corporation (NASDAQ:OLED) hit a new 52-week low on Friday . The company traded as low as $92.40 and last traded at $92.46, with a volume of 5142 shares trading hands. The stock had previously closed at $96.83.

Analyst Upgrades and Downgrades

OLED has been the topic of a number of research reports. Weiss Ratings restated a “hold (c-)” rating on shares of Universal Display in a research report on Monday, March 23rd. Wall Street Zen upgraded shares of Universal Display from a “sell” rating to a “hold” rating in a research report on Sunday, February 22nd. Citigroup lowered their price objective on shares of Universal Display from $150.00 to $130.00 and set a “neutral” rating on the stock in a research report on Tuesday, January 27th. Needham & Company LLC dropped their price objective on shares of Universal Display from $150.00 to $145.00 and set a “buy” rating on the stock in a research note on Friday, February 20th. Finally, Roth Mkm reaffirmed a “buy” rating and issued a $180.00 target price on shares of Universal Display in a report on Friday, February 20th. Two research analysts have rated the stock with a Buy rating and three have given a Hold rating to the stock. According to data from MarketBeat.com, the stock currently has a consensus rating of “Hold” and a consensus price target of $151.67.

Universal Display Trading Down 1.8%

The company has a market capitalization of $4.33 billion, a PE ratio of 18.12, a P/E/G ratio of 7.21 and a beta of 1.65. The firm has a 50 day simple moving average of $109.09 and a two-hundred day simple moving average of $122.96.

Universal Display (NASDAQ:OLED) last issued its quarterly earnings results on Thursday, February 19th. The semiconductor company reported $1.39 earnings per share for the quarter, topping the consensus estimate of $1.28 by $0.11. Universal Display had a return on equity of 14.07% and a net margin of 37.21%.The firm had revenue of $172.93 million during the quarter, compared to the consensus estimate of $173.35 million. During the same period last year, the company earned $1.22 earnings per share. The company’s revenue for the quarter was up 6.5% on a year-over-year basis. Research analysts expect that Universal Display Corporation will post 4.71 earnings per share for the current fiscal year.

Universal Display Increases Dividend

The company also recently announced a quarterly dividend, which will be paid on Tuesday, March 31st. Stockholders of record on Tuesday, March 17th will be paid a $0.50 dividend. This is a boost from Universal Display’s previous quarterly dividend of $0.45. The ex-dividend date is Tuesday, March 17th. This represents a $2.00 annualized dividend and a dividend yield of 2.2%. Universal Display’s dividend payout ratio (DPR) is 39.45%.

Institutional Inflows and Outflows

A number of institutional investors and hedge funds have recently made changes to their positions in the company. Smartleaf Asset Management LLC lifted its position in Universal Display by 309.8% in the third quarter. Smartleaf Asset Management LLC now owns 209 shares of the semiconductor company’s stock valued at $30,000 after purchasing an additional 158 shares during the period. Measured Wealth Private Client Group LLC acquired a new position in Universal Display during the 3rd quarter worth approximately $33,000. Pilgrim Partners Asia Pte Ltd purchased a new position in shares of Universal Display during the 3rd quarter worth approximately $37,000. Rise Advisors LLC raised its stake in shares of Universal Display by 53.3% during the 3rd quarter. Rise Advisors LLC now owns 299 shares of the semiconductor company’s stock worth $43,000 after buying an additional 104 shares in the last quarter. Finally, Farther Finance Advisors LLC lifted its holdings in shares of Universal Display by 27.2% in the 3rd quarter. Farther Finance Advisors LLC now owns 351 shares of the semiconductor company’s stock valued at $50,000 after buying an additional 75 shares during the period. 78.19% of the stock is currently owned by institutional investors and hedge funds.

Universal Display Company Profile

Universal Display Corporation (NASDAQ: OLED) is a technology company specializing in organic light-emitting diode (OLED) solutions. The company develops and commercializes materials, technologies and software used in the creation of OLED displays and lighting. Its offerings include proprietary phosphorescent OLED (PHOLED) materials, display driver integrated circuits and process technologies that enable higher efficiency, longer lifetimes and improved color performance for a range of display and lighting applications.

Universal Display’s core business is licensing its extensive OLED patent portfolio to display manufacturers and providing them with the key organic materials needed for device fabrication.