Universal Display Corporation (NASDAQ:OLED) Receives Consensus Recommendation of “Hold” from Brokerages

Shares of Universal Display Corporation (NASDAQ:OLED) have earned an average rating of “Hold” from the seven brokerages that are presently covering the stock, MarketBeat reports. Four analysts have rated the stock with a hold recommendation and three have given a buy recommendation to the company. The average 12 month price target among analysts that have issued a report on the stock in the last year is $177.60.

A number of brokerages have issued reports on OLED. Weiss Ratings reaffirmed a “hold (c-)” rating on shares of Universal Display in a report on Wednesday, December 24th. Wall Street Zen cut shares of Universal Display from a “hold” rating to a “sell” rating in a research note on Saturday, January 3rd. Zacks Research downgraded shares of Universal Display from a “strong-buy” rating to a “hold” rating in a report on Wednesday, November 19th. Finally, Needham & Company LLC reissued a “buy” rating and set a $150.00 price objective on shares of Universal Display in a report on Monday, December 22nd.

Institutional Trading of Universal Display

Large investors have recently added to or reduced their stakes in the company. Whittier Trust Co. bought a new position in shares of Universal Display during the 2nd quarter valued at approximately $30,000. Smartleaf Asset Management LLC lifted its position in Universal Display by 309.8% during 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 last quarter. Parkside Financial Bank & Trust grew its stake in shares of Universal Display by 236.7% in the 2nd quarter. Parkside Financial Bank & Trust now owns 202 shares of the semiconductor company’s stock worth $31,000 after buying an additional 142 shares in the last quarter. Measured Wealth Private Client Group LLC bought a new stake in shares of Universal Display in the 3rd quarter worth about $33,000. Finally, Pilgrim Partners Asia Pte Ltd bought a new stake in shares of Universal Display in the 3rd quarter worth about $37,000. Institutional investors own 78.19% of the company’s stock.

Universal Display Stock Performance

Shares of OLED stock opened at $118.69 on Friday. The stock has a fifty day simple moving average of $118.84 and a two-hundred day simple moving average of $135.00. Universal Display has a 52-week low of $103.70 and a 52-week high of $164.29. The firm has a market capitalization of $5.64 billion, a PE ratio of 25.58, a PEG ratio of 3.31 and a beta of 1.62.

Universal Display (NASDAQ:OLED) last released its quarterly earnings data on Thursday, November 6th. The semiconductor company reported $0.92 earnings per share for the quarter, missing analysts’ consensus estimates of $1.19 by ($0.27). Universal Display had a return on equity of 14.10% and a net margin of 34.65%.The business had revenue of $139.61 million during the quarter, compared to the consensus estimate of $165.56 million. During the same period last year, the company earned $1.40 EPS. The business’s revenue was down 13.6% on a year-over-year basis. On average, sell-side analysts forecast that Universal Display will post 4.71 EPS for the current fiscal year.

Universal Display Announces Dividend

The company also recently declared a quarterly dividend, which was paid on Wednesday, December 31st. Investors of record on Wednesday, December 17th were paid a dividend of $0.45 per share. The ex-dividend date of this dividend was Wednesday, December 17th. This represents a $1.80 dividend on an annualized basis and a yield of 1.5%. Universal Display’s dividend payout ratio is presently 38.79%.

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.