Universal Display Corporation (NASDAQ:OLED) Receives $177.60 Consensus Price Target from Brokerages

Shares of Universal Display Corporation (NASDAQ:OLED) have earned a consensus recommendation of “Hold” from the seven research firms that are covering the firm, MarketBeat Ratings reports. Four analysts have rated the stock with a hold rating and three have given a buy rating to the company. The average 1-year price target among analysts that have covered the stock in the last year is $171.20.

Several brokerages have recently issued reports on OLED. Weiss Ratings reiterated a “hold (c-)” rating on shares of Universal Display in a report on Wednesday, December 24th. Needham & Company LLC restated a “buy” rating and set a $150.00 price objective on shares of Universal Display in a research report on Monday, December 22nd. Wall Street Zen upgraded Universal Display from a “sell” rating to a “hold” rating in a research report on Friday, January 23rd. Zacks Research cut Universal Display from a “strong-buy” rating to a “hold” rating in a report on Wednesday, November 19th. Finally, Citigroup dropped their price objective on shares of Universal Display from $150.00 to $130.00 and set a “neutral” rating for the company in a report on Tuesday.

Institutional Inflows and Outflows

Several hedge funds and other institutional investors have recently bought and sold shares of OLED. Impact Capital Partners LLC boosted its position in shares of Universal Display by 1.4% during the 2nd quarter. Impact Capital Partners LLC now owns 4,823 shares of the semiconductor company’s stock valued at $745,000 after acquiring an additional 67 shares during the last quarter. HM Payson & Co. boosted its stake in shares of Universal Display by 10.7% in the 3rd quarter. HM Payson & Co. now owns 734 shares of the semiconductor company’s stock valued at $105,000 after purchasing an additional 71 shares in the last quarter. Farther Finance Advisors LLC grew its holdings in shares of Universal Display by 27.2% during the 3rd quarter. Farther Finance Advisors LLC now owns 351 shares of the semiconductor company’s stock valued at $50,000 after purchasing an additional 75 shares during the last quarter. Wealth Alliance LLC raised its position in Universal Display by 4.0% in the 2nd quarter. Wealth Alliance LLC now owns 2,186 shares of the semiconductor company’s stock worth $338,000 after purchasing an additional 85 shares during the period. Finally, Lido Advisors LLC boosted its position in Universal Display by 1.7% during the third quarter. Lido Advisors LLC now owns 5,783 shares of the semiconductor company’s stock valued at $831,000 after buying an additional 95 shares during the period. 78.19% of the stock is owned by institutional investors and hedge funds.

Universal Display Stock Down 0.9%

Universal Display stock opened at $117.01 on Friday. The stock has a market cap of $5.56 billion, a PE ratio of 25.22, a P/E/G ratio of 3.32 and a beta of 1.62. Universal Display has a 12-month low of $103.70 and a 12-month high of $164.29. The business’s 50-day moving average price is $119.44 and its two-hundred day moving average price is $133.65.

Universal Display (NASDAQ:OLED) last posted its quarterly earnings results 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). The company had revenue of $139.61 million during the quarter, compared to analyst estimates of $165.56 million. Universal Display had a net margin of 34.65% and a return on equity of 14.10%. The company’s revenue for the quarter was down 13.6% on a year-over-year basis. During the same quarter in the previous year, the business posted $1.40 earnings per share. As a group, analysts expect that Universal Display will post 4.71 earnings per share for the current year.

Universal Display Announces Dividend

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