Universal Display Co. (NASDAQ:OLED) Receives Consensus Recommendation of “Moderate Buy” from Brokerages

Universal Display Co. (NASDAQ:OLED – Get Rating) has received an average rating of “Moderate Buy” from the eleven research firms that are presently covering the firm, MarketBeat.com reports. Three research analysts have rated the stock with a hold recommendation and four have assigned a buy recommendation to the company. The average 12 month price target among brokerages that have covered the stock in the last year is $148.90.

OLED has been the topic of several analyst reports. Needham & Company LLC reiterated a “buy” rating and set a $148.00 price target on shares of Universal Display in a research report on Friday, February 24th. Cowen upped their price target on Universal Display from $130.00 to $148.00 and gave the company an “outperform” rating in a research report on Friday, February 24th. StockNews.com initiated coverage on Universal Display in a research report on Thursday, May 18th. They set a “hold” rating on the stock. Oppenheimer upped their price target on Universal Display from $160.00 to $180.00 in a research report on Tuesday, April 18th. Finally, Citigroup upped their price target on Universal Display from $135.00 to $150.00 and gave the company a “buy” rating in a research report on Monday, February 27th.

Insider Buying and Selling at Universal Display

In other Universal Display news, Director Lawrence Lacerte sold 15,000 shares of the firm’s stock in a transaction on Tuesday, May 9th. The stock was sold at an average price of $136.73, for a total transaction of $2,050,950.00. Following the completion of the transaction, the director now owns 125,472 shares of the company’s stock, valued at $17,155,786.56. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this link. Insiders own 2.70% of the company’s stock.

Hedge Funds Weigh In On Universal Display

Several institutional investors and hedge funds have recently modified their holdings of the stock. Balboa Wealth Partners increased its holdings in Universal Display by 0.8% in the 1st quarter. Balboa Wealth Partners now owns 9,915 shares of the semiconductor company’s stock worth $1,538,000 after buying an additional 74 shares in the last quarter. Creative Planning increased its holdings in Universal Display by 1.3% in the 4th quarter. Creative Planning now owns 7,083 shares of the semiconductor company’s stock worth $765,000 after buying an additional 91 shares in the last quarter. Xponance Inc. increased its holdings in Universal Display by 0.9% in the 1st quarter. Xponance Inc. now owns 10,139 shares of the semiconductor company’s stock worth $1,573,000 after buying an additional 92 shares in the last quarter. Utah Retirement Systems increased its holdings in Universal Display by 1.3% in the 3rd quarter. Utah Retirement Systems now owns 7,820 shares of the semiconductor company’s stock worth $738,000 after buying an additional 100 shares in the last quarter. Finally, Securian Asset Management Inc. increased its holdings in Universal Display by 2.5% in the 4th quarter. Securian Asset Management Inc. now owns 4,043 shares of the semiconductor company’s stock worth $437,000 after buying an additional 100 shares in the last quarter. 73.43% of the stock is currently owned by institutional investors.

Universal Display Stock Down 3.1 %

NASDAQ OLED opened at $147.17 on Wednesday. The company has a market cap of $6.97 billion, a PE ratio of 35.21, a price-to-earnings-growth ratio of 2.49 and a beta of 1.40. Universal Display has a 52 week low of $89.41 and a 52 week high of $155.91. The firm’s 50-day simple moving average is $143.60 and its two-hundred day simple moving average is $129.44.

Universal Display (NASDAQ:OLED – Get Rating) last released its quarterly earnings data on Wednesday, May 3rd. The semiconductor company reported $0.83 EPS for the quarter, beating the consensus estimate of $0.82 by $0.01. Universal Display had a net margin of 33.51% and a return on equity of 16.15%. The business had revenue of $130.47 million for the quarter, compared to the consensus estimate of $135.19 million. During the same period in the prior year, the firm earned $1.05 earnings per share. The company’s revenue was down 13.3% compared to the same quarter last year. As a group, equities research analysts anticipate that Universal Display will post 3.85 EPS for the current year.

Universal Display Dividend Announcement

The company also recently disclosed a quarterly dividend, which will be paid on Friday, June 30th. Shareholders of record on Friday, June 16th will be given a dividend of $0.35 per share. This represents a $1.40 annualized dividend and a yield of 0.95%. The ex-dividend date is Thursday, June 15th. Universal Display’s dividend payout ratio is currently 33.49%.

Universal Display Company Profile

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Universal Display Corp. engages in the research, development, and commercialization of organic light emitting diode (OLED) technologies and materials. It also develops and licenses proprietary OLED technologies to manufacturers of products for display applications, such as cell phones, portable media devices, tablets, laptop computers and televisions, and specialty and general lighting products.