Universal Display Corporation (NASDAQ:OLED) Receives $151.67 Average PT from Brokerages
by Jessica Moore · The Cerbat GemUniversal Display Corporation (NASDAQ:OLED – Get Free Report) has been given a consensus rating of “Hold” by the five analysts that are presently covering the company, Marketbeat Ratings reports. Three analysts have rated the stock with a hold rating and two have given a buy rating to the company. The average 12-month price objective among brokerages that have covered the stock in the last year is $151.6667.
OLED has been the subject of several research analyst reports. Weiss Ratings restated a “hold (c-)” rating on shares of Universal Display in a research note on Monday, March 23rd. Citigroup decreased their price target on shares of Universal Display from $150.00 to $130.00 and set a “neutral” rating for the company in a research note on Tuesday, January 27th. Wall Street Zen upgraded shares of Universal Display from a “sell” rating to a “hold” rating in a research note on Sunday, February 22nd. Needham & Company LLC decreased their price target on shares of Universal Display from $150.00 to $145.00 and set a “buy” rating for the company in a research note on Friday, February 20th. Finally, Roth Mkm restated a “buy” rating and set a $180.00 price target on shares of Universal Display in a research note on Friday, February 20th.
View Our Latest Analysis on OLED
Universal Display Stock Performance
NASDAQ:OLED opened at $97.22 on Wednesday. The firm has a market cap of $4.58 billion, a price-to-earnings ratio of 19.18, a price-to-earnings-growth ratio of 7.56 and a beta of 1.65. Universal Display has a 52 week low of $86.43 and a 52 week high of $163.21. The firm has a 50-day moving average price of $103.93 and a two-hundred day moving average price of $119.82.
Universal Display (NASDAQ:OLED – Get Free Report) last posted its quarterly earnings data on Thursday, February 19th. The semiconductor company reported $1.39 EPS for the quarter, beating the consensus estimate of $1.28 by $0.11. The firm had revenue of $172.93 million during the quarter, compared to analyst estimates of $173.35 million. Universal Display had a net margin of 37.21% and a return on equity of 14.07%. The company’s revenue for the quarter was up 6.5% on a year-over-year basis. During the same quarter last year, the business posted $1.22 EPS. As a group, sell-side analysts forecast that Universal Display will post 4.71 earnings per share for the current year.
Universal Display Increases Dividend
The business also recently declared a quarterly dividend, which was paid on Tuesday, March 31st. Stockholders of record on Tuesday, March 17th were paid a dividend of $0.50 per share. This represents a $2.00 annualized dividend and a dividend yield of 2.1%. The ex-dividend date was Tuesday, March 17th. This is an increase from Universal Display’s previous quarterly dividend of $0.45. Universal Display’s dividend payout ratio (DPR) is 39.45%.
Institutional Investors Weigh In On Universal Display
Large investors have recently modified their holdings of the stock. Smartleaf Asset Management LLC increased its stake in shares of Universal Display by 309.8% during the 3rd quarter. Smartleaf Asset Management LLC now owns 209 shares of the semiconductor company’s stock worth $30,000 after purchasing an additional 158 shares during the last quarter. Measured Wealth Private Client Group LLC purchased a new stake in shares of Universal Display during the 3rd quarter worth approximately $33,000. Pilgrim Partners Asia Pte Ltd bought a new position in Universal Display in the 3rd quarter worth approximately $37,000. Rise Advisors LLC boosted its holdings in Universal Display by 53.3% in 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 during the period. Finally, Farther Finance Advisors LLC boosted its holdings in Universal Display by 27.2% in the 3rd quarter. Farther Finance Advisors LLC now owns 351 shares of the semiconductor company’s stock worth $50,000 after buying an additional 75 shares during the period. Hedge funds and other institutional investors own 78.19% of the company’s stock.
About Universal Display
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.