Universal Display Co. (OLED) Receives $164.90 Average Price Target from Brokerages

Shares of Universal Display Co. (NASDAQ:OLED) have received a consensus recommendation of “Buy” from the fifteen brokerages that are covering the firm, MarketBeat Ratings reports. One investment analyst has rated the stock with a sell rating, two have issued a hold rating and twelve have given a buy rating to the company. The average 1 year price target among brokers that have updated their coverage on the stock in the last year is $164.90.

Several equities analysts recently commented on the stock. ValuEngine raised shares of Universal Display from a “sell” rating to a “hold” rating in a report on Tuesday, July 10th. BidaskClub raised shares of Universal Display from a “strong sell” rating to a “sell” rating in a report on Tuesday, July 10th. Needham & Company LLC increased their target price on shares of Universal Display from $130.00 to $145.00 and gave the company a “buy” rating in a report on Friday, August 10th. Zacks Investment Research raised shares of Universal Display from a “sell” rating to a “hold” rating in a report on Saturday, August 11th. Finally, Citigroup assumed coverage on shares of Universal Display in a report on Tuesday, September 4th. They set a “buy” rating and a $153.00 target price on the stock.

Shares of NASDAQ:OLED traded down $1.31 during trading on Monday, reaching $104.39. The company had a trading volume of 721,240 shares, compared to its average volume of 776,218. The firm has a market capitalization of $4.98 billion, a price-to-earnings ratio of 42.96 and a beta of 1.81. Universal Display has a 12 month low of $78.75 and a 12 month high of $209.00.



Universal Display (NASDAQ:OLED) last issued its quarterly earnings results on Thursday, August 9th. The semiconductor company reported $0.23 EPS for the quarter, topping the Zacks’ consensus estimate of $0.15 by $0.08. The firm had revenue of $56.15 million for the quarter, compared to analyst estimates of $49.64 million. Universal Display had a net margin of 22.76% and a return on equity of 11.59%. The business’s revenue for the quarter was down 45.2% compared to the same quarter last year. During the same quarter in the prior year, the firm earned $0.99 EPS. As a group, research analysts forecast that Universal Display will post 1.83 earnings per share for the current fiscal year.

The firm also recently announced a quarterly dividend, which was paid on Friday, September 28th. Investors of record on Saturday, September 15th were issued a dividend of $0.06 per share. This represents a $0.24 annualized dividend and a dividend yield of 0.23%. The ex-dividend date of this dividend was Thursday, September 13th. Universal Display’s dividend payout ratio is currently 9.88%.

In other Universal Display news, VP Mauro Premutico sold 10,044 shares of the stock in a transaction on Tuesday, September 4th. The shares were sold at an average price of $123.63, for a total transaction of $1,241,739.72. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, Director Lawrence Lacerte sold 15,000 shares of the stock in a transaction on Tuesday, August 14th. The shares were sold at an average price of $119.51, for a total transaction of $1,792,650.00. Following the sale, the director now directly owns 348,950 shares of the company’s stock, valued at approximately $41,703,014.50. The disclosure for this sale can be found here. Corporate insiders own 4.00% of the company’s stock.

Institutional investors and hedge funds have recently made changes to their positions in the business. Essex Investment Management Co. LLC purchased a new stake in Universal Display during the 2nd quarter valued at $319,000. Intl Fcstone Inc. purchased a new stake in Universal Display during the 2nd quarter valued at $309,000. grace capital purchased a new stake in Universal Display during the 2nd quarter valued at $430,000. PNC Financial Services Group Inc. boosted its position in Universal Display by 13.9% during the 2nd quarter. PNC Financial Services Group Inc. now owns 4,432 shares of the semiconductor company’s stock valued at $381,000 after buying an additional 542 shares during the period. Finally, Zweig DiMenna Associates LLC boosted its position in Universal Display by 125.0% during the 3rd quarter. Zweig DiMenna Associates LLC now owns 66,873 shares of the semiconductor company’s stock valued at $7,884,000 after buying an additional 37,158 shares during the period. 73.62% of the stock is owned by institutional investors and hedge funds.

Universal Display Company Profile

Universal Display Corporation engages in the research, development, and commercialization of organic light emitting diode (OLED) technologies and materials for use in flat panel displays and solid-state lighting applications. As of February 22, 2018, it owned or had exclusive and co-exclusive licenses, or had sole license rights with respect to approximately 4,500 issued and pending patents worldwide.

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Analyst Recommendations for Universal Display (NASDAQ:OLED)

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