Universal Display Co. (NASDAQ:OLED) Receives Consensus Recommendation of “Hold” from Analysts

Shares of Universal Display Co. (NASDAQ:OLED) have been given a consensus rating of “Hold” by the fifteen ratings firms that are covering the firm, Marketbeat.com reports. Eight investment analysts have rated the stock with a hold rating and seven 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 $186.28.

Several analysts have weighed in on the stock. Deutsche Bank set a $230.00 target price on shares of Universal Display and gave the stock a “buy” rating in a research report on Friday, August 16th. Citigroup boosted their target price on shares of Universal Display from $180.00 to $223.00 and gave the stock a “neutral” rating in a research report on Friday, August 2nd. Oppenheimer downgraded shares of Universal Display from an “outperform” rating to a “market perform” rating and set a $190.50 target price on the stock. in a research report on Wednesday, July 10th. They noted that the move was a valuation call. Needham & Company LLC downgraded shares of Universal Display from a “buy” rating to a “hold” rating in a research report on Friday, August 2nd. Finally, ValuEngine downgraded shares of Universal Display from a “strong-buy” rating to a “buy” rating in a research report on Friday, August 2nd.

In other Universal Display news, Director C Keith Hartley sold 10,528 shares of Universal Display stock in a transaction that occurred on Friday, August 9th. The shares were sold at an average price of $214.27, for a total transaction of $2,255,834.56. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, VP Mauro Premutico sold 14,076 shares of Universal Display stock in a transaction that occurred on Tuesday, June 11th. The shares were sold at an average price of $175.16, for a total transaction of $2,465,552.16. Following the sale, the vice president now owns 51,989 shares of the company’s stock, valued at $9,106,393.24. The disclosure for this sale can be found here. Over the last 90 days, insiders have sold 177,801 shares of company stock valued at $34,646,297. Company insiders own 3.70% of the company’s stock.

A number of hedge funds and other institutional investors have recently made changes to their positions in the business. Dimensional Fund Advisors LP grew its stake in shares of Universal Display by 4.2% in the 4th quarter. Dimensional Fund Advisors LP now owns 196,113 shares of the semiconductor company’s stock valued at $18,350,000 after buying an additional 7,891 shares during the period. Geode Capital Management LLC lifted its position in Universal Display by 8.1% in the 4th quarter. Geode Capital Management LLC now owns 431,907 shares of the semiconductor company’s stock valued at $40,413,000 after acquiring an additional 32,314 shares in the last quarter. Virtu Financial LLC bought a new position in Universal Display in the 1st quarter valued at about $376,000. Retirement Systems of Alabama lifted its position in Universal Display by 0.4% in the 1st quarter. Retirement Systems of Alabama now owns 55,191 shares of the semiconductor company’s stock valued at $8,436,000 after acquiring an additional 199 shares in the last quarter. Finally, Guidant Wealth Advisors bought a new position in Universal Display in the 1st quarter valued at about $84,000. Institutional investors and hedge funds own 74.80% of the company’s stock.

Shares of Universal Display stock traded down $7.62 on Friday, reaching $204.01. The stock had a trading volume of 460,858 shares, compared to its average volume of 676,404. The company has a 50 day moving average price of $206.44 and a 200 day moving average price of $169.56. Universal Display has a 1 year low of $78.78 and a 1 year high of $218.28. The stock has a market capitalization of $9.97 billion, a P/E ratio of 164.52, a P/E/G ratio of 2.63 and a beta of 1.53.

Universal Display (NASDAQ:OLED) last released its earnings results on Thursday, August 1st. The semiconductor company reported $0.92 earnings per share for the quarter, topping the consensus estimate of $0.46 by $0.46. The company had revenue of $118.17 million for the quarter, compared to the consensus estimate of $79.26 million. Universal Display had a net margin of 33.08% and a return on equity of 16.52%. Universal Display’s revenue was up 110.5% compared to the same quarter last year. During the same quarter in the previous year, the firm earned $0.23 EPS. As a group, equities research analysts anticipate that Universal Display will post 2.68 earnings per share for the current year.

The firm also recently disclosed a quarterly dividend, which will be paid on Monday, September 30th. Shareholders of record on Monday, September 16th will be paid a dividend of $0.10 per share. This represents a $0.40 annualized dividend and a yield of 0.20%. The ex-dividend date is Friday, September 13th. Universal Display’s payout ratio is 32.26%.

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 21, 2019, it owned or had exclusive and co-exclusive licenses, or had sole license rights with respect to approximately 5,000 issued and pending patents worldwide.

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Analyst Recommendations for Universal Display (NASDAQ:OLED)

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