Universal Display (NASDAQ:OLED) Price Target Raised to $213.00

Universal Display (NASDAQ:OLED) had its price objective boosted by Roth Mkm from $207.00 to $213.00 in a research note published on Friday morning,Benzinga reports. They currently have a buy rating on the semiconductor company’s stock.

Other analysts have also issued reports about the company. Susquehanna lowered their target price on Universal Display from $165.00 to $160.00 and set a “neutral” rating on the stock in a research note on Friday. The Goldman Sachs Group lowered their price objective on Universal Display from $234.00 to $203.00 and set a “buy” rating on the stock in a research note on Thursday, February 6th. TD Cowen dropped their price objective on shares of Universal Display from $250.00 to $225.00 and set a “buy” rating on the stock in a report on Thursday, October 31st. Citigroup reduced their target price on shares of Universal Display from $200.00 to $162.00 and set a “neutral” rating for the company in a research note on Monday, February 10th. Finally, Needham & Company LLC dropped their price target on shares of Universal Display from $215.00 to $170.00 and set a “buy” rating on the stock in a research note on Friday. Two research analysts have rated the stock with a hold rating and five have assigned a buy rating to the stock. According to MarketBeat, the company has a consensus rating of “Moderate Buy” and a consensus price target of $190.43.

Universal Display Price Performance

Shares of Universal Display stock opened at $157.30 on Friday. The stock has a fifty day moving average price of $148.41 and a 200-day moving average price of $173.91. The firm has a market cap of $7.47 billion, a PE ratio of 33.83, a P/E/G ratio of 1.61 and a beta of 1.39. Universal Display has a 1 year low of $140.17 and a 1 year high of $237.00.

Universal Display (NASDAQ:OLED) last posted its quarterly earnings data on Thursday, February 20th. The semiconductor company reported $1.22 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $1.08 by $0.14. The business had revenue of $162.29 million during the quarter, compared to the consensus estimate of $152.75 million. Universal Display had a net margin of 34.29% and a return on equity of 15.51%. As a group, equities analysts anticipate that Universal Display will post 4.71 EPS for the current fiscal year.

Universal Display Increases Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Monday, March 31st. Investors of record on Monday, March 17th will be paid a dividend of $0.45 per share. The ex-dividend date is Monday, March 17th. This represents a $1.80 annualized dividend and a yield of 1.14%. This is a boost from Universal Display’s previous quarterly dividend of $0.40. Universal Display’s payout ratio is currently 38.71%.

Institutional Trading of Universal Display

Several institutional investors and hedge funds have recently bought and sold shares of the company. Glenmede Trust Co. NA increased its holdings in shares of Universal Display by 1.6% in the third quarter. Glenmede Trust Co. NA now owns 6,046 shares of the semiconductor company’s stock worth $1,269,000 after purchasing an additional 97 shares during the period. BNP Paribas Financial Markets grew its position in Universal Display by 8.8% during the third quarter. BNP Paribas Financial Markets now owns 52,713 shares of the semiconductor company’s stock worth $11,064,000 after buying an additional 4,269 shares in the last quarter. Montanaro Asset Management Ltd increased its stake in Universal Display by 217.4% in the 3rd quarter. Montanaro Asset Management Ltd now owns 63,260 shares of the semiconductor company’s stock worth $13,278,000 after acquiring an additional 43,330 shares during the last quarter. Cerity Partners LLC raised its holdings in shares of Universal Display by 385.2% in the 3rd quarter. Cerity Partners LLC now owns 8,588 shares of the semiconductor company’s stock valued at $1,803,000 after acquiring an additional 6,818 shares in the last quarter. Finally, Pacer Advisors Inc. boosted its position in shares of Universal Display by 37.2% during the 4th quarter. Pacer Advisors Inc. now owns 27,246 shares of the semiconductor company’s stock valued at $3,983,000 after acquiring an additional 7,390 shares during the last quarter. 78.19% of the stock is currently owned by hedge funds and other institutional investors.

About Universal Display

Universal Display Corporation engages in the research, development, and commercialization of organic light emitting diode (OLED) technologies and materials for use in display and solid-state lighting applications in the United States and internationally. The company offers PHOLED technologies and materials for displays and lighting products under the UniversalPHOLED brand.