Universal Display Co. (NASDAQ:OLED) Receives $190.43 Consensus Target Price from Brokerages

Universal Display Co. (NASDAQ:OLED) has been given a consensus rating of “Moderate Buy” by the seven research firms that are presently covering the stock, MarketBeat Ratings reports. Two investment analysts have rated the stock with a hold rating and five have assigned a buy rating to the company. The average twelve-month price target among brokerages that have covered the stock in the last year is $190.43.

A number of equities analysts recently issued reports on OLED shares. Susquehanna decreased their target price on Universal Display from $165.00 to $160.00 and set a “neutral” rating on the stock in a report on Friday, February 21st. Citigroup dropped their price target on Universal Display from $200.00 to $162.00 and set a “neutral” rating on the stock in a research note on Monday, February 10th. Roth Mkm boosted their price objective on Universal Display from $207.00 to $213.00 and gave the stock a “buy” rating in a report on Friday, February 21st. StockNews.com upgraded shares of Universal Display from a “sell” rating to a “hold” rating in a report on Friday, May 2nd. Finally, The Goldman Sachs Group dropped their target price on shares of Universal Display from $234.00 to $203.00 and set a “buy” rating on the stock in a research report on Thursday, February 6th.

Institutional Trading of Universal Display

Several institutional investors have recently made changes to their positions in the stock. Vanguard Group Inc. boosted its stake in shares of Universal Display by 1.4% during the 4th quarter. Vanguard Group Inc. now owns 4,784,099 shares of the semiconductor company’s stock valued at $699,435,000 after buying an additional 67,590 shares during the period. Kayne Anderson Rudnick Investment Management LLC boosted its position in Universal Display by 73.8% during the first quarter. Kayne Anderson Rudnick Investment Management LLC now owns 4,407,846 shares of the semiconductor company’s stock valued at $614,806,000 after purchasing an additional 1,871,333 shares during the last quarter. Primecap Management Co. CA boosted its position in Universal Display by 2.1% during the first quarter. Primecap Management Co. CA now owns 1,835,722 shares of the semiconductor company’s stock valued at $256,047,000 after purchasing an additional 38,590 shares during the last quarter. Geode Capital Management LLC grew its stake in Universal Display by 12.8% in the fourth quarter. Geode Capital Management LLC now owns 901,315 shares of the semiconductor company’s stock valued at $131,806,000 after purchasing an additional 101,963 shares in the last quarter. Finally, Jennison Associates LLC increased its position in Universal Display by 58.2% in the 4th quarter. Jennison Associates LLC now owns 683,822 shares of the semiconductor company’s stock worth $99,975,000 after purchasing an additional 251,557 shares during the last quarter. 78.19% of the stock is currently owned by institutional investors and hedge funds.

Universal Display Price Performance

Shares of OLED opened at $151.11 on Friday. The firm’s 50 day moving average is $134.80 and its 200-day moving average is $147.98. Universal Display has a 12-month low of $103.70 and a 12-month high of $237.00. The stock has a market capitalization of $7.18 billion, a P/E ratio of 32.50, a P/E/G ratio of 1.61 and a beta of 1.46.

Universal Display (NASDAQ:OLED) last issued its earnings results on Thursday, May 1st. The semiconductor company reported $1.35 earnings per share for the quarter, topping analysts’ consensus estimates of $1.07 by $0.28. The firm had revenue of $166.28 million during the quarter, compared to analysts’ expectations of $154.76 million. Universal Display had a net margin of 34.29% and a return on equity of 15.51%. The firm’s revenue for the quarter was up .6% compared to the same quarter last year. During the same period last year, the firm posted $1.19 earnings per share. As a group, equities research analysts forecast that Universal Display will post 4.71 EPS for the current fiscal year.

Universal Display Announces Dividend

The firm also recently announced a quarterly dividend, which will be paid on Monday, June 30th. Stockholders of record on Monday, June 16th will be issued a $0.45 dividend. The ex-dividend date of this dividend is Monday, June 16th. This represents a $1.80 dividend on an annualized basis and a dividend yield of 1.19%. Universal Display’s dividend payout ratio is 37.42%.

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 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.