Universal Display Co. (NASDAQ:OLED) – Stock analysts at Oppenheimer raised their FY2020 earnings estimates for shares of Universal Display in a research note issued to investors on Monday, September 24th. Oppenheimer analyst A. Uerkwitz now expects that the semiconductor company will earn $4.40 per share for the year, up from their prior forecast of $4.20. Oppenheimer currently has a “Outperform” rating and a $140.00 target price on the stock.

Universal Display (NASDAQ:OLED) last issued its quarterly earnings data on Thursday, August 9th. The semiconductor company reported $0.23 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.15 by $0.08. The firm had revenue of $56.15 million during the quarter, compared to the consensus estimate of $49.64 million. Universal Display had a return on equity of 11.59% and a net margin of 22.76%. The company’s quarterly revenue was down 45.2% on a year-over-year basis. During the same period last year, the company earned $0.99 EPS.

A number of other analysts also recently issued reports on OLED. BidaskClub raised Universal Display from a “strong sell” rating to a “sell” rating in a research report on Wednesday, May 30th. ValuEngine raised Universal Display from a “sell” rating to a “hold” rating in a research report on Tuesday, July 10th. Needham & Company LLC raised their target price on 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 upgraded Universal Display from a “sell” rating to a “hold” rating in a report on Saturday, August 11th. Finally, Citigroup assumed coverage on Universal Display in a report on Tuesday, September 4th. They set a “buy” rating and a $153.00 target price for the company. Four research analysts have rated the stock with a hold rating and eleven have given a buy rating to the company. The company has a consensus rating of “Buy” and a consensus target price of $171.75.

Shares of NASDAQ:OLED opened at $116.45 on Thursday. The stock has a market cap of $5.73 billion, a P/E ratio of 47.92 and a beta of 1.74. Universal Display has a 12-month low of $78.75 and a 12-month high of $209.00.

The company also recently announced a quarterly dividend, which will be paid on Friday, September 28th. Investors of record on Saturday, September 15th will be issued a dividend of $0.06 per share. This represents a $0.24 dividend on an annualized basis and a yield of 0.21%. The ex-dividend date of this dividend is Thursday, September 13th. Universal Display’s dividend payout ratio (DPR) is 9.88%.

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

Several institutional investors and hedge funds have recently made changes to their positions in OLED. Schwab Charles Investment Management Inc. boosted its stake in shares of Universal Display by 11.6% in the 1st quarter. Schwab Charles Investment Management Inc. now owns 207,143 shares of the semiconductor company’s stock valued at $20,922,000 after buying an additional 21,453 shares during the period. US Bancorp DE boosted its stake in shares of Universal Display by 125.0% in the 1st quarter. US Bancorp DE now owns 1,640 shares of the semiconductor company’s stock valued at $165,000 after buying an additional 911 shares during the period. Private Advisor Group LLC purchased a new position in shares of Universal Display in the 1st quarter valued at about $287,000. Northern Trust Corp boosted its stake in shares of Universal Display by 0.9% in the 1st quarter. Northern Trust Corp now owns 221,389 shares of the semiconductor company’s stock valued at $22,361,000 after buying an additional 2,056 shares during the period. Finally, BlackRock Inc. boosted its stake in shares of Universal Display by 17.6% in the 1st quarter. BlackRock Inc. now owns 1,985,898 shares of the semiconductor company’s stock valued at $200,576,000 after buying an additional 297,565 shares during the period. Institutional investors and hedge funds own 72.56% of the company’s stock.

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 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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Earnings History and Estimates for Universal Display (NASDAQ:OLED)

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