Shares of Universal Display Co. (NASDAQ:OLED) have been given a consensus rating of “Buy” by the thirteen ratings firms that are covering the company, Marketbeat reports. One investment analyst has rated the stock with a hold rating, nine have issued a buy rating and two have issued a strong buy rating on the company. The average twelve-month target price among analysts that have covered the stock in the last year is $149.89.

A number of research firms have recently issued reports on OLED. Zacks Investment Research upgraded shares of Universal Display from a “hold” rating to a “buy” rating and set a $174.00 price target for the company in a research report on Tuesday, March 26th. ValuEngine downgraded shares of Universal Display from a “buy” rating to a “hold” rating in a research report on Monday, February 4th. Needham & Company LLC lifted their price target on shares of Universal Display from $105.00 to $140.00 and gave the company a “buy” rating in a research report on Friday, February 22nd. Deutsche Bank lifted their price target on shares of Universal Display to $140.00 in a research report on Friday, February 22nd. Finally, BidaskClub upgraded shares of Universal Display from a “hold” rating to a “buy” rating in a research report on Thursday, January 17th.

In other Universal Display news, Director Lawrence Lacerte sold 6,250 shares of Universal Display stock in a transaction that occurred on Wednesday, February 27th. The shares were sold at an average price of $145.52, for a total value of $909,500.00. Following the completion of the sale, the director now directly owns 325,000 shares of the company’s stock, valued at approximately $47,294,000. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, insider Julia J. Brown sold 17,539 shares of Universal Display stock in a transaction that occurred on Friday, March 15th. The stock was sold at an average price of $160.00, for a total transaction of $2,806,240.00. Following the completion of the sale, the insider now directly owns 125,657 shares of the company’s stock, valued at $20,105,120. The disclosure for this sale can be found here. Insiders sold a total of 25,039 shares of company stock valued at $3,907,465 over the last ninety days. 4.00% of the stock is owned by corporate insiders.

Hedge funds have recently added to or reduced their stakes in the business. JPMorgan Chase & Co. grew its stake in shares of Universal Display by 29.1% during the 3rd quarter. JPMorgan Chase & Co. now owns 1,023,098 shares of the semiconductor company’s stock valued at $120,623,000 after buying an additional 230,534 shares during the period. PNC Financial Services Group Inc. grew its stake in shares of Universal Display by 32.0% during the 3rd quarter. PNC Financial Services Group Inc. now owns 5,849 shares of the semiconductor company’s stock valued at $690,000 after buying an additional 1,417 shares during the period. BlackRock Inc. grew its stake in shares of Universal Display by 0.7% during the 3rd quarter. BlackRock Inc. now owns 1,800,372 shares of the semiconductor company’s stock valued at $212,264,000 after buying an additional 13,294 shares during the period. Allianz Asset Management GmbH purchased a new stake in shares of Universal Display during the 3rd quarter valued at $4,176,000. Finally, Verition Fund Management LLC purchased a new stake in shares of Universal Display during the 3rd quarter valued at $900,000. 85.45% of the stock is owned by hedge funds and other institutional investors.

NASDAQ:OLED traded down $1.36 during mid-day trading on Monday, reaching $168.88. The stock had a trading volume of 13,310 shares, compared to its average volume of 794,157. The company has a market cap of $7.90 billion, a P/E ratio of 135.25, a PEG ratio of 2.65 and a beta of 1.44. Universal Display has a twelve month low of $78.75 and a twelve month high of $174.87.

Universal Display (NASDAQ:OLED) last announced its quarterly earnings data on Thursday, February 21st. The semiconductor company reported $0.40 EPS for the quarter, beating the Zacks’ consensus estimate of $0.34 by $0.06. Universal Display had a net margin of 23.78% and a return on equity of 8.85%. The firm had revenue of $70.14 million during the quarter, compared to the consensus estimate of $70.18 million. During the same quarter last year, the firm earned $0.93 earnings per share. The firm’s revenue was down 39.5% compared to the same quarter last year. As a group, analysts predict that Universal Display will post 2.17 earnings per share for the current fiscal year.

The company also recently announced a quarterly dividend, which was paid on Friday, March 29th. Shareholders of record on Friday, March 15th were paid a $0.10 dividend. This is a boost from Universal Display’s previous quarterly dividend of $0.06. This represents a $0.40 annualized dividend and a yield of 0.24%. The ex-dividend date of this dividend was Thursday, March 14th. Universal Display’s payout ratio is presently 32.26%.

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 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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