BidaskClub upgraded shares of Universal Display Corporation (NASDAQ:OLED) from a sell rating to a hold rating in a research report report published on Friday morning.

Several other research firms have also recently issued reports on OLED. Summit Redstone reaffirmed a hold rating and set a $95.00 price objective on shares of Universal Display Corporation in a research report on Tuesday, August 1st. Cowen and Company reaffirmed an outperform rating and set a $130.00 price objective on shares of Universal Display Corporation in a research report on Tuesday, August 1st. Zacks Investment Research cut shares of Universal Display Corporation from a strong-buy rating to a hold rating in a research report on Tuesday, July 18th. Goldman Sachs Group, Inc. (The) reaffirmed a buy rating and set a $150.00 price objective (up from $140.00) on shares of Universal Display Corporation in a research report on Wednesday, August 9th. Finally, Susquehanna Bancshares Inc reaffirmed a positive rating and set a $150.00 price objective (up from $120.00) on shares of Universal Display Corporation in a research report on Wednesday, August 9th. Six analysts have rated the stock with a hold rating, six have assigned a buy rating and one has issued a strong buy rating to the stock. The stock has a consensus rating of Buy and a consensus target price of $118.00.

Universal Display Corporation (OLED) opened at 111.25 on Friday. The company has a market cap of $5.23 billion, a price-to-earnings ratio of 64.49 and a beta of 1.05. The stock has a 50 day moving average price of $116.44 and a 200 day moving average price of $101.08. Universal Display Corporation has a 12 month low of $47.88 and a 12 month high of $130.65.

Universal Display Corporation (NASDAQ:OLED) last released its quarterly earnings data on Thursday, August 3rd. The semiconductor company reported $0.99 earnings per share (EPS) for the quarter, topping the Thomson Reuters’ consensus estimate of $0.68 by $0.31. The business had revenue of $102.50 million during the quarter, compared to analysts’ expectations of $84.81 million. Universal Display Corporation had a net margin of 31.15% and a return on equity of 14.90%. The company’s revenue for the quarter was up 59.2% on a year-over-year basis. During the same period in the previous year, the company earned $0.46 EPS. Analysts anticipate that Universal Display Corporation will post $2.14 earnings per share for the current fiscal year.

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The business also recently declared a quarterly dividend, which will be paid on Saturday, September 30th. Investors of record on Friday, September 15th will be given a $0.03 dividend. The ex-dividend date of this dividend is Thursday, September 14th. This represents a $0.12 dividend on an annualized basis and a yield of 0.11%. Universal Display Corporation’s dividend payout ratio (DPR) is presently 6.94%.

In related news, CEO Steven V. Abramson sold 18,000 shares of the business’s stock in a transaction on Wednesday, July 19th. The shares were sold at an average price of $124.53, for a total value of $2,241,540.00. Following the completion of the sale, the chief executive officer now directly owns 262,888 shares of the company’s stock, valued at $32,737,442.64. The sale was disclosed in a filing with the SEC, which is available through this hyperlink. Also, insider Julia J. Brown sold 10,000 shares of the business’s stock in a transaction on Wednesday, July 19th. The shares were sold at an average price of $125.00, for a total transaction of $1,250,000.00. Following the completion of the sale, the insider now directly owns 162,932 shares of the company’s stock, valued at $20,366,500. The disclosure for this sale can be found here. 5.70% of the stock is owned by insiders.

Large investors have recently made changes to their positions in the stock. Mitra Capital LLC bought a new stake in shares of Universal Display Corporation during the second quarter worth $109,000. IFP Advisors Inc boosted its stake in shares of Universal Display Corporation by 307.5% in the second quarter. IFP Advisors Inc now owns 1,080 shares of the semiconductor company’s stock worth $118,000 after buying an additional 815 shares during the period. Dubuque Bank & Trust Co. bought a new stake in shares of Universal Display Corporation during the first quarter worth $125,000. FNY Partners Fund LP bought a new stake in shares of Universal Display Corporation during the first quarter worth $146,000. Finally, Invictus RG bought a new stake in shares of Universal Display Corporation during the first quarter worth $152,000. 64.29% of the stock is owned by hedge funds and other institutional investors.

Universal Display Corporation Company Profile

Universal Display Corporation is engaged in the research, development and commercialization of organic light emitting diode (OLED), technologies and materials for use in display and solid-state lighting applications. The Company also supplies its OLED materials to manufacturers of OLED displays and lighting products for evaluation and for use in product development and for pre-commercial activities, and it also provides technical assistance and support to these manufacturers.

Analyst Recommendations for Universal Display Corporation (NASDAQ:OLED)

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