Universal Display (NASDAQ:OLED) Reaches New 12-Month Low – What’s Next?

Universal Display Corporation (NASDAQ:OLED)’s share price reached a new 52-week low during trading on Thursday . The company traded as low as $86.62 and last traded at $87.18, with a volume of 17154 shares changing hands. The stock had previously closed at $89.61.

Analyst Ratings Changes

A number of research analysts have recently issued reports on the company. Citigroup decreased their target price on Universal Display from $150.00 to $130.00 and set a “neutral” rating on the stock in a research report on Tuesday, January 27th. Roth Mkm reissued a “buy” rating and issued a $180.00 price target on shares of Universal Display in a report on Friday, February 20th. Weiss Ratings reaffirmed a “hold (c-)” rating on shares of Universal Display in a report on Monday, March 23rd. Needham & Company LLC dropped their target price on shares of Universal Display from $150.00 to $145.00 and set a “buy” rating on the stock in a research report on Friday, February 20th. Finally, Wall Street Zen raised shares of Universal Display from a “sell” rating to a “hold” rating in a research note on Sunday, February 22nd. Two investment analysts have rated the stock with a Buy rating and three have assigned a Hold rating to the company. Based on data from MarketBeat.com, the company currently has an average rating of “Hold” and a consensus target price of $151.67.

Universal Display Trading Down 1.9%

The business has a fifty day simple moving average of $107.49 and a two-hundred day simple moving average of $121.97. The company has a market cap of $4.14 billion, a PE ratio of 17.31, a price-to-earnings-growth ratio of 7.20 and a beta of 1.65.

Universal Display (NASDAQ:OLED) last released its earnings results on Thursday, February 19th. The semiconductor company reported $1.39 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $1.28 by $0.11. The business had revenue of $172.93 million during the quarter, compared to analyst estimates of $173.35 million. Universal Display had a net margin of 37.21% and a return on equity of 14.07%. The company’s revenue for the quarter was up 6.5% compared to the same quarter last year. During the same quarter in the prior year, the firm earned $1.22 earnings per share. Equities analysts expect that Universal Display Corporation will post 4.71 EPS for the current year.

Universal Display Increases Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Tuesday, March 31st. Investors of record on Tuesday, March 17th were paid a dividend of $0.50 per share. The ex-dividend date of this dividend was Tuesday, March 17th. This represents a $2.00 annualized dividend and a yield of 2.3%. This is a boost from Universal Display’s previous quarterly dividend of $0.45. Universal Display’s dividend payout ratio is currently 39.45%.

Institutional Inflows and Outflows

A number of institutional investors have recently bought and sold shares of the business. HM Payson & Co. increased its holdings in shares of Universal Display by 10.7% in the third quarter. HM Payson & Co. now owns 734 shares of the semiconductor company’s stock valued at $105,000 after purchasing an additional 71 shares during the last quarter. Farther Finance Advisors LLC increased its stake in shares of Universal Display by 27.2% in the 3rd quarter. Farther Finance Advisors LLC now owns 351 shares of the semiconductor company’s stock worth $50,000 after acquiring an additional 75 shares during the last quarter. Lido Advisors LLC raised its holdings in shares of Universal Display by 1.7% during the 3rd quarter. Lido Advisors LLC now owns 5,783 shares of the semiconductor company’s stock worth $831,000 after acquiring an additional 95 shares during the period. Sigma Planning Corp raised its holdings in shares of Universal Display by 1.0% during the 4th quarter. Sigma Planning Corp now owns 10,390 shares of the semiconductor company’s stock worth $1,210,000 after acquiring an additional 103 shares during the period. Finally, Rise Advisors LLC boosted its position in shares of Universal Display by 53.3% during the 3rd quarter. Rise Advisors LLC now owns 299 shares of the semiconductor company’s stock valued at $43,000 after acquiring an additional 104 shares during the last quarter. 78.19% of the stock is owned by hedge funds and other institutional investors.

Universal Display Company Profile

Universal Display Corporation (NASDAQ: OLED) is a technology company specializing in organic light-emitting diode (OLED) solutions. The company develops and commercializes materials, technologies and software used in the creation of OLED displays and lighting. Its offerings include proprietary phosphorescent OLED (PHOLED) materials, display driver integrated circuits and process technologies that enable higher efficiency, longer lifetimes and improved color performance for a range of display and lighting applications.

Universal Display’s core business is licensing its extensive OLED patent portfolio to display manufacturers and providing them with the key organic materials needed for device fabrication.