Universal Display (OLED) Price Target Increased to $190.00 by Analysts at Deutsche Bank
Universal Display (NASDAQ:OLED) had its price objective boosted by Deutsche Bank to $190.00 in a report released on Friday morning. They currently have a buy rating on the semiconductor company’s stock.
Other research analysts have also recently issued research reports about the stock. BidaskClub upgraded shares of Universal Display from a sell rating to a hold rating in a research report on Friday, August 25th. Needham & Company LLC reissued a hold rating on shares of Universal Display in a research note on Friday, November 3rd. Gabelli lowered shares of Universal Display from a buy rating to a hold rating and set a $134.00 target price for the company. in a research note on Friday, November 3rd. Zacks Investment Research raised shares of Universal Display from a hold rating to a strong-buy rating and set a $136.00 target price for the company in a research note on Thursday, August 10th. Finally, Cowen reissued an outperform rating and set a $195.00 target price (up from $155.00) on shares of Universal Display in a research note on Friday, November 10th. Eight analysts have rated the stock with a hold rating and seven have issued a buy rating to the company. The company has a consensus rating of Hold and a consensus target price of $155.30.
Universal Display (NASDAQ OLED) traded up $5.35 during mid-day trading on Friday, reaching $172.70. 1,942,619 shares of the company’s stock were exchanged, compared to its average volume of 960,116. Universal Display has a fifty-two week low of $55.30 and a fifty-two week high of $192.75. The company has a market capitalization of $7,872.25, a PE ratio of 82.03 and a beta of 1.06.
Universal Display (NASDAQ:OLED) last posted its quarterly earnings data on Thursday, November 2nd. The semiconductor company reported $0.28 earnings per share for the quarter, beating the Zacks’ consensus estimate of $0.09 by $0.19. Universal Display had a net margin of 32.92% and a return on equity of 16.67%. The business had revenue of $61.70 million for the quarter, compared to analysts’ expectations of $47.35 million. During the same quarter in the previous year, the business posted ($0.03) earnings per share. The business’s revenue was up 104.3% compared to the same quarter last year. sell-side analysts expect that Universal Display will post 2.33 earnings per share for the current year.
The business also recently announced a quarterly dividend, which will be paid on Friday, December 29th. Stockholders of record on Friday, December 15th will be paid a dividend of $0.03 per share. This represents a $0.12 dividend on an annualized basis and a dividend yield of 0.07%. The ex-dividend date of this dividend is Thursday, December 14th. Universal Display’s dividend payout ratio is currently 5.88%.
In related news, insider Steven V. Abramson sold 18,744 shares of the company’s stock in a transaction dated Monday, November 6th. The shares were sold at an average price of $158.40, for a total value of $2,969,049.60. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. Also, CFO Sidney D. Rosenblatt sold 50,240 shares of the company’s stock in a transaction dated Monday, September 18th. The stock was sold at an average price of $135.02, for a total transaction of $6,783,404.80. The disclosure for this sale can be found here. Insiders have sold 196,974 shares of company stock valued at $30,133,174 over the last three months. Insiders own 5.20% of the company’s stock.
Large investors have recently added to or reduced their stakes in the stock. Mitra Capital LLC purchased a new stake in Universal Display in the second quarter worth about $109,000. IFP Advisors Inc lifted its stake in Universal Display 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 acquiring an additional 815 shares during the period. BNP Paribas Arbitrage SA lifted its stake in Universal Display by 79.4% in the second quarter. BNP Paribas Arbitrage SA now owns 1,536 shares of the semiconductor company’s stock worth $168,000 after acquiring an additional 680 shares during the period. Daiwa Securities Group Inc. purchased a new stake in Universal Display in the second quarter worth about $197,000. Finally, CIBC Asset Management Inc purchased a new stake in Universal Display in the third quarter worth about $205,000. 65.03% of the stock is owned by institutional investors.
WARNING: “Universal Display (OLED) Price Target Increased to $190.00 by Analysts at Deutsche Bank” was first reported by Watch List News and is the sole property of of Watch List News. If you are viewing this news story on another site, it was illegally copied and reposted in violation of United States & international copyright legislation. The correct version of this news story can be viewed at https://www.watchlistnews.com/universal-display-oled-price-target-increased-to-190-00-by-analysts-at-deutsche-bank/1754459.html.
Universal Display 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.
Receive News & Ratings for Universal Display Corporation Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Universal Display Corporation and related companies with Analyst Ratings Network's FREE daily email newsletter.