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.

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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.

Analyst Recommendations for Universal Display (NASDAQ:OLED)

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