Universal Display (NASDAQ:OLED) had its target price lifted by Oppenheimer from $120.00 to $140.00 in a report issued on Tuesday morning, The Fly reports. The brokerage currently has an outperform rating on the semiconductor company’s stock.

A number of other analysts have also recently issued reports on the company. BidaskClub cut Universal Display from a buy rating to a hold rating in a report on Friday, September 14th. ValuEngine cut Universal Display from a buy rating to a hold rating in a report on Tuesday, September 4th. Citigroup began coverage on Universal Display in a report on Tuesday, September 4th. They set a buy rating and a $153.00 price objective on the stock. Zacks Investment Research raised Universal Display from a sell rating to a hold rating in a report on Saturday, August 11th. Finally, Needham & Company LLC increased their price objective on Universal Display from $130.00 to $145.00 and gave the stock a buy rating in a report on Friday, August 10th. Four equities research analysts have rated the stock with a hold rating and eleven have assigned a buy rating to the company’s stock. Universal Display has an average rating of Buy and an average price target of $171.75.

Shares of NASDAQ OLED opened at $121.75 on Tuesday. Universal Display has a one year low of $78.75 and a one year high of $209.00. The firm has a market cap of $5.73 billion, a PE ratio of 77.48 and a beta of 1.74.

Universal Display (NASDAQ:OLED) last issued its quarterly earnings results on Thursday, August 9th. The semiconductor company reported $0.23 EPS for the quarter, beating analysts’ consensus estimates of $0.15 by $0.08. The firm had revenue of $56.15 million for the quarter, compared to analysts’ expectations of $49.64 million. Universal Display had a return on equity of 11.59% and a net margin of 22.76%. The business’s revenue for the quarter was down 45.2% compared to the same quarter last year. During the same quarter in the prior year, the firm earned $0.99 EPS. sell-side analysts forecast that Universal Display will post 1.83 earnings per share for the current fiscal year.

The business also recently disclosed a quarterly dividend, which will be paid on Friday, September 28th. Investors of record on Saturday, September 15th will be issued a dividend of $0.06 per share. The ex-dividend date of this dividend is Thursday, September 13th. This represents a $0.24 dividend on an annualized basis and a yield of 0.20%. Universal Display’s dividend payout ratio (DPR) is 9.88%.

In other Universal Display news, Director Lawrence Lacerte sold 15,000 shares of the company’s stock in a transaction dated Tuesday, August 14th. The stock was sold at an average price of $119.51, for a total value of $1,792,650.00. Following the transaction, the director now directly owns 348,950 shares in the company, valued at approximately $41,703,014.50. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, VP Mauro Premutico sold 10,044 shares of the company’s stock in a transaction dated Tuesday, September 4th. The stock was sold at an average price of $123.63, for a total value of $1,241,739.72. The disclosure for this sale can be found here. Corporate insiders own 4.00% of the company’s stock.

A number of hedge funds and other institutional investors have recently made changes to their positions in OLED. Assetmark Inc. increased its stake in Universal Display by 187.9% in the 1st quarter. Assetmark Inc. now owns 996 shares of the semiconductor company’s stock worth $101,000 after acquiring an additional 650 shares during the last quarter. Whittier Trust Co. of Nevada Inc. increased its stake in Universal Display by 46.5% in the 2nd quarter. Whittier Trust Co. of Nevada Inc. now owns 1,866 shares of the semiconductor company’s stock worth $160,000 after acquiring an additional 592 shares during the last quarter. US Bancorp DE increased its stake in Universal Display by 125.0% in the 1st quarter. US Bancorp DE now owns 1,640 shares of the semiconductor company’s stock worth $165,000 after acquiring an additional 911 shares during the last quarter. Advisors Asset Management Inc. increased its stake in Universal Display by 4,030.0% in the 2nd quarter. Advisors Asset Management Inc. now owns 190,683 shares of the semiconductor company’s stock worth $192,000 after acquiring an additional 186,066 shares during the last quarter. Finally, Cornercap Investment Counsel Inc. bought a new position in Universal Display in the 1st quarter worth about $202,000. Institutional investors and hedge funds own 72.56% of the company’s stock.

Universal Display Company Profile

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 22, 2018, it owned or had exclusive and co-exclusive licenses, or had sole license rights with respect to approximately 4,500 issued and pending patents worldwide.

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Analyst Recommendations for Universal Display (NASDAQ:OLED)

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