ValuEngine lowered shares of Universal Display (NASDAQ:OLED) from a buy rating to a hold rating in a research note published on Tuesday morning.

Several other analysts have also issued reports on the company. Citigroup assumed coverage on Universal Display in a research note on Tuesday. They issued a buy rating on the stock. BidaskClub raised Universal Display from a hold rating to a buy rating in a research report on Thursday, August 30th. Zacks Investment Research raised Universal Display from a sell rating to a hold rating in a research report on Saturday, August 11th. Needham & Company LLC upped their target price on Universal Display from $130.00 to $145.00 and gave the company a buy rating in a research report on Friday, August 10th. Finally, Goldman Sachs Group set a $150.00 target price on Universal Display and gave the company a buy rating in a research report on Tuesday, May 29th. Three investment analysts have rated the stock with a hold rating and eleven have given a buy rating to the company’s stock. The stock has a consensus rating of Buy and an average price target of $174.80.

NASDAQ:OLED opened at $124.50 on Tuesday. The company has a market capitalization of $5.76 billion, a price-to-earnings ratio of 51.23 and a beta of 1.73. Universal Display has a 12-month low of $78.75 and a 12-month high of $209.00.

Universal Display (NASDAQ:OLED) last released its quarterly earnings data on Thursday, August 9th. The semiconductor company reported $0.23 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.15 by $0.08. The firm had revenue of $56.15 million for the quarter, compared to analyst estimates 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 company earned $0.99 earnings per share. equities research analysts forecast that Universal Display will post 1.83 EPS for the current fiscal year.

The company also recently announced a quarterly dividend, which will be paid on Friday, September 28th. Stockholders of record on Saturday, September 15th will be given a $0.06 dividend. This represents a $0.24 annualized dividend and a dividend yield of 0.19%. The ex-dividend date of this dividend is Thursday, September 13th. Universal Display’s payout ratio is 9.88%.

In other news, Director Rosemarie B. Greco sold 3,750 shares of the company’s stock in a transaction that occurred on Thursday, June 7th. The stock was sold at an average price of $98.15, for a total value of $368,062.50. Following the transaction, the director now owns 10,700 shares of the company’s stock, valued at $1,050,205. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. Also, Director Lawrence Lacerte sold 15,000 shares of the stock in a transaction that occurred on 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 sale, the director now directly owns 348,950 shares in the company, valued at approximately $41,703,014.50. The disclosure for this sale can be found here. 4.00% of the stock is currently owned by corporate insiders.

Large investors have recently modified their holdings of the stock. Assetmark Inc. grew its position in Universal Display by 187.9% during the first quarter. Assetmark Inc. now owns 996 shares of the semiconductor company’s stock worth $101,000 after buying an additional 650 shares in the last quarter. US Bancorp DE grew its position in Universal Display by 125.0% during the first quarter. US Bancorp DE now owns 1,640 shares of the semiconductor company’s stock worth $165,000 after buying an additional 911 shares in the last quarter. Whittier Trust Co. of Nevada Inc. grew its position in Universal Display by 46.5% during the second quarter. Whittier Trust Co. of Nevada Inc. now owns 1,866 shares of the semiconductor company’s stock worth $160,000 after buying an additional 592 shares in the last quarter. Cornercap Investment Counsel Inc. acquired a new stake in Universal Display during the first quarter worth approximately $202,000. Finally, Parsons Capital Management Inc. RI grew its position in Universal Display by 65.7% during the first quarter. Parsons Capital Management Inc. RI now owns 2,031 shares of the semiconductor company’s stock worth $205,000 after buying an additional 805 shares in the last quarter. 72.57% of the stock is currently owned by institutional investors and hedge funds.

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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