Universal Display Corporation (NASDAQ:OLED) Given Average Recommendation of “Hold” by Analysts

Shares of Universal Display Corporation (NASDAQ:OLED) have earned an average recommendation of “Hold” from the eight analysts that are currently covering the firm, Marketbeat reports. One investment analyst has rated the stock with a sell rating, four have given a hold rating and three have assigned a buy rating to the company. The average 12-month target price among brokers that have issued ratings on the stock in the last year is $116.3333.

OLED has been the topic of a number of analyst reports. Citigroup dropped their price target on shares of Universal Display from $100.00 to $85.00 and set a “neutral” rating on the stock in a research note on Monday, August 3rd. Weiss Ratings cut shares of Universal Display from a “hold (c-)” rating to a “sell (d+)” rating in a report on Tuesday, July 28th. Susquehanna dropped their target price on shares of Universal Display from $110.00 to $90.00 and set a “neutral” rating on the stock in a research note on Friday, July 31st. Zacks Research upgraded shares of Universal Display from a “strong sell” rating to a “hold” rating in a report on Thursday, August 13th. Finally, BTIG Research downgraded shares of Universal Display to a “neutral” rating in a research report on Friday, July 31st.

Universal Display Trading Up 3.0%

Shares of NASDAQ:OLED opened at $83.56 on Friday. The stock has a fifty day simple moving average of $83.49 and a two-hundred day simple moving average of $89.98. The stock has a market capitalization of $3.84 billion, a price-to-earnings ratio of 20.23 and a beta of 1.56. Universal Display has a 12-month low of $76.42 and a 12-month high of $153.38.

Universal Display (NASDAQ:OLED) last released its earnings results on Thursday, July 30th. The semiconductor company reported $1.06 EPS for the quarter, topping the consensus estimate of $1.03 by $0.03. Universal Display had a return on equity of 11.35% and a net margin of 32.24%.The business had revenue of $152.16 million for the quarter, compared to the consensus estimate of $157.54 million. During the same period in the previous year, the company posted $1.41 earnings per share. The company’s revenue for the quarter was down 11.4% compared to the same quarter last year. As a group, equities research analysts predict that Universal Display will post 4.17 EPS for the current year.

Universal Display Dividend Announcement

The firm also recently disclosed a quarterly dividend, which will be paid on Wednesday, September 30th. Investors of record on Wednesday, September 16th will be given a $0.50 dividend. The ex-dividend date of this dividend is Wednesday, September 16th. This represents a $2.00 annualized dividend and a yield of 2.4%. Universal Display’s dividend payout ratio is 48.43%.

Institutional Trading of Universal Display

Institutional investors and hedge funds have recently modified their holdings of the business. Lido Advisors LLC lifted its holdings in shares of Universal Display by 1.7% during the third quarter. Lido Advisors LLC now owns 5,783 shares of the semiconductor company’s stock valued at $831,000 after purchasing an additional 95 shares in the last quarter. Certuity LLC increased its holdings in Universal Display by 4.3% in the 3rd quarter. Certuity LLC now owns 2,556 shares of the semiconductor company’s stock worth $367,000 after buying an additional 105 shares in the last quarter. Northwestern Mutual Wealth Management Co. raised its position in Universal Display by 5.7% in the 3rd quarter. Northwestern Mutual Wealth Management Co. now owns 1,999 shares of the semiconductor company’s stock worth $287,000 after buying an additional 108 shares during the last quarter. Public Employees Retirement System of Ohio raised its position in Universal Display by 0.8% in the 3rd quarter. Public Employees Retirement System of Ohio now owns 13,979 shares of the semiconductor company’s stock worth $2,008,000 after buying an additional 113 shares during the last quarter. Finally, UMB Bank n.a. lifted its stake in Universal Display by 28.3% during the 4th quarter. UMB Bank n.a. now owns 549 shares of the semiconductor company’s stock valued at $64,000 after acquiring an additional 121 shares during the period. Institutional investors own 78.19% of the company’s stock.

Universal Display Company Profile

Universal Display Corporation (NASDAQ: OLED) develops and commercializes organic light-emitting diode (OLED) technologies and materials. The company’s business is centered on high-efficiency phosphorescent OLED (PHOLED) technology, which is designed to improve the performance and energy efficiency of OLED displays and lighting products.

Universal Display supplies OLED emitter materials and other related products to manufacturers and provides technology licenses, technical assistance and support under agreements covering its intellectual property.