Analysts Set Universal Display Corporation (NASDAQ:OLED) Target Price at $181.33

Shares of Universal Display Corporation (NASDAQ:OLED) have been given a consensus recommendation of “Moderate Buy” by the eight ratings firms that are covering the company, Marketbeat Ratings reports. Three analysts have rated the stock with a hold rating, four have given a buy rating and one has given a strong buy rating to the company. The average twelve-month target price among analysts that have issued a report on the stock in the last year is $181.3333.

A number of research analysts recently issued reports on the company. Weiss Ratings reiterated a “hold (c)” rating on shares of Universal Display in a research note on Wednesday, October 8th. Needham & Company LLC lowered their price target on shares of Universal Display from $170.00 to $150.00 and set a “buy” rating on the stock in a report on Friday, November 7th. Finally, Zacks Research raised shares of Universal Display from a “hold” rating to a “strong-buy” rating in a research note on Tuesday, October 21st.

Universal Display Price Performance

NASDAQ:OLED opened at $119.37 on Friday. Universal Display has a one year low of $103.70 and a one year high of $174.00. The business has a fifty day moving average price of $142.63 and a 200-day moving average price of $146.03. The firm has a market capitalization of $5.67 billion, a price-to-earnings ratio of 23.31, a price-to-earnings-growth ratio of 4.38 and a beta of 1.60.

Universal Display (NASDAQ:OLED) last released its earnings results on Thursday, November 6th. The semiconductor company reported $0.92 earnings per share for the quarter, missing the consensus estimate of $1.19 by ($0.27). The company had revenue of $139.61 million for the quarter, compared to analysts’ expectations of $165.56 million. Universal Display had a net margin of 36.95% and a return on equity of 15.82%. Universal Display’s revenue for the quarter was down 13.6% on a year-over-year basis. During the same quarter last year, the firm posted $1.40 earnings per share. Universal Display has set its FY 2025 guidance at EPS. On average, equities research analysts expect that Universal Display will post 4.71 earnings per share for the current fiscal year.

Universal Display Announces Dividend

The firm also recently declared a quarterly dividend, which will be paid on Wednesday, December 31st. Shareholders of record on Wednesday, December 17th will be paid a $0.45 dividend. This represents a $1.80 dividend on an annualized basis and a yield of 1.5%. The ex-dividend date is Wednesday, December 17th. Universal Display’s dividend payout ratio is presently 38.79%.

Institutional Trading of Universal Display

Several institutional investors have recently made changes to their positions in the business. Rise Advisors LLC lifted its holdings in Universal Display by 87.9% in the 1st quarter. Rise Advisors LLC now owns 186 shares of the semiconductor company’s stock worth $26,000 after purchasing an additional 87 shares in the last quarter. Whittier Trust Co. bought a new stake in shares of Universal Display during the second quarter valued at approximately $30,000. Smartleaf Asset Management LLC lifted its holdings in shares of Universal Display by 309.8% in the third quarter. Smartleaf Asset Management LLC now owns 209 shares of the semiconductor company’s stock worth $30,000 after buying an additional 158 shares in the last quarter. Parkside Financial Bank & Trust boosted its position in shares of Universal Display by 236.7% during the second quarter. Parkside Financial Bank & Trust now owns 202 shares of the semiconductor company’s stock worth $31,000 after acquiring an additional 142 shares during the last quarter. Finally, Pilgrim Partners Asia Pte Ltd bought a new position in shares of Universal Display during the third quarter worth $37,000. Hedge funds and other institutional investors own 78.19% of the company’s stock.

About Universal Display

Universal Display Corporation engages in the research, development, and commercialization of organic light emitting diode (OLED) technologies and materials for use in display and solid-state lighting applications in the United States and internationally. The company offers PHOLED technologies and materials for displays and lighting products under the UniversalPHOLED brand.