Brokerages Set Universal Display Co. (NASDAQ:OLED) Target Price at $190.43

Shares of Universal Display Co. (NASDAQ:OLED) have earned an average recommendation of “Moderate Buy” from the seven brokerages that are currently covering the company, Marketbeat Ratings reports. Two analysts have rated the stock with a hold rating and five have given a buy rating to the company. The average 12 month price objective among brokerages that have issued a report on the stock in the last year is $190.43.

A number of equities analysts recently weighed in on OLED shares. Roth Mkm increased their price target on Universal Display from $207.00 to $213.00 and gave the company a “buy” rating in a research report on Friday, February 21st. Susquehanna reduced their target price on Universal Display from $165.00 to $160.00 and set a “neutral” rating for the company in a report on Friday, February 21st. Oppenheimer lowered their price target on Universal Display from $220.00 to $200.00 and set an “outperform” rating on the stock in a report on Thursday, January 2nd. Citigroup decreased their price objective on Universal Display from $200.00 to $162.00 and set a “neutral” rating for the company in a research report on Monday, February 10th. Finally, StockNews.com raised shares of Universal Display from a “sell” rating to a “hold” rating in a research report on Friday, March 21st.

Institutional Inflows and Outflows

Several hedge funds have recently modified their holdings of OLED. Norges Bank acquired a new stake in shares of Universal Display in the 4th quarter valued at $95,924,000. Raymond James Financial Inc. bought a new position in Universal Display during the fourth quarter valued at about $41,504,000. Point72 Asset Management L.P. acquired a new stake in shares of Universal Display in the fourth quarter worth about $38,981,000. Jennison Associates LLC boosted its stake in shares of Universal Display by 58.2% during the 4th quarter. Jennison Associates LLC now owns 683,822 shares of the semiconductor company’s stock worth $99,975,000 after acquiring an additional 251,557 shares in the last quarter. Finally, Barclays PLC increased its holdings in shares of Universal Display by 753.8% during the 3rd quarter. Barclays PLC now owns 212,518 shares of the semiconductor company’s stock valued at $44,608,000 after acquiring an additional 187,627 shares during the last quarter. Institutional investors and hedge funds own 78.19% of the company’s stock.

Universal Display Trading Up 0.0 %

Shares of Universal Display stock opened at $138.90 on Friday. Universal Display has a 52 week low of $132.01 and a 52 week high of $237.00. The stock has a market cap of $6.59 billion, a PE ratio of 29.87, a price-to-earnings-growth ratio of 1.61 and a beta of 1.40. The company’s 50-day moving average price is $148.87 and its two-hundred day moving average price is $166.68.

Universal Display (NASDAQ:OLED) last released its earnings results on Thursday, February 20th. The semiconductor company reported $1.22 EPS for the quarter, topping analysts’ consensus estimates of $1.08 by $0.14. The business had revenue of $162.29 million for the quarter, compared to the consensus estimate of $152.75 million. Universal Display had a net margin of 34.29% and a return on equity of 15.51%. On average, equities analysts predict that Universal Display will post 4.71 EPS for the current fiscal year.

Universal Display Increases Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Monday, March 31st. Investors of record on Monday, March 17th were given a dividend of $0.45 per share. This represents a $1.80 annualized dividend and a yield of 1.30%. The ex-dividend date was Monday, March 17th. This is a positive change from Universal Display’s previous quarterly dividend of $0.40. Universal Display’s dividend payout ratio (DPR) is presently 38.71%.

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.