Universal Display (NASDAQ:OLED) Sets New 1-Year Low – Time to Sell?

Shares of Universal Display Co. (NASDAQ:OLED) reached a new 52-week low during mid-day trading on Monday . The company traded as low as $104.90 and last traded at $105.81, with a volume of 80088 shares changing hands. The stock had previously closed at $113.42.

Analyst Upgrades and Downgrades

OLED has been the topic of a number of research reports. StockNews.com upgraded Universal Display from a “sell” rating to a “hold” rating in a report on Friday, March 21st. Roth Mkm raised their target price on Universal Display from $207.00 to $213.00 and gave the company a “buy” rating in a research note on Friday, February 21st. Needham & Company LLC cut their price target on Universal Display from $215.00 to $170.00 and set a “buy” rating on the stock in a research note on Friday, February 21st. The Goldman Sachs Group lowered their price objective on Universal Display from $234.00 to $203.00 and set a “buy” rating for the company in a research note on Thursday, February 6th. Finally, Susquehanna cut their target price on Universal Display from $165.00 to $160.00 and set a “neutral” rating on the stock in a research report on Friday, February 21st. Three analysts have rated the stock with a hold rating and five have assigned a buy rating to the company. According to data from MarketBeat, the stock has an average rating of “Moderate Buy” and an average price target of $190.43.

Universal Display Stock Up 0.2 %

The firm’s 50 day simple moving average is $147.52 and its 200 day simple moving average is $165.17. The company has a market cap of $5.40 billion, a price-to-earnings ratio of 24.52, a price-to-earnings-growth ratio of 1.61 and a beta of 1.42.

Universal Display (NASDAQ:OLED) last announced its earnings results on Thursday, February 20th. The semiconductor company reported $1.22 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $1.08 by $0.14. The firm had revenue of $162.29 million during the quarter, compared to analyst estimates of $152.75 million. Universal Display had a net margin of 34.29% and a return on equity of 15.51%. Analysts anticipate that Universal Display Co. will post 4.71 EPS for the current fiscal year.

Universal Display Increases Dividend

The firm also recently declared a quarterly dividend, which was paid on Monday, March 31st. Shareholders of record on Monday, March 17th were given a $0.45 dividend. This is a positive change from Universal Display’s previous quarterly dividend of $0.40. The ex-dividend date of this dividend was Monday, March 17th. This represents a $1.80 annualized dividend and a yield of 1.58%. Universal Display’s payout ratio is 38.71%.

Institutional Investors Weigh In On Universal Display

Several hedge funds have recently modified their holdings of OLED. Orion Capital Management LLC acquired a new stake in Universal Display during the 4th quarter worth about $29,000. Brown Brothers Harriman & Co. increased its position in shares of Universal Display by 280.0% in the fourth quarter. Brown Brothers Harriman & Co. now owns 209 shares of the semiconductor company’s stock worth $31,000 after acquiring an additional 154 shares in the last quarter. Blue Trust Inc. raised its holdings in shares of Universal Display by 401.9% during the fourth quarter. Blue Trust Inc. now owns 261 shares of the semiconductor company’s stock valued at $38,000 after acquiring an additional 209 shares during the period. Aster Capital Management DIFC Ltd acquired a new position in Universal Display in the 4th quarter worth approximately $40,000. Finally, Farther Finance Advisors LLC grew its position in Universal Display by 761.1% during the 4th quarter. Farther Finance Advisors LLC now owns 310 shares of the semiconductor company’s stock worth $45,000 after purchasing an additional 274 shares in the last quarter. 78.19% of the stock is owned by hedge funds and other institutional investors.

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.