Universal Display Corporation (NASDAQ:OLED) has been given an average rating of “Buy” by the fifteen research firms that are presently covering the company, MarketBeat reports. Six research analysts have rated the stock with a hold recommendation, seven have given a buy recommendation and one has issued a strong buy recommendation on the company. The average 12-month target price among brokerages that have covered the stock in the last year is $127.75.
OLED has been the topic of several research analyst reports. Goldman Sachs Group, Inc. (The) reissued a “buy” rating and set a $150.00 target price (up from $140.00) on shares of Universal Display Corporation in a research note on Wednesday, August 9th. Cowen and Company set a $140.00 target price on Universal Display Corporation and gave the company a “buy” rating in a research note on Friday, August 4th. BidaskClub cut Universal Display Corporation from a “strong-buy” rating to a “buy” rating in a research note on Saturday, June 17th. Deutsche Bank AG assumed coverage on Universal Display Corporation in a research note on Wednesday, August 30th. They issued a “buy” rating and a $135.00 price target on the stock. Finally, Summit Redstone reaffirmed a “hold” rating and issued a $95.00 price target on shares of Universal Display Corporation in a research note on Tuesday, August 1st.
Universal Display Corporation (NASDAQ OLED) traded down 0.30% during trading on Wednesday, hitting $134.20. The company’s stock had a trading volume of 723,844 shares. The firm has a market cap of $6.31 billion, a P/E ratio of 77.80 and a beta of 1.04. Universal Display Corporation has a 12 month low of $49.20 and a 12 month high of $145.30. The firm has a 50 day moving average of $128.80 and a 200 day moving average of $113.53.
Universal Display Corporation (NASDAQ:OLED) last posted its earnings results on Thursday, August 3rd. The semiconductor company reported $0.99 earnings per share (EPS) for the quarter, beating the Thomson Reuters’ consensus estimate of $0.68 by $0.31. Universal Display Corporation had a return on equity of 14.90% and a net margin of 31.15%. The firm had revenue of $102.50 million for the quarter, compared to analysts’ expectations of $84.81 million. During the same period in the previous year, the firm earned $0.46 earnings per share. The business’s revenue was up 59.2% compared to the same quarter last year. Equities research analysts predict that Universal Display Corporation will post $2.14 earnings per share for the current year.
The company also recently announced a quarterly dividend, which was paid on Saturday, September 30th. Shareholders of record on Friday, September 15th were issued a $0.03 dividend. This represents a $0.12 dividend on an annualized basis and a yield of 0.09%. The ex-dividend date was Thursday, September 14th. Universal Display Corporation’s dividend payout ratio is 6.94%.
In other Universal Display Corporation news, CFO Sidney D. Rosenblatt sold 50,240 shares of the stock in a transaction dated Monday, September 18th. The stock was sold at an average price of $135.02, for a total value of $6,783,404.80. The transaction was disclosed in a filing with the SEC, which is accessible through this link. Also, insider Julia J. Brown sold 10,000 shares of the stock in a transaction dated Wednesday, July 19th. The shares were sold at an average price of $125.00, for a total value of $1,250,000.00. Following the completion of the transaction, the insider now directly owns 162,932 shares in the company, valued at approximately $20,366,500. The disclosure for this sale can be found here. In the last three months, insiders sold 78,240 shares of company stock worth $10,274,945. 5.20% of the stock is owned by corporate insiders.
A number of hedge funds have recently bought and sold shares of the business. Griffin Asset Management Inc. bought a new position in Universal Display Corporation in the second quarter valued at about $546,000. USA Financial Portformulas Corp bought a new position in Universal Display Corporation in the second quarter valued at about $345,000. Dynamic Technology Lab Private Ltd bought a new position in Universal Display Corporation in the second quarter valued at about $788,000. Public Employees Retirement System of Ohio bought a new position in Universal Display Corporation in the second quarter valued at about $2,029,000. Finally, Verition Fund Management LLC bought a new position in Universal Display Corporation in the second quarter valued at about $366,000. 64.09% of the stock is currently owned by institutional investors.
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About Universal Display Corporation
Universal Display Corporation is engaged in the research, development and commercialization of organic light emitting diode (OLED), technologies and materials for use in display and solid-state lighting applications. The Company also supplies its OLED materials to manufacturers of OLED displays and lighting products for evaluation and for use in product development and for pre-commercial activities, and it also provides technical assistance and support to these manufacturers.
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