Universal Display Co. (NASDAQ:OLED) has earned a consensus recommendation of “Hold” from the fifteen analysts that are covering the stock, MarketBeat reports. Three investment analysts have rated the stock with a sell rating, six have given a hold rating and six have assigned a buy rating to the company. The average twelve-month price objective among brokerages that have issued a report on the stock in the last year is $166.11.
Several research firms recently weighed in on OLED. BidaskClub lowered Universal Display from a “sell” rating to a “strong sell” rating in a report on Thursday. Susquehanna Bancshares increased their price target on Universal Display from $195.00 to $215.00 and gave the company a “positive” rating in a report on Friday, January 5th. ValuEngine lowered Universal Display from a “hold” rating to a “sell” rating in a report on Wednesday, March 7th. Zacks Investment Research upgraded Universal Display from a “hold” rating to a “buy” rating and set a $195.00 price target on the stock in a report on Thursday, January 4th. Finally, Deutsche Bank increased their price target on Universal Display to $190.00 and gave the company a “buy” rating in a report on Friday, December 8th.
In other Universal Display news, Director Richard C. Elias sold 2,250 shares of the company’s stock in a transaction on Wednesday, February 28th. The stock was sold at an average price of $129.60, for a total value of $291,600.00. The sale was disclosed in a filing with the SEC, which is available at the SEC website. Also, Chairman Sherwin I. Seligsohn sold 50,000 shares of the company’s stock in a transaction on Friday, January 12th. The shares were sold at an average price of $200.00, for a total value of $10,000,000.00. Following the completion of the transaction, the chairman now directly owns 143,119 shares in the company, valued at approximately $28,623,800. The disclosure for this sale can be found here. Corporate insiders own 5.20% of the company’s stock.
Institutional investors have recently made changes to their positions in the business. US Bancorp DE grew its position in Universal Display by 4,188.2% in the 4th quarter. US Bancorp DE now owns 729 shares of the semiconductor company’s stock valued at $126,000 after acquiring an additional 712 shares during the last quarter. Cerebellum GP LLC bought a new position in Universal Display in the 4th quarter valued at $129,000. Aevitas Wealth Management Inc. bought a new position in Universal Display in the 4th quarter valued at $165,000. Glassman Wealth Services grew its position in Universal Display by 60.7% in the 4th quarter. Glassman Wealth Services now owns 961 shares of the semiconductor company’s stock valued at $166,000 after acquiring an additional 363 shares during the last quarter. Finally, American International Group Inc. bought a new position in shares of Universal Display during the 4th quarter worth $170,000. 63.24% of the stock is currently owned by institutional investors.
Shares of Universal Display (NASDAQ OLED) traded down $2.25 on Friday, hitting $123.55. The stock had a trading volume of 911,949 shares, compared to its average volume of 1,714,932. The stock has a market cap of $5,830.00, a PE ratio of 50.22 and a beta of 1.08. Universal Display has a twelve month low of $79.55 and a twelve month high of $209.00.
Universal Display (NASDAQ:OLED) last released its quarterly earnings results on Thursday, February 22nd. The semiconductor company reported $0.93 earnings per share for the quarter, beating the Thomson Reuters’ consensus estimate of $0.82 by $0.11. Universal Display had a return on equity of 18.80% and a net margin of 30.95%. The company had revenue of $115.87 million for the quarter, compared to analyst estimates of $99.55 million. During the same quarter in the prior year, the firm posted $0.55 EPS. Universal Display’s quarterly revenue was up 55.3% compared to the same quarter last year. equities analysts predict that Universal Display will post 2.66 earnings per share for the current year.
The firm also recently disclosed a quarterly dividend, which will be paid on Friday, March 30th. Shareholders of record on Thursday, March 15th will be given a $0.06 dividend. This represents a $0.24 annualized dividend and a yield of 0.19%. The ex-dividend date of this dividend is Wednesday, March 14th. This is an increase from Universal Display’s previous quarterly dividend of $0.03. Universal Display’s dividend payout ratio is 4.88%.
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About Universal Display
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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