Shares of Universal Display Co. (NASDAQ:OLED) have been given an average rating of “Buy” by the fourteen brokerages that are presently covering the stock, Marketbeat.com reports. Four investment analysts have rated the stock with a hold rating, seven have assigned a buy rating and two have issued a strong buy rating on the company. The average 1-year target price among analysts that have covered the stock in the last year is $161.32.

Several research analysts have weighed in on OLED shares. Citigroup lifted their target price on Universal Display from $140.00 to $180.00 and gave the stock a “neutral” rating in a report on Monday, May 6th. ValuEngine upgraded Universal Display from a “buy” rating to a “strong-buy” rating in a report on Tuesday, March 5th. Needham & Company LLC reiterated a “buy” rating and set a $200.00 target price (up from $140.00) on shares of Universal Display in a report on Friday, May 3rd. Zacks Investment Research lowered Universal Display from a “hold” rating to a “sell” rating in a report on Thursday, January 24th. Finally, UBS Group reiterated an “outperform” rating and set a $140.00 target price on shares of Universal Display in a report on Friday, February 22nd.

In related news, Director Rosemarie B. Greco sold 4,425 shares of Universal Display stock in a transaction dated Tuesday, May 7th. The stock was sold at an average price of $171.13, for a total value of $757,250.25. Following the sale, the director now owns 6,793 shares of the company’s stock, valued at $1,162,486.09. The transaction was disclosed in a document filed with the SEC, which is available through this hyperlink. Also, VP Janice K. Mahon sold 20,819 shares of Universal Display stock in a transaction dated Tuesday, May 7th. The shares were sold at an average price of $170.24, for a total value of $3,544,226.56. Following the completion of the sale, the vice president now directly owns 37,039 shares in the company, valued at approximately $6,305,519.36. The disclosure for this sale can be found here. Insiders sold a total of 57,783 shares of company stock worth $9,450,717 in the last three months. Company insiders own 3.70% of the company’s stock.

A number of institutional investors have recently bought and sold shares of the stock. Utah Retirement Systems grew its holdings in Universal Display by 0.9% during the first quarter. Utah Retirement Systems now owns 7,981 shares of the semiconductor company’s stock worth $1,220,000 after purchasing an additional 74 shares during the period. Rockefeller Capital Management L.P. grew its holdings in Universal Display by 2.7% during the first quarter. Rockefeller Capital Management L.P. now owns 3,224 shares of the semiconductor company’s stock worth $493,000 after purchasing an additional 86 shares during the period. ETF Managers Group LLC boosted its holdings in shares of Universal Display by 8.5% during the first quarter. ETF Managers Group LLC now owns 1,419 shares of the semiconductor company’s stock worth $217,000 after acquiring an additional 111 shares during the period. Bank of Montreal Can boosted its holdings in shares of Universal Display by 3.1% during the first quarter. Bank of Montreal Can now owns 5,870 shares of the semiconductor company’s stock worth $897,000 after acquiring an additional 178 shares during the period. Finally, Retirement Systems of Alabama boosted its holdings in shares of Universal Display by 0.4% during the first quarter. Retirement Systems of Alabama now owns 55,191 shares of the semiconductor company’s stock worth $8,436,000 after acquiring an additional 199 shares during the period. Institutional investors and hedge funds own 82.56% of the company’s stock.

OLED stock traded up $4.02 during midday trading on Friday, hitting $167.41. 17,695 shares of the company’s stock were exchanged, compared to its average volume of 1,017,069. The firm has a market cap of $7.64 billion, a PE ratio of 134.44, a P/E/G ratio of 2.14 and a beta of 1.41. Universal Display has a one year low of $78.75 and a one year high of $190.00.

Universal Display (NASDAQ:OLED) last posted its earnings results on Thursday, May 2nd. The semiconductor company reported $0.66 earnings per share for the quarter, topping the Thomson Reuters’ consensus estimate of $0.26 by $0.40. The firm had revenue of $87.80 million for the quarter, compared to analyst estimates of $64.59 million. Universal Display had a return on equity of 12.35% and a net margin of 28.93%. The company’s revenue for the quarter was up 101.4% on a year-over-year basis. During the same period in the previous year, the company posted $0.13 earnings per share. On average, sell-side analysts expect that Universal Display will post 2.44 earnings per share for the current year.

The company also recently declared a quarterly dividend, which will be paid on Friday, June 28th. Shareholders of record on Friday, June 14th will be paid a $0.10 dividend. This represents a $0.40 annualized dividend and a dividend yield of 0.24%. The ex-dividend date is Thursday, June 13th. Universal Display’s dividend payout ratio is 32.26%.

Universal Display Company Profile

Universal Display Corporation engages in the research, development, and commercialization of organic light emitting diode (OLED) technologies and materials for use in flat panel displays and solid-state lighting applications. As of February 21, 2019, it owned or had exclusive and co-exclusive licenses, or had sole license rights with respect to approximately 5,000 issued and pending patents worldwide.

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Analyst Recommendations for Universal Display (NASDAQ:OLED)

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