Universal Display (NASDAQ:OLED) Now Covered by Analysts at StockNews.com

StockNews.com initiated coverage on shares of Universal Display (NASDAQ:OLED – Get Rating) in a report published on Thursday. The firm issued a hold rating on the semiconductor company’s stock.

A number of other equities analysts have also recently issued reports on OLED. Deutsche Bank Aktiengesellschaft lifted their target price on shares of Universal Display from $130.00 to $150.00 in a research report on Thursday, February 16th. Cowen boosted their price target on Universal Display from $130.00 to $148.00 and gave the company an outperform rating in a research report on Friday, February 24th. Oppenheimer raised their target price on shares of Universal Display from $150.00 to $160.00 and gave the company an outperform rating in a research note on Friday, February 24th. Citigroup upped their price target on Universal Display from $135.00 to $150.00 and gave the stock a buy rating in a report on Monday, February 27th. Finally, Susquehanna upgraded Universal Display from a negative rating to a neutral rating and lifted their price objective for the stock from $82.00 to $135.00 in a report on Thursday, January 19th. Three equities research analysts have rated the stock with a hold rating and six have issued a buy rating to the company’s stock. According to MarketBeat, the stock currently has an average rating of Moderate Buy and a consensus target price of $146.90.

Universal Display Trading Down 1.1 %

Shares of NASDAQ:OLED opened at $142.03 on Thursday. Universal Display has a twelve month low of $89.41 and a twelve month high of $176.41. The company has a market capitalization of $6.71 billion, a PE ratio of 32.28, a P/E/G ratio of 2.45 and a beta of 1.44. The firm has a 50 day simple moving average of $133.65 and a 200-day simple moving average of $114.74.

Universal Display (NASDAQ:OLED – Get Rating) last posted its quarterly earnings data on Thursday, February 23rd. The semiconductor company reported $1.36 earnings per share for the quarter, topping analysts’ consensus estimates of $0.93 by $0.43. The company had revenue of $169.00 million during the quarter, compared to analysts’ expectations of $148.97 million. Universal Display had a return on equity of 17.56% and a net margin of 34.07%. The firm’s revenue for the quarter was up 15.6% on a year-over-year basis. During the same period last year, the firm earned $0.96 EPS. As a group, equities research analysts predict that Universal Display will post 3.76 EPS for the current fiscal year.

Universal Display Increases Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Friday, March 31st. Shareholders of record on Friday, March 17th will be given a $0.35 dividend. The ex-dividend date of this dividend is Thursday, March 16th. This represents a $1.40 dividend on an annualized basis and a dividend yield of 0.99%. This is an increase from Universal Display’s previous quarterly dividend of $0.30. Universal Display’s dividend payout ratio (DPR) is currently 31.82%.

Institutional Trading of Universal Display

Institutional investors have recently bought and sold shares of the stock. US Bancorp DE grew its holdings in shares of Universal Display by 44.7% during the first quarter. US Bancorp DE now owns 2,947 shares of the semiconductor company’s stock worth $492,000 after purchasing an additional 911 shares during the last quarter. HighTower Advisors LLC grew its position in shares of Universal Display by 2.0% during the 1st quarter. HighTower Advisors LLC now owns 9,647 shares of the semiconductor company’s stock worth $1,610,000 after buying an additional 189 shares during the period. BlackRock Inc. grew its holdings in shares of Universal Display by 2.8% in the 1st quarter. BlackRock Inc. now owns 4,309,400 shares of the semiconductor company’s stock valued at $719,455,000 after buying an additional 117,055 shares during the period. Great West Life Assurance Co. Can raised its holdings in Universal Display by 8.4% during the 1st quarter. Great West Life Assurance Co. Can now owns 24,038 shares of the semiconductor company’s stock worth $4,121,000 after buying an additional 1,860 shares during the period. Finally, Yousif Capital Management LLC boosted its stake in Universal Display by 1.1% in the 1st quarter. Yousif Capital Management LLC now owns 22,569 shares of the semiconductor company’s stock worth $3,768,000 after purchasing an additional 239 shares during the period. Institutional investors and hedge funds own 73.43% of the company’s stock.

Universal Display Company Profile

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Universal Display Corp. engages in the research, development, and commercialization of organic light emitting diode (OLED) technologies and materials. It also develops and licenses proprietary OLED technologies to manufacturers of products for display applications, such as cell phones, portable media devices, tablets, laptop computers and televisions, and specialty and general lighting products.