Roth Mkm Issues Positive Forecast for Universal Display (NASDAQ:OLED) Stock Price

Universal Display (NASDAQ:OLED) had its target price boosted by Roth Mkm from $207.00 to $213.00 in a research note published on Friday morning,Benzinga reports. They currently have a buy rating on the semiconductor company’s stock.

A number of other research analysts also recently issued reports on OLED. Susquehanna reduced their price objective on shares of Universal Display from $165.00 to $160.00 and set a “neutral” rating on the stock in a research report on Friday. Citigroup reduced their price target on shares of Universal Display from $200.00 to $162.00 and set a “neutral” rating on the stock in a research report on Monday, February 10th. Oppenheimer lowered their price objective on shares of Universal Display from $220.00 to $200.00 and set an “outperform” rating for the company in a report on Thursday, January 2nd. The Goldman Sachs Group reduced their target price on Universal Display from $234.00 to $203.00 and set a “buy” rating on the stock in a report on Thursday, February 6th. Finally, Needham & Company LLC lowered their target price on Universal Display from $215.00 to $170.00 and set a “buy” rating for the company in a research note on Friday. Two investment analysts have rated the stock with a hold rating and five have issued a buy rating to the company’s stock. According to data from MarketBeat.com, the company presently has an average rating of “Moderate Buy” and an average price target of $190.43.

Universal Display Price Performance

NASDAQ OLED opened at $157.30 on Friday. Universal Display has a 1 year low of $140.17 and a 1 year high of $237.00. The stock has a market capitalization of $7.47 billion, a PE ratio of 33.83, a PEG ratio of 1.61 and a beta of 1.39. The business’s 50-day moving average is $148.41 and its 200 day moving average is $173.75.

Universal Display (NASDAQ:OLED) last issued its quarterly earnings data on Thursday, February 20th. The semiconductor company reported $1.22 earnings per share for the quarter, topping analysts’ consensus estimates of $1.08 by $0.14. The firm had revenue of $162.29 million for the quarter, compared to analyst estimates of $152.75 million. Universal Display had a return on equity of 15.51% and a net margin of 34.29%. As a group, equities research analysts anticipate that Universal Display will post 4.71 earnings per share for the current year.

Universal Display Increases Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Monday, March 31st. Shareholders of record on Monday, March 17th will be paid a dividend of $0.45 per share. This is a boost from Universal Display’s previous quarterly dividend of $0.40. The ex-dividend date of this dividend is Monday, March 17th. This represents a $1.80 dividend on an annualized basis and a yield of 1.14%. Universal Display’s payout ratio is presently 34.41%.

Hedge Funds Weigh In On Universal Display

Hedge funds have recently bought and sold shares of the company. Assetmark Inc. bought a new position in shares of Universal Display in the third quarter worth approximately $29,000. Orion Capital Management LLC purchased a new position in Universal Display in the 4th quarter worth approximately $29,000. Brooklyn Investment Group purchased a new position in Universal Display in the 3rd quarter worth approximately $30,000. Brown Brothers Harriman & Co. lifted its position in Universal Display by 280.0% in the 4th quarter. Brown Brothers Harriman & Co. now owns 209 shares of the semiconductor company’s stock valued at $31,000 after acquiring an additional 154 shares in the last quarter. Finally, Nisa Investment Advisors LLC boosted its stake in Universal Display by 60.2% during the 3rd quarter. Nisa Investment Advisors LLC now owns 173 shares of the semiconductor company’s stock valued at $36,000 after purchasing an additional 65 shares during the last quarter. Institutional investors own 78.19% of the company’s stock.

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 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.