Universal Display (NASDAQ:OLED) Lowered to “Sell” Rating by StockNews.com

StockNews.com downgraded shares of Universal Display (NASDAQ:OLED) from a hold rating to a sell rating in a research note published on Friday.

Other analysts also recently issued reports about the stock. Roth Mkm boosted their price target on shares of Universal Display from $207.00 to $213.00 and gave the stock a “buy” rating in a research note on Friday, February 21st. Susquehanna lowered their price target on shares of Universal Display from $165.00 to $160.00 and set a “neutral” rating for the company in a research note on Friday, February 21st. The Goldman Sachs Group lowered their price target on shares of Universal Display from $234.00 to $203.00 and set a “buy” rating for the company in a research note on Thursday, February 6th. Citigroup lowered their price target on shares of Universal Display from $200.00 to $162.00 and set a “neutral” rating for the company in a research note on Monday, February 10th. Finally, Needham & Company LLC lowered their price target on shares of Universal Display from $215.00 to $170.00 and set a “buy” rating for the company in a research note on Friday, February 21st. One investment analyst has rated the stock with a sell rating, two have assigned a hold rating and five have issued a buy rating to the company. Based on data from MarketBeat, the company currently has an average rating of “Moderate Buy” and an average price target of $190.43.

Universal Display Stock Performance

NASDAQ OLED opened at $159.74 on Friday. Universal Display has a 52-week low of $140.17 and a 52-week high of $237.00. The company has a market capitalization of $7.58 billion, a P/E ratio of 34.35, a P/E/G ratio of 1.61 and a beta of 1.39. The company has a fifty day moving average of $148.52 and a 200-day moving average of $172.43.

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

Universal Display Increases Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Monday, March 31st. Shareholders of record on Monday, March 17th will be given a $0.45 dividend. This is a boost from Universal Display’s previous quarterly dividend of $0.40. The ex-dividend date is Monday, March 17th. This represents a $1.80 dividend on an annualized basis and a dividend yield of 1.13%. Universal Display’s payout ratio is presently 38.71%.

Hedge Funds Weigh In On Universal Display

A number of hedge funds have recently modified their holdings of OLED. Nisa Investment Advisors LLC increased its position in shares of Universal Display by 60.2% in the third quarter. Nisa Investment Advisors LLC now owns 173 shares of the semiconductor company’s stock valued at $36,000 after acquiring an additional 65 shares during the period. US Bancorp DE increased its position in shares of Universal Display by 43.9% during the third quarter. US Bancorp DE now owns 5,037 shares of the semiconductor company’s stock valued at $1,057,000 after buying an additional 1,536 shares during the period. Stephens Inc. AR purchased a new position in shares of Universal Display during the third quarter valued at about $249,000. Janney Montgomery Scott LLC increased its position in shares of Universal Display by 625.9% during the third quarter. Janney Montgomery Scott LLC now owns 40,989 shares of the semiconductor company’s stock valued at $8,604,000 after buying an additional 35,342 shares during the period. Finally, QRG Capital Management Inc. increased its position in shares of Universal Display by 26.4% during the third quarter. QRG Capital Management Inc. now owns 1,509 shares of the semiconductor company’s stock valued at $317,000 after buying an additional 315 shares during the period. Hedge funds and other 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.