Universal Display (NASDAQ:OLED) Sets New 52-Week Low – What’s Next?

Shares of Universal Display Co. (NASDAQ:OLED) reached a new 52-week low during trading on Monday . The stock traded as low as $144.78 and last traded at $145.07, with a volume of 25556 shares changing hands. The stock had previously closed at $148.07.

Wall Street Analysts Forecast Growth

Several research analysts recently weighed in on OLED shares. Needham & Company LLC lowered their price objective on Universal Display from $242.00 to $215.00 and set a “buy” rating for the company in a research report on Thursday, October 31st. Oppenheimer cut their price objective on Universal Display from $220.00 to $200.00 and set an “outperform” rating for the company in a research report on Thursday, January 2nd. Finally, TD Cowen decreased their target price on shares of Universal Display from $250.00 to $225.00 and set a “buy” rating on the stock in a research report on Thursday, October 31st. Two research analysts have rated the stock with a hold rating and five have given a buy rating to the stock. According to MarketBeat.com, the stock presently has an average rating of “Moderate Buy” and a consensus price target of $207.86.

Universal Display Stock Down 2.1 %

The firm has a market cap of $6.88 billion, a PE ratio of 29.11, a price-to-earnings-growth ratio of 1.74 and a beta of 1.40. The business has a 50-day moving average price of $160.63 and a two-hundred day moving average price of $188.12.

Universal Display (NASDAQ:OLED) last issued its quarterly earnings results on Wednesday, October 30th. The semiconductor company reported $1.40 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $1.19 by $0.21. Universal Display had a net margin of 36.98% and a return on equity of 15.75%. The company had revenue of $161.63 million during the quarter, compared to the consensus estimate of $165.28 million. During the same quarter in the previous year, the firm earned $1.08 earnings per share. The firm’s quarterly revenue was up 14.6% on a year-over-year basis. On average, equities research analysts predict that Universal Display Co. will post 4.8 earnings per share for the current fiscal year.

Universal Display Dividend Announcement

The firm also recently declared a quarterly dividend, which was paid on Tuesday, December 31st. Shareholders of record on Tuesday, December 17th were issued a dividend of $0.40 per share. This represents a $1.60 dividend on an annualized basis and a yield of 1.10%. The ex-dividend date of this dividend was Tuesday, December 17th. Universal Display’s dividend payout ratio (DPR) is 32.13%.

Insider Activity

In other Universal Display news, Director Lawrence Lacerte bought 742 shares of the stock in a transaction dated Monday, November 4th. The shares were acquired at an average cost of $180.89 per share, for a total transaction of $134,220.38. Following the completion of the transaction, the director now owns 122,372 shares in the company, valued at approximately $22,135,871.08. The trade was a 0.61 % increase in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this link. Company insiders own 1.90% of the company’s stock.

Institutional Trading of Universal Display

Large investors have recently bought and sold shares of the business. Nisa Investment Advisors LLC lifted its stake in shares of Universal Display by 60.2% in the 3rd quarter. Nisa Investment Advisors LLC now owns 173 shares of the semiconductor company’s stock worth $36,000 after acquiring an additional 65 shares during the period. UMB Bank n.a. lifted its position in Universal Display by 42.1% in the third quarter. UMB Bank n.a. now owns 324 shares of the semiconductor company’s stock valued at $68,000 after purchasing an additional 96 shares during the period. Glenmede Trust Co. NA boosted its holdings in Universal Display by 1.6% in the 3rd quarter. Glenmede Trust Co. NA now owns 6,046 shares of the semiconductor company’s stock valued at $1,269,000 after purchasing an additional 97 shares in the last quarter. Prospera Financial Services Inc increased its position in Universal Display by 4.4% during the 3rd quarter. Prospera Financial Services Inc now owns 2,576 shares of the semiconductor company’s stock worth $542,000 after purchasing an additional 108 shares during the period. Finally, Wilmington Savings Fund Society FSB raised its stake in shares of Universal Display by 2.8% during the 3rd quarter. Wilmington Savings Fund Society FSB now owns 4,272 shares of the semiconductor company’s stock worth $897,000 after buying an additional 118 shares in the last quarter. Institutional investors and hedge funds 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.