Roth Capital initiated coverage on shares of Universal Display (NASDAQ:OLED) in a report published on Monday morning, MarketBeat reports. The firm issued a buy rating and a $136.00 price objective on the semiconductor company’s stock.
Several other research firms have also commented on OLED. Deutsche Bank reiterated a buy rating and set a $190.00 price objective on shares of Universal Display in a research note on Thursday, January 25th. Zacks Investment Research lowered shares of Universal Display from a buy rating to a hold rating in a research note on Saturday, January 27th. BidaskClub lowered shares of Universal Display from a hold rating to a sell rating in a research note on Friday, January 26th. Cowen set a $225.00 price objective on shares of Universal Display and gave the stock a buy rating in a research note on Tuesday, February 20th. Finally, Needham & Company LLC upgraded shares of Universal Display from a hold rating to a buy rating and set a $180.00 price objective for the company in a research note on Tuesday, February 20th. They noted that the move was a valuation call. Two analysts have rated the stock with a sell rating, three have assigned a hold rating and nine have assigned a buy rating to the company. The stock presently has an average rating of Buy and a consensus price target of $174.36.
Get Universal Display alerts:NASDAQ OLED opened at $97.10 on Monday. The company has a market cap of $4.54 billion, a P/E ratio of 39.96 and a beta of 1.33. Universal Display has a 52 week low of $86.85 and a 52 week high of $209.00.
Universal Display (NASDAQ:OLED) last posted its quarterly earnings data on Thursday, May 3rd. The semiconductor company reported $0.13 EPS for the quarter, hitting the consensus estimate of $0.13. The firm had revenue of $43.57 million during the quarter, compared to analyst estimates of $50.85 million. Universal Display had a net margin of 30.74% and a return on equity of 17.53%. Universal Display’s revenue was down 21.6% on a year-over-year basis. During the same quarter in the previous year, the business posted $0.22 EPS. analysts forecast that Universal Display will post 1.99 earnings per share for the current year.
The business also recently announced a quarterly dividend, which will be paid on Friday, June 29th. Shareholders of record on Friday, June 15th will be given a dividend of $0.06 per share. This represents a $0.24 annualized dividend and a yield of 0.25%. The ex-dividend date of this dividend is Thursday, June 14th. Universal Display’s dividend payout ratio is presently 9.88%.
In other Universal Display news, Director Richard C. Elias sold 2,250 shares of the business’s stock in a transaction that occurred on Wednesday, February 28th. The shares were sold at an average price of $129.60, for a total transaction of $291,600.00. The transaction was disclosed in a filing with the SEC, which is available at this link. Also, Director Elizabeth H. Gemmill sold 2,500 shares of the business’s stock in a transaction that occurred on Thursday, March 15th. The stock was sold at an average price of $124.07, for a total transaction of $310,175.00. The disclosure for this sale can be found here. 4.00% of the stock is currently owned by insiders.
A number of large investors have recently added to or reduced their stakes in the business. LPL Financial LLC grew its position in Universal Display by 1.8% during the 4th quarter. LPL Financial LLC now owns 18,128 shares of the semiconductor company’s stock worth $3,130,000 after purchasing an additional 324 shares during the last quarter. Alps Advisors Inc. grew its position in Universal Display by 9.8% during the 4th quarter. Alps Advisors Inc. now owns 3,900 shares of the semiconductor company’s stock worth $673,000 after purchasing an additional 347 shares during the last quarter. Eqis Capital Management Inc. grew its position in Universal Display by 9.0% during the 4th quarter. Eqis Capital Management Inc. now owns 4,291 shares of the semiconductor company’s stock worth $741,000 after purchasing an additional 353 shares during the last quarter. Glassman Wealth Services grew its position in Universal Display by 60.7% during the 4th quarter. Glassman Wealth Services now owns 961 shares of the semiconductor company’s stock worth $166,000 after purchasing an additional 363 shares during the last quarter. Finally, Hanseatic Management Services Inc. grew its position in Universal Display by 14.7% during the 4th quarter. Hanseatic Management Services Inc. now owns 2,865 shares of the semiconductor company’s stock worth $495,000 after purchasing an additional 368 shares during the last quarter. 65.34% of the stock is currently owned by institutional investors.
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 22, 2018, it owned or had exclusive and co-exclusive licenses, or had sole license rights with respect to approximately 4,500 issued and pending patents worldwide.
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