2 weeks Ago By Defense World Staff
Universal Display Co. ( NASDAQ:OLED – Get Free Report ) has received a consensus recommendation of “Moderate Buy” from the eight brokerages that are currently covering the stock, Marketbeat reports. Two analysts have rated the stock with a hold rating and six have given a buy rating to the company.
The average 12 month target price among brokers that have issued a report on the stock in the last year is $215.63. OLED has been the subject of a number of analyst reports.
TD Cowen cut their price objective on shares of Universal Display from $250.00 to $225.00 and set a “buy” rating for the company in a research report on Thursday, October 31st.
Oppenheimer decreased their price objective on Universal Display from $240.00 to $220.00 and set an “outperform” rating on the stock in a report on Thursday, October 31st.
Needham & Company LLC dropped their target price on Universal Display from $242.00 to $215.00 and set a “buy” rating for the company in a research note on Thursday, October 31st.
Roth Mkm raised their price target on Universal Display from $189.00 to $217.00 and gave the stock a “buy” rating in a research note on Friday, August 2nd.
Finally, Susquehanna increased their price objective on shares of Universal Display from $170.00 to $175.00 and gave the stock a “neutral” rating in a report on Friday, August 2nd.
Check Out Our Latest Report on Universal Display Insider Buying and Selling Institutional Investors Weigh In On Universal Display Several large investors have recently made changes to their positions in the company. TD Private Client Wealth LLC acquired a new stake in shares of Universal Display in the 3rd quarter worth approximately $2,180,000. Coldstream Capital Management Inc.
bought a new stake in Universal Display in the third quarter worth about $365,000. Geode Capital Management LLC lifted its holdings in Universal Display by 1.9% in the 3rd quarter.
Geode Capital Management LLC now owns 799,352 shares of the semiconductor company’s stock valued at $167,825,000 after acquiring an additional 15,015 shares during the last quarter. M&T Bank Corp boosted its position in shares of Universal Display by 12.0% during the 3rd quarter.
M&T Bank Corp now owns 2,086 shares of the semiconductor company’s stock valued at $438,000 after purchasing an additional 223 shares in the last quarter. Finally, Barclays PLC grew its stake in shares of Universal Display by 753.8% in the 3rd quarter.
Barclays PLC now owns 212,518 shares of the semiconductor company’s stock worth $44,608,000 after purchasing an additional 187,627 shares during the last quarter. Institutional investors and hedge funds own 78.19% of the company’s stock.
Universal Display Price Performance Shares of Universal Display stock opened at $168.41 on Friday. The business has a 50 day moving average price of $195.
31 and a 200 day moving average price of $195.64. The company has a market capitalization of $7.
99 billion, a P/E ratio of 33.82, a P/E/G ratio of 1.79 and a beta of 1.
43. Universal Display has a 1 year low of $148.75 and a 1 year high of $237.
00. Universal Display ( NASDAQ:OLED – Get Free Report ) last released its quarterly earnings results on Wednesday, October 30th. The semiconductor company reported $1.
40 earnings per share for the quarter, topping analysts’ consensus estimates of $1.19 by $0.21.
The company had revenue of $161.63 million during the quarter, compared to analysts’ expectations of $165.28 million.
Universal Display had a return on equity of 15.75% and a net margin of 36.98%.
The business’s revenue for the quarter was up 14.6% compared to the same quarter last year. During the same period in the previous year, the firm posted $1.
08 earnings per share. As a group, research analysts expect that Universal Display will post 4.8 EPS for the current fiscal year.
Universal Display Dividend Announcement The firm also recently announced a quarterly dividend, which will be paid on Tuesday, December 31st. Stockholders of record on Tuesday, December 17th will be given a dividend of $0.40 per share.
This represents a $1.60 dividend on an annualized basis and a dividend yield of 0.95%.
The ex-dividend date is Tuesday, December 17th. Universal Display’s payout ratio is 32.13%.
Universal Display Company Profile ( Get Free Report 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. Recommended Stories Five stocks we like better than Universal Display Dividend King Proctor & Gamble Is A Buy On Post-Earnings Weakness Vertiv’s Cool Tech Makes Its Stock Red-Hot What is a Dividend King? MarketBeat Week in Review – 11/18 – 11/22 Business Services Stocks Investing 2 Finance Stocks With Competitive Advantages You Can’t Ignore Receive News & Ratings for Universal Display Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Universal Display and related companies with MarketBeat.
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