Universal Display (OLED) Price Target Raised to $190.00

Universal Display (NASDAQ:OLED) had its price target increased by Deutsche Bank to $190.00 in a research note issued to investors on Friday. They currently have a buy rating on the semiconductor company’s stock.

A number of other research firms have also recently weighed in on OLED. Cowen set a $140.00 price target on Universal Display and gave the company a buy rating in a report on Wednesday, October 11th. Goldman Sachs Group reaffirmed a buy rating and set a $161.00 price target (up previously from $150.00) on shares of Universal Display in a report on Monday, September 18th. Zacks Investment Research raised Universal Display from a hold rating to a buy rating and set a $198.00 price target on the stock in a report on Wednesday, November 15th. Needham & Company LLC reaffirmed a hold rating on shares of Universal Display in a report on Friday, November 3rd. Finally, Gabelli cut Universal Display from a buy rating to a hold rating and set a $134.00 price target on the stock. in a report on Friday, November 3rd. Eight research analysts have rated the stock with a hold rating and seven have given a buy rating to the company. The company has an average rating of Hold and a consensus price target of $155.30.

Shares of Universal Display (NASDAQ:OLED) traded up $5.35 during mid-day trading on Friday, reaching $172.70. The company’s stock had a trading volume of 1,951,400 shares, compared to its average volume of 840,181. Universal Display has a 12 month low of $55.30 and a 12 month high of $192.75. The firm has a market capitalization of $8,123.91, a P/E ratio of 84.66 and a beta of 1.06.

Universal Display (NASDAQ:OLED) last issued its earnings results on Thursday, November 2nd. The semiconductor company reported $0.28 EPS for the quarter, beating the Zacks’ consensus estimate of $0.09 by $0.19. Universal Display had a return on equity of 16.67% and a net margin of 32.92%. The company had revenue of $61.70 million during the quarter, compared to the consensus estimate of $47.35 million. During the same period in the previous year, the firm posted ($0.03) earnings per share. Universal Display’s quarterly revenue was up 104.3% compared to the same quarter last year. analysts forecast that Universal Display will post 2.33 EPS for the current year.

The firm also recently declared a quarterly dividend, which will be paid on Friday, December 29th. Stockholders of record on Friday, December 15th will be issued a dividend of $0.03 per share. The ex-dividend date is Thursday, December 14th. This represents a $0.12 dividend on an annualized basis and a dividend yield of 0.07%. Universal Display’s dividend payout ratio (DPR) is presently 5.88%.

In related news, CFO Sidney D. Rosenblatt sold 50,240 shares of the business’s stock in a transaction that occurred on Monday, September 18th. The stock was sold at an average price of $135.02, for a total transaction of $6,783,404.80. The sale was disclosed in a legal filing with the SEC, which is available at this hyperlink. Also, insider Julia J. Brown sold 10,000 shares of the business’s stock in a transaction that occurred on Friday, November 3rd. The stock was sold at an average price of $150.00, for a total value of $1,500,000.00. Following the sale, the insider now directly owns 152,932 shares in the company, valued at approximately $22,939,800. The disclosure for this sale can be found here. In the last three months, insiders have sold 196,974 shares of company stock worth $30,133,174. 5.20% of the stock is owned by corporate insiders.

A number of large investors have recently made changes to their positions in the stock. Bank of Montreal Can grew its position in Universal Display by 214.7% in the second quarter. Bank of Montreal Can now owns 6,010 shares of the semiconductor company’s stock worth $656,000 after buying an additional 4,100 shares during the last quarter. Aperio Group LLC grew its position in Universal Display by 19.0% in the second quarter. Aperio Group LLC now owns 9,685 shares of the semiconductor company’s stock worth $1,058,000 after buying an additional 1,545 shares during the last quarter. Public Employees Retirement Association of Colorado grew its position in Universal Display by 14.8% in the second quarter. Public Employees Retirement Association of Colorado now owns 10,156 shares of the semiconductor company’s stock worth $1,110,000 after buying an additional 1,308 shares during the last quarter. Janney Montgomery Scott LLC grew its position in Universal Display by 19.5% in the second quarter. Janney Montgomery Scott LLC now owns 2,967 shares of the semiconductor company’s stock worth $324,000 after buying an additional 485 shares during the last quarter. Finally, Daiwa Securities Group Inc. acquired a new position in Universal Display in the second quarter worth approximately $197,000. 65.03% of the stock is currently owned by hedge funds and other institutional investors.

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About Universal Display

Universal Display Corporation is engaged in the research, development and commercialization of organic light emitting diode (OLED), technologies and materials for use in display and solid-state lighting applications. The Company also supplies its OLED materials to manufacturers of OLED displays and lighting products for evaluation and for use in product development and for pre-commercial activities, and it also provides technical assistance and support to these manufacturers.

Analyst Recommendations for Universal Display (NASDAQ:OLED)

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