Universal Display Corporation (NASDAQ:OLED) had its price target upped by Deutsche Bank AG to $150.00 in a research note issued to investors on Tuesday. Deutsche Bank AG currently has a buy rating on the semiconductor company’s stock.
Several other equities research analysts have also recently issued reports on the stock. Zacks Investment Research cut shares of Universal Display Corporation from a strong-buy rating to a hold rating in a research note on Tuesday, October 17th. Cowen and Company set a $140.00 price objective on shares of Universal Display Corporation and gave the company a buy rating in a report on Wednesday, October 11th. Goldman Sachs Group, Inc. (The) reiterated a buy rating and set a $161.00 price target (up from $150.00) on shares of Universal Display Corporation in a research note on Monday, September 18th. Susquehanna Bancshares Inc reiterated a positive rating and set a $150.00 price target on shares of Universal Display Corporation in a research note on Tuesday, September 5th. Finally, BidaskClub upgraded shares of Universal Display Corporation from a sell rating to a hold rating in a research note on Friday, August 25th. Eight research analysts have rated the stock with a hold rating, five have assigned a buy rating and one has assigned a strong buy rating to the company. Universal Display Corporation presently has an average rating of Buy and an average target price of $134.78.
Universal Display Corporation (OLED) traded up $15.40 on Tuesday, reaching $158.10. 3,415,847 shares of the company’s stock were exchanged, compared to its average volume of 754,127. Universal Display Corporation has a 12 month low of $50.55 and a 12 month high of $160.95. The stock has a market cap of $7.44 billion, a price-to-earnings ratio of 70.76 and a beta of 1.03.
Universal Display Corporation (NASDAQ:OLED) last posted its earnings results on Thursday, November 2nd. The semiconductor company reported $0.28 earnings per share for the quarter, beating the consensus estimate of $0.09 by $0.19. The firm had revenue of $61.70 million during the quarter, compared to analyst estimates of $47.35 million. Universal Display Corporation had a net margin of 32.92% and a return on equity of 17.08%. The business’s quarterly revenue was up 104.3% on a year-over-year basis. During the same period in the previous year, the firm earned ($0.03) EPS. sell-side analysts forecast that Universal Display Corporation will post 2.09 EPS for the current fiscal year.
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The company also recently disclosed a quarterly dividend, which will be paid on Friday, December 29th. Stockholders of record on Friday, December 15th will be paid a $0.03 dividend. This represents a $0.12 annualized dividend and a dividend yield of 0.08%. The ex-dividend date of this dividend is Thursday, December 14th. Universal Display Corporation’s dividend payout ratio is currently 5.74%.
In other Universal Display Corporation news, CFO Sidney D. Rosenblatt sold 50,240 shares of Universal Display Corporation 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 transaction was disclosed in a filing with the SEC, which is available through this link. Company insiders own 5.20% of the company’s stock.
Hedge funds and other institutional investors have recently modified their holdings of the company. Mitra Capital LLC acquired a new position in Universal Display Corporation during the 2nd quarter valued at approximately $109,000. IFP Advisors Inc boosted its position in Universal Display Corporation by 307.5% during the 2nd quarter. IFP Advisors Inc now owns 1,080 shares of the semiconductor company’s stock worth $118,000 after acquiring an additional 815 shares during the period. BNP Paribas Arbitrage SA boosted its position in Universal Display Corporation by 79.4% during the 2nd quarter. BNP Paribas Arbitrage SA now owns 1,536 shares of the semiconductor company’s stock worth $168,000 after acquiring an additional 680 shares during the period. Daiwa Securities Group Inc. acquired a new position in Universal Display Corporation during the 2nd quarter worth $197,000. Finally, World Asset Management Inc bought a new stake in shares of Universal Display Corporation in the 2nd quarter worth $214,000. Institutional investors and hedge funds own 64.69% of the company’s stock.
About Universal Display Corporation
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.
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