Universal Display (OLED) Cut to “Sell” at ValuEngine

ValuEngine cut shares of Universal Display (NASDAQ:OLED) from a hold rating to a sell rating in a report published on Monday.

Other analysts have also issued reports about the company. BidaskClub lowered Universal Display from a buy rating to a hold rating in a research note on Wednesday, December 6th. Susquehanna Bancshares raised their price target on Universal Display from $195.00 to $215.00 and gave the stock a positive rating in a research note on Friday, January 5th. Zacks Investment Research raised Universal Display from a hold rating to a buy rating and set a $195.00 price target on the stock in a research note on Thursday, January 4th. Deutsche Bank raised their price target on Universal Display to $190.00 and gave the stock a buy rating in a research note on Friday, December 8th. Finally, Needham & Company LLC raised Universal Display from a hold rating to a buy rating and set a $180.00 price target on the stock in a research note on Tuesday, February 20th. They noted that the move was a valuation call. Three analysts have rated the stock with a sell rating, five have assigned a hold rating and seven have issued a buy rating to the company. Universal Display presently has a consensus rating of Hold and an average target price of $169.73.

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Shares of Universal Display stock opened at $114.95 on Monday. Universal Display has a 52 week low of $79.55 and a 52 week high of $209.00. The stock has a market capitalization of $5,128.51, a PE ratio of 52.73 and a beta of 1.08.

Universal Display (NASDAQ:OLED) last issued its quarterly earnings results on Thursday, February 22nd. The semiconductor company reported $0.93 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.82 by $0.11. Universal Display had a return on equity of 18.80% and a net margin of 30.95%. The firm had revenue of $115.87 million for the quarter, compared to analyst estimates of $99.55 million. During the same period last year, the company earned $0.55 EPS. The firm’s quarterly revenue was up 55.3% on a year-over-year basis. research analysts anticipate that Universal Display will post 2.66 EPS for the current year.

The company also recently disclosed a quarterly dividend, which will be paid on Friday, March 30th. Stockholders of record on Thursday, March 15th will be issued a $0.06 dividend. This represents a $0.24 dividend on an annualized basis and a dividend yield of 0.21%. This is an increase from Universal Display’s previous quarterly dividend of $0.03. The ex-dividend date of this dividend is Wednesday, March 14th. Universal Display’s dividend payout ratio (DPR) is 11.01%.

In other news, Director Elizabeth H. Gemmill sold 2,500 shares of the firm’s stock in a transaction dated Thursday, March 15th. The stock was sold at an average price of $124.07, for a total value of $310,175.00. The transaction was disclosed in a filing with the SEC, which is available through the SEC website. Also, Director Richard C. Elias sold 2,250 shares of the firm’s stock in a transaction dated Wednesday, February 28th. The stock was sold at an average price of $129.60, for a total value of $291,600.00. The disclosure for this sale can be found here. Over the last 90 days, insiders sold 54,750 shares of company stock worth $10,601,775. Company insiders own 5.20% of the company’s stock.

Several institutional investors have recently added to or reduced their stakes in the company. US Bancorp DE raised its holdings in shares of Universal Display by 4,188.2% during the 4th quarter. US Bancorp DE now owns 729 shares of the semiconductor company’s stock valued at $126,000 after buying an additional 712 shares during the period. Cerebellum GP LLC purchased a new stake in shares of Universal Display during the 4th quarter valued at about $129,000. Aevitas Wealth Management Inc. purchased a new stake in shares of Universal Display during the 4th quarter valued at about $165,000. Glassman Wealth Services raised its holdings in shares of Universal Display by 60.7% during the 4th quarter. Glassman Wealth Services now owns 961 shares of the semiconductor company’s stock valued at $166,000 after buying an additional 363 shares during the period. Finally, American International Group Inc. purchased a new stake in shares of Universal Display during the 4th quarter valued at about $170,000. Institutional investors own 62.99% of the company’s stock.

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Universal Display Company Profile

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.

To view ValuEngine’s full report, visit ValuEngine’s official website.

Analyst Recommendations for Universal Display (NASDAQ:OLED)

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