Universal Display (NASDAQ:OLED) PT Lowered to $145.00 at Cowen

Universal Display (NASDAQ:OLEDGet Rating) had its target price decreased by Cowen from $175.00 to $145.00 in a research report sent to investors on Friday morning, Stock Target Advisor reports.

A number of other analysts have also recently commented on OLED. Deutsche Bank Aktiengesellschaft cut their price target on shares of Universal Display from $180.00 to $150.00 and set a buy rating for the company in a research note on Monday, August 1st. The Goldman Sachs Group cut their target price on shares of Universal Display from $225.00 to $192.00 and set a buy rating for the company in a research note on Thursday, July 28th. Bank of America cut shares of Universal Display from a buy rating to a neutral rating and cut their target price for the stock from $190.00 to $135.00 in a research note on Wednesday, June 29th. Needham & Company LLC lowered their price target on shares of Universal Display from $165.00 to $140.00 and set a buy rating on the stock in a research report on Tuesday, July 26th. Finally, DA Davidson lowered their price target on shares of Universal Display from $165.00 to $140.00 in a research report on Tuesday, July 26th. Two analysts have rated the stock with a hold rating and six have assigned a buy rating to the stock. According to MarketBeat, Universal Display presently has an average rating of Moderate Buy and a consensus price target of $168.30.

Universal Display Trading Up 5.3 %

Shares of OLED opened at $125.41 on Friday. Universal Display has a 1 year low of $98.71 and a 1 year high of $220.23. The stock has a market cap of $5.92 billion, a P/E ratio of 32.57, a price-to-earnings-growth ratio of 1.31 and a beta of 1.46. The stock’s 50-day moving average price is $113.46 and its two-hundred day moving average price is $134.65.

Universal Display (NASDAQ:OLEDGet Rating) last released its quarterly earnings results on Thursday, August 4th. The semiconductor company reported $0.87 EPS for the quarter, missing analysts’ consensus estimates of $1.00 by ($0.13). The business had revenue of $136.60 million for the quarter, compared to analyst estimates of $151.21 million. Universal Display had a return on equity of 16.84% and a net margin of 31.80%. The company’s revenue for the quarter was up 5.3% compared to the same quarter last year. During the same period in the prior year, the business earned $0.85 EPS. As a group, equities analysts forecast that Universal Display will post 4.33 EPS for the current year.

Universal Display Announces Dividend

The firm also recently declared a quarterly dividend, which will be paid on Friday, September 30th. Stockholders of record on Friday, September 16th will be issued a dividend of $0.30 per share. The ex-dividend date of this dividend is Thursday, September 15th. This represents a $1.20 dividend on an annualized basis and a dividend yield of 0.96%. Universal Display’s dividend payout ratio (DPR) is presently 31.17%.

Institutional Inflows and Outflows

Several large investors have recently bought and sold shares of OLED. JPMorgan Chase & Co. raised its position in Universal Display by 42.3% during the 1st quarter. JPMorgan Chase & Co. now owns 838,603 shares of the semiconductor company’s stock worth $140,006,000 after purchasing an additional 249,377 shares during the last quarter. Vanguard Group Inc. raised its position in Universal Display by 6.0% during the 1st quarter. Vanguard Group Inc. now owns 4,266,391 shares of the semiconductor company’s stock worth $712,274,000 after purchasing an additional 241,855 shares during the last quarter. Renaissance Technologies LLC raised its position in Universal Display by 493.6% during the 4th quarter. Renaissance Technologies LLC now owns 287,539 shares of the semiconductor company’s stock worth $47,453,000 after purchasing an additional 239,100 shares during the last quarter. State Street Corp grew its holdings in Universal Display by 10.2% during the 4th quarter. State Street Corp now owns 1,388,245 shares of the semiconductor company’s stock worth $229,102,000 after acquiring an additional 128,230 shares during the period. Finally, Goldman Sachs Group Inc. grew its holdings in Universal Display by 98.8% during the 4th quarter. Goldman Sachs Group Inc. now owns 250,815 shares of the semiconductor company’s stock worth $41,392,000 after acquiring an additional 124,660 shares during the period. 71.15% of the stock is owned by institutional investors.

Universal Display Company Profile

(Get Rating)

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. It owns, exclusively licenses, or has sole rights to sublicense approximately 5,500 issued and pending patents worldwide.

Further Reading

Analyst Recommendations for Universal Display (NASDAQ:OLED)

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