Universal Display Co. (NASDAQ:OLED) has received a consensus recommendation of “Buy” from the fourteen analysts that are presently covering the company, Marketbeat Ratings reports. Two research analysts have rated the stock with a sell recommendation, three have given a hold recommendation and nine have issued a buy recommendation on the company. The average 1-year target price among analysts that have updated their coverage on the stock in the last year is $168.44.
Several analysts have issued reports on OLED shares. BidaskClub lowered shares of Universal Display from a “sell” rating to a “strong sell” rating in a research report on Friday, June 15th. Goldman Sachs Group set a $150.00 price target on shares of Universal Display and gave the company a “buy” rating in a research report on Tuesday, May 29th. ValuEngine upgraded shares of Universal Display from a “sell” rating to a “hold” rating in a research report on Tuesday, May 29th. Roth Capital started coverage on shares of Universal Display in a research report on Monday, May 21st. They set a “buy” rating and a $136.00 price target for the company. Finally, Oppenheimer upgraded shares of Universal Display from a “market perform” rating to an “outperform” rating and set a $120.00 price target for the company in a research report on Friday, April 6th.
Universal Display traded down $0.30, reaching $86.45, during trading on Monday, according to Marketbeat Ratings. The stock had a trading volume of 1,430,470 shares, compared to its average volume of 1,680,933. The stock has a market cap of $4.08 billion, a PE ratio of 35.58 and a beta of 1.38. Universal Display has a one year low of $83.70 and a one year high of $209.00.
The firm also recently declared a quarterly dividend, which will be paid on Friday, June 29th. Shareholders of record on Friday, June 15th will be given a dividend of $0.06 per share. The ex-dividend date is Thursday, June 14th. This represents a $0.24 annualized dividend and a yield of 0.28%. Universal Display’s payout ratio is 9.88%.
In other Universal Display news, Director Rosemarie B. Greco sold 3,750 shares of the company’s stock in a transaction dated Thursday, June 7th. The shares were sold at an average price of $98.15, for a total transaction of $368,062.50. Following the completion of the sale, the director now directly owns 10,700 shares in the company, valued at $1,050,205. The transaction was disclosed in a document filed with the SEC, which is accessible through this link. Corporate insiders own 4.00% of the company’s stock.
Institutional investors have recently bought and sold shares of the company. US Bancorp DE boosted its holdings in shares of Universal Display by 4,188.2% during the fourth quarter. US Bancorp DE now owns 729 shares of the semiconductor company’s stock worth $126,000 after purchasing an additional 712 shares during the period. Aevitas Wealth Management Inc. purchased a new stake in shares of Universal Display during the fourth quarter worth about $165,000. American International Group Inc. purchased a new stake in shares of Universal Display during the fourth quarter worth about $170,000. Assetmark Inc. boosted its holdings in shares of Universal Display by 187.9% during the first quarter. Assetmark Inc. now owns 996 shares of the semiconductor company’s stock worth $101,000 after purchasing an additional 650 shares during the period. Finally, Captrust Financial Advisors purchased a new stake in shares of Universal Display during the fourth quarter worth about $193,000. Institutional investors own 65.26% of the company’s stock.
Universal Display Company Profile
Universal Display Corporation engages in the research, development, and commercialization of organic light emitting diode (OLED) technologies and materials for use in flat panel displays and solid-state lighting applications. As of February 22, 2018, it owned or had exclusive and co-exclusive licenses, or had sole license rights with respect to approximately 4,500 issued and pending patents worldwide.
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