Universal Display (NASDAQ:OLED) Hits New 12-Month Low – What’s Next?

Universal Display Co. (NASDAQ:OLED) shares reached a new 52-week low on Monday . The company traded as low as $137.77 and last traded at $140.94, with a volume of 36453 shares changing hands. The stock had previously closed at $145.17.

Analyst Upgrades and Downgrades

A number of research analysts have weighed in on OLED shares. Needham & Company LLC decreased their price objective on shares of Universal Display from $215.00 to $170.00 and set a “buy” rating for the company in a research report on Friday, February 21st. The Goldman Sachs Group lowered their price target on Universal Display from $234.00 to $203.00 and set a “buy” rating on the stock in a research report on Thursday, February 6th. StockNews.com upgraded Universal Display from a “sell” rating to a “hold” rating in a research report on Friday, March 21st. Susquehanna decreased their target price on Universal Display from $165.00 to $160.00 and set a “neutral” rating on the stock in a research report on Friday, February 21st. Finally, Citigroup cut their price target on shares of Universal Display from $200.00 to $162.00 and set a “neutral” rating for the company in a report on Monday, February 10th. Three research analysts have rated the stock with a hold rating and five have issued a buy rating to the company’s stock. According to data from MarketBeat, Universal Display has a consensus rating of “Moderate Buy” and an average price target of $190.43.

Universal Display Stock Down 0.4 %

The company has a 50-day moving average of $149.05 and a 200 day moving average of $166.88. The stock has a market capitalization of $6.59 billion, a PE ratio of 29.87, a PEG ratio of 1.61 and a beta of 1.40.

Universal Display (NASDAQ:OLED) last issued its earnings results on Thursday, February 20th. The semiconductor company reported $1.22 EPS for the quarter, beating analysts’ consensus estimates of $1.08 by $0.14. The business had revenue of $162.29 million during the quarter, compared to analysts’ expectations of $152.75 million. Universal Display had a net margin of 34.29% and a return on equity of 15.51%. As a group, equities analysts predict that Universal Display Co. will post 4.71 EPS for the current fiscal year.

Universal Display Increases Dividend

The business also recently announced a quarterly dividend, which was paid on Monday, March 31st. Stockholders of record on Monday, March 17th were issued a dividend of $0.45 per share. This is a boost from Universal Display’s previous quarterly dividend of $0.40. This represents a $1.80 annualized dividend and a dividend yield of 1.30%. The ex-dividend date was Monday, March 17th. Universal Display’s payout ratio is currently 38.71%.

Hedge Funds Weigh In On Universal Display

A number of institutional investors have recently added to or reduced their stakes in the stock. Orion Capital Management LLC purchased a new stake in Universal Display in the 4th quarter valued at $29,000. Brown Brothers Harriman & Co. grew its holdings in shares of Universal Display by 280.0% in the fourth quarter. Brown Brothers Harriman & Co. now owns 209 shares of the semiconductor company’s stock valued at $31,000 after purchasing an additional 154 shares during the period. Blue Trust Inc. increased its position in Universal Display by 401.9% during the fourth quarter. Blue Trust Inc. now owns 261 shares of the semiconductor company’s stock worth $38,000 after purchasing an additional 209 shares during the last quarter. Aster Capital Management DIFC Ltd purchased a new position in Universal Display during the fourth quarter worth about $40,000. Finally, Farther Finance Advisors LLC raised its stake in Universal Display by 761.1% during the fourth quarter. Farther Finance Advisors LLC now owns 310 shares of the semiconductor company’s stock worth $45,000 after purchasing an additional 274 shares during the period. Hedge funds and other institutional investors own 78.19% 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 display and solid-state lighting applications in the United States and internationally. The company offers PHOLED technologies and materials for displays and lighting products under the UniversalPHOLED brand.