BidaskClub cut shares of Universal Display (NASDAQ:OLED) from a buy rating to a hold rating in a report issued on Friday morning.

A number of other research firms also recently weighed in on OLED. ValuEngine raised shares of Universal Display from a sell rating to a hold rating in a research report on Tuesday, May 29th. Needham & Company LLC raised their price target on shares of Universal Display from $130.00 to $145.00 and gave the stock a buy rating in a research report on Friday, August 10th. Goldman Sachs Group set a $150.00 price target on shares of Universal Display and gave the stock a buy rating in a research report on Tuesday, May 29th. Zacks Investment Research raised shares of Universal Display from a sell rating to a hold rating in a report on Saturday, August 11th. Finally, Citigroup began coverage on shares of Universal Display in a report on Tuesday, September 4th. They issued a buy rating and a $153.00 price objective for the company. Four research analysts have rated the stock with a hold rating and ten have given a buy rating to the company’s stock. Universal Display presently has an average rating of Buy and a consensus target price of $172.82.

OLED stock opened at $119.90 on Friday. Universal Display has a twelve month low of $78.75 and a twelve month high of $209.00. The company has a market cap of $5.83 billion, a PE ratio of 49.34 and a beta of 1.74.

Universal Display (NASDAQ:OLED) last released its quarterly earnings results on Thursday, August 9th. The semiconductor company reported $0.23 earnings per share for the quarter, topping analysts’ consensus estimates of $0.15 by $0.08. Universal Display had a net margin of 22.76% and a return on equity of 11.59%. The business had revenue of $56.15 million during the quarter, compared to the consensus estimate of $49.64 million. During the same quarter last year, the company earned $0.99 earnings per share. The business’s quarterly revenue was down 45.2% compared to the same quarter last year. research analysts expect that Universal Display will post 1.83 EPS for the current fiscal year.

The firm also recently disclosed a quarterly dividend, which will be paid on Friday, September 28th. Shareholders of record on Saturday, September 15th will be issued a $0.06 dividend. This represents a $0.24 dividend on an annualized basis and a yield of 0.20%. The ex-dividend date of this dividend is Thursday, September 13th. Universal Display’s dividend payout ratio is presently 9.88%.

In other Universal Display news, Director Lawrence Lacerte sold 15,000 shares of Universal Display stock in a transaction on Tuesday, August 14th. The shares were sold at an average price of $119.51, for a total value of $1,792,650.00. Following the completion of the transaction, the director now owns 348,950 shares of the company’s stock, valued at $41,703,014.50. The transaction was disclosed in a filing with the SEC, which is accessible through the SEC website. Also, VP Mauro Premutico sold 10,044 shares of Universal Display stock in a transaction on Tuesday, September 4th. The stock was sold at an average price of $123.63, for a total transaction of $1,241,739.72. The disclosure for this sale can be found here. Insiders own 4.00% of the company’s stock.

A number of institutional investors have recently added to or reduced their stakes in the business. Assetmark Inc. lifted its stake in Universal Display by 187.9% in the first quarter. Assetmark Inc. now owns 996 shares of the semiconductor company’s stock valued at $101,000 after buying an additional 650 shares during the last quarter. Whittier Trust Co. of Nevada Inc. lifted its stake in Universal Display by 46.5% in the second quarter. Whittier Trust Co. of Nevada Inc. now owns 1,866 shares of the semiconductor company’s stock valued at $160,000 after buying an additional 592 shares during the last quarter. US Bancorp DE lifted its stake in Universal Display by 125.0% in the first quarter. US Bancorp DE now owns 1,640 shares of the semiconductor company’s stock valued at $165,000 after buying an additional 911 shares during the last quarter. Advisors Asset Management Inc. lifted its stake in Universal Display by 4,030.0% in the second quarter. Advisors Asset Management Inc. now owns 190,683 shares of the semiconductor company’s stock valued at $192,000 after buying an additional 186,066 shares during the last quarter. Finally, Cornercap Investment Counsel Inc. bought a new stake in Universal Display in the first quarter valued at $202,000. 72.59% of the stock is owned by hedge funds and other institutional investors.

About Universal Display

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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Analyst Recommendations for Universal Display (NASDAQ:OLED)

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