Universal Display Co. (NASDAQ:OLED)’s stock price reached a new 52-week high during trading on Thursday . The company traded as high as $251.30 and last traded at $251.30, with a volume of 1546 shares traded. The stock had previously closed at $245.95.

A number of equities research analysts have recently issued reports on the stock. Zacks Investment Research raised shares of Universal Display from a “sell” rating to a “hold” rating and set a $209.00 price objective for the company in a research report on Wednesday, November 4th. Deutsche Bank Aktiengesellschaft boosted their price target on shares of Universal Display from $205.00 to $220.00 and gave the stock a “buy” rating in a research note on Friday, October 30th. Roth Capital upgraded shares of Universal Display from a “neutral” rating to a “buy” rating in a research note on Friday, October 30th. Cowen upped their target price on shares of Universal Display from $200.00 to $225.00 and gave the company an “outperform” rating in a research report on Friday, October 30th. Finally, Needham & Company LLC upped their target price on shares of Universal Display from $225.00 to $240.00 and gave the company a “buy” rating in a research report on Friday, October 30th. Two research analysts have rated the stock with a hold rating and six have given a buy rating to the company. Universal Display has an average rating of “Buy” and a consensus price target of $214.75.

The company has a market capitalization of $11.93 billion, a P/E ratio of 110.29, a price-to-earnings-growth ratio of 2.99 and a beta of 1.42. The firm has a fifty day moving average price of $234.60 and a 200-day moving average price of $193.98.

Universal Display (NASDAQ:OLED) last released its earnings results on Thursday, October 29th. The semiconductor company reported $0.85 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.54 by $0.31. The company had revenue of $117.10 million during the quarter, compared to analyst estimates of $90.05 million. Universal Display had a return on equity of 13.21% and a net margin of 27.22%. Universal Display’s quarterly revenue was up 20.1% on a year-over-year basis. During the same period in the prior year, the company posted $0.78 earnings per share. On average, sell-side analysts predict that Universal Display Co. will post 2.3 earnings per share for the current fiscal year.

The business also recently announced a quarterly dividend, which was paid on Thursday, December 31st. Shareholders of record on Tuesday, December 15th were given a $0.15 dividend. This represents a $0.60 dividend on an annualized basis and a yield of 0.24%. The ex-dividend date of this dividend was Monday, December 14th. Universal Display’s dividend payout ratio (DPR) is presently 18.18%.

In other Universal Display news, Director C Keith Hartley sold 10,000 shares of Universal Display stock in a transaction that occurred on Thursday, November 5th. The shares were sold at an average price of $213.31, for a total value of $2,133,100.00. Following the completion of the sale, the director now owns 89,667 shares of the company’s stock, valued at approximately $19,126,867.77. The transaction was disclosed in a legal filing with the SEC, which is available at the SEC website. Also, CFO Sidney D. Rosenblatt sold 50,356 shares of Universal Display stock in a transaction that occurred on Monday, December 14th. The stock was sold at an average price of $233.15, for a total transaction of $11,740,501.40. The disclosure for this sale can be found here. In the last ninety days, insiders sold 62,467 shares of company stock valued at $14,295,738. 3.30% of the stock is currently owned by insiders.

Hedge funds have recently modified their holdings of the company. FMR LLC lifted its stake in shares of Universal Display by 156,745.0% during the first quarter. FMR LLC now owns 202,330 shares of the semiconductor company’s stock valued at $30,926,000 after acquiring an additional 202,201 shares during the period. Bank of Montreal Can boosted its position in shares of Universal Display by 33.6% in the 2nd quarter. Bank of Montreal Can now owns 4,247 shares of the semiconductor company’s stock worth $685,000 after purchasing an additional 1,069 shares in the last quarter. Baird Financial Group Inc. lifted its stake in shares of Universal Display by 8.1% in the second quarter. Baird Financial Group Inc. now owns 15,033 shares of the semiconductor company’s stock valued at $1,168,000 after purchasing an additional 1,121 shares during the period. Point72 Hong Kong Ltd bought a new stake in shares of Universal Display in the second quarter worth $151,000. Finally, Cubist Systematic Strategies LLC increased its stake in Universal Display by 147.5% during the second quarter. Cubist Systematic Strategies LLC now owns 16,252 shares of the semiconductor company’s stock valued at $2,432,000 after purchasing an additional 9,685 shares during the last quarter. 69.38% of the stock is owned by hedge funds and other institutional investors.

About Universal Display (NASDAQ:OLED)

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. As of February 20, 2020, it owned, exclusively licenses, or had sole rights to sublicense approximately 5,000 issued and pending patents worldwide.

Read More: What is a Derivative?

Receive News & Ratings for Universal Display Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Universal Display and related companies with MarketBeat.com's FREE daily email newsletter.