Universal Display Co. (NASDAQ:OLED) declared a quarterly dividend on Thursday, August 1st, Zacks reports. Investors of record on Monday, September 16th will be given a dividend of 0.10 per share by the semiconductor company on Monday, September 30th. This represents a $0.40 annualized dividend and a yield of 0.21%. The ex-dividend date of this dividend is Friday, September 13th.

Universal Display has a dividend payout ratio of 21.9% meaning its dividend is sufficiently covered by earnings. Equities analysts expect Universal Display to earn $3.88 per share next year, which means the company should continue to be able to cover its $0.40 annual dividend with an expected future payout ratio of 10.3%.

Shares of OLED traded up $3.86 during mid-day trading on Wednesday, reaching $194.00. The company’s stock had a trading volume of 397,917 shares, compared to its average volume of 516,262. Universal Display has a 12-month low of $78.78 and a 12-month high of $230.32. The stock has a market cap of $9.94 billion, a PE ratio of 156.45, a price-to-earnings-growth ratio of 2.62 and a beta of 1.53. The company’s 50 day moving average is $209.95 and its 200 day moving average is $178.05.

Universal Display (NASDAQ:OLED) last posted its earnings results on Thursday, August 1st. The semiconductor company reported $0.92 earnings per share for the quarter, topping the consensus estimate of $0.46 by $0.46. The firm had revenue of $118.17 million during the quarter, compared to analysts’ expectations of $79.26 million. Universal Display had a return on equity of 16.52% and a net margin of 33.08%. The firm’s revenue was up 110.5% compared to the same quarter last year. During the same quarter in the previous year, the business earned $0.23 earnings per share. Sell-side analysts forecast that Universal Display will post 2.68 EPS for the current fiscal year.

A number of analysts have weighed in on OLED shares. Needham & Company LLC cut shares of Universal Display from a “buy” rating to a “hold” rating in a report on Friday, August 2nd. Berenberg Bank assumed coverage on shares of Universal Display in a report on Wednesday, July 24th. They issued a “hold” rating and a $192.00 target price for the company. BidaskClub lowered shares of Universal Display from a “strong-buy” rating to a “buy” rating in a research note on Sunday, August 18th. Oppenheimer cut shares of Universal Display from an “outperform” rating to a “market perform” rating and set a $190.50 price target for the company. in a research report on Wednesday, July 10th. They noted that the move was a valuation call. Finally, Deutsche Bank set a $230.00 target price on Universal Display and gave the company a “buy” rating in a research report on Friday, August 16th. Eight analysts have rated the stock with a hold rating and seven have given a buy rating to the company’s stock. The company presently has an average rating of “Hold” and a consensus price target of $183.29.

In other Universal Display news, insider Steven V. Abramson sold 30,000 shares of Universal Display stock in a transaction that occurred on Tuesday, June 18th. The stock was sold at an average price of $179.64, for a total value of $5,389,200.00. The sale was disclosed in a filing with the SEC, which can be accessed through the SEC website. Also, CFO Sidney D. Rosenblatt sold 33,930 shares of the business’s stock in a transaction that occurred on Tuesday, June 18th. The shares were sold at an average price of $182.23, for a total value of $6,183,063.90. The disclosure for this sale can be found here. Insiders sold a total of 194,907 shares of company stock worth $39,103,772 in the last 90 days. 3.70% of the stock is currently owned by insiders.

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 21, 2019, it owned or had exclusive and co-exclusive licenses, or had sole license rights with respect to approximately 5,000 issued and pending patents worldwide.

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Dividend History for Universal Display (NASDAQ:OLED)

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