Universal Display Co. (NASDAQ:OLED - Get Free Report) declared a quarterly dividend on Wednesday, October 30th, Zacks reports. Stockholders of record on Tuesday, December 17th will be paid a dividend of 0.40 per share by the semiconductor company on Tuesday, December 31st. This represents a $1.60 dividend on an annualized basis and a dividend yield of 0.89%. The ex-dividend date is Tuesday, December 17th.
Universal Display has increased its dividend by an average of 32.6% per year over the last three years. Universal Display has a payout ratio of 28.3% indicating that its dividend is sufficiently covered by earnings. Research analysts expect Universal Display to earn $5.34 per share next year, which means the company should continue to be able to cover its $1.60 annual dividend with an expected future payout ratio of 30.0%.
Shares of NASDAQ:OLED opened at $180.32 on Friday. The firm has a market cap of $8.56 billion, a price-to-earnings ratio of 36.21, a PEG ratio of 2.17 and a beta of 1.42. Universal Display has a 12-month low of $133.67 and a 12-month high of $237.00. The stock's 50-day moving average price is $201.79 and its two-hundred day moving average price is $193.89.
Universal Display (NASDAQ:OLED - Get Free Report) last posted its quarterly earnings data on Wednesday, October 30th. The semiconductor company reported $1.40 earnings per share (EPS) for the quarter, topping the consensus estimate of $1.20 by $0.20. The company had revenue of $161.63 million for the quarter, compared to the consensus estimate of $165.28 million. Universal Display had a return on equity of 16.01% and a net margin of 36.98%. Universal Display's revenue for the quarter was up 14.6% compared to the same quarter last year. During the same period in the previous year, the business earned $1.08 EPS. As a group, research analysts forecast that Universal Display will post 4.81 earnings per share for the current fiscal year.
A number of analysts have recently commented on OLED shares. The Goldman Sachs Group boosted their price objective on Universal Display from $208.00 to $243.00 and gave the stock a "buy" rating in a research note on Thursday, July 18th. Roth Mkm upped their price target on Universal Display from $189.00 to $217.00 and gave the company a "buy" rating in a research report on Friday, August 2nd. TD Cowen dropped their target price on Universal Display from $250.00 to $225.00 and set a "buy" rating on the stock in a research report on Thursday. Susquehanna increased their price target on Universal Display from $170.00 to $175.00 and gave the company a "neutral" rating in a report on Friday, August 2nd. Finally, Needham & Company LLC cut their price objective on Universal Display from $242.00 to $215.00 and set a "buy" rating for the company in a research report on Thursday. Two investment analysts have rated the stock with a hold rating and six have assigned a buy rating to the company's stock. According to data from MarketBeat, the stock has a consensus rating of "Moderate Buy" and a consensus target price of $215.63.
View Our Latest Stock Analysis on 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 in the United States and internationally. The company offers PHOLED technologies and materials for displays and lighting products under the UniversalPHOLED brand.
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