StockNews.com Upgrades Universal Display (NASDAQ:OLED) to Hold

Universal Display (NASDAQ:OLED) was upgraded by research analysts at StockNews.com from a “sell” rating to a “hold” rating in a research note issued on Friday.

OLED has been the subject of several other research reports. Roth Mkm upped their target price on shares of Universal Display from $207.00 to $213.00 and gave the stock a “buy” rating in a research report on Friday, February 21st. Susquehanna decreased their target price on shares of Universal Display from $165.00 to $160.00 and set a “neutral” rating for the company in a research report on Friday, February 21st. Citigroup decreased their target price on shares of Universal Display from $200.00 to $162.00 and set a “neutral” rating for the company in a research report on Monday, February 10th. Oppenheimer decreased their target price on shares of Universal Display from $220.00 to $200.00 and set an “outperform” rating for the company in a research report on Thursday, January 2nd. Finally, Needham & Company LLC decreased their target price 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. Three analysts have rated the stock with a hold rating and five have issued a buy rating to the stock. According to MarketBeat, Universal Display has a consensus rating of “Moderate Buy” and an average price target of $190.43.

Universal Display Price Performance

Shares of NASDAQ:OLED traded down $2.88 during trading on Friday, reaching $148.50. 1,898,722 shares of the company’s stock traded hands, compared to its average volume of 489,206. Universal Display has a 12 month low of $140.17 and a 12 month high of $237.00. The company has a 50 day moving average of $149.09 and a 200-day moving average of $169.49. The stock has a market capitalization of $7.05 billion, a P/E ratio of 31.94, a price-to-earnings-growth ratio of 1.61 and a beta of 1.40.

Universal Display (NASDAQ:OLED) last announced its quarterly earnings data on Thursday, February 20th. The semiconductor company reported $1.22 earnings per share for the quarter, beating analysts’ consensus estimates of $1.08 by $0.14. Universal Display had a net margin of 34.29% and a return on equity of 15.51%. The business had revenue of $162.29 million during the quarter, compared to the consensus estimate of $152.75 million. Equities research analysts predict that Universal Display will post 4.71 earnings per share for the current fiscal year.

Institutional Trading of Universal Display

Institutional investors have recently made changes to their positions in the stock. Glenmede Trust Co. NA lifted its stake in shares of Universal Display by 1.6% in the 3rd quarter. Glenmede Trust Co. NA now owns 6,046 shares of the semiconductor company’s stock worth $1,269,000 after acquiring an additional 97 shares during the period. BNP Paribas Financial Markets lifted its stake in Universal Display by 8.8% during the third quarter. BNP Paribas Financial Markets now owns 52,713 shares of the semiconductor company’s stock valued at $11,064,000 after purchasing an additional 4,269 shares during the last quarter. Cerity Partners LLC lifted its stake in Universal Display by 385.2% during the third quarter. Cerity Partners LLC now owns 8,588 shares of the semiconductor company’s stock valued at $1,803,000 after purchasing an additional 6,818 shares during the last quarter. Pacer Advisors Inc. lifted its stake in Universal Display by 37.2% during the fourth quarter. Pacer Advisors Inc. now owns 27,246 shares of the semiconductor company’s stock valued at $3,983,000 after purchasing an additional 7,390 shares during the last quarter. Finally, Stifel Financial Corp lifted its stake in Universal Display by 200.0% during the third quarter. Stifel Financial Corp now owns 120,234 shares of the semiconductor company’s stock valued at $25,237,000 after purchasing an additional 80,162 shares during the last quarter. 78.19% of the stock is owned by institutional investors and hedge funds.

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.