The Goldman Sachs Group Lowers Universal Display (NASDAQ:OLED) Price Target to $203.00

Universal Display (NASDAQ:OLED) had its target price decreased by investment analysts at The Goldman Sachs Group from $234.00 to $203.00 in a research report issued on Thursday,Benzinga reports. The firm presently has a “buy” rating on the semiconductor company’s stock. The Goldman Sachs Group’s target price would indicate a potential upside of 42.13% from the company’s current price.

Several other equities analysts also recently commented on OLED. TD Cowen lowered their target price on shares of Universal Display from $250.00 to $225.00 and set a “buy” rating on the stock in a report on Thursday, October 31st. Oppenheimer reduced their price target on shares of Universal Display from $220.00 to $200.00 and set an “outperform” rating on the stock in a research report on Thursday, January 2nd. Finally, Needham & Company LLC restated a “buy” rating and issued a $215.00 price target on shares of Universal Display in a research report on Thursday, January 16th. One equities research analyst has rated the stock with a hold rating and five have given a buy rating to the stock. Based on data from MarketBeat.com, the company has an average rating of “Moderate Buy” and an average target price of $205.83.

Universal Display Stock Performance

OLED stock opened at $142.83 on Thursday. Universal Display has a one year low of $141.56 and a one year high of $237.00. The company’s fifty day moving average price is $151.43 and its 200-day moving average price is $178.42. The company has a market capitalization of $6.78 billion, a PE ratio of 28.68, a price-to-earnings-growth ratio of 1.64 and a beta of 1.39.

Institutional Trading of Universal Display

Several hedge funds have recently modified their holdings of OLED. Park Avenue Securities LLC lifted its position in shares of Universal Display by 33.1% during the third quarter. Park Avenue Securities LLC now owns 1,437 shares of the semiconductor company’s stock valued at $302,000 after buying an additional 357 shares during the last quarter. GAMMA Investing LLC lifted its position in shares of Universal Display by 80.2% during the third quarter. GAMMA Investing LLC now owns 926 shares of the semiconductor company’s stock valued at $194,000 after buying an additional 412 shares during the last quarter. CWM LLC lifted its position in shares of Universal Display by 390.9% during the third quarter. CWM LLC now owns 5,586 shares of the semiconductor company’s stock valued at $1,173,000 after buying an additional 4,448 shares during the last quarter. UMB Bank n.a. lifted its position in shares of Universal Display by 42.1% during the third quarter. UMB Bank n.a. now owns 324 shares of the semiconductor company’s stock valued at $68,000 after buying an additional 96 shares during the last quarter. Finally, LVW Advisors LLC acquired a new position in shares of Universal Display during the third quarter valued at about $785,000. 78.19% of the stock is owned by hedge funds and other institutional investors.

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.