Shares of Universal Display Corp. (NASDAQ:OLED) traded down 2.5% on Tuesday . The company traded as low as $59.77 and last traded at $59.81, with a volume of 171,277 shares. The stock had previously closed at $61.34.

A number of analysts have weighed in on the stock. TheStreet raised shares of Universal Display Corp. from a “hold” rating to a “buy” rating in a report on Wednesday, August 10th. Oppenheimer Holdings Inc. reissued a “market perform” rating on shares of Universal Display Corp. in a report on Monday, August 8th. Canaccord Genuity reissued a “hold” rating and set a $52.00 target price on shares of Universal Display Corp. in a report on Sunday, August 7th. Needham & Company LLC cut shares of Universal Display Corp. from a “buy” rating to a “hold” rating in a report on Friday, August 5th. Finally, Zacks Investment Research cut shares of Universal Display Corp. from a “hold” rating to a “strong sell” rating in a report on Wednesday, July 13th. One investment analyst has rated the stock with a sell rating, five have given a hold rating and three have given a buy rating to the stock. The stock currently has a consensus rating of “Hold” and an average price target of $58.00.

The firm has a 50 day moving average price of $61.36 and a 200-day moving average price of $61.23. The stock has a market cap of $2.80 billion, a price-to-earnings ratio of 58.31 and a beta of 0.99.

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Universal Display Corp. (NASDAQ:OLED) last released its quarterly earnings results on Thursday, August 4th. The company reported $0.46 EPS for the quarter, missing the Zacks’ consensus estimate of $0.50 by $0.04. Universal Display Corp. had a net margin of 24.96% and a return on equity of 10.15%. The firm earned $64.40 million during the quarter, compared to the consensus estimate of $68.68 million. During the same period in the prior year, the business earned $0.41 EPS. The company’s revenue for the quarter was up 10.8% compared to the same quarter last year. Equities analysts expect that Universal Display Corp. will post $0.89 earnings per share for the current year.

Institutional investors have recently added to or reduced their stakes in the stock. Quentec Asset Management LLC raised its position in Universal Display Corp. by 97.8% in the first quarter. Quentec Asset Management LLC now owns 309,458 shares of the company’s stock worth $16,742,000 after buying an additional 153,000 shares in the last quarter. Invictus RG raised its position in Universal Display Corp. by 265.3% in the first quarter. Invictus RG now owns 3,770 shares of the company’s stock worth $204,000 after buying an additional 2,738 shares in the last quarter. Pictet Asset Management Ltd. purchased a new position in Universal Display Corp. during the first quarter worth approximately $171,000. Glenmede Trust Co. NA raised its position in Universal Display Corp. by 0.4% in the first quarter. Glenmede Trust Co. NA now owns 7,440 shares of the company’s stock worth $402,000 after buying an additional 32 shares in the last quarter. Finally, AO Asset Management LLC purchased a new position in Universal Display Corp. during the first quarter worth approximately $5,681,000. 67.54% of the stock is currently owned by institutional investors.

About Universal Display Corp.

Universal Display Corporation is engaged in the research, development and commercialization of organic light emitting diode (OLED), technologies and materials for use in displays for wearables, smartphones, tablets and televisions, as well as solid-state lighting applications. The Company’s flat panel displays are used for various portable consumer electronics products, such as mobile phones, wearables, portable media devices, digital cameras, tablets and notebook computers.

5 Day Chart for NASDAQ:OLED

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