Universal Display Corporation (NASDAQ:OLED)‘s stock had its “buy” rating reissued by investment analysts at Cowen and Company in a research report issued to clients and investors on Friday. They presently have a $140.00 target price on the semiconductor company’s stock. Cowen and Company’s price target suggests a potential upside of 9.67% from the company’s current price.

OLED has been the subject of a number of other research reports. Summit Redstone reaffirmed a “hold” rating and issued a $95.00 price target on shares of Universal Display Corporation in a report on Tuesday, August 1st. Zacks Investment Research cut Universal Display Corporation from a “strong-buy” rating to a “hold” rating in a report on Tuesday, July 18th. Susquehanna Bancshares Inc reaffirmed a “positive” rating and issued a $150.00 price target on shares of Universal Display Corporation in a report on Tuesday. BidaskClub cut Universal Display Corporation from a “buy” rating to a “hold” rating in a report on Friday, June 30th. Finally, Oppenheimer Holdings, Inc. reaffirmed a “market perform” rating on shares of Universal Display Corporation in a report on Wednesday, August 9th. Six research analysts have rated the stock with a hold rating, seven have given a buy rating and one has assigned a strong buy rating to the stock. The stock presently has an average rating of “Buy” and an average target price of $119.89.

Universal Display Corporation (NASDAQ:OLED) traded down 1.24% during mid-day trading on Friday, hitting $127.65. The company had a trading volume of 640,368 shares. The firm has a market capitalization of $6.00 billion, a P/E ratio of 74.00 and a beta of 0.98. Universal Display Corporation has a 12 month low of $47.88 and a 12 month high of $133.50. The company has a 50-day moving average price of $118.27 and a 200 day moving average price of $104.76.

Universal Display Corporation (NASDAQ:OLED) last released its quarterly earnings results on Thursday, August 3rd. The semiconductor company reported $0.99 earnings per share for the quarter, topping analysts’ consensus estimates of $0.68 by $0.31. The company had revenue of $102.50 million during the quarter, compared to analysts’ expectations of $84.81 million. Universal Display Corporation had a return on equity of 14.90% and a net margin of 31.15%. Universal Display Corporation’s quarterly revenue was up 59.2% compared to the same quarter last year. During the same quarter in the prior year, the firm posted $0.46 EPS. Equities analysts forecast that Universal Display Corporation will post $2.14 EPS for the current fiscal year.

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In other Universal Display Corporation news, CEO Steven V. Abramson sold 18,000 shares of the business’s stock in a transaction that occurred on Wednesday, July 19th. The stock was sold at an average price of $124.53, for a total transaction of $2,241,540.00. Following the completion of the sale, the chief executive officer now directly owns 262,888 shares in the company, valued at approximately $32,737,442.64. The transaction was disclosed in a document filed with the SEC, which is available through this link. Also, insider Julia J. Brown sold 10,000 shares of the business’s stock in a transaction that occurred on Wednesday, July 19th. The stock was sold at an average price of $125.00, for a total value of $1,250,000.00. Following the sale, the insider now owns 162,932 shares of the company’s stock, valued at $20,366,500. The disclosure for this sale can be found here. 5.70% of the stock is currently owned by insiders.

Several hedge funds have recently bought and sold shares of OLED. Strs Ohio grew its position in shares of Universal Display Corporation by 115.4% in the first quarter. Strs Ohio now owns 5,600 shares of the semiconductor company’s stock valued at $482,000 after purchasing an additional 3,000 shares in the last quarter. Russell Investments Group Ltd. grew its position in shares of Universal Display Corporation by 292.4% in the first quarter. Russell Investments Group Ltd. now owns 66,412 shares of the semiconductor company’s stock valued at $5,717,000 after purchasing an additional 49,488 shares in the last quarter. Great West Life Assurance Co. Can grew its position in shares of Universal Display Corporation by 26.0% in the first quarter. Great West Life Assurance Co. Can now owns 4,848 shares of the semiconductor company’s stock valued at $416,000 after purchasing an additional 1,000 shares in the last quarter. Zurcher Kantonalbank Zurich Cantonalbank grew its position in shares of Universal Display Corporation by 40.9% in the first quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 5,534 shares of the semiconductor company’s stock valued at $476,000 after purchasing an additional 1,605 shares in the last quarter. Finally, Swiss National Bank grew its position in shares of Universal Display Corporation by 0.7% in the first quarter. Swiss National Bank now owns 69,900 shares of the semiconductor company’s stock valued at $6,018,000 after purchasing an additional 500 shares in the last quarter. Institutional investors and hedge funds own 64.31% of the company’s stock.

About Universal Display Corporation

Universal Display Corporation is engaged in the research, development and commercialization of organic light emitting diode (OLED), technologies and materials for use in display and solid-state lighting applications. The Company also supplies its OLED materials to manufacturers of OLED displays and lighting products for evaluation and for use in product development and for pre-commercial activities, and it also provides technical assistance and support to these manufacturers.

Analyst Recommendations for Universal Display Corporation (NASDAQ:OLED)

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