Universal Display Corporation (NASDAQ:OLED) has been given a $140.00 price objective by investment analysts at Cowen and Company in a research report issued on Wednesday. The firm presently has a “buy” rating on the semiconductor company’s stock. Cowen and Company’s price target would suggest a potential upside of 4.01% from the stock’s previous close.

OLED has been the topic of a number of other reports. BidaskClub lowered shares of Universal Display Corporation from a “hold” rating to a “sell” rating in a report on Saturday, August 12th. Oppenheimer Holdings, Inc. restated a “market perform” rating on shares of Universal Display Corporation in a report on Wednesday, August 9th. Goldman Sachs Group, Inc. (The) restated a “buy” rating and issued a $150.00 target price (up from $140.00) on shares of Universal Display Corporation in a report on Wednesday, August 9th. Susquehanna Bancshares Inc restated a “positive” rating and issued a $150.00 target price on shares of Universal Display Corporation in a report on Tuesday, September 5th. Finally, Zacks Investment Research lowered shares of Universal Display Corporation from a “strong-buy” rating to a “hold” rating in a report on Tuesday, July 18th. Six analysts have rated the stock with a hold rating, seven have issued a buy rating and one has given a strong buy rating to the company’s stock. The stock currently has a consensus rating of “Buy” and a consensus price target of $121.11.

Universal Display Corporation (OLED) traded up 3.38% during midday trading on Wednesday, reaching $134.60. 1,453,917 shares of the company traded hands. The company’s 50-day moving average price is $128.18 and its 200 day moving average price is $113.17. Universal Display Corporation has a 12 month low of $49.02 and a 12 month high of $145.30. The firm has a market capitalization of $6.33 billion, a PE ratio of 78.03 and a beta of 1.04.

Universal Display Corporation (NASDAQ:OLED) last released its earnings results on Thursday, August 3rd. The semiconductor company reported $0.99 earnings per share (EPS) for the quarter, beating the Zacks’ consensus estimate of $0.68 by $0.31. The company had revenue of $102.50 million for the quarter, compared to analyst estimates of $84.81 million. Universal Display Corporation had a net margin of 31.15% and a return on equity of 14.90%. The firm’s quarterly revenue was up 59.2% on a year-over-year basis. During the same period in the prior year, the firm earned $0.46 EPS. On average, equities analysts anticipate that Universal Display Corporation will post $2.14 earnings per share for the current year.

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In other news, insider Julia J. Brown sold 10,000 shares of the stock in a transaction dated Wednesday, July 19th. The shares were sold at an average price of $125.00, for a total transaction of $1,250,000.00. Following the transaction, the insider now directly owns 162,932 shares in the company, valued at approximately $20,366,500. The sale was disclosed in a legal filing with the SEC, which is available at this hyperlink. Also, CEO Steven V. Abramson sold 18,000 shares of the stock in a transaction dated 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 transaction, the chief executive officer now owns 262,888 shares in the company, valued at $32,737,442.64. The disclosure for this sale can be found here. Over the last quarter, insiders have sold 78,240 shares of company stock worth $10,274,945. Insiders own 5.20% of the company’s stock.

Hedge funds have recently made changes to their positions in the company. Bank of America Corp DE lifted its holdings in shares of Universal Display Corporation by 33.4% during the 1st quarter. Bank of America Corp DE now owns 72,951 shares of the semiconductor company’s stock worth $6,281,000 after acquiring an additional 18,272 shares during the period. Oppenheimer Asset Management Inc. purchased a new position in shares of Universal Display Corporation during the 1st quarter worth about $792,000. BKS Advisors LLC purchased a new position in shares of Universal Display Corporation during the 2nd quarter worth about $2,318,000. Westwood Management Corp IL lifted its holdings in shares of Universal Display Corporation by 70.0% during the 2nd quarter. Westwood Management Corp IL now owns 17,000 shares of the semiconductor company’s stock worth $1,857,000 after acquiring an additional 7,000 shares during the period. Finally, Neuberger Berman Group LLC lifted its holdings in shares of Universal Display Corporation by 18.2% during the 2nd quarter. Neuberger Berman Group LLC now owns 606,472 shares of the semiconductor company’s stock worth $66,257,000 after acquiring an additional 93,223 shares during the period. Institutional investors and hedge funds own 64.09% of the company’s stock.

Universal Display Corporation Company Profile

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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