Universal Display (NASDAQ:OLED) had its price target increased by equities research analysts at Susquehanna Bancshares from $195.00 to $215.00 in a research note issued on Friday. The brokerage presently has a “positive” rating on the semiconductor company’s stock. Susquehanna Bancshares’ target price indicates a potential upside of 19.91% from the company’s current price.
OLED has been the topic of a number of other reports. Zacks Investment Research lowered Universal Display from a “buy” rating to a “hold” rating in a report on Tuesday, November 14th. Evercore ISI started coverage on Universal Display in a report on Thursday, November 30th. They set an “outperform” rating and a $225.00 price target on the stock. Cowen set a $140.00 target price on Universal Display and gave the stock a “buy” rating in a report on Wednesday, October 11th. Needham & Company LLC reaffirmed a “hold” rating on shares of Universal Display in a report on Friday, November 3rd. Finally, Deutsche Bank lifted their target price on Universal Display to $150.00 and gave the stock a “buy” rating in a report on Tuesday, October 31st. Eight analysts have rated the stock with a hold rating and seven have assigned a buy rating to the company. The company currently has a consensus rating of “Hold” and an average target price of $161.50.
Shares of Universal Display (NASDAQ:OLED) traded up $2.80 on Friday, hitting $179.30. The stock had a trading volume of 556,452 shares, compared to its average volume of 723,867. The firm has a market capitalization of $8,430.00, a price-to-earnings ratio of 85.79 and a beta of 1.07. Universal Display has a 52 week low of $56.15 and a 52 week high of $192.75.
Universal Display (NASDAQ:OLED) last issued its quarterly earnings results on Thursday, November 2nd. The semiconductor company reported $0.28 EPS for the quarter, beating analysts’ consensus estimates of $0.09 by $0.19. The company had revenue of $61.70 million for the quarter, compared to analyst estimates of $47.35 million. Universal Display had a return on equity of 16.67% and a net margin of 32.92%. The company’s quarterly revenue was up 104.3% compared to the same quarter last year. During the same period last year, the company earned ($0.03) earnings per share. research analysts anticipate that Universal Display will post 2.33 earnings per share for the current year.
In other news, Director Rosemarie B. Greco sold 1,250 shares of Universal Display stock in a transaction dated Thursday, November 9th. The stock was sold at an average price of $168.63, for a total transaction of $210,787.50. Following the completion of the sale, the director now directly owns 12,800 shares in the company, valued at approximately $2,158,464. The sale was disclosed in a filing with the SEC, which can be accessed through this link. Also, CFO Sidney D. Rosenblatt sold 50,240 shares of Universal Display stock in a transaction dated Wednesday, November 8th. The shares were sold at an average price of $167.80, for a total value of $8,430,272.00. The disclosure for this sale can be found here. Insiders have sold a total of 146,734 shares of company stock valued at $23,349,769 over the last 90 days. Corporate insiders own 5.20% of the company’s stock.
Several institutional investors have recently made changes to their positions in the company. GSA Capital Partners LLP acquired a new stake in shares of Universal Display during the 3rd quarter valued at about $2,261,000. Belpointe Asset Management LLC bought a new position in shares of Universal Display in the 3rd quarter valued at approximately $408,000. Cetera Advisors LLC bought a new position in shares of Universal Display in the 3rd quarter valued at approximately $229,000. Neuberger Berman Group LLC raised its stake in shares of Universal Display by 17.8% in the 3rd quarter. Neuberger Berman Group LLC now owns 714,223 shares of the semiconductor company’s stock valued at $92,028,000 after acquiring an additional 107,751 shares in the last quarter. Finally, Griffin Asset Management Inc. raised its stake in shares of Universal Display by 725.2% in the 3rd quarter. Griffin Asset Management Inc. now owns 41,262 shares of the semiconductor company’s stock valued at $5,317,000 after acquiring an additional 36,262 shares in the last quarter. Institutional investors and hedge funds own 64.87% of the company’s stock.
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Universal Display 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.