Universal Display Co. (OLED) Receives Average Recommendation of “Hold” from Brokerages

Universal Display Co. (NASDAQ:OLED) has received a consensus rating of “Hold” from the sixteen analysts that are covering the company, MarketBeat Ratings reports. One investment analyst has rated the stock with a sell recommendation, eight have issued a hold recommendation and six have given a buy recommendation to the company. The average 12-month price objective among brokerages that have issued a report on the stock in the last year is $163.13.

A number of equities research analysts recently commented on the stock. Deutsche Bank upped their price target on shares of Universal Display to $150.00 and gave the company a “buy” rating in a report on Tuesday, October 31st. Cowen set a $150.00 price target on shares of Universal Display and gave the company a “buy” rating in a report on Wednesday, November 1st. Zacks Investment Research lowered shares of Universal Display from a “buy” rating to a “hold” rating in a report on Saturday, January 27th. Cross Research lowered shares of Universal Display from a “buy” rating to a “hold” rating in a report on Tuesday, October 31st. Finally, BidaskClub lowered shares of Universal Display from a “buy” rating to a “hold” rating in a report on Wednesday, December 6th.

Universal Display (NASDAQ:OLED) traded down $2.65 during trading hours on Tuesday, reaching $145.30. 314,638 shares of the company were exchanged, compared to its average volume of 1,548,989. Universal Display has a 52 week low of $64.30 and a 52 week high of $209.00. The company has a market cap of $6,960.00, a price-to-earnings ratio of 69.52 and a beta of 0.90.

In other Universal Display news, Chairman Sherwin I. Seligsohn sold 50,000 shares of the business’s stock in a transaction on Friday, January 12th. The shares were sold at an average price of $200.00, for a total transaction of $10,000,000.00. Following the transaction, the chairman now directly owns 143,119 shares of the company’s stock, valued at approximately $28,623,800. The sale was disclosed in a legal filing with the SEC, which can be accessed through the SEC website. 5.20% of the stock is currently owned by insiders.

A number of institutional investors have recently modified their holdings of OLED. US Bancorp DE increased its position in Universal Display by 4,188.2% during the 4th quarter. US Bancorp DE now owns 729 shares of the semiconductor company’s stock valued at $126,000 after purchasing an additional 712 shares during the period. Cerebellum GP LLC purchased a new position in Universal Display during the 4th quarter valued at $129,000. Glassman Wealth Services increased its position in Universal Display by 60.7% during the 4th quarter. Glassman Wealth Services now owns 961 shares of the semiconductor company’s stock valued at $166,000 after purchasing an additional 363 shares during the period. American International Group Inc. purchased a new position in Universal Display during the 4th quarter valued at $170,000. Finally, Aries Wealth Management purchased a new position in Universal Display during the 4th quarter valued at $204,000. 64.42% of the stock is currently owned by institutional investors and hedge funds.

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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.

Analyst Recommendations for Universal Display (NASDAQ:OLED)

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