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.
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.
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.
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