Deutsche Bank Aktiengesellschaft Lowers Universal Display (NASDAQ:OLED) Price Target to $150.00

Universal Display (NASDAQ:OLEDGet Rating) had its price objective decreased by Deutsche Bank Aktiengesellschaft from $180.00 to $150.00 in a research note published on Monday morning, The Fly reports. Deutsche Bank Aktiengesellschaft currently has a maintains rating on the semiconductor company’s stock.

Several other equities analysts have also issued reports on OLED. Needham & Company LLC lowered their price target on Universal Display from $165.00 to $140.00 and set a buy rating for the company in a research report on Tuesday, July 26th. The Goldman Sachs Group lowered their price target on Universal Display from $225.00 to $192.00 and set a buy rating for the company in a research report on Thursday, July 28th. DA Davidson lowered their price target on Universal Display from $165.00 to $140.00 in a research report on Tuesday, July 26th. Finally, Bank of America lowered Universal Display from a buy rating to a neutral rating and lowered their price target for the stock from $190.00 to $135.00 in a research report on Wednesday, June 29th. Two research analysts have rated the stock with a hold rating and five have assigned a buy rating to the stock. Based on data from MarketBeat, the company presently has a consensus rating of Moderate Buy and a consensus price target of $174.22.

Universal Display Trading Up 5.1 %

Shares of Universal Display stock opened at $120.92 on Monday. The firm has a market capitalization of $5.71 billion, a P/E ratio of 31.57, a P/E/G ratio of 1.27 and a beta of 1.46. The business has a fifty day simple moving average of $113.63 and a two-hundred day simple moving average of $135.14. Universal Display has a 12 month low of $98.71 and a 12 month high of $235.30.

Universal Display (NASDAQ:OLEDGet Rating) last announced its quarterly earnings data on Thursday, May 5th. The semiconductor company reported $1.05 EPS for the quarter, beating the consensus estimate of $0.95 by $0.10. The business had revenue of $150.50 million during the quarter, compared to analyst estimates of $143.81 million. Universal Display had a return on equity of 17.14% and a net margin of 32.02%. The company’s revenue for the quarter was up 12.3% on a year-over-year basis. During the same quarter last year, the firm posted $1.08 earnings per share. Analysts predict that Universal Display will post 4.33 earnings per share for the current year.

Institutional Investors Weigh In On Universal Display

Several large investors have recently bought and sold shares of OLED. JPMorgan Chase & Co. grew its stake in shares of Universal Display by 42.3% during the 1st quarter. JPMorgan Chase & Co. now owns 838,603 shares of the semiconductor company’s stock valued at $140,006,000 after purchasing an additional 249,377 shares during the period. Vanguard Group Inc. grew its stake in shares of Universal Display by 6.0% during the 1st quarter. Vanguard Group Inc. now owns 4,266,391 shares of the semiconductor company’s stock valued at $712,274,000 after purchasing an additional 241,855 shares during the period. Renaissance Technologies LLC grew its stake in shares of Universal Display by 493.6% during the 4th quarter. Renaissance Technologies LLC now owns 287,539 shares of the semiconductor company’s stock valued at $47,453,000 after purchasing an additional 239,100 shares during the period. State Street Corp grew its stake in shares of Universal Display by 10.2% during the 4th quarter. State Street Corp now owns 1,388,245 shares of the semiconductor company’s stock valued at $229,102,000 after purchasing an additional 128,230 shares during the period. Finally, Goldman Sachs Group Inc. grew its stake in shares of Universal Display by 98.8% during the 4th quarter. Goldman Sachs Group Inc. now owns 250,815 shares of the semiconductor company’s stock valued at $41,392,000 after purchasing an additional 124,660 shares during the period. 71.15% of the stock is currently owned by institutional investors.

Universal Display Company Profile

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Universal Display Corporation engages in the research, development, and commercialization of organic light emitting diode (OLED) technologies and materials for use in display and solid-state lighting applications. It owns, exclusively licenses, or has sole rights to sublicense approximately 5,500 issued and pending patents worldwide.

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