Universal Display (NASDAQ:OLED) Stock Rating Upgraded by StockNews.com

Universal Display (NASDAQ:OLED) was upgraded by StockNews.com from a “sell” rating to a “hold” rating in a research note issued on Friday.

A number of other research analysts also recently issued reports on OLED. Citigroup cut their target price on shares of Universal Display from $200.00 to $162.00 and set a “neutral” rating on the stock in a research report on Monday, February 10th. Oppenheimer reduced their price objective on shares of Universal Display from $220.00 to $200.00 and set an “outperform” rating on the stock in a research note on Thursday, January 2nd. The Goldman Sachs Group dropped their target price on shares of Universal Display from $234.00 to $203.00 and set a “buy” rating for the company in a research report on Thursday, February 6th. Needham & Company LLC restated a “buy” rating and issued a $170.00 price target on shares of Universal Display in a research report on Friday. Finally, Roth Mkm upped their price objective on Universal Display from $207.00 to $213.00 and gave the company a “buy” rating in a report on Friday, February 21st. Three 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.com, the company has a consensus rating of “Moderate Buy” and a consensus target price of $190.43.

Universal Display Stock Performance

Shares of NASDAQ:OLED opened at $144.02 on Friday. The business has a fifty day moving average of $135.55 and a 200-day moving average of $152.26. Universal Display has a twelve month low of $103.70 and a twelve month high of $237.00. The firm has a market cap of $6.85 billion, a PE ratio of 30.97, a price-to-earnings-growth ratio of 1.61 and a beta of 1.46.

Universal Display (NASDAQ:OLED) last released its quarterly earnings results on Thursday, May 1st. The semiconductor company reported $1.35 EPS for the quarter, beating the consensus estimate of $1.07 by $0.28. Universal Display had a net margin of 34.29% and a return on equity of 15.51%. The business had revenue of $166.28 million for the quarter, compared to analysts’ expectations of $154.76 million. During the same period in the prior year, the firm earned $1.19 earnings per share. Universal Display’s revenue was up .6% compared to the same quarter last year. On average, analysts anticipate that Universal Display will post 4.71 EPS for the current fiscal year.

Institutional Trading of Universal Display

Hedge funds have recently bought and sold shares of the stock. Orion Capital Management LLC acquired a new stake in shares of Universal Display during the fourth quarter worth $29,000. Brown Brothers Harriman & Co. raised its stake in shares of Universal Display by 280.0% in the 4th quarter. Brown Brothers Harriman & Co. now owns 209 shares of the semiconductor company’s stock valued at $31,000 after purchasing an additional 154 shares during the period. Golden State Wealth Management LLC lifted its holdings in shares of Universal Display by 4,700.0% in the first quarter. Golden State Wealth Management LLC now owns 240 shares of the semiconductor company’s stock valued at $33,000 after purchasing an additional 235 shares in the last quarter. Blue Trust Inc. boosted its position in shares of Universal Display by 401.9% during the fourth quarter. Blue Trust Inc. now owns 261 shares of the semiconductor company’s stock worth $38,000 after buying an additional 209 shares during the period. Finally, Aster Capital Management DIFC Ltd bought a new position in shares of Universal Display during the fourth quarter worth about $40,000. 78.19% of the stock is currently owned by institutional investors and hedge funds.

About Universal Display

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 in the United States and internationally. The company offers PHOLED technologies and materials for displays and lighting products under the UniversalPHOLED brand.