Universal Display (NASDAQ:OLED) Price Target Cut to $162.00 by Analysts at Citigroup

Universal Display (NASDAQ:OLED) had its price objective lowered by Citigroup from $200.00 to $162.00 in a report published on Monday,Benzinga reports. The firm currently has a neutral rating on the semiconductor company’s stock.

A number of other analysts also recently weighed in on the stock. The Goldman Sachs Group reduced their target price on shares of Universal Display from $234.00 to $203.00 and set a “buy” rating on the stock in a report on Thursday, February 6th. TD Cowen decreased their price objective on Universal Display from $250.00 to $225.00 and set a “buy” rating on the stock in a research report on Thursday, October 31st. Oppenheimer dropped their target price on Universal Display from $220.00 to $200.00 and set an “outperform” rating for the company in a report on Thursday, January 2nd. Finally, Needham & Company LLC restated a “buy” rating and set a $215.00 price target on shares of Universal Display in a report on Thursday, January 16th. Two research analysts have rated the stock with a hold rating and five have given a buy rating to the company. According to MarketBeat.com, the stock presently has an average rating of “Moderate Buy” and an average price target of $199.57.

Universal Display Trading Up 0.1 %

NASDAQ OLED opened at $142.93 on Monday. Universal Display has a 12 month low of $141.41 and a 12 month high of $237.00. The stock’s 50 day moving average is $150.97 and its 200 day moving average is $177.17. The stock has a market cap of $6.78 billion, a PE ratio of 28.70, a P/E/G ratio of 1.57 and a beta of 1.39.

Institutional Investors Weigh In On Universal Display

Hedge funds and other institutional investors have recently bought and sold shares of the company. Glenmede Trust Co. NA grew its stake in shares of Universal Display by 1.6% during the third quarter. Glenmede Trust Co. NA now owns 6,046 shares of the semiconductor company’s stock worth $1,269,000 after acquiring an additional 97 shares during the last quarter. BNP Paribas Financial Markets grew its position in Universal Display by 8.8% during the 3rd quarter. BNP Paribas Financial Markets now owns 52,713 shares of the semiconductor company’s stock worth $11,064,000 after purchasing an additional 4,269 shares during the last quarter. Montanaro Asset Management Ltd increased its stake in Universal Display by 217.4% during the 3rd quarter. Montanaro Asset Management Ltd now owns 63,260 shares of the semiconductor company’s stock valued at $13,278,000 after purchasing an additional 43,330 shares in the last quarter. Cerity Partners LLC increased its stake in Universal Display by 385.2% during the 3rd quarter. Cerity Partners LLC now owns 8,588 shares of the semiconductor company’s stock valued at $1,803,000 after purchasing an additional 6,818 shares in the last quarter. Finally, Pacer Advisors Inc. raised its holdings in shares of Universal Display by 37.2% in the fourth quarter. Pacer Advisors Inc. now owns 27,246 shares of the semiconductor company’s stock worth $3,983,000 after buying an additional 7,390 shares during the last quarter. Hedge funds and other institutional investors own 78.19% of the company’s stock.

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.