Roth Mkm Forecasts Strong Price Appreciation for Universal Display (NASDAQ:OLED) Stock

Universal Display (NASDAQ:OLED) had its target price hoisted by stock analysts at Roth Mkm from $207.00 to $213.00 in a note issued to investors on Friday,Benzinga reports. The firm currently has a “buy” rating on the semiconductor company’s stock. Roth Mkm’s price objective suggests a potential upside of 35.41% from the stock’s current price.

A number of other research firms have also weighed in on OLED. TD Cowen cut their target price on shares of Universal Display from $250.00 to $225.00 and set a “buy” rating for the company in a research report on Thursday, October 31st. Susquehanna cut their target price on shares of Universal Display from $165.00 to $160.00 and set a “neutral” rating for the company in a research report on Friday. Oppenheimer cut their target price on shares of Universal Display from $220.00 to $200.00 and set an “outperform” rating for the company in a research report on Thursday, January 2nd. Needham & Company LLC cut their target price on shares of Universal Display from $215.00 to $170.00 and set a “buy” rating for the company in a research report on Friday. Finally, Citigroup cut their target price on shares of Universal Display from $200.00 to $162.00 and set a “neutral” rating for the company in a research report on Monday, February 10th. Two equities research analysts have rated the stock with a hold rating and five have assigned a buy rating to the company. Based on data from MarketBeat, Universal Display has a consensus rating of “Moderate Buy” and a consensus price target of $190.43.

Universal Display Trading Up 6.8 %

Shares of NASDAQ:OLED opened at $157.30 on Friday. The stock has a market capitalization of $7.47 billion, a PE ratio of 33.83, a P/E/G ratio of 1.61 and a beta of 1.39. Universal Display has a 1 year low of $140.17 and a 1 year high of $237.00. The firm has a fifty day moving average price of $148.41 and a 200 day moving average price of $173.80.

Universal Display (NASDAQ:OLED) last issued its quarterly earnings data on Thursday, February 20th. The semiconductor company reported $1.22 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $1.08 by $0.14. The firm had revenue of $162.29 million during the quarter, compared to analysts’ expectations of $152.75 million. Universal Display had a net margin of 34.29% and a return on equity of 15.51%. On average, sell-side analysts forecast that Universal Display will post 4.71 earnings per share for the current fiscal year.

Institutional Inflows and Outflows

A number of large investors have recently made changes to their positions in OLED. Assetmark Inc. acquired a new position in shares of Universal Display during the third quarter valued at about $29,000. Orion Capital Management LLC acquired a new position in Universal Display in the fourth quarter worth about $29,000. Brooklyn Investment Group acquired a new position in Universal Display in the third quarter worth about $30,000. Brown Brothers Harriman & Co. raised its position in Universal Display by 280.0% in the fourth quarter. Brown Brothers Harriman & Co. now owns 209 shares of the semiconductor company’s stock worth $31,000 after purchasing an additional 154 shares in the last quarter. Finally, Nisa Investment Advisors LLC raised its position in Universal Display by 60.2% in the third quarter. Nisa Investment Advisors LLC now owns 173 shares of the semiconductor company’s stock worth $36,000 after purchasing an additional 65 shares in the last quarter. Institutional investors and hedge funds 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.