Universal Display (NASDAQ:OLED) Rating Lowered to Sell at StockNews.com

Universal Display (NASDAQ:OLED) was downgraded by equities research analysts at StockNews.com from a “hold” rating to a “sell” rating in a research report issued on Friday.

OLED has been the subject of a number of other reports. The Goldman Sachs Group reduced 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. Susquehanna dropped their price target on shares of Universal Display from $165.00 to $160.00 and set a “neutral” rating on the stock in a research note on Friday, February 21st. Needham & Company LLC dropped their price target on shares of Universal Display from $215.00 to $170.00 and set a “buy” rating on the stock in a research note on Friday, February 21st. Oppenheimer dropped their price target 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. Finally, Roth Mkm upped their price target on shares of Universal Display from $207.00 to $213.00 and gave the company a “buy” rating in a research note on Friday, February 21st. One equities research analyst has rated the stock with a sell rating, two have assigned a hold rating and five have given a buy rating to the company’s stock. Based on data from MarketBeat.com, the stock currently has an average rating of “Moderate Buy” and a consensus price target of $190.43.

Universal Display Stock Up 6.4 %

Universal Display stock opened at $159.74 on Friday. Universal Display has a twelve month low of $140.17 and a twelve month high of $237.00. The firm has a 50 day moving average price of $148.72 and a 200-day moving average price of $172.09. The company has a market capitalization of $7.58 billion, a P/E ratio of 34.35, a P/E/G ratio of 1.61 and a beta of 1.40.

Universal Display (NASDAQ:OLED) last released its earnings results on Thursday, February 20th. The semiconductor company reported $1.22 earnings per share for the quarter, beating analysts’ consensus estimates of $1.08 by $0.14. Universal Display had a net margin of 34.29% and a return on equity of 15.51%. The firm had revenue of $162.29 million during the quarter, compared to the consensus estimate of $152.75 million. Equities analysts expect that Universal Display will post 4.71 EPS for the current fiscal year.

Institutional Trading of Universal Display

Several institutional investors and hedge funds have recently made changes to their positions in OLED. Norges Bank purchased a new stake in shares of Universal Display during the 4th quarter valued at $95,924,000. Raymond James Financial Inc. purchased a new stake in shares of Universal Display during the 4th quarter valued at $41,504,000. Point72 Asset Management L.P. purchased a new stake in shares of Universal Display during the 4th quarter valued at $38,981,000. Jennison Associates LLC raised its position in shares of Universal Display by 58.2% during the 4th quarter. Jennison Associates LLC now owns 683,822 shares of the semiconductor company’s stock valued at $99,975,000 after buying an additional 251,557 shares in the last quarter. Finally, Citigroup Inc. raised its position in shares of Universal Display by 1,387.6% during the 3rd quarter. Citigroup Inc. now owns 261,723 shares of the semiconductor company’s stock valued at $54,936,000 after buying an additional 244,129 shares in 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.