Universal Display (NASDAQ:OLED) Raised to “Hold” at StockNews.com

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

OLED has been the subject of several other research reports. Needham & Company LLC dropped their price objective on shares of Universal Display from $215.00 to $170.00 and set a “buy” rating for the company in a report on Friday, February 21st. Susquehanna cut their target price on shares of Universal Display from $165.00 to $160.00 and set a “neutral” rating on the stock in a research report on Friday, February 21st. The Goldman Sachs Group decreased their price objective on Universal Display from $234.00 to $203.00 and set a “buy” rating for the company in a research note on Thursday, February 6th. Oppenheimer decreased their price target on shares of Universal Display from $220.00 to $200.00 and set an “outperform” rating for the company in a report on Thursday, January 2nd. Finally, Citigroup cut their price objective on Universal Display from $200.00 to $162.00 and set a “neutral” rating on the stock in a report on Monday, February 10th. Three research analysts have rated the stock with a hold rating and five have given a buy rating to the company’s stock. According to data from MarketBeat, the company currently has a consensus rating of “Moderate Buy” and an average target price of $190.43.

Universal Display Price Performance

NASDAQ:OLED opened at $148.50 on Friday. The stock has a market cap of $7.05 billion, a P/E ratio of 31.94, a PEG ratio of 1.61 and a beta of 1.40. The company has a fifty day moving average price of $149.09 and a 200 day moving average price of $169.40. Universal Display has a one year low of $140.17 and a one year high of $237.00.

Universal Display (NASDAQ:OLED) last issued its earnings results on Thursday, February 20th. The semiconductor company reported $1.22 EPS for the quarter, beating analysts’ consensus estimates of $1.08 by $0.14. Universal Display had a return on equity of 15.51% and a net margin of 34.29%. The business had revenue of $162.29 million during the quarter, compared to analyst estimates of $152.75 million. As a group, equities research analysts anticipate that Universal Display will post 4.71 EPS for the current year.

Institutional Trading of Universal Display

Several institutional investors and hedge funds have recently bought and sold shares of the stock. CIBC Asset Management Inc raised its stake in shares of Universal Display by 5.2% during the 4th quarter. CIBC Asset Management Inc now owns 1,473 shares of the semiconductor company’s stock worth $215,000 after purchasing an additional 73 shares in the last quarter. CIBC Private Wealth Group LLC increased its holdings in Universal Display by 5.6% during the fourth quarter. CIBC Private Wealth Group LLC now owns 1,615 shares of the semiconductor company’s stock worth $245,000 after buying an additional 85 shares during the last quarter. Arizona State Retirement System raised its position in Universal Display by 0.7% during the fourth quarter. Arizona State Retirement System now owns 13,065 shares of the semiconductor company’s stock worth $1,910,000 after acquiring an additional 88 shares in the last quarter. Commonwealth Equity Services LLC lifted its stake in Universal Display by 0.9% in the fourth quarter. Commonwealth Equity Services LLC now owns 10,091 shares of the semiconductor company’s stock valued at $1,475,000 after acquiring an additional 90 shares during the last quarter. Finally, Glenmede Trust Co. NA lifted its stake in Universal Display by 1.6% in the third quarter. Glenmede Trust Co. NA now owns 6,046 shares of the semiconductor company’s stock valued at $1,269,000 after acquiring an additional 97 shares during the last quarter. 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.