Universal Display (NASDAQ:OLED) Price Target Cut to $203.00 by Analysts at The Goldman Sachs Group

Universal Display (NASDAQ:OLED) had its target price cut by research analysts at The Goldman Sachs Group from $234.00 to $203.00 in a research note issued to investors on Thursday,Benzinga reports. The firm currently has a “buy” rating on the semiconductor company’s stock. The Goldman Sachs Group’s price target would suggest a potential upside of 42.13% from the company’s previous close.

Several other brokerages also recently weighed in on OLED. Needham & Company LLC reiterated a “buy” rating and issued a $215.00 price target on shares of Universal Display in a report on Thursday, January 16th. Oppenheimer cut their price target on shares of Universal Display from $220.00 to $200.00 and set an “outperform” rating on the stock in a report on Thursday, January 2nd. Finally, TD Cowen cut their price target on shares of Universal Display from $250.00 to $225.00 and set a “buy” rating on the stock in a report on Thursday, October 31st. One research analyst has rated the stock with a hold rating and five have issued a buy rating to the company’s stock. According to data from MarketBeat, the company has a consensus rating of “Moderate Buy” and a consensus price target of $205.83.

Universal Display Stock Down 0.9 %

OLED opened at $142.83 on Thursday. Universal Display has a 52-week low of $141.56 and a 52-week high of $237.00. The company has a market cap of $6.78 billion, a P/E ratio of 28.68, a price-to-earnings-growth ratio of 1.64 and a beta of 1.39. The firm’s 50-day moving average price is $151.43 and its 200-day moving average price is $178.42.

Institutional Inflows and Outflows

Institutional investors and hedge funds have recently modified their holdings of the company. Glenmede Trust Co. NA boosted its position in shares of Universal Display by 1.6% during the 3rd 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. BNP Paribas Financial Markets boosted its position in shares of Universal Display by 8.8% during the 3rd quarter. BNP Paribas Financial Markets now owns 52,713 shares of the semiconductor company’s stock valued at $11,064,000 after acquiring an additional 4,269 shares during the last quarter. Montanaro Asset Management Ltd boosted its position in shares of 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 acquiring an additional 43,330 shares during the last quarter. Cerity Partners LLC raised its holdings in Universal Display by 385.2% in the 3rd quarter. Cerity Partners LLC now owns 8,588 shares of the semiconductor company’s stock valued at $1,803,000 after buying an additional 6,818 shares during the period. Finally, Pacer Advisors Inc. raised its holdings in Universal Display by 37.2% in the 4th quarter. Pacer Advisors Inc. now owns 27,246 shares of the semiconductor company’s stock valued at $3,983,000 after buying an additional 7,390 shares during the period. 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.