Susquehanna Issues Pessimistic Forecast for Universal Display (NASDAQ:OLED) Stock Price

Universal Display (NASDAQ:OLED) had its target price lowered by equities research analysts at Susquehanna from $165.00 to $160.00 in a note issued to investors on Friday,Benzinga reports. The brokerage currently has a “neutral” rating on the semiconductor company’s stock. Susquehanna’s price target would indicate a potential upside of 1.30% from the company’s previous close.

A number of other brokerages have also commented on OLED. Oppenheimer cut their price target on Universal Display from $220.00 to $200.00 and set an “outperform” rating on the stock in a research note on Thursday, January 2nd. TD Cowen cut their price target on Universal Display from $250.00 to $225.00 and set a “buy” rating on the stock in a research note on Thursday, October 31st. Needham & Company LLC cut their price target on Universal Display from $215.00 to $170.00 and set a “buy” rating on the stock in a research note on Friday. Citigroup cut their price target on Universal Display from $200.00 to $162.00 and set a “neutral” rating on the stock in a research note on Monday, February 10th. Finally, The Goldman Sachs Group cut their price target on Universal Display from $234.00 to $203.00 and set a “buy” rating on the stock in a research note on Thursday, February 6th. Two analysts have rated the stock with a hold rating and five have given a buy rating to the company. According to MarketBeat, the stock currently has a consensus rating of “Moderate Buy” and a consensus price target of $191.00.

Universal Display Stock Performance

Shares of NASDAQ OLED traded up $10.61 during mid-day trading on Friday, reaching $157.95. The company had a trading volume of 272,607 shares, compared to its average volume of 669,251. Universal Display has a one year low of $140.17 and a one year high of $237.00. The firm has a market cap of $7.50 billion, a price-to-earnings ratio of 31.71, a PEG ratio of 1.60 and a beta of 1.39. The business’s 50-day simple moving average is $148.52 and its 200 day simple moving average is $173.82.

Universal Display (NASDAQ:OLED) last released its quarterly earnings data on Thursday, February 20th. The semiconductor company reported $1.22 earnings per share for the quarter, beating the consensus estimate of $1.08 by $0.14. The business had revenue of $162.29 million for the quarter, compared to analyst estimates of $152.75 million. Universal Display had a return on equity of 15.75% and a net margin of 36.98%. On average, sell-side analysts anticipate that Universal Display will post 4.77 EPS for the current year.

Hedge Funds Weigh In On Universal Display

A number of hedge funds and other institutional investors have recently made changes to their positions in OLED. Creative Planning lifted its stake in shares of Universal Display by 16.1% in the third quarter. Creative Planning now owns 15,406 shares of the semiconductor company’s stock worth $3,234,000 after acquiring an additional 2,132 shares during the period. Whittier Trust Co. of Nevada Inc. increased its holdings in shares of Universal Display by 240.0% during the third quarter. Whittier Trust Co. of Nevada Inc. now owns 340 shares of the semiconductor company’s stock valued at $71,000 after acquiring an additional 240 shares in the last quarter. International Assets Investment Management LLC bought a new stake in shares of Universal Display during the third quarter valued at approximately $6,785,000. PFG Investments LLC boosted its position in shares of Universal Display by 14.5% during the third quarter. PFG Investments LLC now owns 13,370 shares of the semiconductor company’s stock valued at $2,806,000 after buying an additional 1,690 shares during the last quarter. Finally, State of Alaska Department of Revenue boosted its position in shares of Universal Display by 7.3% during the third quarter. State of Alaska Department of Revenue now owns 5,072 shares of the semiconductor company’s stock valued at $1,064,000 after buying an additional 345 shares during the last quarter. 78.19% of the stock is owned by institutional investors and hedge funds.

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.