StockNews.com Upgrades Universal Display (NASDAQ:OLED) to Hold

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

OLED has been the subject of several other research reports. Oppenheimer reduced their price target 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. 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 report on Friday, February 21st. Citigroup reduced their price target 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. The Goldman Sachs Group dropped their price objective on shares of Universal Display from $234.00 to $203.00 and set a “buy” rating on the stock in a research note on Thursday, February 6th. Finally, Susquehanna dropped their price objective 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. Three research analysts have rated the stock with a hold rating and five have given a buy rating to the company. According to data from MarketBeat.com, the company currently has an average rating of “Moderate Buy” and a consensus target price of $190.43.

Universal Display Trading Down 1.9 %

OLED stock traded down $2.88 on Friday, hitting $148.50. 1,898,722 shares of the company’s stock traded hands, compared to its average volume of 489,206. The stock has a market cap of $7.05 billion, a price-to-earnings ratio of 31.94, a P/E/G ratio of 1.61 and a beta of 1.40. Universal Display has a 1-year low of $140.17 and a 1-year high of $237.00. The stock has a fifty day moving average of $149.09 and a 200-day moving average of $169.49.

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

Institutional Investors Weigh In On Universal Display

Institutional investors and hedge funds have recently modified their holdings of the business. CIBC Asset Management Inc boosted its stake in Universal Display by 5.2% during the 4th quarter. CIBC Asset Management Inc now owns 1,473 shares of the semiconductor company’s stock valued at $215,000 after purchasing an additional 73 shares during the period. CIBC Private Wealth Group LLC boosted its stake in Universal Display by 5.6% during the 4th quarter. CIBC Private Wealth Group LLC now owns 1,615 shares of the semiconductor company’s stock valued at $245,000 after purchasing an additional 85 shares during the period. Arizona State Retirement System boosted its stake in Universal Display by 0.7% during the 4th quarter. Arizona State Retirement System now owns 13,065 shares of the semiconductor company’s stock valued at $1,910,000 after purchasing an additional 88 shares during the period. Commonwealth Equity Services LLC boosted its stake in Universal Display by 0.9% during the 4th quarter. Commonwealth Equity Services LLC now owns 10,091 shares of the semiconductor company’s stock valued at $1,475,000 after purchasing an additional 90 shares during the period. Finally, Glenmede Trust Co. NA boosted its stake in 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 purchasing an additional 97 shares during the period. Institutional investors and hedge funds own 78.19% of the company’s stock.

Universal Display Company Profile

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.