Universal Display Co. (NASDAQ:OLED) Receives Average Rating of “Moderate Buy” from Analysts

Universal Display Co. (NASDAQ:OLED) has received a consensus rating of “Moderate Buy” from the seven analysts that are covering the firm, MarketBeat.com reports. Two equities research analysts have rated the stock with a hold recommendation and five have assigned a buy recommendation to the company. The average 1 year price target among analysts that have updated their coverage on the stock in the last year is $199.57.

A number of equities analysts have recently commented on OLED shares. Needham & Company LLC reissued a “buy” rating and issued a $215.00 price target on shares of Universal Display in a research report on Thursday, January 16th. Citigroup lowered their price objective on shares of Universal Display from $200.00 to $162.00 and set a “neutral” rating on the stock in a research note on Monday. The Goldman Sachs Group lowered 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. TD Cowen lowered their price objective on shares of Universal Display from $250.00 to $225.00 and set a “buy” rating on the stock in a research note on Thursday, October 31st. Finally, Oppenheimer lowered their price objective 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.

Institutional Investors Weigh In On Universal Display

Institutional investors have recently bought and sold shares of the business. Glenmede Trust Co. NA boosted its stake in Universal Display by 1.6% during the third quarter. Glenmede Trust Co. NA now owns 6,046 shares of the semiconductor company’s stock worth $1,269,000 after buying an additional 97 shares in the last quarter. BNP Paribas Financial Markets boosted its stake in Universal Display by 8.8% during the third quarter. BNP Paribas Financial Markets now owns 52,713 shares of the semiconductor company’s stock worth $11,064,000 after buying an additional 4,269 shares in the last quarter. Montanaro Asset Management Ltd boosted its stake in Universal Display by 217.4% during the third quarter. Montanaro Asset Management Ltd now owns 63,260 shares of the semiconductor company’s stock worth $13,278,000 after buying an additional 43,330 shares in the last quarter. Cerity Partners LLC boosted its stake in shares of 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 purchasing an additional 6,818 shares in the last quarter. Finally, Pacer Advisors Inc. boosted its stake in shares of 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 purchasing an additional 7,390 shares in the last quarter. Institutional investors and hedge funds own 78.19% of the company’s stock.

Universal Display Stock Up 0.9 %

NASDAQ:OLED opened at $143.71 on Friday. Universal Display has a 12 month low of $140.17 and a 12 month high of $237.00. The firm has a market cap of $6.82 billion, a price-to-earnings ratio of 28.86, a P/E/G ratio of 1.57 and a beta of 1.39. The company’s 50 day moving average is $149.91 and its 200-day moving average is $176.10.

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.