Universal Display Co. (NASDAQ:OLED) Receives $225.88 Average PT from Analysts

Universal Display Co. (NASDAQ:OLED - Get Free Report) has been given a consensus rating of "Moderate Buy" by the eight ratings firms that are presently covering the stock, MarketBeat Ratings reports. Two investment analysts have rated the stock with a hold recommendation and six have assigned a buy recommendation to the company. The average 12-month price objective among brokerages that have covered the stock in the last year is $225.88.

A number of brokerages have issued reports on OLED. Needham & Company LLC raised their price objective on shares of Universal Display from $198.00 to $242.00 and gave the company a "buy" rating in a research note on Tuesday, July 2nd. Oppenheimer upped their price objective on Universal Display from $200.00 to $250.00 and gave the company an "outperform" rating in a report on Wednesday, July 3rd. Susquehanna raised their target price on Universal Display from $170.00 to $175.00 and gave the stock a "neutral" rating in a report on Friday, August 2nd. Roth Mkm upped their price target on Universal Display from $189.00 to $217.00 and gave the company a "buy" rating in a research note on Friday, August 2nd. Finally, TD Cowen increased their target price on shares of Universal Display from $210.00 to $250.00 and gave the stock a "buy" rating in a report on Friday, August 2nd.

Institutional Inflows and Outflows

A number of hedge funds have recently added to or reduced their stakes in the business. ORG Partners LLC bought a new position in shares of Universal Display in the 1st quarter valued at about $27,000. V Square Quantitative Management LLC bought a new stake in shares of Universal Display during the 3rd quarter worth approximately $31,000. Nisa Investment Advisors LLC grew its stake in shares of Universal Display by 60.2% in the third quarter. Nisa Investment Advisors LLC now owns 173 shares of the semiconductor company's stock valued at $36,000 after buying an additional 65 shares in the last quarter. Geneos Wealth Management Inc. increased its holdings in Universal Display by 210.7% during the first quarter. Geneos Wealth Management Inc. now owns 233 shares of the semiconductor company's stock worth $39,000 after buying an additional 158 shares during the last quarter. Finally, Itau Unibanco Holding S.A. acquired a new stake in Universal Display in the second quarter valued at $44,000. Institutional investors own 78.19% of the company's stock.

Universal Display Trading Down 4.6 %

Shares of Universal Display stock traded down $9.83 during trading on Wednesday, reaching $204.00. The company's stock had a trading volume of 639,459 shares, compared to its average volume of 361,861. Universal Display has a one year low of $133.67 and a one year high of $237.00. The stock has a 50-day moving average price of $201.59 and a two-hundred day moving average price of $193.83. The stock has a market capitalization of $9.68 billion, a P/E ratio of 46.48, a price-to-earnings-growth ratio of 2.16 and a beta of 1.42.

Universal Display (NASDAQ:OLED - Get Free Report) last released its quarterly earnings results on Thursday, August 1st. The semiconductor company reported $1.10 EPS for the quarter, missing the consensus estimate of $1.14 by ($0.04). The company had revenue of $158.50 million for the quarter, compared to the consensus estimate of $159.46 million. Universal Display had a net margin of 35.74% and a return on equity of 15.25%. Universal Display's revenue for the quarter was up 8.1% compared to the same quarter last year. During the same period last year, the company earned $1.04 earnings per share. As a group, sell-side analysts anticipate that Universal Display will post 4.81 EPS for the current fiscal year.

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.