Universal Display (NASDAQ:OLED) Upgraded by StockNews.com to "Hold" Rating

Universal Display (NASDAQ:OLED - Get Free Report) was upgraded by equities researchers at StockNews.com from a "sell" rating to a "hold" rating in a note issued to investors on Friday.

A number of other equities research analysts have also recently issued reports on the stock. Citigroup dropped their target price on shares of Universal Display from $200.00 to $162.00 and set a "neutral" rating on the stock in a report on Monday, February 10th. Needham & Company LLC decreased their price objective on shares of Universal Display from $215.00 to $170.00 and set a "buy" rating on the stock in a report on Friday, February 21st. Susquehanna decreased their target price on Universal Display from $165.00 to $160.00 and set a "neutral" rating on the stock in a research report on Friday, February 21st. Oppenheimer lowered their price target on shares of Universal Display from $220.00 to $200.00 and set an "outperform" rating on the stock in a research report on Thursday, January 2nd. Finally, The Goldman Sachs Group lowered their price objective 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. Three equities research analysts have rated the stock with a hold rating and five have assigned a buy rating to the company's stock. Based on data from MarketBeat.com, the stock currently has a consensus rating of "Moderate Buy" and a consensus price target of $190.43.

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Universal Display Price Performance

Shares of Universal Display stock traded down $1.24 on Friday, hitting $152.30. The company had a trading volume of 507,427 shares, compared to its average volume of 490,298. Universal Display has a twelve month low of $140.17 and a twelve month high of $237.00. The stock has a 50-day moving average of $149.39 and a 200-day moving average of $168.82. The firm has a market capitalization of $7.23 billion, a P/E ratio of 32.75, a P/E/G ratio of 1.61 and a beta of 1.40.

Universal Display (NASDAQ:OLED - Get Free Report) last released its 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. Universal Display had a return on equity of 15.51% and a net margin of 34.29%. The firm had revenue of $162.29 million for the quarter, compared to analysts' expectations of $152.75 million. Equities analysts predict that Universal Display will post 4.71 EPS for the current year.

Institutional Inflows and Outflows

Institutional investors have recently modified their holdings of the stock. Glenmede Trust Co. NA grew its position 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 worth $1,269,000 after acquiring an additional 97 shares during the last quarter. BNP Paribas Financial Markets grew its holdings in shares of 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 purchasing an additional 4,269 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 last quarter. Pacer Advisors Inc. boosted its position in Universal Display by 37.2% during the 4th quarter. Pacer Advisors Inc. now owns 27,246 shares of the semiconductor company's stock worth $3,983,000 after buying an additional 7,390 shares during the period. Finally, Stifel Financial Corp grew its holdings in Universal Display by 200.0% during the 3rd quarter. Stifel Financial Corp now owns 120,234 shares of the semiconductor company's stock worth $25,237,000 after acquiring an additional 80,162 shares during the last quarter. 78.19% of the stock is currently owned by institutional investors and hedge funds.

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.