Universal Display (NASDAQ:OLED) Price Target Lowered to $203.00 at The Goldman Sachs Group

Universal Display (NASDAQ:OLED - Get Free Report) had its target price lowered by equities researchers at The Goldman Sachs Group from $234.00 to $203.00 in a note issued to investors on Thursday,Benzinga reports. The firm presently has a "buy" rating on the semiconductor company's stock. The Goldman Sachs Group's target price would suggest a potential upside of 42.15% from the stock's previous close.

OLED has been the topic of several other research reports. Needham & Company LLC restated a "buy" rating and set a $215.00 target price on shares of Universal Display in a research report on Thursday, January 16th. Oppenheimer dropped their price objective on Universal Display from $220.00 to $200.00 and set an "outperform" rating on the stock in a report on Thursday, January 2nd. Finally, TD Cowen reduced their target price on Universal Display from $250.00 to $225.00 and set a "buy" rating for the company in a report on Thursday, October 31st. Two analysts have rated the stock with a hold rating and five have assigned a buy rating to the stock. According to data from MarketBeat, Universal Display currently has a consensus rating of "Moderate Buy" and a consensus target price of $199.57.

Universal Display Trading Down 0.0 %

Shares of NASDAQ OLED traded down $0.02 during midday trading on Thursday, hitting $142.81. The company's stock had a trading volume of 216,711 shares, compared to its average volume of 686,704. The firm has a market capitalization of $6.78 billion, a price-to-earnings ratio of 28.68, a P/E/G ratio of 1.57 and a beta of 1.39. The stock has a fifty day moving average price of $151.43 and a 200 day moving average price of $177.73. Universal Display has a one year low of $141.41 and a one year high of $237.00.

Institutional Trading of Universal Display

Several hedge funds have recently added to or reduced their stakes in OLED. Glenmede Trust Co. NA raised its holdings 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 buying an additional 97 shares during the last quarter. BNP Paribas Financial Markets raised its stake 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 valued at $11,064,000 after acquiring an additional 4,269 shares during the last quarter. Montanaro Asset Management Ltd boosted its holdings in shares of 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 purchasing an additional 43,330 shares during the period. Cerity Partners LLC grew its stake in shares of Universal Display by 385.2% in the third quarter. Cerity Partners LLC now owns 8,588 shares of the semiconductor company's stock worth $1,803,000 after purchasing an additional 6,818 shares during the last quarter. Finally, Pacer Advisors Inc. grew its stake in shares of Universal Display by 37.2% in the fourth quarter. Pacer Advisors Inc. now owns 27,246 shares of the semiconductor company's stock worth $3,983,000 after purchasing an additional 7,390 shares during the last quarter. 78.19% of the stock is owned by institutional investors.

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.