Universal Display (NASDAQ:OLED) Sets New 12-Month Low - Should You Sell?

Universal Display Co. (NASDAQ:OLED - Get Free Report)'s share price hit a new 52-week low during trading on Monday . The company traded as low as $142.15 and last traded at $145.55, with a volume of 43493 shares. The stock had previously closed at $149.92.

Wall Street Analyst Weigh In

Several research firms have issued reports on OLED. Needham & Company LLC reissued a "buy" rating and set a $215.00 price target on shares of Universal Display in a report on Thursday, January 16th. Oppenheimer cut their price objective on Universal Display from $220.00 to $200.00 and set an "outperform" rating for the company in a research note on Thursday, January 2nd. The Goldman Sachs Group decreased their target price 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. Finally, TD Cowen dropped their price target on shares of Universal Display from $250.00 to $225.00 and set a "buy" rating for the company in a research report on Thursday, October 31st. One research analyst has rated the stock with a hold rating and five have issued a buy rating to the company. According to MarketBeat, the stock has a consensus rating of "Moderate Buy" and a consensus target price of $205.83.

Universal Display Stock Performance

The company has a market capitalization of $6.84 billion, a PE ratio of 28.93, a PEG ratio of 1.64 and a beta of 1.39. The stock has a fifty day moving average of $152.20 and a 200 day moving average of $179.23.

Hedge Funds Weigh In On Universal Display

Several hedge funds have recently modified their holdings of the stock. Arizona State Retirement System increased its holdings in Universal Display by 0.7% in the 4th quarter. Arizona State Retirement System now owns 13,065 shares of the semiconductor company's stock valued at $1,910,000 after acquiring an additional 88 shares during the last quarter. NewSquare Capital LLC bought a new stake in shares of Universal Display in the fourth quarter worth about $430,000. Charles Schwab Investment Management Inc. lifted its position in shares of Universal Display by 2.1% in the fourth quarter. Charles Schwab Investment Management Inc. now owns 341,019 shares of the semiconductor company's stock worth $49,857,000 after buying an additional 7,147 shares in the last quarter. Steward Partners Investment Advisory LLC lifted its position in shares of Universal Display by 98.3% in the fourth quarter. Steward Partners Investment Advisory LLC now owns 827 shares of the semiconductor company's stock worth $121,000 after buying an additional 410 shares in the last quarter. Finally, SBI Securities Co. Ltd. bought a new position in Universal Display during the fourth quarter valued at approximately $187,000. Hedge funds and other institutional investors own 78.19% of the company's stock.

About Universal Display

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.