Shares of Universal Display Corp. (NASDAQ:OLED) have earned a consensus recommendation of “Hold” from the nine ratings firms that are presently covering the stock. One analyst has rated the stock with a sell recommendation, five have given a hold recommendation and three have issued a buy recommendation on the company. The average 1-year target price among analysts that have updated their coverage on the stock in the last year is $67.00.

Several research analysts recently commented on OLED shares. Canaccord Genuity decreased their target price on shares of Universal Display Corp. from $51.00 to $49.00 and set a “hold” rating on the stock in a research note on Monday, November 7th. Zacks Investment Research downgraded shares of Universal Display Corp. from a “hold” rating to a “strong sell” rating in a research note on Wednesday, October 19th. Needham & Company LLC downgraded shares of Universal Display Corp. from a “buy” rating to a “hold” rating in a research note on Friday, August 5th. Oppenheimer Holdings Inc. reaffirmed a “market perform” rating on shares of Universal Display Corp. in a research note on Monday, November 7th. Finally, TheStreet raised shares of Universal Display Corp. from a “hold” rating to a “buy” rating in a research note on Wednesday, August 10th.

In other news, Director Leonard Becker sold 5,000 shares of the business’s stock in a transaction on Monday, September 19th. The shares were sold at an average price of $61.11, for a total transaction of $305,550.00. Following the sale, the director now owns 19,650 shares in the company, valued at approximately $1,200,811.50. The sale was disclosed in a document filed with the SEC, which is accessible through this link. Also, VP Janice K. Mahon sold 10,584 shares of the business’s stock in a transaction on Friday, November 11th. The shares were sold at an average price of $60.05, for a total transaction of $635,569.20. The disclosure for this sale can be found here. Company insiders own 5.70% of the company’s stock.

Hedge funds have recently made changes to their positions in the stock. BlackRock Inc. boosted its stake in shares of Universal Display Corp. by 66.6% in the first quarter. BlackRock Inc. now owns 2,993 shares of the company’s stock worth $162,000 after buying an additional 1,197 shares during the period. State Street Corp boosted its stake in shares of Universal Display Corp. by 2.1% in the first quarter. State Street Corp now owns 672,357 shares of the company’s stock worth $36,372,000 after buying an additional 13,941 shares during the period. Pictet Asset Management Ltd. acquired a new stake in shares of Universal Display Corp. during the first quarter worth approximately $171,000. Geode Capital Management LLC boosted its stake in shares of Universal Display Corp. by 4.5% in the first quarter. Geode Capital Management LLC now owns 290,942 shares of the company’s stock worth $15,739,000 after buying an additional 12,527 shares during the period. Finally, Renaissance Technologies LLC boosted its stake in shares of Universal Display Corp. by 6.7% in the first quarter. Renaissance Technologies LLC now owns 283,912 shares of the company’s stock worth $15,360,000 after buying an additional 17,873 shares during the period. Hedge funds and other institutional investors own 65.66% of the company’s stock.

Universal Display Corp. (NASDAQ:OLED) opened at 60.55 on Friday. Universal Display Corp. has a 1-year low of $40.44 and a 1-year high of $74.39. The company has a market capitalization of $2.84 billion, a price-to-earnings ratio of 72.69 and a beta of 1.35. The firm has a 50 day moving average of $53.16 and a 200-day moving average of $60.88.

Universal Display Corp. (NASDAQ:OLED) last posted its quarterly earnings results on Thursday, November 3rd. The company reported ($0.03) EPS for the quarter, topping the consensus estimate of ($0.04) by $0.01. The firm had revenue of $30.20 million for the quarter, compared to the consensus estimate of $32.95 million. Universal Display Corp. had a net margin of 21.61% and a return on equity of 8.37%. The business’s revenue was down 23.4% compared to the same quarter last year. During the same period last year, the firm posted $0.15 earnings per share. On average, equities research analysts anticipate that Universal Display Corp. will post $0.89 earnings per share for the current fiscal year.

About Universal Display Corp.

Universal Display Corporation is engaged in the research, development and commercialization of organic light emitting diode (OLED), technologies and materials for use in displays for wearables, smartphones, tablets and televisions, as well as solid-state lighting applications. The Company’s flat panel displays are used for various portable consumer electronics products, such as mobile phones, wearables, portable media devices, digital cameras, tablets and notebook computers.

5 Day Chart for NASDAQ:OLED

Receive News & Stock Ratings for Universal Display Corp. Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Universal Display Corp. and related stocks with our FREE daily email newsletter.