Universal Display Co. (NASDAQ:OLED) was downgraded by Zacks Investment Research from a “buy” rating to a “hold” rating in a report issued on Tuesday.

According to Zacks, “Universal Display Corporation is located in the Princeton Crossroads Corporate Center in Ewing, New Jersey, minutes away from its research partner at Princeton University. Universal Display’s state-of-the-art facility is designed to further technology and materials development, technology transfer to manufacturing partners and work with customers to develop OLED products that meet their needs. “

OLED has been the topic of several other research reports. Needham & Company LLC reaffirmed a “hold” rating on shares of Universal Display in a research note on Wednesday, February 22nd. Susquehanna Bancshares Inc lifted their price target on shares of Universal Display from $100.00 to $105.00 and gave the stock a “positive” rating in a research note on Friday, February 24th. Cowen and Company reaffirmed an “outperform” rating and set a $75.00 price target on shares of Universal Display in a research note on Thursday, February 16th. Canaccord Genuity lifted their price target on shares of Universal Display from $49.00 to $65.00 and gave the stock a “hold” rating in a research note on Friday, February 24th. Finally, TheStreet raised shares of Universal Display from a “c+” rating to a “b” rating in a research note on Thursday, February 23rd. Four investment analysts have rated the stock with a hold rating and four have given a buy rating to the stock. The company has an average rating of “Buy” and a consensus target price of $81.57.

Analyst Recommendations for Universal Display (NASDAQ:OLED)

Universal Display (NASDAQ:OLED) opened at 85.25 on Tuesday. The firm has a market cap of $4.01 billion, a P/E ratio of 83.58 and a beta of 1.27. The firm has a 50-day moving average of $74.56 and a 200 day moving average of $61.13. Universal Display has a 1-year low of $47.88 and a 1-year high of $88.50.

Universal Display (NASDAQ:OLED) last released its quarterly earnings results on Thursday, February 23rd. The company reported $0.55 earnings per share (EPS) for the quarter, topping the Thomson Reuters’ consensus estimate of $0.42 by $0.13. Universal Display had a net margin of 21.61% and a return on equity of 8.37%. The firm had revenue of $74.60 million for the quarter, compared to the consensus estimate of $68.60 million. During the same quarter in the previous year, the firm posted $0.39 EPS. The firm’s quarterly revenue was up 19.7% on a year-over-year basis. On average, analysts predict that Universal Display will post $1.42 EPS for the current year.

The company also recently declared a special dividend, which will be paid on Friday, March 31st. Investors of record on Wednesday, March 15th will be paid a dividend of $0.03 per share. The ex-dividend date of this dividend is Monday, March 13th.

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In other news, insider Julia J. Brown sold 47,192 shares of the business’s stock in a transaction dated Friday, February 24th. The shares were sold at an average price of $74.00, for a total value of $3,492,208.00. Following the completion of the sale, the insider now owns 217,848 shares of the company’s stock, valued at approximately $16,120,752. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. Also, Director Leonard Becker sold 5,000 shares of the business’s stock in a transaction dated Thursday, March 9th. The stock was sold at an average price of $82.20, for a total transaction of $411,000.00. Following the completion of the sale, the director now directly owns 17,500 shares of the company’s stock, valued at approximately $1,438,500. The disclosure for this sale can be found here. Insiders own 5.70% of the company’s stock.

Several large investors have recently added to or reduced their stakes in the company. Parallel Advisors LLC bought a new stake in Universal Display during the fourth quarter valued at $150,000. Zurcher Kantonalbank Zurich Cantonalbank increased its stake in Universal Display by 4.2% in the third quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 4,029 shares of the company’s stock valued at $224,000 after buying an additional 164 shares during the last quarter. Usca Ria LLC bought a new stake in Universal Display during the third quarter valued at $239,000. Guggenheim Capital LLC increased its stake in Universal Display by 16.7% in the fourth quarter. Guggenheim Capital LLC now owns 4,827 shares of the company’s stock valued at $272,000 after buying an additional 690 shares during the last quarter. Finally, Great West Life Assurance Co. Can increased its stake in Universal Display by 31.5% in the third quarter. Great West Life Assurance Co. Can now owns 5,248 shares of the company’s stock valued at $291,000 after buying an additional 1,258 shares during the last quarter. 67.82% of the stock is owned by institutional investors.

Universal Display Company Profile

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

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