Universal Display (NASDAQ:OLED) Stock Rating Upgraded by Wall Street Zen

Universal Display (NASDAQ:OLED) was upgraded by analysts at Wall Street Zen from a “sell” rating to a “hold” rating in a note issued to investors on Sunday.

A number of other research analysts have also recently commented on the stock. Zacks Research cut shares of Universal Display from a “strong-buy” rating to a “hold” rating in a research note on Wednesday, November 19th. Weiss Ratings reissued a “hold (c-)” rating on shares of Universal Display in a report on Wednesday, December 24th. Citigroup decreased their price target on Universal Display from $150.00 to $130.00 and set a “neutral” rating on the stock in a research note on Tuesday, January 27th. Roth Mkm reiterated a “buy” rating and issued a $180.00 price target on shares of Universal Display in a research report on Friday. Finally, Needham & Company LLC cut their price objective on Universal Display from $150.00 to $145.00 and set a “buy” rating for the company in a report on Friday. Two investment analysts have rated the stock with a Buy rating and three have issued a Hold rating to the company’s stock. According to data from MarketBeat, the stock currently has a consensus rating of “Hold” and an average price target of $151.67.

Universal Display Price Performance

OLED opened at $102.09 on Friday. The company has a market capitalization of $4.81 billion, a P/E ratio of 20.14, a P/E/G ratio of 2.96 and a beta of 1.63. The firm’s fifty day moving average price is $119.44 and its two-hundred day moving average price is $130.05. Universal Display has a fifty-two week low of $99.65 and a fifty-two week high of $164.29.

Universal Display (NASDAQ:OLED) last released its quarterly earnings data on Thursday, February 19th. The semiconductor company reported $1.39 EPS for the quarter, topping analysts’ consensus estimates of $1.28 by $0.11. Universal Display had a net margin of 37.21% and a return on equity of 14.07%. The company had revenue of $172.93 million during the quarter, compared to the consensus estimate of $173.35 million. During the same period last year, the firm earned $1.22 EPS. The firm’s revenue for the quarter was up 6.5% compared to the same quarter last year. On average, equities research analysts expect that Universal Display will post 4.71 EPS for the current fiscal year.

Institutional Trading of Universal Display

Several large investors have recently made changes to their positions in the business. Smartleaf Asset Management LLC lifted its position in shares of Universal Display by 309.8% during the third quarter. Smartleaf Asset Management LLC now owns 209 shares of the semiconductor company’s stock worth $30,000 after purchasing an additional 158 shares in the last quarter. Parkside Financial Bank & Trust raised its position in Universal Display by 236.7% in the 2nd quarter. Parkside Financial Bank & Trust now owns 202 shares of the semiconductor company’s stock worth $31,000 after purchasing an additional 142 shares during the last quarter. Measured Wealth Private Client Group LLC bought a new position in Universal Display in the 3rd quarter worth approximately $33,000. Pilgrim Partners Asia Pte Ltd acquired a new position in Universal Display during the 3rd quarter worth $37,000. Finally, Atlantic Union Bankshares Corp bought a new position in Universal Display in the 2nd quarter valued at $39,000. Institutional investors own 78.19% of the company’s stock.

About Universal Display

Universal Display Corporation (NASDAQ: OLED) is a technology company specializing in organic light-emitting diode (OLED) solutions. The company develops and commercializes materials, technologies and software used in the creation of OLED displays and lighting. Its offerings include proprietary phosphorescent OLED (PHOLED) materials, display driver integrated circuits and process technologies that enable higher efficiency, longer lifetimes and improved color performance for a range of display and lighting applications.

Universal Display’s core business is licensing its extensive OLED patent portfolio to display manufacturers and providing them with the key organic materials needed for device fabrication.