Wall Street Zen Downgrades Universal Display (NASDAQ:OLED) to Sell

Universal Display (NASDAQ:OLED) was downgraded by analysts at Wall Street Zen from a “hold” rating to a “sell” rating in a report issued on Saturday.

Several other analysts have also commented on OLED. Needham & Company LLC reiterated a “buy” rating and issued a $150.00 price target on shares of Universal Display in a research report on Monday, December 22nd. Zacks Research lowered Universal Display from a “strong-buy” rating to a “hold” rating in a research note on Wednesday, November 19th. Finally, Weiss Ratings reissued a “hold (c-)” rating on shares of Universal Display in a research report on Wednesday, December 24th. Three equities research analysts have rated the stock with a Buy rating and four have given a Hold rating to the company. Based on data from MarketBeat, the stock has an average rating of “Hold” and an average price target of $177.60.

Universal Display Stock Performance

OLED opened at $121.85 on Friday. The company has a market cap of $5.79 billion, a price-to-earnings ratio of 26.26, a PEG ratio of 3.28 and a beta of 1.62. Universal Display has a one year low of $103.70 and a one year high of $164.29. The business’s fifty day moving average is $123.15 and its two-hundred day moving average is $138.32.

Universal Display (NASDAQ:OLED) last released its quarterly earnings results on Thursday, November 6th. The semiconductor company reported $0.92 earnings per share (EPS) for the quarter, missing the consensus estimate of $1.19 by ($0.27). Universal Display had a return on equity of 14.10% and a net margin of 34.65%.The firm had revenue of $139.61 million for the quarter, compared to analyst estimates of $165.56 million. During the same period last year, the firm earned $1.40 EPS. The company’s quarterly revenue was down 13.6% compared to the same quarter last year. On average, analysts predict that Universal Display will post 4.71 EPS for the current fiscal year.

Institutional Inflows and Outflows

Institutional investors and hedge funds have recently modified their holdings of the stock. Rise Advisors LLC boosted its position in shares of Universal Display by 87.9% in the first quarter. Rise Advisors LLC now owns 186 shares of the semiconductor company’s stock worth $26,000 after acquiring an additional 87 shares during the last quarter. Whittier Trust Co. acquired a new position in shares of Universal Display in the 2nd quarter valued at $30,000. Smartleaf Asset Management LLC grew its stake in shares of Universal Display by 309.8% during the 3rd quarter. Smartleaf Asset Management LLC now owns 209 shares of the semiconductor company’s stock valued at $30,000 after buying an additional 158 shares during the period. Parkside Financial Bank & Trust increased its holdings in shares of Universal Display by 236.7% during the 2nd quarter. Parkside Financial Bank & Trust now owns 202 shares of the semiconductor company’s stock worth $31,000 after buying an additional 142 shares during the last quarter. Finally, Measured Wealth Private Client Group LLC purchased a new position in shares of Universal Display in the 3rd quarter worth $33,000. Institutional investors and hedge funds own 78.19% of the company’s stock.

Universal Display Company Profile

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.