Universal Display Corporation (NASDAQ:OLED) Receives Average Rating of “Hold” from Brokerages

Shares of Universal Display Corporation (NASDAQ:OLED) have received an average rating of “Hold” from the six ratings firms that are covering the stock, Marketbeat reports. Four analysts have rated the stock with a hold rating and two have given a buy rating to the company. The average twelve-month target price among brokers that have covered the stock in the last year is $163.25.

OLED has been the topic of several research reports. Citigroup decreased their price target on shares of Universal Display from $150.00 to $130.00 and set a “neutral” rating on the stock in a research note on Tuesday, January 27th. Zacks Research cut shares of Universal Display from a “strong-buy” rating to a “hold” rating in a research report on Wednesday, November 19th. Needham & Company LLC reissued a “buy” rating and issued a $150.00 price target on shares of Universal Display in a research note on Monday, December 22nd. Wall Street Zen cut Universal Display from a “hold” rating to a “sell” rating in a research note on Saturday. Finally, Weiss Ratings reissued a “hold (c-)” rating on shares of Universal Display in a research note on Wednesday, December 24th.

Institutional Inflows and Outflows

Hedge funds have recently made changes to their positions in the company. HM Payson & Co. grew its holdings in Universal Display by 10.7% in the 3rd quarter. HM Payson & Co. now owns 734 shares of the semiconductor company’s stock worth $105,000 after acquiring an additional 71 shares during the last quarter. Farther Finance Advisors LLC boosted its holdings in shares of Universal Display by 27.2% during the third quarter. Farther Finance Advisors LLC now owns 351 shares of the semiconductor company’s stock worth $50,000 after purchasing an additional 75 shares during the period. Wealth Alliance LLC grew its stake in shares of Universal Display by 4.0% in the second quarter. Wealth Alliance LLC now owns 2,186 shares of the semiconductor company’s stock worth $338,000 after purchasing an additional 85 shares during the last quarter. Lido Advisors LLC increased its holdings in Universal Display by 1.7% during the 3rd quarter. Lido Advisors LLC now owns 5,783 shares of the semiconductor company’s stock valued at $831,000 after purchasing an additional 95 shares during the period. Finally, Sigma Planning Corp increased its holdings in Universal Display by 1.0% during the 4th quarter. Sigma Planning Corp now owns 10,390 shares of the semiconductor company’s stock valued at $1,210,000 after purchasing an additional 103 shares during the period. 78.19% of the stock is owned by hedge funds and other institutional investors.

Universal Display Trading Down 1.5%

OLED opened at $124.90 on Tuesday. The stock has a market capitalization of $5.94 billion, a P/E ratio of 26.92, a PEG ratio of 3.51 and a beta of 1.63. The stock has a 50-day moving average price of $120.24 and a 200-day moving average price of $131.06. Universal Display has a 12-month low of $103.70 and a 12-month high of $164.29.

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.