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

Universal Display (NASDAQ:OLED) was upgraded by Wall Street Zen from a “sell” rating to a “hold” rating in a research report issued to clients and investors on Friday.

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

Universal Display Stock Performance

Shares of OLED stock opened at $120.10 on Friday. Universal Display has a fifty-two week low of $103.70 and a fifty-two week high of $164.29. The stock’s fifty day moving average price is $118.91 and its two-hundred day moving average price is $134.75. The company has a market cap of $5.71 billion, a PE ratio of 25.88, a P/E/G ratio of 3.34 and a beta of 1.62.

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

Institutional Investors Weigh In On Universal Display

Large investors have recently added to or reduced their stakes in the company. Farther Finance Advisors LLC raised its holdings in Universal Display by 93.7% during the 4th quarter. Farther Finance Advisors LLC now owns 680 shares of the semiconductor company’s stock valued at $79,000 after acquiring an additional 329 shares during the period. Deprince Race & Zollo Inc. raised its stake in shares of Universal Display by 86.6% during the 4th quarter. Deprince Race & Zollo Inc. now owns 428,335 shares of the semiconductor company’s stock valued at $50,021,000 after purchasing an additional 198,845 shares during the period. U.S. Capital Wealth Advisors LLC lifted its holdings in Universal Display by 2.8% during the 4th quarter. U.S. Capital Wealth Advisors LLC now owns 3,869 shares of the semiconductor company’s stock worth $452,000 after purchasing an additional 107 shares in the last quarter. Cambiar Investors LLC lifted its holdings in Universal Display by 25.4% during the 4th quarter. Cambiar Investors LLC now owns 13,360 shares of the semiconductor company’s stock worth $1,560,000 after purchasing an additional 2,705 shares in the last quarter. Finally, Personal CFO Solutions LLC boosted its stake in Universal Display by 14.0% in the 4th quarter. Personal CFO Solutions LLC now owns 1,937 shares of the semiconductor company’s stock worth $226,000 after purchasing an additional 238 shares during the period. Hedge funds and other 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.