Universal Display Co. (NASDAQ:OLED) Given Consensus Rating of “Moderate Buy” by Analysts

Shares of Universal Display Co. (NASDAQ:OLED) have received an average rating of “Moderate Buy” from the seven research firms that are currently covering the stock, MarketBeat Ratings reports. Two investment analysts have rated the stock with a hold rating and five have given a buy rating to the company. The average 1-year price objective among brokerages that have updated their coverage on the stock in the last year is $199.57.

Several equities analysts have recently weighed in on OLED shares. Citigroup reduced their price objective on shares of Universal Display from $200.00 to $162.00 and set a “neutral” rating for the company in a research report on Monday. Oppenheimer reduced their price objective on shares of Universal Display from $220.00 to $200.00 and set an “outperform” rating for the company in a research report on Thursday, January 2nd. TD Cowen reduced their price objective on shares of Universal Display from $250.00 to $225.00 and set a “buy” rating for the company in a research report on Thursday, October 31st. Needham & Company LLC restated a “buy” rating and set a $215.00 price objective on shares of Universal Display in a research report on Thursday, January 16th. Finally, The Goldman Sachs Group reduced their price objective on shares of Universal Display from $234.00 to $203.00 and set a “buy” rating for the company in a research report on Thursday, February 6th.

Universal Display Trading Up 0.9 %

Universal Display stock opened at $143.71 on Friday. The stock has a market cap of $6.82 billion, a price-to-earnings ratio of 28.86, a PEG ratio of 1.57 and a beta of 1.39. The company’s 50-day moving average price is $149.91 and its two-hundred day moving average price is $176.10. Universal Display has a 52 week low of $140.17 and a 52 week high of $237.00.

Institutional Inflows and Outflows

Several hedge funds and other institutional investors have recently made changes to their positions in OLED. Park Avenue Securities LLC lifted its position in shares of Universal Display by 33.1% in the third quarter. Park Avenue Securities LLC now owns 1,437 shares of the semiconductor company’s stock worth $302,000 after purchasing an additional 357 shares in the last quarter. GAMMA Investing LLC raised its position in Universal Display by 80.2% during the third quarter. GAMMA Investing LLC now owns 926 shares of the semiconductor company’s stock valued at $194,000 after acquiring an additional 412 shares in the last quarter. CWM LLC raised its position in Universal Display by 390.9% during the third quarter. CWM LLC now owns 5,586 shares of the semiconductor company’s stock valued at $1,173,000 after acquiring an additional 4,448 shares in the last quarter. UMB Bank n.a. raised its position in Universal Display by 42.1% during the third quarter. UMB Bank n.a. now owns 324 shares of the semiconductor company’s stock valued at $68,000 after acquiring an additional 96 shares in the last quarter. Finally, LVW Advisors LLC bought a new position in Universal Display during the third quarter valued at approximately $785,000. 78.19% of the stock is currently owned by institutional investors and hedge funds.

Universal Display Company Profile

Universal Display Corporation engages in the research, development, and commercialization of organic light emitting diode (OLED) technologies and materials for use in display and solid-state lighting applications in the United States and internationally. The company offers PHOLED technologies and materials for displays and lighting products under the UniversalPHOLED brand.