Universal Display (NASDAQ:OLED) Stock Rating Upgraded by Susquehanna

Universal Display (NASDAQ:OLEDGet Rating) was upgraded by equities research analysts at Susquehanna from a “negative” rating to a “neutral” rating in a research report issued to clients and investors on Thursday, Marketbeat.com reports. The brokerage presently has a $135.00 price target on the semiconductor company’s stock, up from their previous price target of $82.00. Susquehanna’s price target points to a potential upside of 4.51% from the stock’s current price.

Several other analysts have also issued reports on the stock. Needham & Company LLC reduced their target price on shares of Universal Display from $140.00 to $128.00 and set a “buy” rating for the company in a research note on Friday, November 4th. Oppenheimer reduced their target price on shares of Universal Display from $150.00 to $135.00 in a research note on Friday, November 4th. StockNews.com assumed coverage on shares of Universal Display in a research note on Wednesday, October 12th. They issued a “hold” rating for the company. Citigroup reduced their target price on shares of Universal Display from $150.00 to $135.00 and set a “buy” rating for the company in a research note on Monday, November 21st. Finally, The Goldman Sachs Group reduced their target price on shares of Universal Display from $185.00 to $158.00 and set a “buy” rating for the company in a research note on Friday, November 4th. Three equities research analysts have rated the stock with a hold rating and four have issued a buy rating to the company’s stock. Based on data from MarketBeat.com, the stock currently has a consensus rating of “Moderate Buy” and a consensus target price of $139.10.

Universal Display Price Performance

OLED opened at $129.17 on Thursday. The company’s 50 day moving average price is $113.57 and its two-hundred day moving average price is $109.15. Universal Display has a fifty-two week low of $89.41 and a fifty-two week high of $176.41. The firm has a market capitalization of $6.10 billion, a price-to-earnings ratio of 32.29, a PEG ratio of 1.76 and a beta of 1.39.

Universal Display (NASDAQ:OLEDGet Rating) last released its earnings results on Thursday, November 3rd. The semiconductor company reported $1.12 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.90 by $0.22. Universal Display had a net margin of 32.13% and a return on equity of 16.56%. The company had revenue of $160.56 million for the quarter, compared to the consensus estimate of $144.79 million. As a group, equities research analysts predict that Universal Display will post 3.99 EPS for the current year.

Hedge Funds Weigh In On Universal Display

Institutional investors and hedge funds have recently added to or reduced their stakes in the business. Sigma Planning Corp boosted its position in Universal Display by 9.1% during the second quarter. Sigma Planning Corp now owns 8,185 shares of the semiconductor company’s stock worth $828,000 after purchasing an additional 686 shares during the period. Banco Santander S.A. bought a new position in Universal Display during the second quarter worth about $491,000. Trexquant Investment LP boosted its position in Universal Display by 716.2% during the second quarter. Trexquant Investment LP now owns 13,476 shares of the semiconductor company’s stock worth $1,363,000 after purchasing an additional 11,825 shares during the period. Comerica Bank boosted its position in Universal Display by 0.8% during the second quarter. Comerica Bank now owns 21,363 shares of the semiconductor company’s stock worth $2,423,000 after purchasing an additional 167 shares during the period. Finally, Endurance Wealth Management Inc. lifted its holdings in shares of Universal Display by 1.7% in the third quarter. Endurance Wealth Management Inc. now owns 134,671 shares of the semiconductor company’s stock worth $12,707,000 after buying an additional 2,263 shares in the last quarter. Institutional investors own 73.43% of the company’s stock.

Universal Display Company Profile

(Get Rating)

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. It owns, exclusively licenses, or has sole rights to sublicense approximately 5,500 issued and pending patents worldwide.

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