Universal Display (NASDAQ:OLED) Price Target Raised to $213.00

Universal Display (NASDAQ:OLED) had its price target upped by investment analysts at Roth Mkm from $207.00 to $213.00 in a note issued to investors on Friday,Benzinga reports. The brokerage presently has a “buy” rating on the semiconductor company’s stock. Roth Mkm’s price target points to a potential upside of 35.43% from the stock’s previous close.

A number of other analysts have also commented on OLED. TD Cowen cut their price objective on Universal Display from $250.00 to $225.00 and set a “buy” rating on the stock in a research report on Thursday, October 31st. Oppenheimer reduced their target price 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. Citigroup lowered their price target on shares of Universal Display from $200.00 to $162.00 and set a “neutral” rating on the stock in a report on Monday, February 10th. The Goldman Sachs Group reduced their price objective on Universal Display from $234.00 to $203.00 and set a “buy” rating for the company in a report on Thursday, February 6th. Finally, Susquehanna decreased their target price on Universal Display from $165.00 to $160.00 and set a “neutral” rating for the company in a research report on Friday. Two equities research analysts have rated the stock with a hold rating and five have issued a buy rating to the company. According to data from MarketBeat, the company has an average rating of “Moderate Buy” and a consensus target price of $190.43.

Universal Display Trading Up 6.7 %

NASDAQ OLED traded up $9.94 on Friday, hitting $157.28. 619,885 shares of the company were exchanged, compared to its average volume of 681,357. The company has a market cap of $7.46 billion, a PE ratio of 31.57, a PEG ratio of 1.60 and a beta of 1.39. The stock has a fifty day moving average of $148.52 and a 200-day moving average of $173.82. Universal Display has a 12 month low of $140.17 and a 12 month high of $237.00.

Universal Display (NASDAQ:OLED) last issued its earnings results on Thursday, February 20th. The semiconductor company reported $1.22 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $1.08 by $0.14. Universal Display had a return on equity of 15.75% and a net margin of 36.98%. The company had revenue of $162.29 million for the quarter, compared to analysts’ expectations of $152.75 million. On average, analysts expect that Universal Display will post 4.77 earnings per share for the current year.

Institutional Trading of Universal Display

A number of hedge funds and other institutional investors have recently made changes to their positions in the stock. Creative Planning increased its position in shares of Universal Display by 16.1% during the third quarter. Creative Planning now owns 15,406 shares of the semiconductor company’s stock valued at $3,234,000 after buying an additional 2,132 shares during the period. Whittier Trust Co. of Nevada Inc. grew its stake in Universal Display by 240.0% during the third quarter. Whittier Trust Co. of Nevada Inc. now owns 340 shares of the semiconductor company’s stock valued at $71,000 after acquiring an additional 240 shares in the last quarter. International Assets Investment Management LLC bought a new stake in Universal Display during the 3rd quarter worth approximately $6,785,000. PFG Investments LLC lifted its stake in Universal Display by 14.5% in the 3rd quarter. PFG Investments LLC now owns 13,370 shares of the semiconductor company’s stock worth $2,806,000 after purchasing an additional 1,690 shares in the last quarter. Finally, State of Alaska Department of Revenue boosted its holdings in Universal Display by 7.3% in the 3rd quarter. State of Alaska Department of Revenue now owns 5,072 shares of the semiconductor company’s stock valued at $1,064,000 after purchasing an additional 345 shares during the period. 78.19% of the stock is currently owned by institutional investors.

About Universal Display

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.