Universal Display Co. (NASDAQ:OLED) Receives Consensus Rating of “Moderate Buy” from Brokerages

Shares of Universal Display Co. (NASDAQ:OLED) have received a consensus recommendation of “Moderate Buy” from the seven research firms that are currently covering the firm, MarketBeat reports. Two investment analysts have rated the stock with a hold recommendation and five have given a buy recommendation to the company. The average 12 month price target among analysts that have updated their coverage on the stock in the last year is $199.57.

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

Institutional Inflows and Outflows

Several institutional investors have recently added to or reduced their stakes in the company. Assetmark Inc. purchased a new stake in shares of Universal Display during the third quarter worth about $29,000. Brooklyn Investment Group acquired a new stake in Universal Display during the third quarter worth approximately $30,000. V Square Quantitative Management LLC purchased a new stake in Universal Display in the 3rd quarter worth approximately $31,000. Nisa Investment Advisors LLC raised its holdings in Universal Display by 60.2% in the 3rd quarter. Nisa Investment Advisors LLC now owns 173 shares of the semiconductor company’s stock valued at $36,000 after acquiring an additional 65 shares during the last quarter. Finally, True Wealth Design LLC purchased a new position in shares of Universal Display during the 3rd quarter worth $36,000. Institutional investors and hedge funds own 78.19% of the company’s stock.

Universal Display Trading Down 0.6 %

OLED stock opened at $142.04 on Friday. The company’s 50-day moving average price is $150.53 and its 200 day moving average price is $176.56. Universal Display has a 52 week low of $140.61 and a 52 week high of $237.00. The company has a market cap of $6.74 billion, a P/E ratio of 28.52, a P/E/G ratio of 1.57 and a beta of 1.39.

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.