Universal Display (NASDAQ:OLED) Downgraded to “Sell” Rating by StockNews.com

Universal Display (NASDAQ:OLED) was downgraded by equities researchers at StockNews.com from a “hold” rating to a “sell” rating in a research report issued on Friday.

Several other equities research analysts have also recently issued reports on the stock. Oppenheimer decreased their target price on shares of Universal Display from $220.00 to $200.00 and set an “outperform” rating on the stock in a research report on Thursday, January 2nd. Citigroup lowered 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 note on Monday, February 10th. Needham & Company LLC cut their target price on Universal Display from $215.00 to $170.00 and set a “buy” rating on the stock in a research report on Friday, February 21st. Roth Mkm boosted their price target on Universal Display from $207.00 to $213.00 and gave the company a “buy” rating in a research report on Friday, February 21st. Finally, Susquehanna cut their price objective on Universal Display from $165.00 to $160.00 and set a “neutral” rating on the stock in a report on Friday, February 21st. One analyst has rated the stock with a sell rating, two have issued a hold rating and five have assigned a buy rating to the stock. According to MarketBeat.com, the stock has an average rating of “Moderate Buy” and an average target price of $190.43.

Universal Display Stock Performance

Shares of OLED opened at $112.72 on Friday. Universal Display has a 1 year low of $103.70 and a 1 year high of $237.00. The company’s 50 day simple moving average is $142.83 and its 200 day simple moving average is $161.07. The company has a market capitalization of $5.35 billion, a price-to-earnings ratio of 24.24, a PEG ratio of 1.61 and a beta of 1.42.

Universal Display (NASDAQ:OLED) last posted its quarterly earnings data on Thursday, February 20th. The semiconductor company reported $1.22 earnings per share (EPS) for the quarter, topping the consensus estimate of $1.08 by $0.14. The business had revenue of $162.29 million for the quarter, compared to analysts’ expectations of $152.75 million. Universal Display had a return on equity of 15.51% and a net margin of 34.29%. Equities analysts expect that Universal Display will post 4.71 EPS for the current fiscal year.

Hedge Funds Weigh In On Universal Display

A number of institutional investors and hedge funds have recently added to or reduced their stakes in OLED. Orion Capital Management LLC purchased a new position in shares of Universal Display during the 4th quarter valued at approximately $29,000. Brown Brothers Harriman & Co. boosted its stake in Universal Display by 280.0% in the fourth quarter. Brown Brothers Harriman & Co. now owns 209 shares of the semiconductor company’s stock valued at $31,000 after acquiring an additional 154 shares during the period. Blue Trust Inc. grew its stake in Universal Display by 401.9% during the 4th quarter. Blue Trust Inc. now owns 261 shares of the semiconductor company’s stock worth $38,000 after buying an additional 209 shares during the last quarter. Aster Capital Management DIFC Ltd acquired a new stake in shares of Universal Display in the 4th quarter worth about $40,000. Finally, Farther Finance Advisors LLC raised its holdings in shares of Universal Display by 761.1% during the fourth quarter. Farther Finance Advisors LLC now owns 310 shares of the semiconductor company’s stock valued at $45,000 after buying an additional 274 shares during the last quarter. 78.19% of the stock is owned by hedge funds and other institutional investors.

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.