Universal Display (NASDAQ:OLED) Price Target Lowered to $220.00 at Oppenheimer

Universal Display (NASDAQ:OLED) had its price objective lowered by analysts at Oppenheimer from $240.00 to $220.00 in a research note issued to investors on Thursday, Benzinga reports. The firm currently has an “outperform” rating on the semiconductor company’s stock. Oppenheimer’s price target suggests a potential upside of 22.05% from the stock’s previous close.

OLED has been the subject of a number of other research reports. The Goldman Sachs Group boosted their target price on shares of Universal Display from $208.00 to $243.00 and gave the stock a “buy” rating in a research note on Thursday, July 18th. Needham & Company LLC cut their price objective on Universal Display from $242.00 to $215.00 and set a “buy” rating for the company in a research note on Thursday. Roth Mkm raised their target price on Universal Display from $189.00 to $217.00 and gave the company a “buy” rating in a research report on Friday, August 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. Finally, Susquehanna raised their price objective on Universal Display from $170.00 to $175.00 and gave the company a “neutral” rating in a report on Friday, August 2nd. Two investment analysts have rated the stock with a hold rating and six have given a buy rating to the company’s stock. According to data from MarketBeat, the company has a consensus rating of “Moderate Buy” and a consensus price target of $215.63.

Universal Display Trading Down 0.0 %

Shares of OLED opened at $180.25 on Thursday. The firm has a market cap of $8.55 billion, a P/E ratio of 36.19, a PEG ratio of 1.93 and a beta of 1.43. Universal Display has a 12 month low of $138.60 and a 12 month high of $237.00. The stock’s 50 day moving average is $201.32 and its two-hundred day moving average is $193.94.

Universal Display (NASDAQ:OLED) last announced its earnings results on Wednesday, October 30th. The semiconductor company reported $1.40 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $1.20 by $0.20. The firm had revenue of $161.63 million for the quarter, compared to analyst estimates of $165.28 million. Universal Display had a return on equity of 15.75% and a net margin of 36.98%. The business’s revenue was up 14.6% on a year-over-year basis. During the same quarter last year, the firm posted $1.08 EPS. Equities research analysts forecast that Universal Display will post 4.81 EPS for the current year.

Institutional Investors Weigh In On Universal Display

A number of hedge funds have recently modified their holdings of OLED. ORG Partners LLC acquired a new position in Universal Display in the 1st quarter valued at about $27,000. Assetmark Inc. acquired a new position in Universal Display in the third quarter valued at approximately $29,000. V Square Quantitative Management LLC purchased a new position in Universal Display in the third quarter worth approximately $31,000. Nisa Investment Advisors LLC increased its stake in Universal Display by 60.2% during the third quarter. Nisa Investment Advisors LLC now owns 173 shares of the semiconductor company’s stock worth $36,000 after acquiring an additional 65 shares during the last quarter. Finally, Geneos Wealth Management Inc. raised its position in Universal Display by 210.7% in the first quarter. Geneos Wealth Management Inc. now owns 233 shares of the semiconductor company’s stock valued at $39,000 after purchasing an additional 158 shares during the period. Hedge funds and other institutional investors own 78.19% of the company’s stock.

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.