The Goldman Sachs Group Lowers Universal Display (NASDAQ:OLED) Price Target to $203.00

Universal Display (NASDAQ:OLED) had its target price decreased by stock analysts at The Goldman Sachs Group from $234.00 to $203.00 in a research note issued to investors on Thursday,Benzinga reports. The brokerage presently has a “buy” rating on the semiconductor company’s stock. The Goldman Sachs Group’s price objective suggests a potential upside of 39.33% from the stock’s previous close.

Other equities analysts have also recently issued research reports about the company. TD Cowen dropped their price target 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. Needham & Company LLC restated a “buy” rating and set a $215.00 price target on shares of Universal Display in a research note on Thursday, January 16th. Finally, Oppenheimer lowered their price objective 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. One analyst has rated the stock with a hold rating and five have assigned a buy rating to the company. According to data from MarketBeat, Universal Display has a consensus rating of “Moderate Buy” and an average target price of $205.83.

Universal Display Price Performance

Shares of NASDAQ:OLED opened at $145.70 on Thursday. Universal Display has a 1-year low of $142.15 and a 1-year high of $237.00. The stock has a market cap of $6.91 billion, a P/E ratio of 29.26, a P/E/G ratio of 1.64 and a beta of 1.39. The firm has a fifty day moving average price of $152.20 and a 200 day moving average price of $179.23.

Institutional Investors Weigh In On Universal Display

Several institutional investors have recently made changes to their positions in OLED. SBI Securities Co. Ltd. acquired a new stake in shares of Universal Display in the fourth quarter valued at about $187,000. Jones Financial Companies Lllp increased its holdings in Universal Display by 2,005.9% in the fourth quarter. Jones Financial Companies Lllp now owns 358 shares of the semiconductor company’s stock valued at $52,000 after buying an additional 341 shares in the last quarter. SRS Capital Advisors Inc. lifted its position in shares of Universal Display by 95.7% during the 4th quarter. SRS Capital Advisors Inc. now owns 822 shares of the semiconductor company’s stock valued at $120,000 after acquiring an additional 402 shares during the period. Versor Investments LP purchased a new stake in shares of Universal Display during the 4th quarter worth approximately $476,000. Finally, Oppenheimer & Co. Inc. grew its holdings in shares of Universal Display by 26.4% in the 4th quarter. Oppenheimer & Co. Inc. now owns 44,167 shares of the semiconductor company’s stock worth $6,457,000 after acquiring an additional 9,235 shares during the period. 78.19% of the stock is currently owned by hedge funds and other 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.