Universal Display Co. (NASDAQ:OLED) Receives $205.83 Consensus Target Price from Analysts

Universal Display Co. (NASDAQ:OLED) has been assigned an average rating of “Moderate Buy” from the six analysts that are presently covering the firm, Marketbeat.com reports. One analyst has rated the stock with a hold rating and five have given a buy rating to the company. The average 1-year target price among brokerages that have issued ratings on the stock in the last year is $205.83.

OLED has been the topic of a number of analyst reports. Needham & Company LLC reiterated a “buy” rating and issued a $215.00 target price on shares of Universal Display in a research note on Thursday, January 16th. TD Cowen cut their price target on Universal Display from $250.00 to $225.00 and set a “buy” rating for the company in a report on Thursday, October 31st. Oppenheimer dropped 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. Finally, The Goldman Sachs Group reduced their target price on shares of Universal Display from $234.00 to $203.00 and set a “buy” rating for the company in a report on Thursday.

Institutional Investors Weigh In On Universal Display

Large investors have recently modified their holdings of the business. Park Avenue Securities LLC raised its position in Universal Display by 33.1% in the third quarter. Park Avenue Securities LLC now owns 1,437 shares of the semiconductor company’s stock valued at $302,000 after purchasing an additional 357 shares during the last quarter. GAMMA Investing LLC increased its stake in shares of Universal Display by 80.2% in the third quarter. GAMMA Investing LLC now owns 926 shares of the semiconductor company’s stock valued at $194,000 after buying an additional 412 shares during the period. CWM LLC raised its holdings in Universal Display by 390.9% in the 3rd quarter. CWM LLC now owns 5,586 shares of the semiconductor company’s stock valued at $1,173,000 after buying an additional 4,448 shares during the last quarter. UMB Bank n.a. boosted its position in Universal Display by 42.1% during the 3rd quarter. UMB Bank n.a. now owns 324 shares of the semiconductor company’s stock worth $68,000 after buying an additional 96 shares during the period. Finally, LVW Advisors LLC bought a new stake in Universal Display during the 3rd quarter worth approximately $785,000. Institutional investors and hedge funds own 78.19% of the company’s stock.

Universal Display Stock Down 0.9 %

Shares of OLED stock opened at $142.83 on Friday. The firm has a fifty day moving average of $151.43 and a 200-day moving average of $177.73. Universal Display has a 12-month low of $141.56 and a 12-month high of $237.00. The company has a market capitalization of $6.78 billion, a price-to-earnings ratio of 28.68, 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.