Needham & Company LLC Reaffirms "Buy" Rating for Universal Display (NASDAQ:OLED)

Universal Display (NASDAQ:OLED - Get Free Report)'s stock had its "buy" rating reissued by investment analysts at Needham & Company LLC in a research note issued to investors on Friday,Benzinga reports. They currently have a $170.00 price target on the semiconductor company's stock. Needham & Company LLC's price target points to a potential upside of 20.35% from the stock's previous close.

OLED has been the subject of several other reports. Citigroup dropped their target price on Universal Display from $200.00 to $162.00 and set a "neutral" rating for the company in a report on Monday, February 10th. Oppenheimer cut their price target on shares of Universal Display from $220.00 to $200.00 and set an "outperform" rating on the stock in a report on Thursday, January 2nd. Susquehanna lowered their price objective on shares of Universal Display from $165.00 to $160.00 and set a "neutral" rating for the company in a report on Friday, February 21st. StockNews.com lowered Universal Display from a "hold" rating to a "sell" rating in a research report on Friday, April 11th. Finally, Roth Mkm increased their price target on shares of Universal Display from $207.00 to $213.00 and gave the stock a "buy" rating in a research note on Friday, February 21st. Three equities research analysts have rated the stock with a hold rating and five have assigned a buy rating to the company's stock. Based on data from MarketBeat, the company presently has a consensus rating of "Moderate Buy" and a consensus target price of $190.43.

Universal Display Stock Up 0.5 %

Shares of Universal Display stock traded up $0.72 on Friday, hitting $141.25. The stock had a trading volume of 136,526 shares, compared to its average volume of 575,630. The stock has a market cap of $6.71 billion, a price-to-earnings ratio of 30.38, a price-to-earnings-growth ratio of 1.61 and a beta of 1.46. The business's 50 day moving average is $134.97 and its two-hundred day moving average is $151.39. Universal Display has a twelve month low of $103.70 and a twelve month high of $237.00.

Universal Display (NASDAQ:OLED - Get Free Report) last posted its quarterly earnings results on Thursday, May 1st. The semiconductor company reported $1.35 EPS for the quarter, topping the consensus estimate of $1.07 by $0.28. The firm had revenue of $166.28 million for the quarter, compared to the consensus estimate of $154.76 million. Universal Display had a net margin of 34.29% and a return on equity of 15.51%. The business's revenue was up .6% compared to the same quarter last year. During the same period last year, the firm posted $1.19 earnings per share. As a group, equities analysts predict that Universal Display will post 4.71 earnings per share for the current fiscal year.

Institutional Trading of Universal Display

A number of institutional investors have recently made changes to their positions in OLED. Barclays PLC raised its stake in Universal Display by 753.8% during the 3rd quarter. Barclays PLC now owns 212,518 shares of the semiconductor company's stock valued at $44,608,000 after buying an additional 187,627 shares during the last quarter. Wilmington Savings Fund Society FSB lifted its holdings in Universal Display by 2.8% in the third quarter. Wilmington Savings Fund Society FSB now owns 4,272 shares of the semiconductor company's stock valued at $897,000 after acquiring an additional 118 shares during the period. Tidal Investments LLC boosted its position in Universal Display by 9.2% in the third quarter. Tidal Investments LLC now owns 7,037 shares of the semiconductor company's stock worth $1,477,000 after purchasing an additional 595 shares during the last quarter. Synovus Financial Corp grew its stake in shares of Universal Display by 41.3% during the 3rd quarter. Synovus Financial Corp now owns 8,277 shares of the semiconductor company's stock valued at $1,738,000 after purchasing an additional 2,419 shares during the period. Finally, B. Riley Wealth Advisors Inc. increased its position in shares of Universal Display by 35.5% during the 3rd quarter. B. Riley Wealth Advisors Inc. now owns 1,759 shares of the semiconductor company's stock valued at $369,000 after purchasing an additional 461 shares during the last quarter. 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.