Universal Display Corporation (NASDAQ:OLED)‘s stock had its “hold” rating reaffirmed by stock analysts at Summit Redstone in a note issued to investors on Tuesday, August 1st. They currently have a $95.00 price target on the semiconductor company’s stock. Summit Redstone’s target price would indicate a potential downside of 13.48% from the company’s current price.
Other analysts have also recently issued research reports about the company. Cross Research upgraded Universal Display Corporation from a “hold” rating to a “buy” rating and set a $115.00 price target for the company in a report on Friday, May 5th. Goldman Sachs Group, Inc. (The) lifted their price target on Universal Display Corporation from $100.00 to $125.00 and gave the company a “buy” rating in a report on Monday, May 8th. Gabelli restated a “buy” rating on shares of Universal Display Corporation in a report on Monday, May 8th. BidaskClub cut Universal Display Corporation from a “strong-buy” rating to a “buy” rating in a report on Saturday, June 17th. Finally, Zacks Investment Research upgraded Universal Display Corporation from a “sell” rating to a “hold” rating in a report on Saturday, May 6th. One analyst has rated the stock with a sell rating, five have assigned a hold rating, six have given a buy rating and one has assigned a strong buy rating to the company. Universal Display Corporation has an average rating of “Buy” and an average target price of $118.00.
Universal Display Corporation (NASDAQ OLED) opened at 109.80 on Tuesday. The stock has a market cap of $5.16 billion, a price-to-earnings ratio of 63.65 and a beta of 1.05. Universal Display Corporation has a 52 week low of $47.88 and a 52 week high of $130.65. The firm’s 50-day moving average is $116.47 and its 200 day moving average is $99.45.
Universal Display Corporation (NASDAQ:OLED) last announced its earnings results on Thursday, August 3rd. The semiconductor company reported $0.99 earnings per share for the quarter, beating the consensus estimate of $0.68 by $0.31. Universal Display Corporation had a net margin of 31.15% and a return on equity of 14.90%. The firm had revenue of $102.50 million during the quarter, compared to the consensus estimate of $84.81 million. During the same quarter in the previous year, the company posted $0.46 EPS. The firm’s revenue for the quarter was up 59.2% on a year-over-year basis. On average, equities research analysts expect that Universal Display Corporation will post $2.14 EPS for the current year.
In related news, Director Leonard Becker sold 3,750 shares of the business’s stock in a transaction that occurred on Wednesday, May 24th. The stock was sold at an average price of $114.24, for a total transaction of $428,400.00. Following the transaction, the director now directly owns 13,750 shares of the company’s stock, valued at approximately $1,570,800. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, insider Julia J. Brown sold 10,000 shares of the company’s stock in a transaction that occurred on Wednesday, July 19th. The shares were sold at an average price of $125.00, for a total value of $1,250,000.00. Following the completion of the transaction, the insider now directly owns 162,932 shares in the company, valued at $20,366,500. The disclosure for this sale can be found here. Insiders have sold a total of 31,750 shares of company stock worth $3,919,940 over the last three months. 5.70% of the stock is currently owned by corporate insiders.
Institutional investors have recently made changes to their positions in the stock. Mitra Capital LLC acquired a new position in shares of Universal Display Corporation during the second quarter worth about $109,000. IFP Advisors Inc raised its position in shares of Universal Display Corporation by 307.5% in the second quarter. IFP Advisors Inc now owns 1,080 shares of the semiconductor company’s stock worth $118,000 after buying an additional 815 shares during the last quarter. Dubuque Bank & Trust Co. acquired a new position in shares of Universal Display Corporation during the first quarter worth about $125,000. FNY Partners Fund LP acquired a new position in shares of Universal Display Corporation during the first quarter worth about $146,000. Finally, Invictus RG acquired a new position in shares of Universal Display Corporation during the first quarter worth about $152,000. 67.49% of the stock is currently owned by institutional investors.
Universal Display Corporation Company Profile
Universal Display Corporation is engaged in the research, development and commercialization of organic light emitting diode (OLED), technologies and materials for use in display and solid-state lighting applications. The Company also supplies its OLED materials to manufacturers of OLED displays and lighting products for evaluation and for use in product development and for pre-commercial activities, and it also provides technical assistance and support to these manufacturers.
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