Universal Display (NASDAQ:OLED – Get Free Report) had its price objective lifted by Roth Mkm from $207.00 to $213.00 in a research report issued on Friday,Benzinga reports. The firm currently has a “buy” rating on the semiconductor company’s stock. Roth Mkm’s price objective would suggest a potential upside of 35.43% from the stock’s current price.
OLED has been the topic of several other reports. Susquehanna reduced their price objective on Universal Display from $165.00 to $160.00 and set a “neutral” rating on the stock in a research report on Friday. The Goldman Sachs Group reduced their price target on shares of Universal Display from $234.00 to $203.00 and set a “buy” rating on the stock in a research report on Thursday, February 6th. Citigroup lowered their price objective on shares of Universal Display from $200.00 to $162.00 and set a “neutral” rating for the company in a report on Monday, February 10th. Oppenheimer reduced their target price 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. Finally, TD Cowen lowered their price target on shares of Universal Display from $250.00 to $225.00 and set a “buy” rating for the company in a research note on Thursday, October 31st. Two analysts have rated the stock with a hold rating and five have given a buy rating to the company. Based on data from MarketBeat.com, the company has a consensus rating of “Moderate Buy” and a consensus target price of $190.43.
Get Our Latest Stock Analysis on OLED
Universal Display Stock Performance
Universal Display (NASDAQ:OLED – Get Free Report) last posted its quarterly earnings data on Thursday, February 20th. The semiconductor company reported $1.22 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $1.08 by $0.14. The company had revenue of $162.29 million during the quarter, compared to the consensus estimate of $152.75 million. Universal Display had a net margin of 36.98% and a return on equity of 15.75%. Sell-side analysts predict that Universal Display will post 4.77 EPS for the current year.
Institutional Investors Weigh In On Universal Display
Several institutional investors have recently added to or reduced their stakes in OLED. Nisa Investment Advisors LLC increased its position in shares of Universal Display by 60.2% in the third quarter. Nisa Investment Advisors LLC now owns 173 shares of the semiconductor company’s stock valued at $36,000 after acquiring an additional 65 shares during the period. CIBC Asset Management Inc increased its holdings in Universal Display by 5.2% during the 4th quarter. CIBC Asset Management Inc now owns 1,473 shares of the semiconductor company’s stock valued at $215,000 after purchasing an additional 73 shares during the period. CIBC Private Wealth Group LLC raised its position in Universal Display by 5.6% during the 4th quarter. CIBC Private Wealth Group LLC now owns 1,615 shares of the semiconductor company’s stock valued at $245,000 after purchasing an additional 85 shares during the last quarter. Arizona State Retirement System lifted its holdings in Universal Display by 0.7% in the 4th quarter. Arizona State Retirement System now owns 13,065 shares of the semiconductor company’s stock worth $1,910,000 after buying an additional 88 shares during the period. Finally, Commonwealth Equity Services LLC grew its position in shares of Universal Display by 0.9% in the 4th quarter. Commonwealth Equity Services LLC now owns 10,091 shares of the semiconductor company’s stock worth $1,475,000 after buying an additional 90 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.
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