Universal Display Corporation (OLED) Stock Rating Reaffirmed by Cowen and Company

Universal Display Corporation (NASDAQ:OLED)‘s stock had its “outperform” rating restated by investment analysts at Cowen and Company in a report released on Friday. They currently have a $195.00 price target on the semiconductor company’s stock, up from their prior price target of $155.00. Cowen and Company’s target price would suggest a potential upside of 10.86% from the company’s previous close.

OLED has been the topic of several other research reports. BidaskClub lowered Universal Display Corporation from a “hold” rating to a “sell” rating in a research note on Saturday, August 12th. Oppenheimer Holdings, Inc. restated a “market perform” rating on shares of Universal Display Corporation in a research note on Wednesday, August 9th. Goldman Sachs Group, Inc. (The) restated a “buy” rating and issued a $150.00 price objective (up previously from $140.00) on shares of Universal Display Corporation in a research note on Wednesday, August 9th. Needham & Company LLC restated a “hold” rating on shares of Universal Display Corporation in a research note on Friday, November 3rd. Finally, Susquehanna Bancshares Inc restated a “positive” rating and issued a $150.00 price objective on shares of Universal Display Corporation in a research note on Tuesday, September 5th. Eight equities research analysts have rated the stock with a hold rating, five have assigned a buy rating and one has assigned a strong buy rating to the company. The company currently has a consensus rating of “Buy” and a consensus price target of $139.78.

Universal Display Corporation (NASDAQ OLED) traded up $6.30 during trading hours on Friday, reaching $175.90. The company’s stock had a trading volume of 1,195,100 shares, compared to its average volume of 936,341. The company has a market capitalization of $8,274.44, a price-to-earnings ratio of 86.22 and a beta of 1.03. Universal Display Corporation has a 12-month low of $52.10 and a 12-month high of $176.50.

Universal Display Corporation (NASDAQ:OLED) last released its quarterly earnings data on Thursday, November 2nd. The semiconductor company reported $0.28 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.09 by $0.19. The firm had revenue of $61.70 million for the quarter, compared to analyst estimates of $47.35 million. Universal Display Corporation had a return on equity of 16.67% and a net margin of 32.92%. The business’s revenue for the quarter was up 104.3% compared to the same quarter last year. During the same quarter in the prior year, the company earned ($0.03) earnings per share. equities analysts anticipate that Universal Display Corporation will post 2.33 earnings per share for the current year.

TRADEMARK VIOLATION NOTICE: “Universal Display Corporation (OLED) Stock Rating Reaffirmed by Cowen and Company” was published by Markets Daily and is the property of of Markets Daily. If you are reading this piece on another domain, it was copied illegally and republished in violation of US and international trademark and copyright legislation. The legal version of this piece can be read at https://www.themarketsdaily.com/2017/11/14/universal-display-corporation-oled-stock-rating-reaffirmed-by-cowen-and-company.html.

In other Universal Display Corporation news, CFO Sidney D. Rosenblatt sold 50,240 shares of the firm’s stock in a transaction on Monday, September 18th. The stock was sold at an average price of $135.02, for a total transaction of $6,783,404.80. The transaction was disclosed in a document filed with the SEC, which is accessible through the SEC website. Also, Chairman Sherwin I. Seligsohn sold 50,000 shares of the firm’s stock in a transaction on Friday, November 3rd. The stock was sold at an average price of $150.00, for a total value of $7,500,000.00. Following the transaction, the chairman now owns 205,170 shares in the company, valued at approximately $30,775,500. The disclosure for this sale can be found here. In the last quarter, insiders have sold 196,974 shares of company stock worth $30,133,174. 5.20% of the stock is owned by corporate insiders.

Institutional investors have recently bought and sold shares of the business. Mitra Capital LLC bought a new position in Universal Display Corporation during the 2nd quarter worth $109,000. IFP Advisors Inc increased its stake in Universal Display Corporation by 307.5% during the 2nd quarter. IFP Advisors Inc now owns 1,080 shares of the semiconductor company’s stock worth $118,000 after acquiring an additional 815 shares during the period. BNP Paribas Arbitrage SA increased its stake in Universal Display Corporation by 79.4% during the 2nd quarter. BNP Paribas Arbitrage SA now owns 1,536 shares of the semiconductor company’s stock worth $168,000 after acquiring an additional 680 shares during the period. CIBC Asset Management Inc bought a new position in Universal Display Corporation during the 3rd quarter worth $205,000. Finally, Comerica Bank bought a new position in Universal Display Corporation during the 3rd quarter worth $221,000. Hedge funds and other institutional investors own 64.20% of the company’s stock.

About Universal Display Corporation

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.

Analyst Recommendations for Universal Display Corporation (NASDAQ:OLED)

Receive News & Ratings for Universal Display Corporation Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Universal Display Corporation and related companies with MarketBeat.com's FREE daily email newsletter.

Latest News

Leave a Reply