Universal Display Corporation (OLED) Stock Rating Lowered by BidaskClub

Universal Display Corporation (NASDAQ:OLED) was downgraded by investment analysts at BidaskClub from a “hold” rating to a “sell” rating in a research report issued on Saturday.

A number of other equities analysts have also commented on OLED. Goldman Sachs Group, Inc. (The) reissued a “buy” rating and set a $150.00 price target (up from $140.00) on shares of Universal Display Corporation in a research note on Wednesday. Susquehanna Bancshares Inc reissued a “positive” rating and set a $150.00 price target (up from $120.00) on shares of Universal Display Corporation in a research note on Wednesday. Summit Redstone reissued a “hold” rating and set a $95.00 price target on shares of Universal Display Corporation in a research note on Tuesday, August 1st. Cowen and Company reissued an “outperform” rating and set a $130.00 price target on shares of Universal Display Corporation in a research note on Tuesday, August 1st. Finally, Oppenheimer Holdings, Inc. reissued a “market perform” rating on shares of Universal Display Corporation in a research note on Wednesday. One investment analyst has rated the stock with a sell rating, five have issued a hold rating, six have issued a buy rating and one has assigned a strong buy rating to the stock. The company presently has a consensus rating of “Buy” and an average price target of $118.00.

Universal Display Corporation (NASDAQ OLED) opened at 111.45 on Friday. Universal Display Corporation has a one year low of $47.88 and a one year high of $130.65. The stock has a market capitalization of $5.24 billion, a PE ratio of 64.61 and a beta of 1.05. The company’s 50 day moving average price is $116.92 and its 200-day moving average price is $97.77.

Universal Display Corporation (NASDAQ:OLED) last announced its quarterly earnings results on Thursday, August 3rd. The semiconductor company reported $0.99 EPS for the quarter, beating analysts’ consensus estimates of $0.68 by $0.31. Universal Display Corporation had a return on equity of 14.90% and a net margin of 31.15%. The company had revenue of $102.50 million during the quarter, compared to analyst estimates of $84.81 million. During the same period in the prior year, the company earned $0.46 earnings per share. The firm’s revenue was up 59.2% on a year-over-year basis. Analysts expect that Universal Display Corporation will post $2.14 earnings per share for the current year.

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In other news, insider Julia J. Brown sold 10,000 shares of the firm’s stock in a transaction that occurred on Wednesday, July 19th. The stock was sold at an average price of $125.00, for a total value of $1,250,000.00. Following the completion of the sale, the insider now directly owns 162,932 shares of the company’s stock, valued at approximately $20,366,500. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through the SEC website. Also, CEO Steven V. Abramson sold 18,000 shares of the firm’s stock in a transaction that occurred on Wednesday, July 19th. The shares were sold at an average price of $124.53, for a total value of $2,241,540.00. Following the completion of the sale, the chief executive officer now directly owns 262,888 shares of the company’s stock, valued at $32,737,442.64. The disclosure for this sale can be found here. Insiders sold a total of 31,750 shares of company stock valued at $3,919,940 over the last ninety days. Corporate insiders own 5.70% of the company’s stock.

Large investors have recently bought and sold shares of the stock. Kornitzer Capital Management Inc. KS raised its stake in Universal Display Corporation by 0.8% in the first quarter. Kornitzer Capital Management Inc. KS now owns 97,485 shares of the semiconductor company’s stock valued at $8,393,000 after buying an additional 755 shares during the last quarter. Advisory Services Network LLC bought a new stake in Universal Display Corporation during the first quarter valued at about $543,000. Russell Investments Group Ltd. raised its stake in Universal Display Corporation by 292.4% in the first quarter. Russell Investments Group Ltd. now owns 66,412 shares of the semiconductor company’s stock valued at $5,717,000 after buying an additional 49,488 shares during the last quarter. Strs Ohio raised its stake in Universal Display Corporation by 115.4% in the first quarter. Strs Ohio now owns 5,600 shares of the semiconductor company’s stock valued at $482,000 after buying an additional 3,000 shares during the last quarter. Finally, Duncker Streett & Co. Inc. raised its stake in Universal Display Corporation by 3.8% in the first quarter. Duncker Streett & Co. Inc. now owns 5,400 shares of the semiconductor company’s stock valued at $465,000 after buying an additional 200 shares during the last quarter. 69.40% of the stock is owned by institutional investors and hedge funds.

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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