Universal Display Co. (NASDAQ:OLED) dropped 0% during trading on Monday . The company traded as low as $146.00 and last traded at $146.65. Approximately 1,857,452 shares traded hands during trading, an increase of 19% from the average daily volume of 1,566,375 shares. The stock had previously closed at $146.65.
OLED has been the subject of a number of recent research reports. Zacks Investment Research upgraded Universal Display from a “hold” rating to a “strong-buy” rating and set a $168.00 price objective for the company in a research report on Thursday, November 2nd. Gabelli lowered Universal Display from a “buy” rating to a “hold” rating and set a $134.00 target price for the company. in a report on Friday, November 3rd. Susquehanna Bancshares increased their target price on Universal Display from $195.00 to $215.00 and gave the company a “positive” rating in a report on Friday, January 5th. Deutsche Bank increased their target price on Universal Display to $190.00 and gave the company a “buy” rating in a report on Friday, December 8th. Finally, Needham & Company LLC restated a “hold” rating on shares of Universal Display in a report on Friday, November 3rd. One equities research analyst has rated the stock with a sell rating, eight have given a hold rating and six have given a buy rating to the stock. Universal Display currently has a consensus rating of “Hold” and an average target price of $164.80.
The company has a market cap of $7,310.00, a PE ratio of 73.40 and a beta of 0.90.
Large investors have recently modified their holdings of the company. US Bancorp DE grew its position in Universal Display by 4,188.2% during the fourth quarter. US Bancorp DE now owns 729 shares of the semiconductor company’s stock worth $126,000 after buying an additional 712 shares in the last quarter. Cerebellum GP LLC bought a new position in Universal Display during the fourth quarter worth about $129,000. Glassman Wealth Services lifted its stake in Universal Display by 60.7% during the fourth quarter. Glassman Wealth Services now owns 961 shares of the semiconductor company’s stock worth $166,000 after purchasing an additional 363 shares during the period. Aries Wealth Management bought a new position in Universal Display during the fourth quarter worth about $204,000. Finally, CIBC Asset Management Inc bought a new position in Universal Display during the third quarter worth about $205,000. 64.50% of the stock is currently owned by institutional investors.
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Universal Display 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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