Universal Display (OLED) Lowered to Strong Sell at BidaskClub

Universal Display (NASDAQ:OLED) was downgraded by BidaskClub from a “sell” rating to a “strong sell” rating in a research report issued on Friday.

A number of other equities research analysts have also recently commented on OLED. Needham & Company LLC upgraded shares of Universal Display from a “hold” rating to a “buy” rating and set a $180.00 price target for the company in a report on Tuesday, February 20th. They noted that the move was a valuation call. Cowen set a $225.00 price objective on shares of Universal Display and gave the company a “buy” rating in a report on Tuesday, February 20th. Deutsche Bank reduced their price objective on shares of Universal Display from $190.00 to $170.00 and set a “buy” rating for the company in a report on Friday, February 23rd. Zacks Investment Research cut shares of Universal Display from a “hold” rating to a “sell” rating in a report on Wednesday, February 28th. Finally, ValuEngine cut shares of Universal Display from a “hold” rating to a “sell” rating in a report on Wednesday, March 7th. Two research analysts have rated the stock with a sell rating, three have assigned a hold rating and nine have assigned a buy rating to the stock. The stock has a consensus rating of “Buy” and a consensus target price of $170.73.

NASDAQ:OLED opened at $98.60 on Friday. The firm has a market capitalization of $4.72 billion, a price-to-earnings ratio of 40.58 and a beta of 1.38. Universal Display has a 12 month low of $86.85 and a 12 month high of $209.00.

Universal Display (NASDAQ:OLED) last posted its quarterly earnings results on Thursday, May 3rd. The semiconductor company reported $0.13 EPS for the quarter, hitting analysts’ consensus estimates of $0.13. The business had revenue of $43.57 million during the quarter, compared to analysts’ expectations of $50.85 million. Universal Display had a net margin of 30.74% and a return on equity of 17.53%. The business’s quarterly revenue was down 21.6% on a year-over-year basis. During the same period last year, the company posted $0.22 earnings per share. equities analysts predict that Universal Display will post 1.95 EPS for the current fiscal year.

In related news, Director Rosemarie B. Greco sold 3,750 shares of the firm’s stock in a transaction dated Thursday, June 7th. The shares were sold at an average price of $98.15, for a total transaction of $368,062.50. Following the transaction, the director now directly owns 10,700 shares of the company’s stock, valued at $1,050,205. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. 4.00% of the stock is owned by company insiders.

Institutional investors and hedge funds have recently added to or reduced their stakes in the stock. Assetmark Inc. lifted its position in shares of Universal Display by 187.9% during the first quarter. Assetmark Inc. now owns 996 shares of the semiconductor company’s stock valued at $101,000 after purchasing an additional 650 shares in the last quarter. US Bancorp DE lifted its position in shares of Universal Display by 4,188.2% during the fourth quarter. US Bancorp DE now owns 729 shares of the semiconductor company’s stock valued at $126,000 after purchasing an additional 712 shares in the last quarter. Whittier Trust Co. of Nevada Inc. lifted its position in shares of Universal Display by 93.6% during the first quarter. Whittier Trust Co. of Nevada Inc. now owns 1,274 shares of the semiconductor company’s stock valued at $129,000 after purchasing an additional 616 shares in the last quarter. Aevitas Wealth Management Inc. bought a new position in shares of Universal Display during the fourth quarter valued at about $165,000. Finally, American International Group Inc. bought a new position in shares of Universal Display during the fourth quarter valued at about $170,000. 65.45% of the stock is currently owned by institutional investors.

About Universal Display

Universal Display Corporation engages in the research, development, and commercialization of organic light emitting diode (OLED) technologies and materials for use in flat panel displays and solid-state lighting applications. As of February 22, 2018, it owned or had exclusive and co-exclusive licenses, or had sole license rights with respect to approximately 4,500 issued and pending patents worldwide.

Analyst Recommendations for Universal Display (NASDAQ:OLED)

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