Universal Display Corp. (NASDAQ:OLED)’s share price reached a new 52-week high during mid-day trading on Monday . The stock traded as high as $74.39 and last traded at $73.77, with a volume of 631,843 shares. The stock had previously closed at $70.84.

Several research firms have issued reports on OLED. Zacks Investment Research lowered shares of Universal Display Corp. from a “hold” rating to a “strong sell” rating in a report on Wednesday, July 13th. Canaccord Genuity reaffirmed a “hold” rating on shares of Universal Display Corp. in a report on Tuesday, June 28th. Cowen and Company reaffirmed a “buy” rating on shares of Universal Display Corp. in a report on Wednesday, June 29th. Needham & Company LLC reaffirmed a “buy” rating and issued a $69.00 price target on shares of Universal Display Corp. in a report on Wednesday, June 29th. Finally, Oppenheimer Holdings Inc. reaffirmed a “hold” rating on shares of Universal Display Corp. in a report on Thursday, June 16th. One investment analyst has rated the stock with a sell rating, four have given a hold rating and four have given a buy rating to the company’s stock. The stock has a consensus rating of “Hold” and a consensus price target of $58.50.

The company has a market cap of $3.38 billion and a PE ratio of 226.39. The firm’s 50 day moving average price is $68.64 and its 200 day moving average price is $57.96.

A number of large investors have added to or reduced their stakes in OLED. Systematic Financial Management LP raised its stake in Universal Display Corp. by 8.4% in the fourth quarter. Systematic Financial Management LP now owns 353,815 shares of the company’s stock worth $19,261,000 after buying an additional 27,338 shares during the period. New York State Common Retirement Fund raised its stake in Universal Display Corp. by 59.8% in the fourth quarter. New York State Common Retirement Fund now owns 64,774 shares of the company’s stock worth $3,526,000 after buying an additional 24,235 shares during the period. California Public Employees Retirement System raised its stake in Universal Display Corp. by 7.7% in the fourth quarter. California Public Employees Retirement System now owns 99,300 shares of the company’s stock worth $5,406,000 after buying an additional 7,100 shares during the period. Finally, Rhumbline Advisers raised its stake in Universal Display Corp. by 6.0% in the fourth quarter. Rhumbline Advisers now owns 45,413 shares of the company’s stock worth $2,472,000 after buying an additional 2,570 shares during the period.

Universal Display Corporation is engaged in the research, development and commercialization of organic light emitting diode (OLED), technologies and materials for use in displays for wearables, smartphones, tablets and televisions, as well as solid-state lighting applications. The Company’s flat panel displays are used for various portable consumer electronics products, such as mobile phones, wearables, portable media devices, digital cameras, tablets and notebook computers.

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