Universal Display Corporation (NASDAQ:OLED)‘s stock had its “market perform” rating reaffirmed by research analysts at Oppenheimer Holdings, Inc. in a research report issued on Wednesday.

A number of other brokerages also recently issued reports on OLED. Cowen and Company set a $140.00 price target on shares of Universal Display Corporation and gave the company a “buy” rating in a report on Friday, August 4th. Goldman Sachs Group, Inc. (The) lifted their price target on shares of Universal Display Corporation from $100.00 to $125.00 and gave the company a “buy” rating in a report on Monday, May 8th. Cross Research upgraded shares of Universal Display Corporation from a “hold” rating to a “buy” rating and set a $115.00 price target on the stock in a report on Friday, May 5th. BidaskClub upgraded shares of Universal Display Corporation from a “buy” rating to a “strong-buy” rating in a report on Friday, June 9th. Finally, Benchmark Co. initiated coverage on shares of Universal Display Corporation in a report on Tuesday, April 25th. They issued a “hold” rating on the stock. They noted that the move was a valuation call. Seven investment analysts have rated the stock with a hold rating and six have assigned a buy rating to the company’s stock. The company currently has an average rating of “Hold” and a consensus price target of $117.75.

Universal Display Corporation (NASDAQ:OLED) traded down 1.69% during midday trading on Wednesday, hitting $116.05. 691,872 shares of the company were exchanged. The stock has a market capitalization of $5.46 billion, a price-to-earnings ratio of 96.79 and a beta of 1.05. The stock has a 50 day moving average of $117.40 and a 200-day moving average of $95.75. Universal Display Corporation has a 1-year low of $47.88 and a 1-year high of $130.65.

Universal Display Corporation (NASDAQ:OLED) last announced its quarterly earnings data on Thursday, August 3rd. The semiconductor company reported $0.99 EPS for the quarter, beating the Thomson Reuters’ consensus estimate of $0.68 by $0.31. The firm had revenue of $102.50 million for the quarter, compared to the consensus estimate of $84.81 million. Universal Display Corporation had a net margin of 31.15% and a return on equity of 14.90%. The company’s revenue was up 59.2% on a year-over-year basis. During the same period last year, the firm earned $0.46 EPS. Equities analysts expect that Universal Display Corporation will post $2.08 earnings per share for the current year.

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In other Universal Display Corporation news, CEO Steven V. Abramson sold 18,000 shares of Universal Display Corporation stock in a transaction 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 transaction, the chief executive officer now directly owns 262,888 shares of the company’s stock, valued at approximately $32,737,442.64. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this link. Also, insider Julia J. Brown sold 10,000 shares of Universal Display Corporation stock in a transaction on Wednesday, July 19th. The stock was sold at an average price of $125.00, for a total transaction of $1,250,000.00. Following the completion of the transaction, the insider now directly owns 162,932 shares of the company’s stock, valued at $20,366,500. 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 three months. Corporate insiders own 5.70% of the company’s stock.

Several institutional investors have recently modified their holdings of the company. Vanguard Group Inc. boosted its position in shares of Universal Display Corporation by 4.3% in the first quarter. Vanguard Group Inc. now owns 3,403,157 shares of the semiconductor company’s stock worth $293,012,000 after buying an additional 141,268 shares during the last quarter. BlackRock Inc. boosted its position in shares of Universal Display Corporation by 82,293.2% in the first quarter. BlackRock Inc. now owns 2,817,024 shares of the semiconductor company’s stock worth $242,545,000 after buying an additional 2,813,605 shares during the last quarter. Columbus Circle Investors boosted its position in shares of Universal Display Corporation by 41.5% in the first quarter. Columbus Circle Investors now owns 884,208 shares of the semiconductor company’s stock worth $76,130,000 after buying an additional 259,267 shares during the last quarter. State Street Corp boosted its position in shares of Universal Display Corporation by 3.1% in the first quarter. State Street Corp now owns 788,727 shares of the semiconductor company’s stock worth $67,909,000 after buying an additional 23,770 shares during the last quarter. Finally, Neuberger Berman Group LLC boosted its position in shares of Universal Display Corporation by 18.2% in the second quarter. Neuberger Berman Group LLC now owns 606,472 shares of the semiconductor company’s stock worth $66,257,000 after buying an additional 93,223 shares during the last quarter. 69.40% of the stock is owned by institutional investors and hedge funds.

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)

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