Universal Display (NASDAQ:OLED) PT Raised to $250.00 at Oppenheimer

Universal Display (NASDAQ:OLED) had its price objective hoisted by equities researchers at Oppenheimer from $200.00 to $250.00 in a research note issued on Wednesday, Benzinga reports. The firm presently has an “outperform” rating on the semiconductor company’s stock. Oppenheimer’s price target points to a potential upside of 14.69% from the stock’s current price.

Separately, Needham & Company LLC upped their target price on Universal Display from $198.00 to $242.00 and gave the stock a “buy” rating in a research note on Tuesday. Two equities research analysts have rated the stock with a hold rating and six have assigned a buy rating to the stock. According to MarketBeat.com, Universal Display presently has a consensus rating of “Moderate Buy” and an average target price of $213.29.

Universal Display Trading Up 2.1 %

Universal Display stock opened at $217.98 on Wednesday. Universal Display has a 12 month low of $133.67 and a 12 month high of $219.31. The stock’s 50 day simple moving average is $185.88 and its two-hundred day simple moving average is $177.50. The firm has a market cap of $10.34 billion, a PE ratio of 47.39, a P/E/G ratio of 2.31 and a beta of 1.42.

Universal Display (NASDAQ:OLED) last released its quarterly earnings data on Thursday, May 2nd. The semiconductor company reported $1.19 EPS for the quarter, topping the consensus estimate of $1.05 by $0.14. Universal Display had a return on equity of 15.57% and a net margin of 36.00%. The business had revenue of $165.26 million for the quarter, compared to analyst estimates of $150.75 million. During the same quarter in the prior year, the firm posted $0.83 EPS. The business’s quarterly revenue was up 26.7% compared to the same quarter last year. On average, equities research analysts forecast that Universal Display will post 4.75 EPS for the current year.

Insider Activity at Universal Display

In related news, SVP Mauro Premutico sold 8,202 shares of the stock in a transaction on Tuesday, May 7th. The stock was sold at an average price of $176.82, for a total value of $1,450,277.64. Following the completion of the transaction, the senior vice president now directly owns 28,743 shares of the company’s stock, valued at approximately $5,082,337.26. The transaction was disclosed in a filing with the SEC, which can be accessed through the SEC website. In related news, SVP Mauro Premutico sold 8,202 shares of the stock in a transaction on Tuesday, May 7th. The stock was sold at an average price of $176.82, for a total value of $1,450,277.64. Following the completion of the transaction, the senior vice president now directly owns 28,743 shares of the company’s stock, valued at approximately $5,082,337.26. The transaction was disclosed in a filing with the SEC, which can be accessed through the SEC website. Also, EVP Julia J. Brown sold 10,358 shares of the stock in a transaction on Wednesday, May 8th. The shares were sold at an average price of $175.00, for a total value of $1,812,650.00. Following the completion of the transaction, the executive vice president now directly owns 56,624 shares of the company’s stock, valued at $9,909,200. The disclosure for this sale can be found here. 1.90% of the stock is owned by corporate insiders.

Institutional Inflows and Outflows

Several hedge funds have recently added to or reduced their stakes in the company. Benjamin F. Edwards & Company Inc. acquired a new stake in shares of Universal Display in the 4th quarter worth $25,000. ORG Partners LLC acquired a new stake in shares of Universal Display in the 1st quarter worth $27,000. Orion Capital Management LLC acquired a new stake in shares of Universal Display in the 3rd quarter worth $31,000. Principal Securities Inc. acquired a new stake in shares of Universal Display in the 4th quarter worth $34,000. Finally, Tsfg LLC acquired a new stake in shares of Universal Display in the 1st quarter worth $34,000. 78.19% of the stock is owned by institutional investors and hedge funds.

Universal Display Company Profile

Universal Display Corporation engages in the research, development, and commercialization of organic light emitting diode (OLED) technologies and materials for use in display and solid-state lighting applications in the United States and internationally. The company offers PHOLED technologies and materials for displays and lighting products under the UniversalPHOLED brand.