Universal Display (NASDAQ:OLED) Hits New 52-Week Low – Should You Sell?

Shares of Universal Display Co. (NASDAQ:OLED) hit a new 52-week low on Tuesday . The stock traded as low as $143.06 and last traded at $142.60, with a volume of 199597 shares. The stock had previously closed at $150.26.

Wall Street Analyst Weigh In

OLED has been the subject of several research reports. Oppenheimer reduced their price target on Universal Display from $220.00 to $200.00 and set an “outperform” rating for the company in a report on Thursday, January 2nd. Needham & Company LLC reiterated a “buy” rating and issued a $215.00 target price on shares of Universal Display in a research note on Thursday, January 16th. Finally, TD Cowen cut their price target on shares of Universal Display from $250.00 to $225.00 and set a “buy” rating on the stock in a report on Thursday, October 31st. One research analyst has rated the stock with a hold rating and five have assigned a buy rating to the company. Based on data from MarketBeat, Universal Display currently has a consensus rating of “Moderate Buy” and an average target price of $212.50.

Universal Display Stock Down 3.4 %

The stock’s 50-day moving average price is $154.81 and its 200 day moving average price is $182.83. The company has a market cap of $6.89 billion, a P/E ratio of 29.15, a price-to-earnings-growth ratio of 1.62 and a beta of 1.40.

Universal Display (NASDAQ:OLED) last announced its earnings results on Wednesday, October 30th. The semiconductor company reported $1.40 EPS for the quarter, topping the consensus estimate of $1.19 by $0.21. Universal Display had a net margin of 36.98% and a return on equity of 15.75%. The firm had revenue of $161.63 million for the quarter, compared to the consensus estimate of $165.28 million. During the same quarter last year, the firm posted $1.08 EPS. The business’s quarterly revenue was up 14.6% on a year-over-year basis. Analysts expect that Universal Display Co. will post 4.77 earnings per share for the current fiscal year.

Insider Buying and Selling at Universal Display

In related news, Director Lawrence Lacerte bought 742 shares of Universal Display stock in a transaction that occurred on Monday, November 4th. The stock was acquired at an average price of $180.89 per share, for a total transaction of $134,220.38. Following the completion of the purchase, the director now owns 122,372 shares in the company, valued at approximately $22,135,871.08. This represents a 0.61 % increase in their ownership of the stock. The acquisition was disclosed in a document filed with the SEC, which is accessible through this hyperlink. Insiders own 1.90% of the company’s stock.

Hedge Funds Weigh In On Universal Display

Large investors have recently added to or reduced their stakes in the company. Glenmede Trust Co. NA increased its position in shares of Universal Display by 1.6% during the third quarter. Glenmede Trust Co. NA now owns 6,046 shares of the semiconductor company’s stock valued at $1,269,000 after purchasing an additional 97 shares during the period. BNP Paribas Financial Markets increased its holdings in Universal Display by 8.8% in the 3rd quarter. BNP Paribas Financial Markets now owns 52,713 shares of the semiconductor company’s stock valued at $11,064,000 after buying an additional 4,269 shares during the period. Montanaro Asset Management Ltd raised its stake in shares of Universal Display by 217.4% in the 3rd quarter. Montanaro Asset Management Ltd now owns 63,260 shares of the semiconductor company’s stock valued at $13,278,000 after buying an additional 43,330 shares in the last quarter. Cerity Partners LLC lifted its holdings in shares of Universal Display by 385.2% during the 3rd quarter. Cerity Partners LLC now owns 8,588 shares of the semiconductor company’s stock worth $1,803,000 after acquiring an additional 6,818 shares during the period. Finally, Janney Montgomery Scott LLC boosted its position in shares of Universal Display by 625.9% during the 3rd quarter. Janney Montgomery Scott LLC now owns 40,989 shares of the semiconductor company’s stock valued at $8,604,000 after acquiring an additional 35,342 shares in the last quarter. Institutional investors and hedge funds own 78.19% of the company’s stock.

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 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.