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

Universal Display (NASDAQ:OLED) had its price target lifted by analysts at Oppenheimer from $200.00 to $250.00 in a research report issued on Wednesday, Benzinga reports. The firm presently has an “outperform” rating on the semiconductor company’s stock. Oppenheimer’s price target indicates a potential upside of 17.13% from the company’s previous close.

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

Universal Display Price Performance

Shares of OLED stock opened at $213.44 on Wednesday. The company has a market cap of $10.13 billion, a price-to-earnings ratio of 46.40, a PEG ratio of 2.28 and a beta of 1.42. Universal Display has a 1 year low of $133.67 and a 1 year high of $215.06. The firm has a fifty day moving average price of $183.42 and a 200-day moving average price of $176.93.

Universal Display (NASDAQ:OLED) last issued its quarterly earnings results on Thursday, May 2nd. The semiconductor company reported $1.19 EPS for the quarter, topping analysts’ consensus estimates 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 during the quarter, compared to analysts’ expectations of $150.75 million. During the same quarter in the prior year, the business posted $0.83 earnings per share. The business’s quarterly revenue was up 26.7% on a year-over-year basis. Equities research analysts expect that Universal Display will post 4.75 EPS for the current year.

Insider Activity at Universal Display

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

Institutional Trading of Universal Display

A number of institutional investors have recently modified their holdings of OLED. Benjamin F. Edwards & Company Inc. purchased a new stake in Universal Display during the fourth quarter valued at approximately $25,000. ORG Partners LLC acquired a new stake in Universal Display in the first quarter worth about $27,000. Orion Capital Management LLC purchased a new stake in shares of Universal Display during the third quarter worth about $31,000. Principal Securities Inc. purchased a new stake in shares of Universal Display during the fourth quarter worth about $34,000. Finally, Tsfg LLC acquired a new position in shares of Universal Display during the first quarter valued at about $34,000. 78.19% of the stock is currently owned by institutional investors.

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.