Universal Display Corporation (OLED) Now Covered by Analysts at Susquehanna Bancshares Inc

Analysts at Susquehanna Bancshares Inc initiated coverage on shares of Universal Display Corporation (NASDAQ:OLED) in a research report issued to clients and investors on Wednesday. The firm set a “positive” rating on the stock.

Other research analysts have also issued research reports about the stock. TheStreet lowered shares of Universal Display Corporation from a “buy” rating to a “hold” rating in a research report on Tuesday, November 8th. Oppenheimer Holdings, Inc. restated a “market perform” rating on shares of Universal Display Corporation in a research report on Monday, November 7th. Gabelli upgraded shares of Universal Display Corporation from a “hold” rating to a “buy” rating and set a $68.00 price target on the stock in a research report on Friday, November 4th. Canaccord Genuity decreased their price target on shares of Universal Display Corporation from $51.00 to $49.00 and set a “hold” rating on the stock in a research report on Monday, November 7th. Finally, Zacks Investment Research lowered shares of Universal Display Corporation from a “hold” rating to a “sell” rating in a research report on Wednesday, January 4th. One analyst has rated the stock with a sell rating, five have assigned a hold rating and four have given a buy rating to the stock. The company presently has an average rating of “Hold” and an average target price of $67.40.

Analyst Recommendations for Universal Display Corporation (NASDAQ:OLED)

Universal Display Corporation (NASDAQ:OLED) opened at 67.15 on Wednesday. The company has a 50 day moving average price of $61.29 and a 200 day moving average price of $58.33. The stock has a market capitalization of $3.15 billion, a price-to-earnings ratio of 80.61 and a beta of 1.27. Universal Display Corporation has a 12 month low of $42.30 and a 12 month high of $74.39.

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Large investors have recently modified their holdings of the stock. Guggenheim Capital LLC raised its stake in shares of Universal Display Corporation by 16.7% in the fourth quarter. Guggenheim Capital LLC now owns 4,827 shares of the company’s stock worth $272,000 after buying an additional 690 shares during the period. Avenir Corp raised its stake in shares of Universal Display Corporation by 0.5% in the fourth quarter. Avenir Corp now owns 473,652 shares of the company’s stock worth $26,667,000 after buying an additional 2,169 shares during the period. Newbrook Capital Advisors LP bought a new stake in shares of Universal Display Corporation during the fourth quarter worth about $14,349,000. Friess Associates LLC bought a new stake in shares of Universal Display Corporation during the fourth quarter worth about $3,012,000. Finally, Millrace Asset Group Inc. bought a new stake in shares of Universal Display Corporation during the fourth quarter worth about $754,000. 67.82% of the stock is owned by institutional investors.

Universal Display Corporation Company Profile

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.

5 Day Chart for NASDAQ:OLED

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