Universal Display (NASDAQ:OLED) Downgraded to “Sell” Rating by Wall Street Zen

Wall Street Zen downgraded shares of Universal Display (NASDAQ:OLED) from a hold rating to a sell rating in a research note released on Saturday morning.

OLED has been the subject of a number of other reports. Weiss Ratings reiterated a “hold (c-)” rating on shares of Universal Display in a report on Wednesday, December 24th. Citigroup dropped their price objective on Universal Display from $150.00 to $130.00 and set a “neutral” rating for the company in a report on Tuesday, January 27th. Zacks Research lowered Universal Display from a “strong-buy” rating to a “hold” rating in a research report on Wednesday, November 19th. Finally, Needham & Company LLC restated a “buy” rating and set a $150.00 target price on shares of Universal Display in a report on Monday, December 22nd. Two investment analysts have rated the stock with a Buy rating and four have issued a Hold rating to the company’s stock. According to MarketBeat, the company currently has an average rating of “Hold” and a consensus target price of $163.25.

Universal Display Price Performance

Shares of OLED stock opened at $124.90 on Friday. The business has a 50-day moving average of $120.18 and a 200 day moving average of $131.31. Universal Display has a 1-year low of $103.70 and a 1-year high of $164.29. The stock has a market capitalization of $5.94 billion, a PE ratio of 26.92, a P/E/G ratio of 3.51 and a beta of 1.63.

Institutional Investors Weigh In On Universal Display

Several hedge funds have recently made changes to their positions in OLED. Marshall Wace LLP lifted its position in Universal Display by 129.7% during the fourth quarter. Marshall Wace LLP now owns 144,387 shares of the semiconductor company’s stock valued at $16,862,000 after buying an additional 81,522 shares during the period. Avenir Corp lifted its position in Universal Display by 6.5% during the 4th quarter. Avenir Corp now owns 230,181 shares of the semiconductor company’s stock valued at $26,880,000 after acquiring an additional 14,136 shares during the period. CANADA LIFE ASSURANCE Co boosted its stake in Universal Display by 3.3% during the fourth quarter. CANADA LIFE ASSURANCE Co now owns 28,213 shares of the semiconductor company’s stock worth $3,293,000 after acquiring an additional 907 shares in the last quarter. Segall Bryant & Hamill LLC grew its holdings in Universal Display by 16.6% in the fourth quarter. Segall Bryant & Hamill LLC now owns 297,886 shares of the semiconductor company’s stock worth $34,787,000 after purchasing an additional 42,431 shares during the period. Finally, UMB Bank n.a. grew its holdings in Universal Display by 28.3% in the fourth quarter. UMB Bank n.a. now owns 549 shares of the semiconductor company’s stock worth $64,000 after purchasing an additional 121 shares during the period. 78.19% of the stock is currently owned by institutional investors.

Universal Display Company Profile

Universal Display Corporation (NASDAQ: OLED) is a technology company specializing in organic light-emitting diode (OLED) solutions. The company develops and commercializes materials, technologies and software used in the creation of OLED displays and lighting. Its offerings include proprietary phosphorescent OLED (PHOLED) materials, display driver integrated circuits and process technologies that enable higher efficiency, longer lifetimes and improved color performance for a range of display and lighting applications.

Universal Display’s core business is licensing its extensive OLED patent portfolio to display manufacturers and providing them with the key organic materials needed for device fabrication.