Universal Display (NASDAQ:OLED) “Buy” Rating Maintained Today By Needham; The Target Price is Set to $145

August 10, 2018 - By Tina Thibodeau

Universal Display Corporation (NASDAQ:OLED) Logo

Investors sentiment decreased to 0.99 in Q1 2018. Its down 0.20, from 1.19 in 2017Q4. It is negative, as 81 investors sold Universal Display Corporation shares while 77 reduced holdings. 66 funds opened positions while 91 raised stakes. 29.55 million shares or 3.95% more from 28.43 million shares in 2017Q4 were reported.

Bluecrest Cap Mngmt reported 0.02% stake. Canada Pension Plan Board holds 0% of its portfolio in Universal Display Corporation (NASDAQ:OLED) for 28,718 shares. Epoch Inv accumulated 1.23% or 3.44 million shares. Primecap Com Ca holds 643,575 shares or 0.05% of its portfolio. 13,060 were accumulated by Creative Planning. Paloma Prns Management Com holds 0.03% or 21,864 shares in its portfolio. First Republic Investment Management has invested 0% of its portfolio in Universal Display Corporation (NASDAQ:OLED). Balyasny Asset Mngmt Limited Liability Corp stated it has 0% of its portfolio in Universal Display Corporation (NASDAQ:OLED). Eqis Capital Management stated it has 4,147 shares. Bryn Mawr Trust holds 0.04% in Universal Display Corporation (NASDAQ:OLED) or 6,600 shares. 5,236 are owned by Brinker Capital Incorporated. Adirondack Tru Commerce invested in 0% or 17 shares. Pictet Asset Mgmt Limited owns 37,591 shares or 0.01% of their US portfolio. The Pennsylvania-based Vantage Advsrs Llc has invested 0% in Universal Display Corporation (NASDAQ:OLED). Stratos Wealth Prns reported 326 shares stake.

Universal Display (NASDAQ:OLED) Rating Reaffirmed

Needham now has a $145 target price per share on the $5.41B market cap company or 26.25 % upside potential. In analysts note sent to investors and clients on Friday, 10 August, Universal Display (NASDAQ:OLED) shares have had their “Buy” Rating maintained by equity analysts at Needham.

Universal Display Corporation (NASDAQ:OLED) Ratings Coverage

Among 8 analysts covering Universal Display (NASDAQ:OLED), 8 have Buy rating, 0 Sell and 0 Hold. Therefore 100% are positive. Universal Display has $225.0 highest and $12000 lowest target. $163.71’s average target is 42.54% above currents $114.85 stock price. Universal Display had 11 analyst reports since February 20, 2018 according to SRatingsIntel. The stock of Universal Display Corporation (NASDAQ:OLED) has “Buy” rating given on Tuesday, April 17 by Oppenheimer. The stock of Universal Display Corporation (NASDAQ:OLED) earned “Buy” rating by Goldman Sachs on Tuesday, May 29. The rating was maintained by Susquehanna with “Buy” on Friday, February 23. The stock of Universal Display Corporation (NASDAQ:OLED) earned “Buy” rating by Roth Capital on Monday, May 21. The stock has “Buy” rating by Deutsche Bank on Friday, February 23. Susquehanna maintained Universal Display Corporation (NASDAQ:OLED) rating on Monday, April 23. Susquehanna has “Buy” rating and $16500 target. The stock of Universal Display Corporation (NASDAQ:OLED) has “Buy” rating given on Tuesday, March 20 by Goldman Sachs. The stock has “Buy” rating by Cowen & Co on Tuesday, February 20. The rating was upgraded by Needham on Tuesday, February 20 to “Buy”. The stock of Universal Display Corporation (NASDAQ:OLED) has “Buy” rating given on Tuesday, March 20 by Gabelli.

The stock increased 13.54% or $13.7 during the last trading session, reaching $114.85. About 4.37 million shares traded or 285.36% up from the average. Universal Display Corporation (NASDAQ:OLED) has declined 13.16% since August 10, 2017 and is downtrending. It has underperformed by 25.73% the S&P500.

Universal Display Corporation engages in the research, development, and commercialization of organic light emitting diode technologies and materials for use in flat panel displays and solid-state lighting applications. The company has market cap of $5.41 billion. It owns, exclusively licenses, or has the sole right to sublicense approximately 4,200 patents issued and pending worldwide. It has a 54.98 P/E ratio. The firm licenses and supplies its proprietary UniversalPHOLED materials to display manufacturers and others.

More notable recent Universal Display Corporation (NASDAQ:OLED) news were published by: Schaeffersresearch.com which released: “VIX Pops as Lira Crash Sinks Dow” on August 10, 2018, also Nasdaq.com with their article: “3 of the Worst Growth Stocks of 2018 (So Far)” published on July 15, 2018, Nasdaq.com published: “Why Universal Display Corporation Stock Soared Today” on August 10, 2018. More interesting news about Universal Display Corporation (NASDAQ:OLED) were released by: Fool.com and their article: “How Universal Display Corp. Stock Rose 12% Last Month” published on August 06, 2018 as well as Fool.com‘s news article titled: “The 3 Worst Tech Stocks of 2018 (So Far)” with publication date: August 04, 2018.

Universal Display Corporation (NASDAQ:OLED) Institutional Positions Chart

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