Universal Display (NASDAQ:OLED) Sets New 1-Year Low – Should You Sell?

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

Wall Street Analysts Forecast Growth

A number of equities analysts have recently commented on the company. TD Cowen lowered their price target on Universal Display from $250.00 to $225.00 and set a “buy” rating for the company in a report on Thursday, October 31st. Oppenheimer lowered their price objective on shares of Universal Display from $220.00 to $200.00 and set an “outperform” rating for the company in a research note on Thursday, January 2nd. Finally, Needham & Company LLC restated a “buy” rating and set a $215.00 price objective on shares of Universal Display in a report on Thursday, January 16th. One equities research analyst has rated the stock with a hold rating and five have issued a buy rating to the stock. According to MarketBeat.com, Universal Display presently has an average rating of “Moderate Buy” and a consensus target price of $212.50.

Universal Display Trading Up 3.5 %

The stock has a fifty day simple moving average of $153.73 and a two-hundred day simple moving average of $181.80. The firm has a market cap of $7.18 billion, a PE ratio of 30.40, a price-to-earnings-growth ratio of 1.62 and a beta of 1.40.

Universal Display (NASDAQ:OLED) last issued its earnings results on Wednesday, October 30th. The semiconductor company reported $1.40 earnings per share for the quarter, beating the consensus estimate of $1.19 by $0.21. The company had revenue of $161.63 million during the quarter, compared to analysts’ expectations of $165.28 million. Universal Display had a return on equity of 15.75% and a net margin of 36.98%. Universal Display’s quarterly revenue was up 14.6% compared to the same quarter last year. During the same period in the prior year, the business posted $1.08 EPS. As a group, sell-side analysts predict that Universal Display Co. will post 4.77 earnings per share for the current fiscal year.

Insider Buying and Selling

In related news, Director Lawrence Lacerte bought 742 shares of the firm’s stock in a transaction on Monday, November 4th. The stock was acquired at an average cost of $180.89 per share, for a total transaction of $134,220.38. Following 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 filing with the Securities & Exchange Commission, which is accessible through this link. 1.90% of the stock is currently owned by insiders.

Institutional Inflows and Outflows

A number of institutional investors have recently made changes to their positions in the company. Nisa Investment Advisors LLC boosted its stake in Universal Display by 60.2% during the third quarter. Nisa Investment Advisors LLC now owns 173 shares of the semiconductor company’s stock worth $36,000 after buying an additional 65 shares during the period. UMB Bank n.a. boosted its stake in Universal Display by 42.1% in the 3rd quarter. UMB Bank n.a. now owns 324 shares of the semiconductor company’s stock worth $68,000 after purchasing an additional 96 shares in the last quarter. Glenmede Trust Co. NA increased its holdings in shares of Universal Display by 1.6% in 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. Louisiana State Employees Retirement System raised its holdings in shares of Universal Display by 0.8% during the fourth quarter. Louisiana State Employees Retirement System now owns 12,300 shares of the semiconductor company’s stock worth $1,798,000 after purchasing an additional 100 shares during the last quarter. Finally, OLD National Bancorp IN increased its holdings in Universal Display by 4.3% in the 4th quarter. OLD National Bancorp IN now owns 2,527 shares of the semiconductor company’s stock worth $369,000 after acquiring an additional 104 shares in the last quarter. Hedge funds and other institutional investors own 78.19% of the company’s stock.

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.