Economy

Universal Display Corporation (NASDAQ:OLED)

The stock of Universal Display Corporation (NASDAQ:OLED) is a huge mover today! The correct version of this report can be accessed at https://www.truebluetribune.com/2017/09/19/crawford-lake-capital-management-llc-has-4-70-million-position-in-universal-display-corporation-oled.html. The dividend payment will be $0.030 per share for the quarter which is $0.12 annualized. Short shares fell from 3,514,154 to 3,417,008 over that timeframe. Neuberger Berman Llc stated it has 0.04% in Universal Display Corporation (NASDAQ:OLED).

OLED has been the topic of several research reports. The value of the investment in OLED increased from $434,000 to $4,004,000 increasing 822.6% quarter to quarter. Sei Invs reported 0.01% stake. There has been an observed change of -9.25% in the ownership of the shares in the past six months. The stock now has a consensus rating of "Buy" and an average price target of $121.11. The percentage of shares being held by the company management was 0.3% while institutional stake was 63.7%. Pnc Finance Services Group has 0% invested in Universal Display Corporation (NASDAQ:OLED) for 8,435 shares. Morgan Stanley has 341,660 shares. 15,969 shares or 99.94% less from 27.25 million shares in 2016Q3 were reported.

Universal Display Corporation, launched on April 24, 1985, is involved in the research, development and commercialization of organic light emitting diode (OLED), technologies and materials for use in display and solid-state lighting applications. The 8 months chart pattern indicates low risk for the $877.03M company. It was reported on Sep, 19 by Barchart.com. If the $19.92 price target is reached, the company will be worth $35.08M more. Overbought is a condition that occurs when prices are considered too high and the probability of decline is higher.

A number of other large investors also recently modified their holdings of the stock.

Universal Display Corporation (NASDAQ:OLED)'s stock has performed at 142.81%. It has outperformed by 98.07% the S&P500. Analysts expect that Universal Display Corporation will post $2.14 earnings per share for the current year. After having $0.99 EPS previously, Universal Display Corporation's analysts see -90.91 % EPS growth. One equities research analyst has rated the stock with a sell rating, three have given a hold rating and four have given a buy rating to the stock. Therefore 43% are positive. The RSI computes momentum as the ratio of higher closes to lower closes: stocks which have had more or stronger positive changes have a higher RSI than stocks which have had more or stronger negative changes. The stock was sold at an average price of $125.00, for a total value of $1,250,000.00. Finally, BidaskClub raised Universal Display Corporation from a "sell" rating to a "hold" rating in a report on Friday, August 25th. Goldman Sachs upgraded the stock to "Buy" rating in Monday, May 23 report. The firm has "Hold" rating by Independent Research given on Tuesday, October 20. They issued a "buy" rating and a $135.00 target price on the stock. Finally, Cowen and Company reaffirmed a "buy" rating and set a $140.00 price target on shares of Universal Display Corporation in a research note on Friday, September 8th. The firm has "Hold" rating given on Tuesday, August 11 by Zacks. Summit Redstone Partners initiated the stock with "Hold" rating in Monday, July 31 report.

Crawford Lake Capital Management LLC increased its position in shares of Universal Display Corporation (NASDAQ:OLED) by 6.6% during the 2nd quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The stock experienced a fall in short interest from August 15, 2017 to August 31, 2017 of -2.76%. The company has a market capitalization of $6.43 billion, a PE ratio of 79.25 and a beta of 0.98. The Firm also supplies its OLED materials to manufacturers of OLED displays and lighting products for evaluation and for use in product development and for pre-commercial activities, and it also provides technical assistance and support to these manufacturers. The Company has produced and sold phosphorescent emitter materials that produce red, yellow, green and light-blue light, which are combined in various ways for the display and lighting markets.



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