Economy

Would You Buy Universal Display Corporation (NASDAQ:OLED) On These Analyst Ratings?

Would You Buy Universal Display Corporation (NASDAQ:OLED) On These Analyst Ratings?”

Analysts await Universal Display Corporation (NASDAQ:OLED) to report earnings on November, 2. This forecast is a point estimate that provides investors with a benchmark against which to directly compare stock price in the short run.Target prices made by analysts employed by large brokers, who have access to a greater resource pool, are more likely to be met over the 12-month forecast period. As of the latest earnings report the EPS was $1.73 and is expected to be $2.14 for the current year with 47,031,000 shares outstanding.

Several other hedge funds have also recently modified their holdings of the company. More specifically, UBI notes that LG Display - which is already Universal Display's second-largest customer behind Samsung Display - will start mass production of OLED light panels at its Gen5 OLED line later this month. The brokerage now has a $161.00 price target on the semiconductor company's stock, up from their previous price target of $150.00. Bank of America Corp DE increased its stake in Universal Display Corporation by 33.4% during the first quarter. As of the end of the quarter Lebenthal Asset Management, LLC had sold 500 shares trimming its stake by 1.1%. Squarepoint Ops LLC augmented its holdings by buying 85,320 shares an increase of 1,146.3%. Russell Investments Group Ltd. now owns 66,412 shares of the semiconductor company's stock worth $5,717,000 after buying an additional 49,488 shares during the last quarter. During last 3 month period, -7.43% of total institutional ownership has changed in the company shares.

07/31/2017 - Summit Redstone Partners began new coverage on Universal Display Corporation giving the company a "hold" rating. Finally, Westwood Management Corp IL raised its holdings in shares of Universal Display Corporation by 70.0% during the second quarter.

The best measure of a company is its profitability, for without it, it can not grow, and if it doesn't grow, then its stock will trend downward. The upbeat movement of both volume and price during the recent session is interpreted as a good sign, and, overall 0.38 million more shares exchanged hands compared with prior day. Following the completion of the transaction, the chief executive officer now directly owns 262,888 shares of the company's stock, valued at approximately $32,737,442.64. The information was declared in a document with the Security and Exchange Commission, which is accessible through the Security and Exchange Commission website. The shares were sold at an average price of $124.53, for a total transaction of $2,241,540.00. The stock price went upward in 6 of the last 10 days and has generated 9.64% during the last two weeks. The disclosure for this sale can be found here. Also, insider Julia J. Brown sold 10,000 shares of the stock in a transaction dated Wednesday, July 19th.

What Historical Figures Say About Universal Display Corporation (NASDAQ:OLED)? If you are viewing this report on another site, it was illegally copied and republished in violation of United States and global copyright & trademark legislation. The correct version of this story can be read at https://www.truebluetribune.com/2017/09/21/universal-display-corporation-oled-stake-lowered-by-granite-point-capital-management-l-p.html.

05/05/2017 - Universal Display Corporation was upgraded to "buy" by analysts at Cross Research.

TRADEMARK VIOLATION WARNING: "Universal Display Corporation (OLED) Rating Reiterated by Goldman Sachs Group, Inc".

05/05/2017 - Universal Display Corporation had its "hold" rating reiterated by analysts at Needham & Company. Zacks Investment Research cut Universal Display Corporation from a "strong-buy" rating to a "hold" rating in a research note on Tuesday, July 18th. Six analysts have rated the stock with a hold rating, seven have assigned a buy rating and one has given a strong buy rating to the company. They set a "buy" rating and a $135.00 price objective for the company.

Among 9 analysts covering Universal Display (NASDAQ:OLED), 5 have Buy rating, 0 Sell and 4 Hold.

Shares of Universal Display Corporation (OLED) opened at 140.10 on Thursday. The company has managed to keep price to sales ratio of 0.00 against an industry average of 94.13. Universal Display Corporation's EPS for the trailing 12 months is 1.77. The Volatility 12m of Universal Display Corporation (NasdaqGS:OLED) is 46.312600. Increasing profits are the best indication that a company can pay dividends and that the share price will trend upward. Image source: Universal Display Corporation. During the same quarter in the previous year, the company posted $0.46 earnings per share. The business's revenue for the quarter was up 59.2% on a year-over-year basis. Shareholders of record on Friday, September 15th will be issued a dividend of $0.03 per share. Cowen & Co maintained the shares of OLED in report on Thursday, September 7 with "Buy" rating.



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