The stock of Universal Display Corporation (NASDAQ:OLED) is a huge mover today! About 301,097 shares traded hands. Universal Display Corporation (NASDAQ:OLED) has risen 16.18% since February 29, 2016 and is uptrending. It has outperformed by 3.96% the S&P500.
The move comes after 5 months positive chart setup for the $2.64 billion company. It was reported on Oct, 3 by Barchart.com. We have $89.65 PT which if reached, will make NASDAQ:OLED worth $1.58 billion more.
Analysts await Universal Display Corporation (NASDAQ:OLED) to report earnings on November, 3.
Universal Display Corporation (NASDAQ:OLED) Ratings Coverage
Out of 5 analysts covering Universal Display (NASDAQ:OLED), 2 rate it a “Buy”, 0 “Sell”, while 3 “Hold”. This means 40% are positive. Universal Display has been the topic of 8 analyst reports since August 11, 2015 according to StockzIntelligence Inc. The rating was downgraded by Gabelli on Friday, May 6 to “Hold”. On Monday, May 23 the stock rating was upgraded by Goldman Sachs to “Buy”. The firm earned “Hold” rating on Wednesday, December 9 by Canaccord Genuity. The stock has “Hold” rating given by Zacks on Tuesday, August 11. The firm has “Hold” rating given on Monday, September 28 by Summit Research. Goldman Sachs downgraded it to “Neutral” rating and $40.0 target price in Friday, October 16 report.
According to Zacks Investment Research, “Universal Display Corporation is located in the Princeton Crossroads Corporate Center in Ewing, New Jersey, minutes away from its research partner at Princeton University. Universal Display’s state-of-the-art facility is designed to further technology and materials development, technology transfer to manufacturing partners and work with customers to develop OLED products that meet their needs.”
Insitutional Activity: The institutional sentiment decreased to 0.94 in 2016 Q2. Its down 0.40, from 1.34 in 2016Q1. The ratio turned negative, as 31 funds sold all Universal Display Corporation shares owned while 68 reduced positions. 33 funds bought stakes while 60 increased positions. They now own 30.66 million shares or 1.67% more from 30.16 million shares in 2016Q1.
Moreover, Strs Ohio has 0% invested in Universal Display Corporation (NASDAQ:OLED) for 5,600 shares. Genesee Valley Tru owns 3,939 shares or 0.17% of their US portfolio. Quantitative Investment Mngmt Limited reported 19,500 shares or 0.06% of all its holdings. Moreover, Primecap Management Communications Ca has 0.08% invested in Universal Display Corporation (NASDAQ:OLED) for 1.14 million shares. California State Teachers Retirement accumulated 0.01% or 87,099 shares. The Pennsylvania-based Federated Investors Pa has invested 0% in Universal Display Corporation (NASDAQ:OLED). Sigma Planning Corporation has 0.16% invested in the company for 17,614 shares. Delta Lloyd Nv has 53,000 shares for 0.12% of their US portfolio. Tdam Usa Inc holds 33,009 shares or 0.11% of its portfolio. Parallax Volatility Advisers L P holds 0% of its portfolio in Universal Display Corporation (NASDAQ:OLED) for 1,359 shares. Morgan Stanley, a New York-based fund reported 234,289 shares. Raymond James Associate has 44,390 shares for 0.01% of their US portfolio. Qs Invsts Ltd Liability Corp has invested 0% of its portfolio in Universal Display Corporation (NASDAQ:OLED). Retail Bank Of Montreal Can holds 0% or 458 shares in its portfolio. Bridges Investment Counsel last reported 5,000 shares in the company.
More notable recent Universal Display Corporation (NASDAQ:OLED) news were published by: Schaeffersresearch.com which released: “Universal Display Corporation (OLED) Calls Catch Fire on Possible Apple Snub” on September 30, 2016, also Fool.com with their article: “Why Universal Display Corporation Fell 19% in August” published on September 11, 2016, Fool.com published: “Universal Display Corp. Just Made a Compelling Strategic Acquisition” on June 24, 2016. More interesting news about Universal Display Corporation (NASDAQ:OLED) were released by: Fool.com and their article: “Why Universal Display Corp. Just Hit an All-Time High” published on June 08, 2016 as well as Fool.com‘s news article titled: “Universal Display Corporation Earnings: Right Where It Wants to Be” with publication date: May 06, 2016.
OLED Company Profile
Universal Display Corporation, incorporated on April 24, 1985, is engaged in the research, development and commercialization of organic light emitting diode (OLED), technologies and materials for use in displays for wearables, smartphones, tablets and televisions, as well as solid-state lighting applications. The Company’s flat panel displays are used for various portable consumer electronics products, such as mobile phones, wearables, portable media devices, digital cameras, tablets and notebook computers. 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 Firm has produced and sold phosphorescent emitter materials that produce red, yellow, green and light-blue light, which are combined in various ways for the flat panel display and the lighting market. It has also developed host materials for the emissive layer.
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