Stock Worth Mentioning: Is Selling Universal Display Corporation Here a Winning Strategy?

Stock Worth Mentioning: Is Selling Universal Display Corporation Here a Winning Strategy?

The stock of Universal Display Corporation (NASDAQ:OLED) is a huge mover today! About 1.21 million shares traded hands or 77.21% up from the average. Universal Display Corporation (NASDAQ:OLED) has risen 3.62% since March 8, 2016 and is uptrending. It has underperformed by 5.70% the S&P500.
The move comes after 6 months negative chart setup for the $2.39 billion company. It was reported on Oct, 11 by We have $46.69 PT which if reached, will make NASDAQ:OLED worth $167.30M less.

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 stock of Universal Display Corporation (NASDAQ:OLED) earned “Hold” rating by Canaccord Genuity on Wednesday, December 9. Goldman Sachs downgraded the shares of OLED in a report on Friday, October 16 to “Neutral” rating. The stock of Universal Display Corporation (NASDAQ:OLED) has “Hold” rating given on Friday, May 6 by Gabelli. As per Monday, May 23, the company rating was upgraded by Goldman Sachs. The stock has “Hold” rating given by Summit Research on Monday, September 28. The firm earned “Hold” rating on Tuesday, August 11 by Zacks.

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 Q2 2016. Its down 0.40, from 1.34 in 2016Q1. The ratio worsened, 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.
Amg Tru Natl Bank last reported 0.07% of its portfolio in the stock. Condor Cap Mgmt has 0.09% invested in the company for 5,531 shares. Moreover, Quentec Asset Limited Liability Com has 1.31% invested in Universal Display Corporation (NASDAQ:OLED) for 155,861 shares. Usa Fin Portformulas last reported 5,680 shares in the company. Moreover, Domini Social Ltd Limited Liability Company has 9.04% invested in Universal Display Corporation (NASDAQ:OLED) for 3,107 shares. The Illinois-based Citadel Limited Com has invested 0% in Universal Display Corporation (NASDAQ:OLED). Strs Ohio accumulated 0% or 5,600 shares. Systematic Mgmt L P reported 295,909 shares or 0.27% of all its holdings. California State Teachers Retirement System last reported 87,099 shares in the company. Keywise last reported 521,200 shares in the company. Primecap Management Communications Ca reported 1.14M shares or 0.08% of all its holdings. Moreover, Swiss National Bank & Trust has 0.01% invested in Universal Display Corporation (NASDAQ:OLED) for 69,000 shares. Eam Ltd Llc has invested 0.55% of its portfolio in Universal Display Corporation (NASDAQ:OLED). Teachers Advsr Inc last reported 78,021 shares in the company. Brown Advisory Securities Ltd Liability Corporation last reported 19,000 shares in the company.

More notable recent Universal Display Corporation (NASDAQ:OLED) news were published by: which released: “Why Universal Display Corporation Fell 19% in August” on September 11, 2016, also with their article: “Universal Display Corp. Just Made a Compelling Strategic Acquisition” published on June 24, 2016, published: “Universal Display Corporation Earnings: Right Where It Wants to Be” on May 06, 2016. More interesting news about Universal Display Corporation (NASDAQ:OLED) were released by: and their article: “Why Universal Display Corp. Just Hit an All-Time High” published on June 08, 2016 as well as‘s news article titled: “Why Universal Display Corporation Gained 15% in May” with publication date: June 11, 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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