Universal Display Corporation (NASDAQ:OLED) Price Target & New Coverage by Summit Research
New York: Universal Display Corporation (NASDAQ:OLED) coverage was was started with a Hold rating and $31.00 price target at Summit Research. Summit Research’s target would suggest downside of -8.55% from the company’s previous stock close.
In spite of the new coverage NASDAQ:OLED is currently trading -4.39% lower at $33.90 as of 14:07 New York time. Universal Display Corporation shares have increased 28.26% over the past 200 days, while the S&P500 has decreased -6.24% for the same time period.
According to data compiled by Thomson Reuters, Universal Display Corporation (NASDAQ:OLED)’s stock is covered by 6 equity analysts across the Street, with 0 analysts giving it a Sell rating, 6 a Buy rating, while 3 consider it a Hold. The 12-month consensus target price for the stock is $54.5, which reflects an upside potential of 60.77% over the current price.
Institutional Ownership
Domini Social Investments Llc had the largest stake with ownership of 9,728 shares as of Q2 2015 for 7.76% of the stocks portfolio. Discovery Capital Management Llc Ct is another very bullish investment professional who is having 5.14M shares of Universal Display Corporation or 3.13% of their stocks portfolio. In addition, Princeton Capital Management Inc have 2.36% of their stocks portfolio invested in the company for 86,226 shares. The -based fund Avenir Corp disclosed it had bought a stake worth about 2.08% of the investment professional’s stock portfolio in Universal Display Corporation. The Pennsylvania-based fund Muhlenkamp & Co Inc is also positive about the stock, possessing 544,507 shares or 2.08% of their stocks portfolio.
Universal Display Corporation (NASDAQ:OLED) Profile
Universal Display Corporation 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 a variety of portable consumer electronics products, such as cell phones, portable media devices, digital cameras, tablets and laptop computers. The Company 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 provides technical assistance and support to these manufacturers.
Universal Display Corporation (NASDAQ:OLED) traded down -4.39% on 28 September, hitting $33.9. A total of 291,733 shares of the company’s stock traded hands. This is down from average of 439,043 shares. Universal Display Corporation has a 52 week low of $24.78 and a 52 week high of $55.83. The company has a market cap of $1.63B and a P/E ratio of 221.99.
