The Goldman Sachs Group Issues Pessimistic Forecast for Universal Display (NASDAQ:OLED) Stock Price

Universal Display (NASDAQ:OLED) had its price objective decreased by research analysts at The Goldman Sachs Group from $234.00 to $203.00 in a research report issued to clients and investors on Thursday,Benzinga reports. The brokerage currently has a “buy” rating on the semiconductor company’s stock. The Goldman Sachs Group’s price target indicates a potential upside of 39.33% from the company’s current price.

Several other brokerages have also recently commented on OLED. Needham & Company LLC reissued a “buy” rating and issued a $215.00 price target on shares of Universal Display in a research report on Thursday, January 16th. Oppenheimer lowered their target price on Universal Display from $220.00 to $200.00 and set an “outperform” rating for the company in a research note on Thursday, January 2nd. Finally, TD Cowen reduced their price target on Universal Display from $250.00 to $225.00 and set a “buy” rating on the stock in a research report on Thursday, October 31st. One investment analyst has rated the stock with a hold rating and five have given a buy rating to the company’s stock. Based on data from MarketBeat.com, the stock currently has an average rating of “Moderate Buy” and an average price target of $205.83.

Universal Display Price Performance

Shares of NASDAQ:OLED opened at $145.70 on Thursday. The firm has a market capitalization of $6.91 billion, a PE ratio of 29.26, a price-to-earnings-growth ratio of 1.64 and a beta of 1.39. Universal Display has a 1 year low of $142.15 and a 1 year high of $237.00. The firm’s 50-day moving average is $152.20 and its two-hundred day moving average is $179.23.

Institutional Inflows and Outflows

Institutional investors and hedge funds have recently made changes to their positions in the business. Nisa Investment Advisors LLC increased its stake in Universal Display by 60.2% in the third quarter. Nisa Investment Advisors LLC now owns 173 shares of the semiconductor company’s stock valued at $36,000 after purchasing an additional 65 shares during the last quarter. CIBC Asset Management Inc boosted its holdings in shares of Universal Display by 5.2% in the 4th quarter. CIBC Asset Management Inc now owns 1,473 shares of the semiconductor company’s stock valued at $215,000 after buying an additional 73 shares in the last quarter. UMB Bank n.a. grew its position in shares of Universal Display by 42.1% in the 3rd quarter. UMB Bank n.a. now owns 324 shares of the semiconductor company’s stock valued at $68,000 after buying an additional 96 shares during the last quarter. Glenmede Trust Co. NA raised its stake in Universal Display by 1.6% during the 3rd quarter. Glenmede Trust Co. NA now owns 6,046 shares of the semiconductor company’s stock worth $1,269,000 after acquiring an additional 97 shares in the last quarter. Finally, Louisiana State Employees Retirement System lifted its position in Universal Display by 0.8% in the fourth quarter. Louisiana State Employees Retirement System now owns 12,300 shares of the semiconductor company’s stock valued at $1,798,000 after acquiring an additional 100 shares during the last quarter. 78.19% of the stock is owned by institutional investors and hedge funds.

About Universal Display

Universal Display Corporation engages in the research, development, and commercialization of organic light emitting diode (OLED) technologies and materials for use in display and solid-state lighting applications in the United States and internationally. The company offers PHOLED technologies and materials for displays and lighting products under the UniversalPHOLED brand.