Universal Display (NASDAQ:OLED) Sets New 12-Month Low – Time to Sell?

Shares of Universal Display Co. (NASDAQ:OLED) reached a new 52-week low during mid-day trading on Monday . The company traded as low as $142.15 and last traded at $145.55, with a volume of 43493 shares trading hands. The stock had previously closed at $149.92.

Wall Street Analysts Forecast Growth

Several equities analysts recently commented on the company. Oppenheimer reduced their price target on Universal Display from $220.00 to $200.00 and set an “outperform” rating on the stock in a research report on Thursday, January 2nd. TD Cowen reduced their target price on shares of Universal Display from $250.00 to $225.00 and set a “buy” rating on the stock in a research report on Thursday, October 31st. Finally, Needham & Company LLC reaffirmed a “buy” rating and set a $215.00 price target on shares of Universal Display in a report on Thursday, January 16th. One analyst has rated the stock with a hold rating and five have given a buy rating to the company. Based on data from MarketBeat, the stock presently has a consensus rating of “Moderate Buy” and a consensus target price of $212.50.

Universal Display Price Performance

The stock has a market capitalization of $6.84 billion, a price-to-earnings ratio of 28.96, a PEG ratio of 1.64 and a beta of 1.39. The firm’s fifty day moving average is $153.36 and its 200-day moving average is $180.54.

Institutional Inflows and Outflows

Large investors have recently bought and sold shares of the company. Jennison Associates LLC lifted its stake in Universal Display by 58.2% during the fourth quarter. Jennison Associates LLC now owns 683,822 shares of the semiconductor company’s stock worth $99,975,000 after purchasing an additional 251,557 shares during the last quarter. Citigroup Inc. lifted its position in shares of Universal Display by 1,387.6% in the 3rd quarter. Citigroup Inc. now owns 261,723 shares of the semiconductor company’s stock worth $54,936,000 after buying an additional 244,129 shares during the last quarter. Raymond James & Associates boosted its holdings in shares of Universal Display by 629.9% in the 3rd quarter. Raymond James & Associates now owns 269,414 shares of the semiconductor company’s stock valued at $56,550,000 after buying an additional 232,503 shares during the period. Barclays PLC grew its position in shares of Universal Display by 753.8% during the 3rd quarter. Barclays PLC now owns 212,518 shares of the semiconductor company’s stock valued at $44,608,000 after buying an additional 187,627 shares during the last quarter. Finally, Southpoint Capital Advisors LP raised its stake in Universal Display by 46.0% during the third quarter. Southpoint Capital Advisors LP now owns 365,000 shares of the semiconductor company’s stock worth $76,614,000 after acquiring an additional 115,000 shares during the period. Institutional investors own 78.19% of the company’s stock.

Universal Display Company Profile

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.