Universal Display Corporation Given Optimistic Recommendation from Susquehanna Bancshares

Lloyd Doyle
September 6, 2017

The Company has also established relationships with companies such as AU Optronics Corporation, BOE Technology, DuPont Displays, Inc., EverDisplay Optronics (Shanghai) Limited, Innolux Corporation, Japan Display Inc., Kaneka Corporation, Konica Minolta Technology Center, Inc., LG Display Co., Ltd., Lumiotec, Inc., OLEDWorks LLC, OSRAM, Pioneer Corporation, Samsung Display Co., Ltd., Sumitomo Chemical Company, Ltd., Tianma Micro-electronics and Tohoku Pioneer Corporation. Russell Investments Group Ltd. increased its stake in Universal Display Corporation by 292.4% in the first quarter. If you are viewing this piece on another publication, it was illegally copied and republished in violation of worldwide copyright law. Universal Display Corporation has a 12-month low of $47.88 and a 12-month high of $130.65. FNY Partners Fund LP purchased a new position in shares of Universal Display Corporation in the first quarter valued at $146,000. Universal Display Corporation (OLED) has a market cap of $5.97 billion and over the last 12 months, Universal Display Corporation (NASDAQ:OLED) has gone stronger by 125.84%. Finally, Deutsche Bank AG began coverage on shares of Universal Display Corporation in a research report on Wednesday, August 30th. The corporation has a valuation of $6.10 B, a PE book ratio of 75.19 along with a stock beta of 0.98. the share has a 50 Day SMA of $117.85 along with a 200 - day SMA of $104.24. BidaskClub lowered shares of Universal Display Corporation from a "hold" rating to a "sell" rating in a report on Saturday, August 12th. Universal Display Corporation now has an average rating of "Buy" and a consensus target price of $119.89.

Universal Display Corporation (NASDAQ:OLED)'s stock had its "positive" rating reiterated by equities research analysts at Susquehanna Bancshares Inc in a report released on Tuesday. IFP Advisors Inc now owns 1,080 shares of the semiconductor company's stock valued at $118,000 after purchasing an additional 815 shares during the last quarter. Analysts have placed a $133.67 price target on Universal Display Corporation, suggesting a 5.29% gain from recent close. Universal Display Corporation has a consensus rating of "Buy" and a consensus target price of $119.89. The sale was disclosed in a filing with the SEC, which is accessible through the SEC website. Next quarter's EPS is expected be $0.80 with next year's EPS anticipated to be $2.85. BNP Paribas Arbitrage has an ownership of 1,536 stocks of the semiconductor firms shares valued at $168,000 following purchasing an extra 680 stocks in the previous period. large institution funds own 64.31% of the firms stock. Over the last three months, the shares of the company have changed 24.20% and performed 34.24% over the last six months. To learn more about Universal Display Corporation, please visit http://www.oled.com. The legal version of this piece can be viewed at https://weekherald.com/2017/09/05/alps-advisors-inc-raises-stake-in-universal-display-corporation-oled.html.

Universal Display Corporation (NASDAQ OLED) opened at 129.70 on Wednesday. The shares were sold at an average price of $124.53, for a total value of $2,241,540.00. A total volume of 2.71 million shares were traded versus to average volume of 1.63 million shares.


In other news, CEO Steven V. Abramson sold 18,000 shares of Universal Display Corporation stock in a transaction that occurred on Wednesday, July 19th. Following the completion of the sale, the insider now owns 162,932 shares in the company, valued at approximately $20,366,500. The disclosure for this sale can be found here. Institutions now own -9.67% of the company. Next quarter's EPS is forecasted to be $0.80 with next year's EPS projected to be $2.85. The firm's revenue for the quarter was up 59.2% compared to the same quarter a year ago. Shareholders of record on Friday, September 15th will be given a $0.03 dividend. "NY Purchases 62,539 Shares of Universal Display Corporation (OLED)" was originally published by StockNewsTimes and is owned by of StockNewsTimes. The Company dividend yield observed at 0.09%. The ex-dividend date of this dividend is Thursday, September 14th.

Universal Display Corporation and the Universal Display Corporation logo are trademarks or registered trademarks of Universal Display Corporation. They may also be used to assist the trader figure out proper support and resistance levels for the stock.

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