Is Universal Display Corporation a Buy? The Stock Had Bullish Options Activity Today


 Is Universal Display Corporation a Buy? The Stock Had Bullish Options Activity Today

In today’s session Universal Display Corporation (OLED) registered an unusually high (602) contracts volume of call trades. Someone, most probably a professional was a very active buyer of the March, 2017 call, expecting serious OLED increase. With 602 contracts traded and 5164 open interest for the Mar, 17 contract, it seems this is a quite bullish bet. The option with symbol: OLED170317C00065000 closed last at: $3.7 or 2.8% up. About 1.13 million shares traded hands or 70.78% up from the average. Universal Display Corporation (NASDAQ:OLED) has risen 10.77% since March 1, 2016 and is uptrending. It has outperformed by 1.53% the S&P500.

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. $70 is the highest target while $31 is the lowest. The $48.25 average target is -9.15% below today’s ($53.11) stock price. Universal Display has been the topic of 8 analyst reports since August 11, 2015 according to StockzIntelligence Inc. The firm has “Hold” rating by Gabelli given on Friday, May 6. The stock of Universal Display Corporation (NASDAQ:OLED) has “Buy” rating given on Monday, May 23 by Goldman Sachs. Summit Research initiated the shares of OLED in a report on Monday, September 28 with “Hold” rating. As per Tuesday, August 11, the company rating was downgraded by Zacks. Goldman Sachs downgraded Universal Display Corporation (NASDAQ:OLED) rating on Friday, October 16. Goldman Sachs has “Neutral” rating and $40.0 price target. The rating was maintained by Canaccord Genuity on Wednesday, December 9 with “Hold”.

Insitutional Activity: The institutional sentiment decreased to 0.94 in 2016 Q2. Its down 0.40, from 1.34 in 2016Q1. The ratio dropped, 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.
State Of New Jersey Common Pension Fund D holds 438,000 shares or 0.13% of its portfolio. The Georgia-based Advisory Ntwk Ltd Liability has invested 0.1% in Universal Display Corporation (NASDAQ:OLED). California Employees Retirement has 97,100 shares for 0.01% of their US portfolio. Ruggie Capital Gru accumulated 22 shares or 0% of the stock. Raymond James & Assocs has 0.01% invested in the company for 44,390 shares. Deutsche Bank Ag reported 194,380 shares or 0.01% of all its holdings. Macquarie Gru Limited holds 0.01% of its portfolio in Universal Display Corporation (NASDAQ:OLED) for 51,900 shares. The Illinois-based First Tru Advsr L P has invested 0.01% in Universal Display Corporation (NASDAQ:OLED). The Illinois-based Peak6 Invs Limited Partnership has invested 0% in Universal Display Corporation (NASDAQ:OLED). Foundry Limited Liability Co has 3,000 shares for 0.01% of their US portfolio. Muhlenkamp Comm Inc owns 74,930 shares or 1.98% of their US portfolio. Strs Ohio last reported 0% of its portfolio in the stock. Fil Ltd last reported 0.02% of its portfolio in the stock. Hbk Invs L P, a Texas-based fund reported 27,768 shares. Tru Of Vermont last reported 0% of its portfolio in the stock.

Universal Display Corporation is engaged in the research, development and commercialization of organic light emitting diode , technologies and materials for use in displays for wearables, smartphones, tablets and televisions, as well as solid-state lighting applications. The company has a market cap of $2.48 billion. 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. It has a 52.24 P/E ratio. It 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.

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