Today’s Stock On Watch: Time to Buy Universal Display Corporation After Today’s Huge Increase?

Today's Stock On Watch: Time to Buy Universal Display Corporation After Today's Huge Increase?

The stock of Universal Display Corporation (NASDAQ:OLED) is a huge mover today! The stock increased 3.79% or $1.89 during the last trading session, hitting $51.7. About 433,985 shares traded hands. Universal Display Corporation (NASDAQ:OLED) has declined 5.54% since March 29, 2016 and is downtrending. It has underperformed by 9.01% the S&P500.
The move comes after 5 months positive chart setup for the $2.43 billion company. It was reported on Oct, 31 by Barchart.com. We have $79.10 PT which if reached, will make NASDAQ:OLED worth $1.29B more.

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. Universal Display has been the topic of 8 analyst reports since August 11, 2015 according to StockzIntelligence Inc. The rating was downgraded by Zacks to “Hold” on Tuesday, August 11. On Monday, May 23 the stock rating was upgraded by Goldman Sachs to “Buy”. The rating was downgraded by Goldman Sachs on Friday, October 16 to “Neutral”. Summit Research initiated the stock with “Hold” rating in Monday, September 28 report. The stock has “Hold” rating given by Canaccord Genuity on Wednesday, December 9. The company was downgraded on Friday, May 6 by Gabelli.

According to Zacks Investment Research, “Universal Display Corporation is located in the Princeton Crossroads Corporate Center in Ewing, New Jersey, minutes away from its research partner at Princeton University. Universal Display’s state-of-the-art facility is designed to further technology and materials development, technology transfer to manufacturing partners and work with customers to develop OLED products that meet their needs.”

Insitutional Activity: The institutional sentiment decreased to 0.94 in Q2 2016. 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.
Pnc Financial Services holds 0% of its portfolio in Universal Display Corporation (NASDAQ:OLED) for 8,560 shares. Fmr Ltd Liability accumulated 0% or 424,867 shares. Arcadia Investment Management Corporation Mi owns 32 shares or 0% of their US portfolio. The Florida-based Eagle Asset has invested 0.16% in Universal Display Corporation (NASDAQ:OLED). Parametric Port Associate Limited Liability Company owns 13,023 shares or 0% of their US portfolio. Muhlenkamp & Company has 1.98% invested in the company for 74,930 shares. Tiaa Cref Management Limited Liability Corporation reported 237,651 shares or 0.01% of all its holdings. Moreover, Lpl Fincl Ltd Limited Liability Company has 0.01% invested in Universal Display Corporation (NASDAQ:OLED) for 19,644 shares. Qs Invsts Limited Liability Co has 6 shares for 0% of their US portfolio. Renaissance Techs Ltd Liability Company holds 0.03% of its portfolio in Universal Display Corporation (NASDAQ:OLED) for 243,239 shares. Savings Bank Of New York Mellon has invested 0.03% of its portfolio in Universal Display Corporation (NASDAQ:OLED). California Pub Employees Retirement Systems last reported 0.01% of its portfolio in the stock. Fifth Third Bank & Trust reported 183 shares or 0% of all its holdings. Parallax Volatility Advisers L P has 0% invested in the company for 1,359 shares. Creative Planning last reported 0.06% of its portfolio in the stock.

More notable recent Universal Display Corporation (NASDAQ:OLED) news were published by: Fool.com which released: “Why Universal Display Corporation Fell 19% in August” on September 11, 2016, also Fool.com with their article: “Universal Display Corp. Just Made a Compelling Strategic Acquisition” published on June 24, 2016, Fool.com published: “Universal Display Corporation Earnings: Right Where It Wants to Be” on May 06, 2016. More interesting news about Universal Display Corporation (NASDAQ:OLED) were released by: Fool.com and their article: “Why Universal Display Corp. Just Hit an All-Time High” published on June 08, 2016 as well as Businesswire.com‘s news article titled: “Universal Display Corporation and Tianma Micro-electronics Enter into Long …” with publication date: August 04, 2016.

OLED Company Profile

Universal Display Corporation, incorporated on April 24, 1985, 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 various portable consumer electronics products, such as mobile phones, wearables, portable media devices, digital cameras, tablets and notebook computers. The Firm 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. The Firm has produced and sold phosphorescent emitter materials that produce red, yellow, green and light-blue light, which are combined in various ways for the flat panel display and the lighting market. It has also developed host materials for the emissive layer.

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