Universal Display Corporation’s Stock Is Buy After Today’s Bullish Options Activity

 Universal Display Corporation's Stock Is Buy After Today's Bullish Options Activity

In today’s session Universal Display Corporation (OLED) registered an unusually high (1,005) 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 1,005 contracts traded and 12324 open interest for the Mar, 17 contract, it seems this is a quite bullish bet. The option with symbol: OLED170317C00070000 closed last at: $1.75 or 16.7% up. About 156,504 shares traded hands. Universal Display Corporation (NASDAQ:OLED) has risen 4.14% since April 7, 2016 and is uptrending. It has underperformed by 0.64% the S&P500.

Universal Display Corporation (NASDAQ:OLED) Ratings Coverage

Out of 5 analysts covering Universal Display (NASDAQ:OLED), 3 rate it a “Buy”, 0 “Sell”, while 2 “Hold”. This means 60% are positive. $70 is the highest target while $31 is the lowest. The $51.60 average target is -6.44% below today’s ($55.15) stock price. Universal Display has been the topic of 10 analyst reports since August 11, 2015 according to StockzIntelligence Inc. The stock has “Hold” rating given by Summit Research on Monday, September 28. The stock has “Buy” rating given by Gabelli on Friday, November 4. The rating was maintained by Canaccord Genuity on Friday, November 4 with “Hold”. The stock has “Hold” rating given by Zacks on Tuesday, August 11. As per Wednesday, December 9, the company rating was maintained by Canaccord Genuity. The firm has “Buy” rating given on Monday, May 23 by Goldman Sachs. The rating was downgraded by Gabelli to “Hold” on Friday, May 6. The company was downgraded on Friday, October 16 by Goldman Sachs.

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 2016 Q2. Its down 0.40, from 1.34 in 2016Q1. The ratio turned negative, 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.
Millennium Management Limited Liability Com last reported 99,301 shares in the company. California Pub Employees Retirement Systems accumulated 0.01% or 97,100 shares. Passport Capital Lc holds 0.03% or 25,160 shares in its portfolio. Ubs Asset Americas reported 230,846 shares or 0.02% of all its holdings. Morgan Stanley, a New York-based fund reported 234,289 shares. Legal General Grp Inc Pcl last reported 0% of its portfolio in the stock. Moreover, Princeton Port Strategies Group has 0.29% invested in Universal Display Corporation (NASDAQ:OLED) for 13,390 shares. Envestnet Asset Management owns 6,565 shares or 0% of their US portfolio. Blackrock Fund Advsr accumulated 0.01% or 999,978 shares. Spot Trading Ltd Com accumulated 16,805 shares or 0.02% of the stock. Moreover, 1492 Mgmt Limited has 0.41% invested in Universal Display Corporation (NASDAQ:OLED) for 6,653 shares. Parkside Financial Bank And, a Missouri-based fund reported 745 shares. Commonwealth Equity Services, a Massachusetts-based fund reported 14,076 shares. Agf Invests holds 0.02% or 29,845 shares in its portfolio. Moreover, Prudential Fincl Incorporated has 0% invested in Universal Display Corporation (NASDAQ:OLED) for 4,536 shares.

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 $2.63 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 66.77 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.

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.

More notable recent Universal Display Corporation (NASDAQ:OLED) news were published by: Businesswire.com which released: “Universal Display Corporation to Present at Upcoming November Investor Conferences” on November 07, 2016, also Fool.com with their article: “Why Universal Display Corporation Fell 19% in August” published on September 11, 2016, Fool.com published: “Universal Display Corp. Just Made a Compelling Strategic Acquisition” on June 24, 2016. More interesting news about Universal Display Corporation (NASDAQ:OLED) were released by: Fool.com and their article: “Universal Display Corporation Earnings: Right Where It Wants to Be” published on May 06, 2016 as well as Fool.com‘s news article titled: “Why Universal Display Corp. Just Hit an All-Time High” with publication date: June 08, 2016.

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