Universal Display Corporation (NASDAQ:OLED) : Zacks Investment Research ranks Universal Display Corporation (NASDAQ:OLED) as 3, which is a Hold recommendation. 1 research analysts consider that the stocks fundamentals point to a bright future, hence they rate the stock as a Strong Buy. 1 other analysts are mildly bullish on the stock and favor a Buy. A total of 3 analysts believe that the stock has a limited upside, hence they advise a Hold. The average broker rating of 5 research analysts is 2.4, which indicates as a Buy.
Universal Display Corporation (NASDAQ:OLED) : The highest level Universal Display Corporation (NASDAQ:OLED) is projected to reach is $75 for the short term and the lowest estimate is at $51. The consolidated price target from 4 rating analysts who initiate coverage on the stock is $62.5 and the possibility the share price can swing is $11.36.
For the current week, the company shares have a recommendation consensus of Buy.
Universal Display Corporation (NASDAQ:OLED): stock turned positive on Tuesday. Though the stock opened at $64.14, the bulls momentum made the stock top out at $65.65 level for the day. The stock recorded a low of $63.47 and closed the trading day at $65.55, in the green by 4.00%. The total traded volume for the day was 811,195. The stock had closed at $63.03 in the previous days trading.
In an insider trading activity, Rosenblatt Sidney D, director officer (EVP and CFO) of Universal Display Corp Pa, unloaded 25,000 shares at an average price of $61.56 on April 19, 2016. The total amount of the transaction was worth $1,539,000, according to the disclosed information with the Securities and Exchange Commission in a Form 4 filing.
Universal Display Corporation 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 Companys flat panel displays are used for a variety of portable consumer electronics products, such as cell phones, portable media devices, digital cameras, tablets and laptop computers. The Company 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 provides technical assistance and support to these manufacturers. Its customers include LG Display, Tohoku Pioneer and Konica Minolta, among others.