Zacks Research has upgraded Universal Display (NASDAQ:OLED) from a "strong sell" to a "hold" rating, aligning with the broader analyst sentiment. The company's shares opened at $88.92, significantly below its 52-week high, and it reported mixed quarterly results with adjusted EPS beating estimates but revenue missing expectations and declining year-over-year. Institutional investors have shown considerable activity in OLED, with many increasing their stakes.
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