Price Capital Management Inc. bought a new stake in shares of Universal Display Co. (NASDAQ:OLED) in the fourth quarter, according to the company in its most recent Form 13F filing with the SEC. The firm bought 9,626 shares of the semiconductor company’s stock, valued at approximately $1,662,000.

Several other large investors also recently modified their holdings of OLED. California Public Employees Retirement System boosted its stake in shares of Universal Display by 2.2% during the 2nd quarter. California Public Employees Retirement System now owns 73,400 shares of the semiconductor company’s stock valued at $8,019,000 after buying an additional 1,600 shares during the period. Advisor Group Inc. lifted its stake in shares of Universal Display by 5.3% in the 2nd quarter. Advisor Group Inc. now owns 2,649 shares of the semiconductor company’s stock valued at $286,000 after purchasing an additional 134 shares during the last quarter. Dimensional Fund Advisors LP lifted its stake in shares of Universal Display by 11.4% in the 2nd quarter. Dimensional Fund Advisors LP now owns 206,053 shares of the semiconductor company’s stock valued at $22,513,000 after purchasing an additional 21,036 shares during the last quarter. Stifel Financial Corp lifted its stake in shares of Universal Display by 2.6% in the 2nd quarter. Stifel Financial Corp now owns 3,362 shares of the semiconductor company’s stock valued at $370,000 after purchasing an additional 86 shares during the last quarter. Finally, Janus Henderson Group PLC lifted its stake in shares of Universal Display by 9.4% in the 2nd quarter. Janus Henderson Group PLC now owns 366,481 shares of the semiconductor company’s stock valued at $40,029,000 after purchasing an additional 31,351 shares during the last quarter. 64.50% of the stock is owned by institutional investors.

OLED has been the subject of several analyst reports. Zacks Investment Research lowered shares of Universal Display from a “strong-buy” rating to a “hold” rating in a research note on Tuesday, October 17th. Deutsche Bank lifted their price objective on shares of Universal Display to $150.00 and gave the company a “buy” rating in a research note on Tuesday, October 31st. Cross Research lowered shares of Universal Display from a “buy” rating to a “hold” rating in a research note on Tuesday, October 31st. Cowen set a $150.00 price objective on shares of Universal Display and gave the company a “buy” rating in a research note on Wednesday, November 1st. Finally, Gabelli lowered shares of Universal Display from a “buy” rating to a “hold” rating and set a $134.00 price objective for the company. in a research note on Friday, November 3rd. One investment analyst has rated the stock with a sell rating, eight have assigned a hold rating and six have assigned a buy rating to the stock. The company has an average rating of “Hold” and a consensus price target of $164.80.

Universal Display Co. (NASDAQ:OLED) opened at $139.80 on Friday. The firm has a market cap of $7,058.44, a price-to-earnings ratio of 73.55 and a beta of 0.90. Universal Display Co. has a 52-week low of $63.60 and a 52-week high of $209.00.

In other Universal Display news, Chairman Sherwin I. Seligsohn sold 50,000 shares of the business’s stock in a transaction on Friday, January 12th. The shares were sold at an average price of $200.00, for a total transaction of $10,000,000.00. Following the completion of the transaction, the chairman now owns 143,119 shares of the company’s stock, valued at approximately $28,623,800. The transaction was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. 5.20% of the stock is owned by insiders.

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About Universal Display

Universal Display Corporation is engaged in the research, development and commercialization of organic light emitting diode (OLED), technologies and materials for use in display and solid-state lighting applications. 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 also provides technical assistance and support to these manufacturers.

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Institutional Ownership by Quarter for Universal Display (NASDAQ:OLED)

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