Montag A & Associates Inc. purchased a new stake in Universal Display Co. (NASDAQ:OLED) during the fourth quarter, HoldingsChannel reports. The firm purchased 2,005 shares of the semiconductor company’s stock, valued at approximately $346,000.
Other institutional investors and hedge funds have also bought and sold shares of the company. US Bancorp DE raised its stake in Universal Display by 4,188.2% in the 4th quarter. US Bancorp DE now owns 729 shares of the semiconductor company’s stock valued at $126,000 after acquiring an additional 712 shares during the period. Cerebellum GP LLC bought a new stake in Universal Display in the 4th quarter valued at $129,000. Glassman Wealth Services raised its stake in Universal Display by 60.7% in the 4th quarter. Glassman Wealth Services now owns 961 shares of the semiconductor company’s stock valued at $166,000 after acquiring an additional 363 shares during the period. Aries Wealth Management bought a new stake in Universal Display in the 4th quarter valued at $204,000. Finally, CIBC Asset Management Inc bought a new stake in Universal Display in the 3rd quarter valued at $205,000. Institutional investors and hedge funds own 64.42% of the company’s stock.
Universal Display Co. (NASDAQ:OLED) opened at $154.95 on Friday. The firm has a market capitalization of $7,289.00, a price-to-earnings ratio of 75.96 and a beta of 0.90. Universal Display Co. has a 12-month low of $66.65 and a 12-month high of $209.00.
A number of research firms recently weighed in on OLED. Zacks Investment Research cut Universal Display from a “buy” rating to a “hold” rating in a research note on Tuesday, November 14th. Evercore ISI began coverage on Universal Display in a research note on Thursday, November 30th. They issued an “outperform” rating and a $225.00 price target on the stock. Cowen restated an “outperform” rating and issued a $195.00 price target (up previously from $155.00) on shares of Universal Display in a research note on Friday, November 10th. Needham & Company LLC restated a “hold” rating on shares of Universal Display in a research note on Friday, November 3rd. Finally, Deutsche Bank increased their price target on Universal Display to $150.00 and gave the company a “buy” rating in a research note on Tuesday, October 31st. One research analyst has rated the stock with a sell rating, eight have assigned a hold rating and five have given a buy rating to the company’s stock. The company has an average rating of “Hold” and an average target price of $164.80.
In other Universal Display news, Chairman Sherwin I. Seligsohn sold 50,000 shares of the stock in a transaction on Friday, January 12th. The stock was sold at an average price of $200.00, for a total transaction of $10,000,000.00. Following the transaction, the chairman now owns 143,119 shares in the company, valued at approximately $28,623,800. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. 5.20% of the stock is owned by company insiders.
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.
Want to see what other hedge funds are holding OLED? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for Universal Display Co. (NASDAQ:OLED).
Receive News & Ratings for Universal Display Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Universal Display and related companies with MarketBeat.com's FREE daily email newsletter.