Lecap Asset Management Ltd. Acquires Shares of 13,941 Universal Display Co. (NASDAQ:OLED)

Lecap Asset Management Ltd. acquired a new stake in Universal Display Co. (NASDAQ:OLED - Free Report) in the fourth quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The institutional investor acquired 13,941 shares of the semiconductor company's stock, valued at approximately $2,038,000.

Other institutional investors have also bought and sold shares of the company. Glenmede Trust Co. NA grew its stake in shares of Universal Display by 1.6% in the 3rd quarter. Glenmede Trust Co. NA now owns 6,046 shares of the semiconductor company's stock valued at $1,269,000 after buying an additional 97 shares during the period. BNP Paribas Financial Markets increased its stake in Universal Display by 8.8% during the third quarter. BNP Paribas Financial Markets now owns 52,713 shares of the semiconductor company's stock worth $11,064,000 after acquiring an additional 4,269 shares during the last quarter. Montanaro Asset Management Ltd increased its stake in Universal Display by 217.4% during the third quarter. Montanaro Asset Management Ltd now owns 63,260 shares of the semiconductor company's stock worth $13,278,000 after acquiring an additional 43,330 shares during the last quarter. Cerity Partners LLC raised its position in Universal Display by 385.2% in the third quarter. Cerity Partners LLC now owns 8,588 shares of the semiconductor company's stock valued at $1,803,000 after purchasing an additional 6,818 shares during the period. Finally, Pacer Advisors Inc. grew its holdings in shares of Universal Display by 37.2% during the 4th quarter. Pacer Advisors Inc. now owns 27,246 shares of the semiconductor company's stock worth $3,983,000 after purchasing an additional 7,390 shares during the period. 78.19% of the stock is owned by hedge funds and other institutional investors.

Analyst Upgrades and Downgrades

OLED has been the subject of a number of recent analyst reports. Citigroup dropped their price target on shares of Universal Display from $200.00 to $162.00 and set a "neutral" rating for the company in a research report on Monday. The Goldman Sachs Group dropped their price objective on Universal Display from $234.00 to $203.00 and set a "buy" rating for the company in a research note on Thursday, February 6th. TD Cowen decreased their target price on Universal Display from $250.00 to $225.00 and set a "buy" rating on the stock in a research note on Thursday, October 31st. Needham & Company LLC reissued a "buy" rating and set a $215.00 price target on shares of Universal Display in a research report on Thursday, January 16th. Finally, Oppenheimer lowered their price objective on shares of Universal Display from $220.00 to $200.00 and set an "outperform" rating for the company in a research note on Thursday, January 2nd. Two analysts have rated the stock with a hold rating and five have issued a buy rating to the company's stock. Based on data from MarketBeat, Universal Display presently has an average rating of "Moderate Buy" and a consensus target price of $199.57.

Universal Display Stock Performance

OLED stock traded down $0.03 during midday trading on Tuesday, reaching $142.90. 150,489 shares of the company were exchanged, compared to its average volume of 678,925. The stock's 50-day simple moving average is $150.97 and its 200 day simple moving average is $177.17. Universal Display Co. has a 1-year low of $140.61 and a 1-year high of $237.00. The company has a market cap of $6.78 billion, a price-to-earnings ratio of 28.66, a price-to-earnings-growth ratio of 1.57 and a beta of 1.39.

Universal Display Profile

Universal Display Corporation engages in the research, development, and commercialization of organic light emitting diode (OLED) technologies and materials for use in display and solid-state lighting applications in the United States and internationally. The company offers PHOLED technologies and materials for displays and lighting products under the UniversalPHOLED brand.