Universal Display Co. (NASDAQ:OLED) Shares Acquired by Jennison Associates LLC

Jennison Associates LLC increased its holdings in shares of Universal Display Co. (NASDAQ:OLED - Free Report) by 58.2% in the fourth quarter, according to its most recent filing with the SEC. The fund owned 683,822 shares of the semiconductor company's stock after acquiring an additional 251,557 shares during the period. Jennison Associates LLC owned about 1.44% of Universal Display worth $99,975,000 at the end of the most recent quarter.

A number of other large investors also recently bought and sold shares of OLED. Assetmark Inc. bought a new stake in shares of Universal Display during the third quarter worth $29,000. Brooklyn Investment Group purchased a new position in Universal Display in the 3rd quarter worth about $30,000. V Square Quantitative Management LLC bought a new stake in Universal Display during the 3rd quarter valued at about $31,000. Nisa Investment Advisors LLC grew its stake in Universal Display by 60.2% in the 3rd quarter. Nisa Investment Advisors LLC now owns 173 shares of the semiconductor company's stock worth $36,000 after acquiring an additional 65 shares in the last quarter. Finally, True Wealth Design LLC bought a new position in Universal Display in the 3rd quarter worth about $36,000. Hedge funds and other institutional investors own 78.19% of the company's stock.

Analyst Upgrades and Downgrades

A number of brokerages recently issued reports on OLED. The Goldman Sachs Group lowered their price target on Universal Display from $234.00 to $203.00 and set a "buy" rating for the company in a report on Thursday. TD Cowen lowered their target price on Universal Display from $250.00 to $225.00 and set a "buy" rating for the company in a report on Thursday, October 31st. Oppenheimer cut their price target on Universal Display from $220.00 to $200.00 and set an "outperform" rating on the stock in a research note on Thursday, January 2nd. Finally, Needham & Company LLC reaffirmed a "buy" rating and issued a $215.00 price objective on shares of Universal Display in a research note on Thursday, January 16th. One investment analyst has rated the stock with a hold rating and five have given a buy rating to the company. Based on data from MarketBeat.com, Universal Display currently has an average rating of "Moderate Buy" and a consensus price target of $205.83.

Universal Display Trading Down 0.9 %

Shares of OLED traded down $1.25 during trading hours on Friday, hitting $142.83. The company had a trading volume of 519,706 shares, compared to its average volume of 707,180. Universal Display Co. has a one year low of $141.56 and a one year high of $237.00. The company's fifty day moving average price is $151.43 and its two-hundred day moving average price is $178.42. The company has a market capitalization of $6.78 billion, a PE ratio of 28.68, a price-to-earnings-growth ratio of 1.64 and a beta of 1.39.

Universal Display Company 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.