Sargent Investment Group LLC Acquires 5,130 Shares of Universal Display Co. (NASDAQ:OLED)

Sargent Investment Group LLC lifted its holdings in shares of Universal Display Co. (NASDAQ:OLED - Free Report) by 8.2% in the fourth quarter, according to its most recent disclosure with the Securities and Exchange Commission. The fund owned 67,667 shares of the semiconductor company's stock after acquiring an additional 5,130 shares during the quarter. Universal Display accounts for about 1.6% of Sargent Investment Group LLC's holdings, making the stock its 17th largest position. Sargent Investment Group LLC owned about 0.14% of Universal Display worth $9,805,000 at the end of the most recent quarter.

A number of other hedge funds and other institutional investors have also recently added to or reduced their stakes in OLED. Glenmede Trust Co. NA raised its position in shares of Universal Display by 1.6% in the third quarter. Glenmede Trust Co. NA now owns 6,046 shares of the semiconductor company's stock valued at $1,269,000 after purchasing an additional 97 shares during the period. BNP Paribas Financial Markets grew its position in Universal Display by 8.8% in 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 in the last quarter. Montanaro Asset Management Ltd boosted its holdings in shares of Universal Display by 217.4% in the 3rd quarter. Montanaro Asset Management Ltd now owns 63,260 shares of the semiconductor company's stock worth $13,278,000 after purchasing an additional 43,330 shares in the last quarter. Cerity Partners LLC lifted its holdings in shares of Universal Display by 385.2% in the 3rd quarter. Cerity Partners LLC now owns 8,588 shares of the semiconductor company's stock worth $1,803,000 after acquiring an additional 6,818 shares during the last quarter. Finally, Pacer Advisors Inc. boosted its position in Universal Display by 37.2% during the fourth quarter. Pacer Advisors Inc. now owns 27,246 shares of the semiconductor company's stock valued at $3,983,000 after buying an additional 7,390 shares during the period. 78.19% of the stock is currently owned by hedge funds and other institutional investors.

Universal Display Trading Down 0.9 %

NASDAQ:OLED traded down $1.25 during trading hours on Friday, reaching $142.83. 519,706 shares of the company traded hands, compared to its average volume of 730,779. The business's 50-day moving average price is $151.43 and its two-hundred day moving average price is $178.42. Universal Display Co. has a 1 year low of $141.56 and a 1 year high of $237.00. The stock has a market capitalization of $6.78 billion, a P/E ratio of 28.68, a P/E/G ratio of 1.57 and a beta of 1.39.

Analyst Ratings Changes

Several brokerages have weighed in on OLED. Oppenheimer dropped their price target on shares of Universal Display from $220.00 to $200.00 and set an "outperform" rating for the company in a research report on Thursday, January 2nd. TD Cowen decreased their target price on Universal Display from $250.00 to $225.00 and set a "buy" rating for the company in a research report on Thursday, October 31st. Needham & Company LLC restated a "buy" rating and set a $215.00 price target on shares of Universal Display in a research report on Thursday, January 16th. Finally, The Goldman Sachs Group reduced their price target on Universal Display from $234.00 to $203.00 and set a "buy" rating on the stock in a research note on Thursday. One analyst has rated the stock with a hold rating and five have issued a buy rating to the company's stock. According to data from MarketBeat.com, Universal Display currently has an average rating of "Moderate Buy" and a consensus target price of $205.83.

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.