SG Americas Securities LLC Sells 7,022 Shares of Universal Display Co. (NASDAQ:OLED)

SG Americas Securities LLC lessened its stake in shares of Universal Display Co. (NASDAQ:OLED - Free Report) by 64.2% during the fourth quarter, according to the company in its most recent disclosure with the SEC. The fund owned 3,920 shares of the semiconductor company's stock after selling 7,022 shares during the quarter. SG Americas Securities LLC's holdings in Universal Display were worth $573,000 as of its most recent SEC filing.

Other institutional investors also recently modified their holdings of the company. Assetmark Inc. bought a new position in Universal Display during the 3rd quarter worth approximately $29,000. Brooklyn Investment Group bought a new position in Universal Display during the third quarter worth $30,000. V Square Quantitative Management LLC acquired a new position in Universal Display in the third quarter valued at $31,000. True Wealth Design LLC acquired a new position in Universal Display in the third quarter valued at $36,000. Finally, Nisa Investment Advisors LLC boosted its position in Universal Display by 60.2% during the third quarter. Nisa Investment Advisors LLC now owns 173 shares of the semiconductor company's stock valued at $36,000 after acquiring an additional 65 shares during the last quarter. 78.19% of the stock is currently owned by institutional investors and hedge funds.

Universal Display Stock Up 1.9 %

NASDAQ OLED traded up $2.67 during trading hours on Tuesday, reaching $145.65. 492,723 shares of the company were exchanged, compared to its average volume of 719,365. The stock has a market capitalization of $6.91 billion, a P/E ratio of 29.25, a P/E/G ratio of 1.64 and a beta of 1.39. Universal Display Co. has a 1 year low of $142.15 and a 1 year high of $237.00. The business's 50 day simple moving average is $152.51 and its 200-day simple moving average is $179.47.

Wall Street Analysts Forecast Growth

A number of research analysts have recently issued reports on the company. TD Cowen dropped their price objective 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 reiterated a "buy" rating and issued a $215.00 target price on shares of Universal Display in a report on Thursday, January 16th. Finally, Oppenheimer cut their price target on Universal Display from $220.00 to $200.00 and set an "outperform" rating on the stock in a report on Thursday, January 2nd. One research analyst has rated the stock with a hold rating and five have given a buy rating to the stock. Based on data from MarketBeat.com, Universal Display presently has a consensus rating of "Moderate Buy" and an average target price of $212.50.

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.