Strategic Financial Concepts LLC Makes New $11.12 Million Investment in Universal Display Co. (NASDAQ:OLED)

Strategic Financial Concepts LLC purchased a new position in Universal Display Co. (NASDAQ:OLED - Free Report) during the 4th quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor purchased 76,081 shares of the semiconductor company's stock, valued at approximately $11,123,000. Strategic Financial Concepts LLC owned 0.16% of Universal Display as of its most recent SEC filing.

Several other hedge funds have also added to or reduced their stakes in OLED. Park Avenue Securities LLC boosted its holdings in Universal Display by 33.1% in the third quarter. Park Avenue Securities LLC now owns 1,437 shares of the semiconductor company's stock worth $302,000 after acquiring an additional 357 shares in the last quarter. GAMMA Investing LLC lifted its holdings in Universal Display by 80.2% in the third quarter. GAMMA Investing LLC now owns 926 shares of the semiconductor company's stock valued at $194,000 after acquiring an additional 412 shares during the period. CWM LLC increased its position in Universal Display by 390.9% in the third quarter. CWM LLC now owns 5,586 shares of the semiconductor company's stock worth $1,173,000 after buying an additional 4,448 shares in the last quarter. UMB Bank n.a. increased its position in Universal Display by 42.1% in the third quarter. UMB Bank n.a. now owns 324 shares of the semiconductor company's stock worth $68,000 after buying an additional 96 shares in the last quarter. Finally, LVW Advisors LLC purchased a new stake in Universal Display in the third quarter worth about $785,000. 78.19% of the stock is owned by institutional investors.

Universal Display Trading Up 0.3 %

Shares of OLED stock traded up $0.41 on Wednesday, reaching $142.45. 396,613 shares of the company's stock were exchanged, compared to its average volume of 682,054. Universal Display Co. has a 52 week low of $140.17 and a 52 week high of $237.00. The stock has a market capitalization of $6.76 billion, a PE ratio of 28.60, a P/E/G ratio of 1.57 and a beta of 1.39. The company's fifty day simple moving average is $150.53 and its 200 day simple moving average is $176.56.

Analyst Upgrades and Downgrades

Several research firms recently issued reports on OLED. TD Cowen cut 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. The Goldman Sachs Group cut 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, February 6th. Oppenheimer cut their price target on Universal Display from $220.00 to $200.00 and set an "outperform" rating for the company in a report on Thursday, January 2nd. Needham & Company LLC restated a "buy" rating and set a $215.00 price target on shares of Universal Display in a report on Thursday, January 16th. Finally, Citigroup cut their price target on Universal Display from $200.00 to $162.00 and set a "neutral" rating for the company in a report on Monday. Two equities research analysts have rated the stock with a hold rating and five have issued a buy rating to the stock. Based on data from MarketBeat.com, Universal Display currently has an average rating of "Moderate Buy" and an average target price of $199.57.

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.