Strategic Financial Concepts LLC Takes $11.12 Million Position in Universal Display Co. (NASDAQ:OLED)

Strategic Financial Concepts LLC bought a new stake in shares of Universal Display Co. (NASDAQ:OLED - Free Report) in the 4th quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor bought 76,081 shares of the semiconductor company's stock, valued at approximately $11,123,000. Strategic Financial Concepts LLC owned about 0.16% of Universal Display at the end of the most recent reporting period.

A number of other large investors have also recently added to or reduced their stakes in the business. Assetmark Inc. acquired a new stake in shares of Universal Display during the 3rd quarter valued at $29,000. Brooklyn Investment Group purchased a new stake in shares of Universal Display in the 3rd quarter valued at approximately $30,000. V Square Quantitative Management LLC acquired a new position in Universal Display in the 3rd quarter worth approximately $31,000. True Wealth Design LLC purchased a new position in Universal Display during the 3rd quarter worth approximately $36,000. Finally, Nisa Investment Advisors LLC raised its stake in Universal Display by 60.2% during the 3rd quarter. Nisa Investment Advisors LLC now owns 173 shares of the semiconductor company's stock valued at $36,000 after purchasing an additional 65 shares during the period. 78.19% of the stock is currently owned by institutional investors.

Universal Display Trading Up 1.1 %

NASDAQ OLED traded up $1.60 during trading on Wednesday, reaching $146.62. The company's stock had a trading volume of 577,198 shares, compared to its average volume of 671,519. The stock has a market capitalization of $6.96 billion, a PE ratio of 29.44, a PEG ratio of 1.56 and a beta of 1.39. Universal Display Co. has a 1-year low of $140.17 and a 1-year high of $237.00. The business has a 50-day moving average price of $148.80 and a 200-day moving average price of $174.01.

Wall Street Analyst Weigh In

Several brokerages have recently commented on OLED. The Goldman Sachs Group decreased their target price on Universal Display from $234.00 to $203.00 and set a "buy" rating for the company in a research report on Thursday, February 6th. Needham & Company LLC reaffirmed a "buy" rating and set a $215.00 target price on shares of Universal Display in a research note on Thursday, January 16th. TD Cowen reduced their price target on shares of Universal Display from $250.00 to $225.00 and set a "buy" rating for the company in a research report on Thursday, October 31st. Oppenheimer lowered their price objective on shares of Universal Display from $220.00 to $200.00 and set an "outperform" rating on the stock in a research report on Thursday, January 2nd. Finally, Citigroup dropped their price objective on shares of Universal Display from $200.00 to $162.00 and set a "neutral" rating on the stock in a research note on Monday, February 10th. Two research analysts have rated the stock with a hold rating and five have issued a buy rating to the company. Based on data from MarketBeat.com, the company currently has an average rating of "Moderate Buy" and an average price target of $199.57.

About Universal Display

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.