Vontobel Holding Ltd. Has $24.02 Million Stock Position in Universal Display Co. (NASDAQ:OLED)

Vontobel Holding Ltd. cut its holdings in shares of Universal Display Co. (NASDAQ:OLED - Free Report) by 1.8% in the 4th quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 164,321 shares of the semiconductor company's stock after selling 3,026 shares during the period. Vontobel Holding Ltd. owned about 0.35% of Universal Display worth $24,024,000 at the end of the most recent quarter.

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

Analysts Set New Price Targets

A number of equities analysts have issued reports on the company. Citigroup lowered their target price on Universal Display from $200.00 to $162.00 and set a "neutral" rating for the company in a report on Monday, February 10th. The Goldman Sachs Group lowered their price objective on Universal Display from $234.00 to $203.00 and set a "buy" rating for the company in a research note on Thursday, February 6th. TD Cowen cut their target price on shares of Universal Display from $250.00 to $225.00 and set a "buy" rating on the stock in a research report on Thursday, October 31st. Oppenheimer decreased 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. Finally, Needham & Company LLC reiterated a "buy" rating and set a $215.00 price target on shares of Universal Display in a report on Thursday, January 16th. Two equities research analysts have rated the stock with a hold rating and five have assigned a buy rating to the company. According to data from MarketBeat.com, the stock currently has an average rating of "Moderate Buy" and an average target price of $199.57.

Universal Display Stock Up 2.0 %

Universal Display stock traded up $2.84 during mid-day trading on Tuesday, hitting $145.34. 209,005 shares of the stock were exchanged, compared to its average volume of 657,667. The stock has a market capitalization of $6.90 billion, a price-to-earnings ratio of 29.29, a PEG ratio of 1.57 and a beta of 1.39. Universal Display Co. has a 12 month low of $140.17 and a 12 month high of $237.00. The firm's fifty day simple moving average is $149.29 and its two-hundred day simple moving average is $174.39.

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.