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

Sargent Investment Group LLC boosted its stake in shares of Universal Display Co. (NASDAQ:OLED) by 8.2% during the fourth quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 67,667 shares of the semiconductor company’s stock after purchasing an additional 5,130 shares during the quarter. Universal Display comprises 1.6% of Sargent Investment Group LLC’s holdings, making the stock its 17th largest holding. Sargent Investment Group LLC’s holdings in Universal Display were worth $9,805,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other institutional investors and hedge funds also recently added to or reduced their stakes in OLED. Assetmark Inc. purchased a new position in shares of Universal Display in the 3rd quarter worth 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 purchased a new position in Universal Display in the third quarter worth $31,000. Nisa Investment Advisors LLC increased its position 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 purchasing an additional 65 shares in the last quarter. Finally, True Wealth Design LLC purchased a new stake in shares of Universal Display during the 3rd quarter valued at $36,000. Hedge funds and other institutional investors own 78.19% of the company’s stock.

Universal Display Stock Performance

NASDAQ OLED opened at $145.65 on Wednesday. The stock’s fifty day moving average is $152.51 and its two-hundred day moving average is $179.47. The firm has a market capitalization of $6.91 billion, a P/E ratio of 29.25, a price-to-earnings-growth ratio of 1.64 and a beta of 1.39. Universal Display Co. has a fifty-two week low of $142.15 and a fifty-two week high of $237.00.

Wall Street Analyst Weigh In

Several brokerages have recently issued reports on OLED. TD Cowen reduced their price objective on Universal Display from $250.00 to $225.00 and set a “buy” rating for the company in a research note on Thursday, October 31st. Oppenheimer reduced 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 reaffirmed a “buy” rating and issued a $215.00 price objective on shares of Universal Display in a report on Thursday, January 16th. One research analyst has rated the stock with a hold rating and five have given a buy rating to the company’s stock. According to data from MarketBeat, the stock presently has a consensus rating of “Moderate Buy” and a consensus price target 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.