Universal Display Co. (NASDAQ:OLED) Shares Sold by Swedbank AB

Swedbank AB lessened its stake in Universal Display Co. (NASDAQ:OLED) by 66.3% in the 4th quarter, according to the company in its most recent Form 13F filing with the SEC. The fund owned 1,805 shares of the semiconductor company’s stock after selling 3,559 shares during the quarter. Swedbank AB’s holdings in Universal Display were worth $264,000 at the end of the most recent reporting period.

Other institutional investors have also recently added to or reduced their stakes in the company. Assetmark Inc. purchased a new stake in shares of Universal Display in the 3rd quarter valued at approximately $29,000. Brooklyn Investment Group purchased a new position in Universal Display in the third quarter worth approximately $30,000. V Square Quantitative Management LLC acquired a new stake in Universal Display during the third quarter worth $31,000. True Wealth Design LLC purchased a new stake in Universal Display in the third quarter valued at $36,000. Finally, Nisa Investment Advisors LLC raised its position in Universal Display by 60.2% in the third 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. Hedge funds and other institutional investors own 78.19% of the company’s stock.

Wall Street Analyst Weigh In

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

Universal Display Price Performance

Shares of NASDAQ:OLED opened at $149.92 on Monday. The firm has a market capitalization of $7.12 billion, a PE ratio of 30.10, a price-to-earnings-growth ratio of 1.60 and a beta of 1.40. Universal Display Co. has a 1 year low of $142.50 and a 1 year high of $237.00. The firm’s 50-day moving average is $153.36 and its two-hundred day moving average is $180.54.

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.