Handelsbanken Fonder AB Decreases Stock Position in Universal Display Co. (NASDAQ:OLED)

Handelsbanken Fonder AB trimmed its position in shares of Universal Display Co. (NASDAQ:OLED) by 10.7% in the 4th quarter, Holdings Channel reports. The institutional investor owned 182,278 shares of the semiconductor company’s stock after selling 21,842 shares during the quarter. Handelsbanken Fonder AB’s holdings in Universal Display were worth $26,649,000 at the end of the most recent quarter.

A number of other hedge funds have also bought and sold shares of the company. Creative Planning raised its holdings in shares of Universal Display by 16.1% in the third quarter. Creative Planning now owns 15,406 shares of the semiconductor company’s stock worth $3,234,000 after buying an additional 2,132 shares during the period. Whittier Trust Co. of Nevada Inc. grew its position in Universal Display by 240.0% in the 3rd quarter. Whittier Trust Co. of Nevada Inc. now owns 340 shares of the semiconductor company’s stock valued at $71,000 after acquiring an additional 240 shares during the last quarter. International Assets Investment Management LLC purchased a new stake in Universal Display in the third quarter worth $6,785,000. PFG Investments LLC lifted its position in shares of Universal Display by 14.5% during the third quarter. PFG Investments LLC now owns 13,370 shares of the semiconductor company’s stock worth $2,806,000 after purchasing an additional 1,690 shares during the last quarter. Finally, State of Alaska Department of Revenue boosted its stake in shares of Universal Display by 7.3% during the third quarter. State of Alaska Department of Revenue now owns 5,072 shares of the semiconductor company’s stock valued at $1,064,000 after purchasing an additional 345 shares during the period. Institutional investors own 78.19% of the company’s stock.

Analyst Upgrades and Downgrades

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

Universal Display Stock Up 0.5 %

Shares of NASDAQ:OLED opened at $147.34 on Friday. The company has a market capitalization of $6.99 billion, a price-to-earnings ratio of 29.59, a price-to-earnings-growth ratio of 1.58 and a beta of 1.39. The firm has a 50 day moving average of $148.52 and a 200 day moving average of $173.82. Universal Display Co. has a 52 week low of $140.17 and a 52 week high of $237.00.

Universal Display (NASDAQ:OLED) last issued its quarterly earnings data on Thursday, February 20th. The semiconductor company reported $1.22 earnings per share for the quarter, topping analysts’ consensus estimates of $1.08 by $0.14. Universal Display had a return on equity of 15.75% and a net margin of 36.98%. On average, sell-side analysts expect that Universal Display Co. will post 4.77 EPS for the current year.

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.