Vontobel Holding Ltd. Cuts Position in Universal Display Co. (NASDAQ:OLED)

Vontobel Holding Ltd. decreased its holdings in Universal Display Co. (NASDAQ:OLED) by 1.8% in the 4th quarter, according to its most recent Form 13F filing with the SEC. The institutional investor owned 164,321 shares of the semiconductor company’s stock after selling 3,026 shares during the quarter. Vontobel Holding Ltd. owned about 0.35% of Universal Display worth $24,024,000 as of its most recent filing with the SEC.

Several other large investors have also recently bought and sold shares of OLED. Creative Planning raised its position in 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 acquiring an additional 2,132 shares in the last quarter. Swedbank AB grew its holdings in Universal Display by 14.9% in the third quarter. Swedbank AB now owns 5,364 shares of the semiconductor company’s stock valued at $1,126,000 after purchasing an additional 696 shares during the last quarter. Cardinal Capital Management grew its holdings in Universal Display by 7.6% in the third quarter. Cardinal Capital Management now owns 9,237 shares of the semiconductor company’s stock valued at $1,939,000 after purchasing an additional 649 shares during the last quarter. V Square Quantitative Management LLC acquired a new stake in Universal Display in the third quarter valued at $31,000. Finally, Slow Capital Inc. grew its holdings in Universal Display by 4.7% in the third quarter. Slow Capital Inc. now owns 23,351 shares of the semiconductor company’s stock valued at $4,901,000 after purchasing an additional 1,053 shares during the last quarter. Hedge funds and other institutional investors own 78.19% of the company’s stock.

Universal Display Stock Down 0.8 %

OLED opened at $142.50 on Friday. The business’s fifty day simple moving average is $149.60 and its 200 day simple moving average is $175.50. Universal Display Co. has a 52 week low of $140.17 and a 52 week high of $237.00. The firm has a market cap of $6.76 billion, a P/E ratio of 28.61, a PEG ratio of 1.57 and a beta of 1.39.

Wall Street Analyst Weigh In

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

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.