Lecap Asset Management Ltd. Purchases New Position in Universal Display Co. (NASDAQ:OLED)

Lecap Asset Management Ltd. purchased a new stake in Universal Display Co. (NASDAQ:OLED) in the 4th quarter, according to its most recent filing with the SEC. The institutional investor purchased 13,941 shares of the semiconductor company’s stock, valued at approximately $2,038,000.

Several other large investors have also recently added to or reduced their stakes in the stock. Nisa Investment Advisors LLC increased its holdings in Universal Display by 60.2% in the 3rd 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 in the last quarter. UMB Bank n.a. increased its holdings in Universal Display by 42.1% in the 3rd quarter. UMB Bank n.a. now owns 324 shares of the semiconductor company’s stock valued at $68,000 after purchasing an additional 96 shares in the last quarter. Glenmede Trust Co. NA increased its holdings in Universal Display by 1.6% in the 3rd quarter. Glenmede Trust Co. NA now owns 6,046 shares of the semiconductor company’s stock valued at $1,269,000 after purchasing an additional 97 shares in the last quarter. OLD National Bancorp IN grew its stake in shares of Universal Display by 4.3% during the fourth quarter. OLD National Bancorp IN now owns 2,527 shares of the semiconductor company’s stock valued at $369,000 after acquiring an additional 104 shares in the last quarter. Finally, Prospera Financial Services Inc grew its stake in shares of Universal Display by 4.4% during the third quarter. Prospera Financial Services Inc now owns 2,576 shares of the semiconductor company’s stock valued at $542,000 after acquiring an additional 108 shares in the last quarter. 78.19% of the stock is currently owned by institutional investors and hedge funds.

Analysts Set New Price Targets

Several analysts have recently weighed in on the company. TD Cowen lowered their target price 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. Needham & Company LLC restated a “buy” rating and set a $215.00 target price on shares of Universal Display in a research note on Thursday, January 16th. The Goldman Sachs Group lowered their target price on Universal Display from $234.00 to $203.00 and set a “buy” rating for the company in a research note on Thursday. 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 research note on Thursday, January 2nd. One 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.com, the stock has a consensus rating of “Moderate Buy” and an average price target of $205.83.

Universal Display Stock Performance

NASDAQ:OLED opened at $144.08 on Friday. The company has a market capitalization of $6.84 billion, a price-to-earnings ratio of 28.93, a price-to-earnings-growth ratio of 1.64 and a beta of 1.39. Universal Display Co. has a one year low of $141.56 and a one year high of $237.00. The stock has a 50-day simple moving average of $151.86 and a 200 day simple moving average of $178.99.

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.