Slow Capital Inc. Has $3.96 Million Stock Position in Universal Display Co. (NASDAQ:OLED)

Slow Capital Inc. boosted its holdings in shares of Universal Display Co. (NASDAQ:OLED) by 15.9% in the fourth quarter, according to its most recent filing with the Securities and Exchange Commission. The firm owned 27,065 shares of the semiconductor company’s stock after acquiring an additional 3,714 shares during the quarter. Slow Capital Inc. owned 0.06% of Universal Display worth $3,957,000 at the end of the most recent quarter.

Several other institutional investors and hedge funds also recently bought and sold shares of OLED. Assetmark Inc. acquired a new stake in shares of Universal Display during the 3rd quarter valued at about $29,000. Brooklyn Investment Group acquired a new stake in shares of Universal Display in the 3rd quarter valued at $30,000. V Square Quantitative Management LLC bought a new stake in Universal Display in the third quarter worth $31,000. True Wealth Design LLC acquired a new position in Universal Display during the third quarter worth $36,000. Finally, Nisa Investment Advisors LLC lifted its position in shares of Universal Display by 60.2% in the third quarter. Nisa Investment Advisors LLC now owns 173 shares of the semiconductor company’s stock worth $36,000 after buying an additional 65 shares during the last quarter. Hedge funds and other institutional investors own 78.19% of the company’s stock.

Universal Display Trading Down 0.3 %

OLED opened at $150.26 on Tuesday. The stock has a market cap of $7.13 billion, a PE ratio of 30.17, a P/E/G ratio of 1.62 and a beta of 1.40. The stock’s 50 day simple moving average is $154.81 and its 200-day simple moving average is $182.83. Universal Display Co. has a 1 year low of $143.25 and a 1 year high of $237.00.

Universal Display (NASDAQ:OLED) last released its quarterly earnings data on Wednesday, October 30th. The semiconductor company reported $1.40 earnings per share (EPS) for the quarter, topping the consensus estimate of $1.19 by $0.21. Universal Display had a return on equity of 15.75% and a net margin of 36.98%. The firm had revenue of $161.63 million during the quarter, compared to analyst estimates of $165.28 million. During the same period in the prior year, the company posted $1.08 earnings per share. The business’s revenue for the quarter was up 14.6% compared to the same quarter last year. Equities analysts forecast that Universal Display Co. will post 4.77 earnings per share for the current fiscal year.

Analyst Ratings Changes

OLED has been the topic of a number of recent analyst reports. Needham & Company LLC reissued a “buy” rating and issued a $215.00 price objective on shares of Universal Display in a research note on Thursday, January 16th. TD Cowen lowered their target price on shares of Universal Display from $250.00 to $225.00 and set a “buy” rating on the stock in a research note on Thursday, October 31st. Finally, Oppenheimer decreased their price target on shares of Universal Display from $220.00 to $200.00 and set an “outperform” rating for the company in a report on Thursday, January 2nd. One analyst has rated the stock with a hold rating and five have issued a buy rating to the company’s stock. Based on data from MarketBeat, the stock has an average rating of “Moderate Buy” and an average price target of $212.50.

Insiders Place Their Bets

In other Universal Display news, Director Lawrence Lacerte bought 742 shares of the stock in a transaction dated Monday, November 4th. The stock was bought at an average cost of $180.89 per share, for a total transaction of $134,220.38. Following the completion of the purchase, the director now owns 122,372 shares in the company, valued at $22,135,871.08. This represents a 0.61 % increase in their position. The acquisition was disclosed in a document filed with the Securities & Exchange Commission, which is available through this hyperlink. Insiders own 1.90% of the company’s stock.

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.