Glassman Wealth Services Raises Stake in Universal Display Co. (OLED)
Glassman Wealth Services raised its holdings in shares of Universal Display Co. (NASDAQ:OLED) by 60.7% in the 4th quarter, according to its most recent filing with the Securities & Exchange Commission. The institutional investor owned 961 shares of the semiconductor company’s stock after acquiring an additional 363 shares during the quarter. Glassman Wealth Services’ holdings in Universal Display were worth $166,000 at the end of the most recent reporting period.
Other institutional investors and hedge funds have also modified their holdings of the company. Columbus Circle Investors grew its stake in shares of Universal Display by 24.1% in the third quarter. Columbus Circle Investors now owns 843,537 shares of the semiconductor company’s stock valued at $108,690,000 after buying an additional 163,569 shares in the last quarter. Neuberger Berman Group LLC grew its stake in shares of Universal Display by 17.8% in the third quarter. Neuberger Berman Group LLC now owns 714,223 shares of the semiconductor company’s stock valued at $92,028,000 after buying an additional 107,751 shares in the last quarter. Scout Investments Inc. bought a new position in shares of Universal Display in the third quarter valued at $12,515,000. First Trust Advisors LP grew its stake in shares of Universal Display by 118.9% in the third quarter. First Trust Advisors LP now owns 170,358 shares of the semiconductor company’s stock valued at $21,951,000 after buying an additional 92,546 shares in the last quarter. Finally, Jennison Associates LLC bought a new position in shares of Universal Display in the fourth quarter valued at $14,926,000. 64.50% of the stock is owned by institutional investors.
In other Universal Display news, Chairman Sherwin I. Seligsohn sold 50,000 shares of the firm’s stock in a transaction on Friday, January 12th. The stock was sold at an average price of $200.00, for a total transaction of $10,000,000.00. Following the completion of the sale, the chairman now owns 143,119 shares of the company’s stock, valued at approximately $28,623,800. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. Company insiders own 5.20% of the company’s stock.
Shares of Universal Display Co. (NASDAQ OLED) opened at $139.80 on Friday. Universal Display Co. has a twelve month low of $63.60 and a twelve month high of $209.00. The stock has a market capitalization of $6,580.00, a price-to-earnings ratio of 66.89 and a beta of 0.90.
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Universal Display Company Profile
Universal Display Corporation is engaged in the research, development and commercialization of organic light emitting diode (OLED), technologies and materials for use in display and solid-state lighting applications. The Company also supplies its OLED materials to manufacturers of OLED displays and lighting products for evaluation and for use in product development and for pre-commercial activities, and it also provides technical assistance and support to these manufacturers.
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