Universal Display Corporation $OLED Shares Sold by Candriam S.C.A.

Candriam S.C.A. lessened its position in Universal Display Corporation (NASDAQ:OLED) by 3.2% during the third quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The firm owned 189,015 shares of the semiconductor company’s stock after selling 6,291 shares during the period. Candriam S.C.A. owned approximately 0.40% of Universal Display worth $27,148,000 at the end of the most recent reporting period.

Several other institutional investors and hedge funds have also recently bought and sold shares of the company. Truist Financial Corp boosted its stake in Universal Display by 54.7% during the third quarter. Truist Financial Corp now owns 63,262 shares of the semiconductor company’s stock valued at $9,086,000 after buying an additional 22,380 shares in the last quarter. Baker Avenue Asset Management LP bought a new position in shares of Universal Display during the 2nd quarter valued at about $1,398,000. Creative Planning grew its stake in shares of Universal Display by 12.7% in the 2nd quarter. Creative Planning now owns 19,847 shares of the semiconductor company’s stock worth $3,066,000 after purchasing an additional 2,239 shares during the last quarter. Avenir Corp raised its holdings in shares of Universal Display by 14.5% in the 2nd quarter. Avenir Corp now owns 223,150 shares of the semiconductor company’s stock worth $34,468,000 after purchasing an additional 28,277 shares in the last quarter. Finally, Segall Bryant & Hamill LLC lifted its stake in Universal Display by 14.5% during the second quarter. Segall Bryant & Hamill LLC now owns 243,864 shares of the semiconductor company’s stock valued at $37,667,000 after purchasing an additional 30,860 shares during the last quarter. Institutional investors own 78.19% of the company’s stock.

Universal Display Stock Up 3.8%

Shares of Universal Display stock opened at $125.71 on Tuesday. Universal Display Corporation has a 12-month low of $103.70 and a 12-month high of $164.29. The stock has a 50 day moving average price of $119.63 and a two-hundred day moving average price of $131.77. The stock has a market capitalization of $5.98 billion, a P/E ratio of 27.09, a PEG ratio of 3.40 and a beta of 1.63.

Wall Street Analysts Forecast Growth

Several research firms have issued reports on OLED. Wall Street Zen upgraded shares of Universal Display from a “sell” rating to a “hold” rating in a research report on Friday, January 23rd. Needham & Company LLC restated a “buy” rating and issued a $150.00 target price on shares of Universal Display in a report on Monday, December 22nd. Citigroup reduced their target price on Universal Display from $150.00 to $130.00 and set a “neutral” rating for the company in a report on Tuesday, January 27th. Zacks Research cut Universal Display from a “strong-buy” rating to a “hold” rating in a research note on Wednesday, November 19th. Finally, Weiss Ratings reaffirmed a “hold (c-)” rating on shares of Universal Display in a research note on Wednesday, December 24th. Two research analysts have rated the stock with a Buy rating and four have issued a Hold rating to the company. According to MarketBeat.com, the company presently has a consensus rating of “Hold” and an average price target of $163.25.

Universal Display Profile

Universal Display Corporation (NASDAQ: OLED) is a technology company specializing in organic light-emitting diode (OLED) solutions. The company develops and commercializes materials, technologies and software used in the creation of OLED displays and lighting. Its offerings include proprietary phosphorescent OLED (PHOLED) materials, display driver integrated circuits and process technologies that enable higher efficiency, longer lifetimes and improved color performance for a range of display and lighting applications.

Universal Display’s core business is licensing its extensive OLED patent portfolio to display manufacturers and providing them with the key organic materials needed for device fabrication.