Sei Investments Co. Acquires 1,329 Shares of Universal Display Co. (OLED)

Sei Investments Co. lifted its holdings in shares of Universal Display Co. (NASDAQ:OLED) by 1.5% during the 4th quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 90,188 shares of the semiconductor company’s stock after acquiring an additional 1,329 shares during the quarter. Sei Investments Co.’s holdings in Universal Display were worth $15,570,000 as of its most recent filing with the Securities and Exchange Commission.

Several other large investors have also bought and sold shares of the stock. Penserra Capital Management LLC lifted its holdings in shares of Universal Display by 141.2% during the 4th quarter. Penserra Capital Management LLC now owns 54,505 shares of the semiconductor company’s stock valued at $9,409,000 after acquiring an additional 31,910 shares in the last quarter. EFG Asset Management Americas Corp. lifted its holdings in shares of Universal Display by 59.3% during the 4th quarter. EFG Asset Management Americas Corp. now owns 4,540 shares of the semiconductor company’s stock valued at $784,000 after acquiring an additional 1,690 shares in the last quarter. Whittier Trust Co. lifted its holdings in shares of Universal Display by 39.5% during the 4th quarter. Whittier Trust Co. now owns 13,086 shares of the semiconductor company’s stock valued at $2,259,000 after acquiring an additional 3,707 shares in the last quarter. Swiss National Bank lifted its holdings in shares of Universal Display by 2.1% during the 4th quarter. Swiss National Bank now owns 72,100 shares of the semiconductor company’s stock valued at $12,448,000 after acquiring an additional 1,500 shares in the last quarter. Finally, Daiwa Securities Group Inc. acquired a new position in shares of Universal Display during the 4th quarter valued at $466,000. Institutional investors and hedge funds own 66.36% of the company’s stock.

Several research firms recently weighed in on OLED. Needham & Company LLC upgraded shares of Universal Display from a “hold” rating to a “buy” rating and set a $180.00 target price on the stock in a report on Tuesday. They noted that the move was a valuation call. BidaskClub lowered shares of Universal Display from a “buy” rating to a “hold” rating in a report on Wednesday, December 6th. Susquehanna Bancshares boosted their price objective on shares of Universal Display from $195.00 to $215.00 and gave the stock a “positive” rating in a report on Friday, January 5th. Cowen set a $225.00 price objective on shares of Universal Display and gave the stock a “buy” rating in a report on Tuesday. Finally, Deutsche Bank boosted their price objective on shares of Universal Display to $150.00 and gave the stock a “buy” rating in a report on Tuesday, October 31st. One investment analyst has rated the stock with a sell rating, seven have issued a hold rating and six have given a buy rating to the company’s stock. Universal Display presently has an average rating of “Hold” and a consensus target price of $168.91.

In other news, Chairman Sherwin I. Seligsohn sold 50,000 shares of the business’s stock in a transaction dated Friday, January 12th. The shares were sold at an average price of $200.00, for a total value 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 transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. 5.20% of the stock is currently owned by insiders.

Shares of Universal Display Co. (NASDAQ:OLED) opened at $161.10 on Wednesday. The firm has a market cap of $7,288.94, a PE ratio of 75.96 and a beta of 0.90. Universal Display Co. has a 1 year low of $66.65 and a 1 year high of $209.00.

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About Universal Display

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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Institutional Ownership by Quarter for Universal Display (NASDAQ:OLED)

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