KBC Group NV Purchases 842 Shares of Universal Display Co. (NASDAQ:OLED)

KBC Group NV lifted its position in shares of Universal Display Co. (NASDAQ:OLED) by 79.4% during the 4th quarter, according to its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 1,903 shares of the semiconductor company’s stock after purchasing an additional 842 shares during the quarter. KBC Group NV’s holdings in Universal Display were worth $278,000 as of its most recent filing with the Securities & Exchange Commission.

Other hedge funds and other institutional investors also recently added to or reduced their stakes in the company. Assetmark Inc. purchased a new stake in shares of Universal Display in the 3rd quarter worth about $29,000. Brooklyn Investment Group purchased a new stake in Universal Display in the third quarter worth about $30,000. V Square Quantitative Management LLC bought a new position in shares of Universal Display during the third quarter valued at approximately $31,000. True Wealth Design LLC purchased a new position in shares of Universal Display during the third quarter valued at approximately $36,000. Finally, Nisa Investment Advisors LLC lifted its holdings in shares of Universal Display by 60.2% during the third 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 during the last quarter. 78.19% of the stock is owned by hedge funds and other institutional investors.

Analyst Upgrades and Downgrades

A number of research firms recently weighed in on OLED. TD Cowen reduced their price objective on Universal Display from $250.00 to $225.00 and set a “buy” rating for the company in a research report on Thursday, October 31st. Oppenheimer reduced their price target on Universal Display from $220.00 to $200.00 and set an “outperform” rating for the company in a report on Thursday, January 2nd. Finally, Needham & Company LLC reiterated a “buy” rating and issued a $215.00 price target on shares of Universal Display in a research note on Thursday, January 16th. One investment analyst has rated the stock with a hold rating and five have given a buy rating to the company. According to data from MarketBeat, the company has a consensus rating of “Moderate Buy” and a consensus price target of $212.50.

Universal Display Price Performance

Universal Display stock opened at $142.98 on Tuesday. Universal Display Co. has a one year low of $142.15 and a one year high of $237.00. The business’s fifty day moving average is $152.83 and its 200 day moving average is $179.99. The stock has a market capitalization of $6.79 billion, a PE ratio of 28.71, a price-to-earnings-growth ratio of 1.64 and a beta of 1.39.

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.