Universal Display Co. (NASDAQ:OLED) Holdings Raised by New York State Teachers Retirement System

New York State Teachers Retirement System lifted its stake in shares of Universal Display Co. (NASDAQ:OLED) by 0.2% during the fourth quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 43,186 shares of the semiconductor company’s stock after purchasing an additional 100 shares during the quarter. New York State Teachers Retirement System owned about 0.09% of Universal Display worth $6,314,000 at the end of the most recent reporting period.

Other hedge funds and other institutional investors have also modified their holdings of the company. Creative Planning raised its position in Universal Display by 16.1% in the third quarter. Creative Planning now owns 15,406 shares of the semiconductor company’s stock worth $3,234,000 after acquiring an additional 2,132 shares in the last quarter. OLD National Bancorp IN acquired a new stake in Universal Display during the 3rd quarter worth about $509,000. Whittier Trust Co. of Nevada Inc. raised its holdings in Universal Display by 240.0% during the 3rd quarter. Whittier Trust Co. of Nevada Inc. now owns 340 shares of the semiconductor company’s stock worth $71,000 after buying an additional 240 shares during the period. Eagle Bay Advisors LLC acquired a new stake in Universal Display during the 3rd quarter worth about $126,000. Finally, International Assets Investment Management LLC acquired a new stake in Universal Display during the 3rd quarter worth about $6,785,000. 78.19% of the stock is currently owned by institutional investors.

Wall Street Analysts Forecast Growth

OLED has been the topic of several recent analyst reports. Needham & Company LLC restated a “buy” rating and set a $215.00 price objective on shares of Universal Display in a report on Thursday, January 16th. Citigroup cut their price objective on Universal Display from $200.00 to $162.00 and set a “neutral” rating on the stock in a report on Monday, February 10th. TD Cowen lowered their target price on Universal Display from $250.00 to $225.00 and set a “buy” rating on the stock in a research note on Thursday, October 31st. Oppenheimer lowered their target price on Universal Display from $220.00 to $200.00 and set an “outperform” rating on the stock in a research note on Thursday, January 2nd. Finally, The Goldman Sachs Group lowered their target price on Universal Display from $234.00 to $203.00 and set a “buy” rating on the stock in a research note on Thursday, February 6th. Two research analysts have rated the stock with a hold rating and five have assigned a buy rating to the stock. According to MarketBeat, the stock currently has a consensus rating of “Moderate Buy” and a consensus target price of $199.57.

Universal Display Trading Up 1.1 %

OLED opened at $146.62 on Thursday. Universal Display Co. has a 1-year low of $140.17 and a 1-year high of $237.00. The stock has a market capitalization of $6.96 billion, a price-to-earnings ratio of 29.44, a P/E/G ratio of 1.56 and a beta of 1.39. The business has a 50 day moving average of $148.80 and a 200-day moving average of $174.01.

About Universal Display

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.