Rhumbline Advisers Has $23.19 Million Stock Holdings in Universal Display Co. (NASDAQ:OLED)

Rhumbline Advisers grew its holdings in Universal Display Co. (NASDAQ:OLED) by 1.5% in the fourth quarter, according to the company in its most recent Form 13F filing with the SEC. The institutional investor owned 158,618 shares of the semiconductor company’s stock after buying an additional 2,387 shares during the quarter. Rhumbline Advisers owned approximately 0.33% of Universal Display worth $23,190,000 at the end of the most recent reporting period.

Other hedge funds and other institutional investors have also recently added to or reduced their stakes in the company. Assetmark Inc. acquired a new stake in Universal Display in the third quarter worth about $29,000. Brooklyn Investment Group acquired a new stake in Universal Display in the third quarter worth about $30,000. True Wealth Design LLC acquired a new position in shares of Universal Display during the 3rd quarter worth about $36,000. Nisa Investment Advisors LLC grew its position in shares of Universal Display by 60.2% during the 3rd quarter. Nisa Investment Advisors LLC now owns 173 shares of the semiconductor company’s stock worth $36,000 after buying an additional 65 shares during the period. Finally, Blue Trust Inc. grew its position in shares of Universal Display by 401.9% during the 4th quarter. Blue Trust Inc. now owns 261 shares of the semiconductor company’s stock worth $38,000 after buying an additional 209 shares during the period. 78.19% of the stock is currently owned by institutional investors and hedge funds.

Analyst Ratings Changes

Several equities analysts have recently issued reports on the company. Oppenheimer decreased their target price on Universal Display from $220.00 to $200.00 and set an “outperform” rating for the company in a research report on Thursday, January 2nd. TD Cowen decreased their target price 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. 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. The Goldman Sachs Group cut their price objective on Universal Display from $234.00 to $203.00 and set a “buy” rating on the stock in a report on Thursday, February 6th. Finally, Needham & Company LLC reiterated a “buy” rating and set a $215.00 price objective on shares of Universal Display in a report on Thursday, January 16th. Two research analysts have rated the stock with a hold rating and five have issued a buy rating to the company’s stock. According to MarketBeat, the company has an average rating of “Moderate Buy” and an average price target of $199.57.

Universal Display Stock Performance

NASDAQ OLED opened at $147.34 on Friday. The stock has a market capitalization of $6.99 billion, a price-to-earnings ratio of 29.59, a PEG ratio of 1.58 and a beta of 1.39. The stock’s 50 day moving average price is $148.52 and its two-hundred day moving average price is $173.82. Universal Display Co. has a 52 week low of $140.17 and a 52 week high of $237.00.

Universal Display (NASDAQ:OLED) last released its earnings results on Thursday, February 20th. The semiconductor company reported $1.22 EPS for the quarter, beating the consensus estimate of $1.08 by $0.14. Universal Display had a return on equity of 15.75% and a net margin of 36.98%. On average, equities research analysts forecast that Universal Display Co. will post 4.77 EPS for the current year.

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.