Cambiar Investors LLC Decreases Position in Universal Display Co. (NASDAQ:OLED)

Cambiar Investors LLC reduced its stake in shares of Universal Display Co. (NASDAQ:OLED) by 7.9% during the 4th quarter, HoldingsChannel.com reports. The institutional investor owned 12,169 shares of the semiconductor company’s stock after selling 1,045 shares during the period. Cambiar Investors LLC’s holdings in Universal Display were worth $1,779,000 as of its most recent SEC filing.

Other hedge funds and other institutional investors have also recently bought and sold shares of the company. Jennison Associates LLC increased its position in shares of Universal Display by 58.2% during the fourth quarter. Jennison Associates LLC now owns 683,822 shares of the semiconductor company’s stock worth $99,975,000 after acquiring an additional 251,557 shares during the last quarter. Citigroup Inc. increased its holdings in Universal Display by 1,387.6% during the 3rd quarter. Citigroup Inc. now owns 261,723 shares of the semiconductor company’s stock worth $54,936,000 after purchasing an additional 244,129 shares during the last quarter. Raymond James & Associates raised its position in shares of Universal Display by 629.9% in the 3rd quarter. Raymond James & Associates now owns 269,414 shares of the semiconductor company’s stock valued at $56,550,000 after purchasing an additional 232,503 shares in the last quarter. Barclays PLC boosted its stake in shares of Universal Display by 753.8% during the 3rd quarter. Barclays PLC now owns 212,518 shares of the semiconductor company’s stock valued at $44,608,000 after buying an additional 187,627 shares during the last quarter. Finally, Southpoint Capital Advisors LP grew its position in shares of Universal Display by 46.0% during the third quarter. Southpoint Capital Advisors LP now owns 365,000 shares of the semiconductor company’s stock worth $76,614,000 after buying an additional 115,000 shares in the last quarter. 78.19% of the stock is owned by institutional investors and hedge funds.

Universal Display Trading Down 0.6 %

NASDAQ:OLED opened at $142.04 on Wednesday. The firm has a market capitalization of $6.74 billion, a PE ratio of 28.52, a price-to-earnings-growth ratio of 1.57 and a beta of 1.39. Universal Display Co. has a 52 week low of $140.61 and a 52 week high of $237.00. The stock has a 50 day moving average of $150.53 and a 200-day moving average of $176.56.

Wall Street Analysts Forecast Growth

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

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.