International Assets Investment Management LLC Invests $6.79 Million in Universal Display Co. (NASDAQ:OLED)

International Assets Investment Management LLC acquired a new position in Universal Display Co. (NASDAQ:OLED) during the 3rd quarter, HoldingsChannel.com reports. The firm acquired 32,325 shares of the semiconductor company’s stock, valued at approximately $6,785,000.

Other large investors have also recently made changes to their positions in the company. SageView Advisory Group LLC acquired a new position in shares of Universal Display in the 1st quarter worth approximately $1,179,000. Montag A & Associates Inc. lifted its holdings in shares of Universal Display by 28.9% in the 1st quarter. Montag A & Associates Inc. now owns 11,848 shares of the semiconductor company’s stock worth $1,996,000 after acquiring an additional 2,655 shares during the last quarter. Tidal Investments LLC lifted its holdings in shares of Universal Display by 172.0% in the 1st quarter. Tidal Investments LLC now owns 6,246 shares of the semiconductor company’s stock worth $1,052,000 after acquiring an additional 3,950 shares during the last quarter. Meeder Asset Management Inc. acquired a new position in shares of Universal Display in the 1st quarter worth approximately $1,001,000. Finally, Harbor Capital Advisors Inc. increased its stake in Universal Display by 375.1% during the 2nd quarter. Harbor Capital Advisors Inc. now owns 10,043 shares of the semiconductor company’s stock worth $2,112,000 after buying an additional 7,929 shares during the period. 78.19% of the stock is currently owned by institutional investors and hedge funds.

Universal Display Trading Down 11.2 %

Shares of NASDAQ:OLED opened at $180.32 on Friday. Universal Display Co. has a 52 week low of $133.67 and a 52 week high of $237.00. The company’s 50 day moving average is $201.79 and its two-hundred day moving average is $193.89. The company has a market cap of $8.55 billion, a PE ratio of 39.20, a P/E/G ratio of 2.16 and a beta of 1.42.

Universal Display (NASDAQ:OLED) last posted its earnings results on Wednesday, October 30th. The semiconductor company reported $1.40 EPS for the quarter, beating analysts’ consensus estimates of $1.20 by $0.20. The firm had revenue of $161.63 million for the quarter, compared to the consensus estimate of $165.28 million. Universal Display had a net margin of 35.74% and a return on equity of 15.25%. The company’s revenue was up 14.6% on a year-over-year basis. During the same period last year, the firm posted $1.08 EPS. As a group, equities research analysts expect that Universal Display Co. will post 4.81 EPS for the current year.

Analyst Upgrades and Downgrades

Several brokerages recently weighed in on OLED. The Goldman Sachs Group upped their target price on shares of Universal Display from $208.00 to $243.00 and gave the stock a “buy” rating in a research note on Thursday, July 18th. Needham & Company LLC cut their target price on shares of Universal Display from $242.00 to $215.00 and set a “buy” rating on the stock in a research note on Thursday. Oppenheimer cut their target price on shares of Universal Display from $240.00 to $220.00 and set an “outperform” rating on the stock in a research note on Thursday. Susquehanna upped their target price on shares of Universal Display from $170.00 to $175.00 and gave the stock a “neutral” rating in a research note on Friday, August 2nd. Finally, TD Cowen cut their target price on shares of Universal Display from $250.00 to $225.00 and set a “buy” rating on the stock in a research note on Thursday. Two analysts have rated the stock with a hold rating and six have given a buy rating to the company’s stock. According to MarketBeat, the company presently has an average rating of “Moderate Buy” and a consensus price target of $215.63.

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.