Strategic Financial Concepts LLC Invests $11.12 Million in Universal Display Co. (NASDAQ:OLED)

Strategic Financial Concepts LLC purchased a new stake in shares of Universal Display Co. (NASDAQ:OLED) in the 4th quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The institutional investor purchased 76,081 shares of the semiconductor company’s stock, valued at approximately $11,123,000. Strategic Financial Concepts LLC owned 0.16% of Universal Display as of its most recent filing with the Securities & Exchange Commission.

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

Universal Display Price Performance

OLED opened at $142.50 on Friday. The firm has a market capitalization of $6.76 billion, a P/E ratio of 28.61, a price-to-earnings-growth ratio of 1.57 and a beta of 1.39. Universal Display Co. has a one year low of $140.17 and a one year high of $237.00. The company has a fifty day moving average price of $149.60 and a 200-day moving average price of $175.22.

Analyst Upgrades and Downgrades

Several brokerages recently weighed in on OLED. Needham & Company LLC reissued a “buy” rating and issued a $215.00 price objective on shares of Universal Display in a report on Thursday, January 16th. The Goldman Sachs Group reduced their target price on shares of 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 dropped their price target on shares of Universal Display from $220.00 to $200.00 and set an “outperform” rating on the stock in a research note on Thursday, January 2nd. Citigroup reduced their price objective on shares of Universal Display from $200.00 to $162.00 and set a “neutral” rating for the company in a research note on Monday, February 10th. Finally, TD Cowen dropped their target price on Universal Display from $250.00 to $225.00 and set a “buy” rating on the stock in a research report on Thursday, October 31st. Two investment analysts have rated the stock with a hold rating and five have given a buy rating to the company’s stock. According to data from MarketBeat.com, the stock presently has a consensus rating of “Moderate Buy” and a consensus target price of $199.57.

Universal Display 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.