13,941 Shares in Universal Display Co. (NASDAQ:OLED) Acquired by Lecap Asset Management Ltd.

Lecap Asset Management Ltd. bought a new stake in shares of Universal Display Co. (NASDAQ:OLED) during the fourth quarter, according to the company in its most recent filing with the SEC. The institutional investor bought 13,941 shares of the semiconductor company’s stock, valued at approximately $2,038,000.

A number of other large investors have also recently bought and sold shares of OLED. Park Avenue Securities LLC grew its holdings in Universal Display by 33.1% during the 3rd quarter. Park Avenue Securities LLC now owns 1,437 shares of the semiconductor company’s stock valued at $302,000 after buying an additional 357 shares during the last quarter. GAMMA Investing LLC grew its holdings in Universal Display by 80.2% during the 3rd quarter. GAMMA Investing LLC now owns 926 shares of the semiconductor company’s stock valued at $194,000 after buying an additional 412 shares during the last quarter. CWM LLC grew its holdings in Universal Display by 390.9% during the 3rd quarter. CWM LLC now owns 5,586 shares of the semiconductor company’s stock valued at $1,173,000 after buying an additional 4,448 shares during the last quarter. UMB Bank n.a. grew its holdings in Universal Display by 42.1% during the 3rd quarter. UMB Bank n.a. now owns 324 shares of the semiconductor company’s stock valued at $68,000 after buying an additional 96 shares during the last quarter. Finally, LVW Advisors LLC acquired a new stake in Universal Display during the 3rd quarter valued at $785,000. Institutional investors and hedge funds own 78.19% of the company’s stock.

Universal Display Trading Down 1.1 %

Shares of OLED opened at $144.08 on Friday. The firm has a market capitalization of $6.84 billion, a P/E ratio of 28.93, a price-to-earnings-growth ratio of 1.64 and a beta of 1.39. The stock’s fifty day simple moving average is $151.86 and its 200 day simple moving average is $178.99. Universal Display Co. has a twelve month low of $141.56 and a twelve month high of $237.00.

Analyst Ratings Changes

A number of equities research analysts have commented on OLED shares. Oppenheimer lowered their target price on Universal Display from $220.00 to $200.00 and set an “outperform” rating on the stock in a report on Thursday, January 2nd. The Goldman Sachs Group reduced their price target on Universal Display from $234.00 to $203.00 and set a “buy” rating on the stock in a research note on Thursday. Needham & Company LLC reissued a “buy” rating and set a $215.00 price target on shares of Universal Display in a research note on Thursday, January 16th. Finally, TD Cowen reduced their price target 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. One equities research analyst has rated the stock with a hold rating and five have issued a buy rating to the company’s stock. According to MarketBeat.com, the stock has an average rating of “Moderate Buy” and an average target price of $205.83.

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.