Morton Brown Family Wealth LLC Takes Position in Universal Display Co. (NASDAQ:OLED)

Morton Brown Family Wealth LLC bought a new stake in shares of Universal Display Co. (NASDAQ:OLED) in the 4th quarter, according to its most recent 13F filing with the SEC. The firm bought 500 shares of the semiconductor company’s stock, valued at approximately $73,000.

A number of other hedge funds and other institutional investors also recently added to or reduced their stakes in the business. Glenmede Trust Co. NA raised its holdings in Universal Display by 1.6% in the 3rd quarter. Glenmede Trust Co. NA now owns 6,046 shares of the semiconductor company’s stock valued at $1,269,000 after acquiring an additional 97 shares during the last quarter. BNP Paribas Financial Markets boosted its holdings in Universal Display by 8.8% in the third quarter. BNP Paribas Financial Markets now owns 52,713 shares of the semiconductor company’s stock valued at $11,064,000 after acquiring an additional 4,269 shares during the last quarter. Montanaro Asset Management Ltd grew its stake in Universal Display by 217.4% during the third quarter. Montanaro Asset Management Ltd now owns 63,260 shares of the semiconductor company’s stock worth $13,278,000 after buying an additional 43,330 shares during the period. Cerity Partners LLC increased its holdings in Universal Display by 385.2% in the 3rd quarter. Cerity Partners LLC now owns 8,588 shares of the semiconductor company’s stock valued at $1,803,000 after purchasing an additional 6,818 shares in the last quarter. Finally, Pacer Advisors Inc. raised its stake in shares of Universal Display by 37.2% in the 4th quarter. Pacer Advisors Inc. now owns 27,246 shares of the semiconductor company’s stock valued at $3,983,000 after purchasing an additional 7,390 shares in the last quarter. Institutional investors and hedge funds own 78.19% of the company’s stock.

Analyst Upgrades and Downgrades

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

Universal Display Price Performance

NASDAQ OLED opened at $142.50 on Tuesday. Universal Display Co. has a fifty-two week low of $140.17 and a fifty-two week high of $237.00. The business has a fifty day moving average price of $149.29 and a two-hundred day moving average price of $174.39. The stock has a market capitalization of $6.76 billion, a PE ratio of 28.61, a PEG ratio of 1.57 and a beta of 1.39.

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.