Turner Investments LLC acquired a new position in shares of Universal Display Corporation (NASDAQ:OLED) during the fourth quarter, Holdings Channel reports. The fund acquired 14,000 shares of the company’s stock, valued at approximately $788,000.
Other hedge funds have also recently bought and sold shares of the company. Tower Research Capital LLC TRC purchased a new stake in Universal Display Corporation during the second quarter worth approximately $104,000. Kelly Lawrence W & Associates Inc. CA purchased a new stake in Universal Display Corporation during the second quarter worth approximately $108,000. Gilder Gagnon Howe & Co. LLC boosted its stake in Universal Display Corporation by 57.5% in the second quarter. Gilder Gagnon Howe & Co. LLC now owns 3,466 shares of the company’s stock worth $235,000 after buying an additional 1,266 shares during the period. Zurcher Kantonalbank Zurich Cantonalbank boosted its stake in Universal Display Corporation by 4.2% in the third quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 4,029 shares of the company’s stock worth $224,000 after buying an additional 164 shares during the period. Finally, Usca Ria LLC purchased a new stake in Universal Display Corporation during the third quarter worth approximately $239,000. Institutional investors own 67.08% of the company’s stock.
Universal Display Corporation (NASDAQ:OLED) traded up 0.16% during mid-day trading on Friday, hitting $63.90. The company had a trading volume of 272,832 shares. The firm has a market capitalization of $3.00 billion, a P/E ratio of 76.71 and a beta of 1.27. The company has a 50-day moving average price of $60.90 and a 200 day moving average price of $58.57. Universal Display Corporation has a 12 month low of $42.30 and a 12 month high of $74.39.
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A number of research firms recently commented on OLED. TheStreet cut Universal Display Corporation from a “buy” rating to a “hold” rating in a research report on Tuesday, November 8th. Needham & Company LLC restated a “hold” rating on shares of Universal Display Corporation in a research report on Wednesday, December 28th. Zacks Investment Research cut Universal Display Corporation from a “hold” rating to a “sell” rating in a research report on Wednesday, January 4th. Canaccord Genuity restated a “hold” rating and issued a $49.00 price target (down previously from $51.00) on shares of Universal Display Corporation in a research report on Tuesday, November 1st. Finally, Oppenheimer Holdings, Inc. restated a “market perform” rating on shares of Universal Display Corporation in a research report on Monday, November 7th. One analyst has rated the stock with a sell rating, five have assigned a hold rating and three have issued a buy rating to the company. The company has an average rating of “Hold” and an average price target of $67.40.
Universal Display Corporation Company Profile
Universal Display Corporation is engaged in the research, development and commercialization of organic light emitting diode (OLED), technologies and materials for use in displays for wearables, smartphones, tablets and televisions, as well as solid-state lighting applications. The Company’s flat panel displays are used for various portable consumer electronics products, such as mobile phones, wearables, portable media devices, digital cameras, tablets and notebook computers.
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