Universal Display Co. (NASDAQ:OLED) Shares Sold by Cigna Investments Inc. New

Cigna Investments Inc. New decreased its holdings in Universal Display Co. (NASDAQ:OLED) by 15.1% in the fourth quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 1,173 shares of the semiconductor company’s stock after selling 208 shares during the quarter. Cigna Investments Inc. New’s holdings in Universal Display were worth $207,000 as of its most recent SEC filing.

Several other institutional investors have also bought and sold shares of the company. Advisory Services Network LLC lifted its position in Universal Display by 805.1% during the 4th quarter. Advisory Services Network LLC now owns 3,702 shares of the semiconductor company’s stock worth $764,000 after acquiring an additional 3,293 shares during the period. Cambridge Investment Research Advisors Inc. raised its stake in shares of Universal Display by 6.0% during the 4th quarter. Cambridge Investment Research Advisors Inc. now owns 5,002 shares of the semiconductor company’s stock valued at $1,031,000 after buying an additional 282 shares during the last quarter. Triodos Investment Management BV raised its stake in shares of Universal Display by 8.0% during the 4th quarter. Triodos Investment Management BV now owns 13,500 shares of the semiconductor company’s stock valued at $2,782,000 after buying an additional 1,000 shares during the last quarter. DekaBank Deutsche Girozentrale raised its stake in shares of Universal Display by 220.0% during the 4th quarter. DekaBank Deutsche Girozentrale now owns 6,400 shares of the semiconductor company’s stock valued at $1,359,000 after buying an additional 4,400 shares during the last quarter. Finally, SkyOak Wealt LLC purchased a new position in shares of Universal Display during the 4th quarter valued at about $1,771,000. 66.29% of the stock is owned by hedge funds and other institutional investors.

NASDAQ OLED opened at $177.69 on Friday. Universal Display Co. has a fifty-two week low of $115.62 and a fifty-two week high of $230.32. The stock has a 50-day simple moving average of $200.25 and a two-hundred day simple moving average of $195.20. The firm has a market capitalization of $8.37 billion, a P/E ratio of 64.38, a PEG ratio of 1.50 and a beta of 1.63.

A number of research firms have weighed in on OLED. Needham & Company LLC reiterated a “hold” rating on shares of Universal Display in a research note on Thursday, October 31st. ValuEngine lowered Universal Display from a “hold” rating to a “sell” rating in a research note on Thursday, January 23rd. Zacks Investment Research upgraded Universal Display from a “hold” rating to a “strong-buy” rating and set a $212.00 price objective for the company in a research note on Friday, November 1st. Cowen lowered Universal Display from an “outperform” rating to a “market perform” rating and lifted their price objective for the company from $175.00 to $200.00 in a research note on Friday, November 22nd. Finally, BidaskClub lowered Universal Display from a “hold” rating to a “sell” rating in a research note on Tuesday, February 4th. Three research analysts have rated the stock with a sell rating, six have assigned a hold rating, three have issued a buy rating and one has issued a strong buy rating to the company’s stock. The company currently has an average rating of “Hold” and an average target price of $196.23.

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 flat panel displays and solid-state lighting applications. As of February 21, 2019, it owned or had exclusive and co-exclusive licenses, or had sole license rights with respect to approximately 5,000 issued and pending patents worldwide.

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Institutional Ownership by Quarter for Universal Display (NASDAQ:OLED)

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