Cardinal Capital Management Has $1.40 Million Stock Holdings in Universal Display Co. (NASDAQ:OLED)

Cardinal Capital Management lifted its holdings in Universal Display Co. (NASDAQ:OLED) by 3.5% in the fourth quarter, according to its most recent disclosure with the Securities & Exchange Commission. The fund owned 9,562 shares of the semiconductor company’s stock after buying an additional 325 shares during the quarter. Cardinal Capital Management’s holdings in Universal Display were worth $1,398,000 at the end of the most recent quarter.

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

Universal Display Stock Performance

Shares of NASDAQ:OLED opened at $142.50 on Tuesday. The company has a 50 day moving average price of $149.29 and a two-hundred day moving average price of $174.39. The company 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 Co. has a 52 week low of $140.17 and a 52 week high of $237.00.

Wall Street Analysts Forecast Growth

OLED has been the topic of several research reports. The Goldman Sachs Group cut 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, February 6th. Oppenheimer cut their target price on shares of Universal Display from $220.00 to $200.00 and set an “outperform” rating on the stock in a research report on Thursday, January 2nd. Citigroup lowered their price target on shares of Universal Display from $200.00 to $162.00 and set a “neutral” rating for the company in a research report on Monday, February 10th. 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 report on Thursday, October 31st. Finally, Needham & Company LLC reaffirmed a “buy” rating and set a $215.00 target price on shares of Universal Display in a report on Thursday, January 16th. Two equities research analysts have rated the stock with a hold rating and five have issued a buy rating to the stock. According to MarketBeat, the company has an average rating of “Moderate Buy” and an average price target 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.