As Universal Display Corp (OLED) Share Price Rose, Columbus Circle Investors Raised Its Stake by $20.94 Million

March 20, 2018 - By Marguerite Chambers

Investors sentiment increased to 1.27 in 2017 Q3. Its up 0.07, from 1.2 in 2017Q2. It increased, as 31 investors sold OLED shares while 84 reduced holdings. 67 funds opened positions while 79 raised stakes. 29.47 million shares or 1.93% more from 28.92 million shares in 2017Q2 were reported. Kelly Lawrence W And Assocs Ca owns 1,000 shares for 0.02% of their portfolio. Domini Impact Invests Limited Company holds 13.68% or 4,669 shares in its portfolio. Keybank Association Oh reported 0% stake. Eqis Capital Management holds 0.03% or 3,938 shares in its portfolio. Neuberger Berman Grp Inc Limited Liability holds 0.12% of its portfolio in Universal Display Corporation (NASDAQ:OLED) for 714,223 shares. State Board Of Administration Of Florida Retirement System holds 0.02% of its portfolio in Universal Display Corporation (NASDAQ:OLED) for 55,758 shares. 605,007 were accumulated by Jericho Cap Asset L P. State Common Retirement Fund reported 112,956 shares. Princeton Port Strategies Group Ltd Liability invested 0.22% of its portfolio in Universal Display Corporation (NASDAQ:OLED). Alps Advisors Inc owns 3,553 shares. Clear Harbor Asset Management Llc reported 5,868 shares or 0.15% of all its holdings. Griffin Asset Mngmt has 0.96% invested in Universal Display Corporation (NASDAQ:OLED) for 41,262 shares. Brown Advisory Secs Limited Liability Co stated it has 0.25% in Universal Display Corporation (NASDAQ:OLED). Eam Invsts Ltd Company owns 14,394 shares for 0.25% of their portfolio. Condor Cap Management stated it has 5,481 shares or 0.14% of all its holdings.

Donald Chiboucis increased its stake in Universal Display Corp (OLED) by 24.06% based on its latest 2017Q3 regulatory filing with the SEC. Columbus Circle Investors bought 163,569 shares as the company’s stock rose 58.84% with the market. The hedge fund run by Donald Chiboucis held 843,537 shares of the electrical products company at the end of 2017Q3, valued at $108.69M, up from 679,968 at the end of the previous reported quarter. Columbus Circle Investors who had been investing in Universal Display Corp for a number of months, seems to be bullish on the $5.35 billion market cap company. The stock increased 4.31% or $4.7 during the last trading session, reaching $113.7. About 1.33 million shares traded. Universal Display Corporation (NASDAQ:OLED) has risen 114.77% since March 20, 2017 and is uptrending. It has outperformed by 98.07% the S&P500.

Columbus Circle Investors, which manages about $17.54 billion and $5.87 billion US Long portfolio, decreased its stake in Cummins Inc (NYSE:CMI) by 63,752 shares to 216,872 shares, valued at $36.44 million in 2017Q3, according to the filing. It also reduced its holding in Tjx Cos Inc New (NYSE:TJX) by 587,221 shares in the quarter, leaving it with 280,659 shares, and cut its stake in Yum China Hldgs Inc.

Universal Display Corporation (NASDAQ:OLED) Ratings Coverage

Among 11 analysts covering Universal Display (NASDAQ:OLED), 6 have Buy rating, 0 Sell and 5 Hold. Therefore 55% are positive. Universal Display has $225.0 highest and $31 lowest target. $144’s average target is 26.65% above currents $113.7 stock price. Universal Display had 31 analyst reports since August 11, 2015 according to SRatingsIntel. The stock has “Buy” rating by Cowen & Co on Wednesday, October 11. Gabelli upgraded it to “Buy” rating and $68 target in Friday, November 4 report. As per Wednesday, December 9, the company rating was maintained by Canaccord Genuity. The stock of Universal Display Corporation (NASDAQ:OLED) earned “Buy” rating by Deutsche Bank on Friday, February 23. Susquehanna maintained it with “Buy” rating and $200.0 target in Friday, February 23 report. The firm has “Buy” rating by Goldman Sachs given on Friday, November 3. The stock of Universal Display Corporation (NASDAQ:OLED) earned “Hold” rating by Canaccord Genuity on Friday, November 4. The company was maintained on Tuesday, January 16 by Cowen & Co. The rating was initiated by Evercore on Thursday, November 30 with “Buy”. The firm earned “Hold” rating on Friday, August 4 by Oppenheimer.

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