BlackRock Amends Universal Display Stake, Remains Passive Investor
Ticker: OLED · Form: SC 13G/A · Filed: Jan 25, 2024 · CIK: 1005284
| Field | Detail |
|---|---|
| Company | Universal Display Corp \Pa\ (OLED) |
| Form Type | SC 13G/A |
| Filed Date | Jan 25, 2024 |
| Risk Level | low |
| Sentiment | neutral |
Complexity: simple
Sentiment: neutral
Topics: institutional-ownership, amendment, passive-investment
TL;DR
**BlackRock updated its Universal Display stake, still a passive holder.**
AI Summary
BlackRock Inc. filed an amended SC 13G/A on January 25, 2024, indicating its ownership of Universal Display Corp \PA\ common stock as of December 31, 2023. This filing, Amendment No. 5, updates BlackRock's passive investment stake in the company. This matters to investors because it shows a major institutional investor's continued, albeit passive, interest in Universal Display, potentially signaling confidence in its long-term prospects.
Why It Matters
This filing confirms BlackRock's ongoing, significant, but passive investment in Universal Display Corp, which can influence investor sentiment and perception of the stock's stability.
Risk Assessment
Risk Level: low — This is a routine update from a large institutional investor and does not indicate any immediate change in company operations or significant market risk.
Analyst Insight
An investor should note that BlackRock's continued passive stake suggests no immediate activist intentions, but its presence provides a baseline of institutional confidence in Universal Display Corp.
Key Players & Entities
- BlackRock Inc. (company) — the reporting person and institutional investor
- Universal Display Corp \PA\ (company) — the subject company whose securities are being reported
- December 31, 2023 (date) — the date of the event requiring the filing
- January 25, 2024 (date) — the filing date of the SC 13G/A amendment
FAQ
What type of filing is this document?
This document is an SC 13G/A, which is an amendment to a Schedule 13G filing, as indicated by 'FORM TYPE: SC 13G/A' and '(Amendment No: 5)' in the filing.
Who is the reporting person in this filing?
The reporting person is BlackRock, Inc., as stated under '(1)Names of reporting persons. BlackRock, Inc.' and in the 'FILED BY' section of the header.
What is the subject company whose shares are being reported?
The subject company is UNIVERSAL DISPLAY CORP \PA\, as indicated by 'Name of Issuer) UNIVERSAL DISPLAY CORP \PA\' and in the 'SUBJECT COMPANY' section of the header.
What was the date of the event that required this filing?
The date of the event which required this filing was December 31, 2023, as specified by '(Date of Event Which Requires Filing of this Statement) December 31, 2023'.
Under which rule is this Schedule 13G filed?
This Schedule 13G is filed under Rule 13d-1(b), as indicated by the 'X' next to '[X] Rule 13d-1(b)' in the filing.
Filing Details
This Form SC 13G/A (Form SC 13G/A) was filed with the SEC on January 25, 2024 regarding UNIVERSAL DISPLAY CORP \PA\ (OLED).