Triodos Investment Management BV lowered its stake in Universal Display Co. (NASDAQ:OLED) by 16.7% in the third quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor owned 12,500 shares of the semiconductor company’s stock after selling 2,500 shares during the period. Triodos Investment Management BV’s holdings in Universal Display were worth $2,099,000 at the end of the most recent quarter.
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Other institutional investors also recently modified their holdings of the company. TCI Wealth Advisors Inc. increased its holdings in shares of Universal Display by 1,458.3% in the second quarter. TCI Wealth Advisors Inc. now owns 187 shares of the semiconductor company’s stock valued at $35,000 after purchasing an additional 175 shares in the last quarter. Capital Investment Advisory Services LLC boosted its stake in Universal Display by 94.0% in the second quarter. Capital Investment Advisory Services LLC now owns 194 shares of the semiconductor company’s stock valued at $40,000 after acquiring an additional 94 shares during the last quarter. HM Payson & Co. bought a new position in Universal Display in the second quarter valued at approximately $38,000. Harvest Fund Management Co. Ltd bought a new position in Universal Display in the second quarter valued at approximately $41,000. Finally, Institutional & Family Asset Management LLC boosted its stake in Universal Display by 79.4% in the second quarter. Institutional & Family Asset Management LLC now owns 226 shares of the semiconductor company’s stock valued at $42,000 after acquiring an additional 100 shares during the last quarter. 69.08% of the stock is owned by institutional investors and hedge funds.
Shares of NASDAQ:OLED traded up $0.86 during midday trading on Friday, reaching $199.88. 416,500 shares of the company were exchanged, compared to its average volume of 730,990. The firm has a market cap of $9.50 billion, a PE ratio of 161.19, a P/E/G ratio of 2.16 and a beta of 1.52. The stock has a fifty day simple moving average of $177.15 and a two-hundred day simple moving average of $183.97. Universal Display Co. has a fifty-two week low of $78.78 and a fifty-two week high of $230.32.
Universal Display (NASDAQ:OLED) last released its quarterly earnings data on Wednesday, October 30th. The semiconductor company reported $0.78 earnings per share for the quarter, topping the consensus estimate of $0.57 by $0.21. The company had revenue of $97.50 million for the quarter, compared to analyst estimates of $85.88 million. Universal Display had a net margin of 35.10% and a return on equity of 17.81%. Universal Display’s revenue for the quarter was up 25.6% compared to the same quarter last year. During the same period in the previous year, the business earned $0.48 EPS. As a group, analysts expect that Universal Display Co. will post 3.11 earnings per share for the current year.
The firm also recently disclosed a quarterly dividend, which will be paid on Tuesday, December 31st. Shareholders of record on Friday, December 13th will be issued a $0.10 dividend. This represents a $0.40 dividend on an annualized basis and a yield of 0.20%. The ex-dividend date is Thursday, December 12th. Universal Display’s dividend payout ratio is currently 32.26%.
In other news, insider Julia J. Brown sold 24,905 shares of the company’s stock in a transaction that occurred on Wednesday, November 6th. The shares were sold at an average price of $199.85, for a total transaction of $4,977,264.25. Following the completion of the sale, the insider now owns 99,455 shares of the company’s stock, valued at approximately $19,876,081.75. The sale was disclosed in a legal filing with the SEC, which is accessible through this hyperlink. Also, CEO Steven V. Abramson sold 31,182 shares of the company’s stock in a transaction that occurred on Thursday, September 5th. The stock was sold at an average price of $222.02, for a total transaction of $6,923,027.64. Following the transaction, the chief executive officer now owns 146,493 shares of the company’s stock, valued at $32,524,375.86. The disclosure for this sale can be found here. Insiders sold a total of 56,272 shares of company stock valued at $11,929,812 in the last three months. Insiders own 3.70% of the company’s stock.
A number of equities analysts have issued reports on the stock. Berenberg Bank assumed coverage on shares of Universal Display in a research note on Wednesday, July 24th. They issued a “hold” rating and a $192.00 price objective on the stock. Zacks Investment Research raised shares of Universal Display from a “hold” rating to a “strong-buy” rating and set a $212.00 price objective on the stock in a research note on Friday, November 1st. Benchmark set a $175.00 price objective on shares of Universal Display and gave the company a “buy” rating in a research note on Tuesday, September 17th. ValuEngine cut shares of Universal Display from a “buy” rating to a “hold” rating in a research note on Wednesday, October 2nd. Finally, Roth Capital raised their price objective on shares of Universal Display from $172.00 to $206.00 and gave the company a “neutral” rating in a research note on Friday, August 2nd. One research analyst has rated the stock with a sell rating, seven have issued a hold rating, four have issued a buy rating and one has assigned a strong buy rating to the stock. The stock currently has a consensus rating of “Hold” and an average target price of $195.85.
Universal Display Company 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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