Triodos Investment Management BV lowered its position in Universal Display Co. (NASDAQ:OLED) by 16.7% during the third quarter, according to its most recent disclosure with the Securities and Exchange Commission. The fund owned 12,500 shares of the semiconductor company’s stock after selling 2,500 shares during the quarter. Triodos Investment Management BV’s holdings in Universal Display were worth $2,099,000 as of its most recent filing with the Securities and Exchange Commission.
A number of other institutional investors have also recently modified their holdings of the stock. BlackRock Inc. boosted its holdings in Universal Display by 0.6% in the second quarter. BlackRock Inc. now owns 3,823,204 shares of the semiconductor company’s stock valued at $718,991,000 after acquiring an additional 23,953 shares during the last quarter. Griffin Asset Management Inc. boosted its holdings in Universal Display by 24.5% in the second quarter. Griffin Asset Management Inc. now owns 618,209 shares of the semiconductor company’s stock valued at $116,260,000 after acquiring an additional 121,475 shares during the last quarter. Prudential Financial Inc. boosted its holdings in Universal Display by 1,315.1% in the second quarter. Prudential Financial Inc. now owns 355,338 shares of the semiconductor company’s stock valued at $66,825,000 after acquiring an additional 330,228 shares during the last quarter. Nuveen Asset Management LLC acquired a new position in shares of Universal Display during the second quarter worth about $61,236,000. Finally, DekaBank Deutsche Girozentrale lifted its stake in shares of Universal Display by 5.4% during the second quarter. DekaBank Deutsche Girozentrale now owns 297,408 shares of the semiconductor company’s stock worth $55,910,000 after purchasing an additional 15,308 shares in the last quarter. Hedge funds and other institutional investors own 69.08% of the company’s stock.
In other Universal Display news, CEO Steven V. Abramson sold 31,182 shares of the business’s stock in a transaction on Thursday, September 5th. The shares were sold at an average price of $222.02, for a total transaction of $6,923,027.64. Following the sale, the chief executive officer now directly owns 146,493 shares of the company’s stock, valued at approximately $32,524,375.86. The sale was disclosed in a document filed with the SEC, which is available through the SEC website. Also, Director C Keith Hartley sold 185 shares of the business’s stock in a transaction on Wednesday, October 2nd. The shares were sold at an average price of $159.57, for a total transaction of $29,520.45. Following the sale, the director now directly owns 93,669 shares in the company, valued at $14,946,762.33. The disclosure for this sale can be found here. Over the last three months, insiders have sold 56,272 shares of company stock worth $11,929,812. Company insiders own 3.70% of the company’s stock.
Shares of NASDAQ:OLED traded up $0.86 during trading on Friday, hitting $199.88. 416,500 shares of the company traded hands, compared to its average volume of 730,990. Universal Display Co. has a one year low of $78.78 and a one year high of $230.32. The business’s fifty day moving average is $177.15 and its 200-day moving average is $183.97. The stock has a market capitalization of $9.50 billion, a price-to-earnings ratio of 161.19, a PEG ratio of 2.16 and a beta of 1.52.
Universal Display (NASDAQ:OLED) last announced its earnings results on Wednesday, October 30th. The semiconductor company reported $0.78 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.57 by $0.21. Universal Display had a net margin of 35.10% and a return on equity of 17.81%. The company had revenue of $97.50 million for the quarter, compared to the consensus estimate of $85.88 million. During the same period in the previous year, the business earned $0.48 EPS. The company’s revenue was up 25.6% on a year-over-year basis. Equities research analysts predict that Universal Display Co. will post 3.11 earnings per share for the current fiscal year.
The company also recently announced a quarterly dividend, which will be paid on Tuesday, December 31st. Shareholders of record on Friday, December 13th will be paid a dividend of $0.10 per share. This represents a $0.40 annualized dividend and a yield of 0.20%. The ex-dividend date is Thursday, December 12th. Universal Display’s dividend payout ratio (DPR) is currently 32.26%.
A number of analysts have recently issued reports on the company. Zacks Investment Research raised Universal Display from a “hold” rating to a “strong-buy” rating and set a $212.00 target price on the stock in a research report on Friday, November 1st. ValuEngine lowered Universal Display from a “buy” rating to a “hold” rating in a report on Wednesday, October 2nd. Needham & Company LLC reissued a “hold” rating on shares of Universal Display in a report on Thursday, October 31st. Roth Capital boosted their price objective on Universal Display from $172.00 to $206.00 and gave the company a “neutral” rating in a report on Friday, August 2nd. Finally, Susquehanna Bancshares reissued a “negative” rating on shares of Universal Display in a report on Thursday, September 12th. One analyst has rated the stock with a sell rating, seven have given a hold rating, four have given a buy rating and one has assigned a strong buy rating to the company’s stock. The stock has an average rating of “Hold” and a consensus 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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