Oppenheimer & Co. Inc. raised its position in shares of Universal Display Corp. (NASDAQ:OLED) by 2.4% during the third quarter, Holdings Channel reports. The firm owned 60,666 shares of the company’s stock after buying an additional 1,424 shares during the period. Oppenheimer & Co. Inc.’s holdings in Universal Display Corp. were worth $3,367,000 as of its most recent SEC filing.

Several other hedge funds and other institutional investors have also made changes to their positions in the stock. Tower Research Capital LLC TRC purchased a new position in Universal Display Corp. during the second quarter valued at approximately $104,000. Kelly Lawrence W & Associates Inc. CA bought a new stake in shares of Universal Display Corp. during the second quarter valued at $108,000. BNP Paribas Arbitrage SA increased its stake in shares of Universal Display Corp. by 5,356.7% in the second quarter. BNP Paribas Arbitrage SA now owns 1,637 shares of the company’s stock valued at $111,000 after buying an additional 1,607 shares in the last quarter. Societe Generale bought a new stake in shares of Universal Display Corp. during the second quarter valued at $117,000. Finally, Thompson Davis & CO. Inc. increased its stake in shares of Universal Display Corp. by 1,000.0% in the second quarter. Thompson Davis & CO. Inc. now owns 2,750 shares of the company’s stock valued at $186,000 after buying an additional 2,500 shares in the last quarter. Hedge funds and other institutional investors own 67.06% of the company’s stock.

Institutional Ownership by Quarter for Universal Display Corp. (NASDAQ:OLED)

Shares of Universal Display Corp. (NASDAQ:OLED) traded up 1.67% during trading on Wednesday, reaching $54.65. 603,076 shares of the company’s stock were exchanged. Universal Display Corp. has a 52 week low of $40.44 and a 52 week high of $74.39. The company’s 50-day moving average is $53.72 and its 200 day moving average is $61.02. The stock has a market capitalization of $2.57 billion, a PE ratio of 65.61 and a beta of 1.35.

Universal Display Corp. (NASDAQ:OLED) last released its quarterly earnings results on Thursday, November 3rd. The company reported ($0.03) earnings per share for the quarter, topping analysts’ consensus estimates of ($0.04) by $0.01. Universal Display Corp. had a net margin of 21.61% and a return on equity of 8.37%. The business earned $30.20 million during the quarter, compared to the consensus estimate of $32.95 million. During the same quarter last year, the company earned $0.15 earnings per share. The business’s quarterly revenue was down 23.4% compared to the same quarter last year. On average, analysts forecast that Universal Display Corp. will post $0.89 earnings per share for the current year.

COPYRIGHT VIOLATION NOTICE: This story was first posted by Daily Political and is the sole property of of Daily Political. If you are accessing this story on another publication, it was stolen and reposted in violation of U.S. and international copyright & trademark law. The original version of this story can be accessed at http://www.dailypolitical.com/2016/11/30/oppenheimer-co-inc-acquires-1424-shares-of-universal-display-corp-oled.html.

Several analysts have recently weighed in on the stock. Canaccord Genuity reduced their price objective on shares of Universal Display Corp. from $51.00 to $49.00 and set a “hold” rating for the company in a research report on Monday, November 7th. Zacks Investment Research downgraded shares of Universal Display Corp. from a “hold” rating to a “strong sell” rating in a research report on Wednesday, October 19th. Needham & Company LLC downgraded shares of Universal Display Corp. from a “buy” rating to a “hold” rating in a research report on Friday, August 5th. Oppenheimer Holdings Inc. restated a “market perform” rating on shares of Universal Display Corp. in a research report on Monday, November 7th. Finally, TheStreet upgraded shares of Universal Display Corp. from a “hold” rating to a “buy” rating in a research report on Wednesday, August 10th. One research analyst has rated the stock with a sell rating, five have issued a hold rating and three have assigned a buy rating to the company. The company presently has an average rating of “Hold” and an average price target of $67.40.

In other news, Director Leonard Becker sold 5,000 shares of the firm’s stock in a transaction that occurred on Monday, September 19th. The shares were sold at an average price of $61.11, for a total transaction of $305,550.00. Following the completion of the sale, the director now owns 19,650 shares of the company’s stock, valued at $1,200,811.50. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this link. Also, VP Janice K. Mahon sold 10,584 shares of the firm’s stock in a transaction that occurred on Friday, November 11th. The stock was sold at an average price of $60.05, for a total transaction of $635,569.20. The disclosure for this sale can be found here. Insiders own 5.70% of the company’s stock.

About Universal Display Corp.

Universal Display Corporation is engaged in the research, development and commercialization of organic light emitting diode (OLED), technologies and materials for use in displays for wearables, smartphones, tablets and televisions, as well as solid-state lighting applications. The Company’s flat panel displays are used for various portable consumer electronics products, such as mobile phones, wearables, portable media devices, digital cameras, tablets and notebook computers.

5 Day Chart for NASDAQ:OLED

Want to see what other hedge funds are holding OLED? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for Universal Display Corp. (NASDAQ:OLED).

Receive News & Ratings for Universal Display Corp. Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Universal Display Corp. and related companies with MarketBeat.com's FREE daily email newsletter.