Universal Display Corporation (OLED) Shares Bought by Aperio Group LLC
Aperio Group LLC raised its holdings in Universal Display Corporation (NASDAQ:OLED) by 7.2% during the third quarter, according to its most recent filing with the Securities & Exchange Commission. The fund owned 10,380 shares of the semiconductor company’s stock after buying an additional 695 shares during the quarter. Aperio Group LLC’s holdings in Universal Display Corporation were worth $1,337,000 at the end of the most recent quarter.
A number of other institutional investors and hedge funds have also added to or reduced their stakes in the business. First Trust Advisors LP grew its holdings in Universal Display Corporation by 118.9% in the 3rd quarter. First Trust Advisors LP now owns 170,358 shares of the semiconductor company’s stock valued at $21,951,000 after buying an additional 92,546 shares during the last quarter. Oliver Luxxe Assets LLC bought a new stake in shares of Universal Display Corporation in the 3rd quarter worth approximately $222,000. Nationwide Fund Advisors lifted its position in shares of Universal Display Corporation by 1.8% in the 3rd quarter. Nationwide Fund Advisors now owns 129,128 shares of the semiconductor company’s stock worth $16,638,000 after acquiring an additional 2,256 shares during the period. Whittier Trust Co. bought a new stake in shares of Universal Display Corporation in the 3rd quarter worth approximately $1,208,000. Finally, Griffin Asset Management Inc. bought a new stake in shares of Universal Display Corporation in the 2nd quarter worth approximately $546,000. 64.20% of the stock is currently owned by hedge funds and other institutional investors.
Universal Display Corporation (OLED) opened at $181.00 on Friday. The company has a market capitalization of $8,510.00, a P/E ratio of 86.99 and a beta of 1.03. Universal Display Corporation has a 52-week low of $52.10 and a 52-week high of $182.65.
Universal Display Corporation (NASDAQ:OLED) last posted its earnings results on Thursday, November 2nd. The semiconductor company reported $0.28 EPS for the quarter, topping the Thomson Reuters’ consensus estimate of $0.09 by $0.19. The business had revenue of $61.70 million during the quarter, compared to the consensus estimate of $47.35 million. Universal Display Corporation had a return on equity of 16.67% and a net margin of 32.92%. Universal Display Corporation’s revenue was up 104.3% on a year-over-year basis. During the same quarter last year, the company earned ($0.03) EPS. equities analysts forecast that Universal Display Corporation will post 2.33 earnings per share for the current year.
The business also recently announced a quarterly dividend, which will be paid on Friday, December 29th. Investors of record on Friday, December 15th will be given a dividend of $0.03 per share. The ex-dividend date of this dividend is Thursday, December 14th. This represents a $0.12 annualized dividend and a dividend yield of 0.07%. Universal Display Corporation’s dividend payout ratio (DPR) is presently 5.74%.
In related news, CFO Sidney D. Rosenblatt sold 50,240 shares of the firm’s stock in a transaction that occurred on Monday, September 18th. The stock was sold at an average price of $135.02, for a total transaction of $6,783,404.80. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, Director Rosemarie B. Greco sold 1,250 shares of the firm’s stock in a transaction that occurred on Thursday, November 9th. The stock was sold at an average price of $168.63, for a total value of $210,787.50. Following the transaction, the director now owns 12,800 shares of the company’s stock, valued at approximately $2,158,464. The disclosure for this sale can be found here. Insiders have sold a total of 196,974 shares of company stock valued at $30,133,174 in the last 90 days. 5.20% of the stock is owned by corporate insiders.
A number of analysts have commented on OLED shares. Goldman Sachs Group, Inc. (The) reiterated a “buy” rating and issued a $161.00 price objective (up previously from $150.00) on shares of Universal Display Corporation in a research report on Monday, September 18th. Cowen and Company reiterated a “buy” rating and issued a $140.00 price objective on shares of Universal Display Corporation in a research report on Friday, September 8th. Deutsche Bank AG started coverage on Universal Display Corporation in a research report on Wednesday, August 30th. They issued a “buy” rating and a $135.00 price objective for the company. Zacks Investment Research upgraded Universal Display Corporation from a “hold” rating to a “buy” rating and set a $198.00 price objective for the company in a research report on Wednesday. Finally, BidaskClub upgraded Universal Display Corporation from a “sell” rating to a “hold” rating in a research report on Friday, August 25th. Eight analysts have rated the stock with a hold rating and six have given a buy rating to the company. The stock has an average rating of “Hold” and an average price target of $143.11.
About Universal Display Corporation
Universal Display Corporation is engaged in the research, development and commercialization of organic light emitting diode (OLED), technologies and materials for use in display and solid-state lighting applications. The Company also supplies its OLED materials to manufacturers of OLED displays and lighting products for evaluation and for use in product development and for pre-commercial activities, and it also provides technical assistance and support to these manufacturers.
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