Coastline Trust Co lifted its holdings in Universal Display Co. (NASDAQ:OLED) by 33.8% in the 3rd quarter, HoldingsChannel reports. The firm owned 5,645 shares of the semiconductor company’s stock after purchasing an additional 1,425 shares during the quarter. Coastline Trust Co’s holdings in Universal Display were worth $665,000 at the end of the most recent reporting period.

Other institutional investors have also made changes to their positions in the company. Essex Investment Management Co. LLC purchased a new position in shares of Universal Display in the 2nd quarter valued at about $319,000. PNC Financial Services Group Inc. increased its stake in shares of Universal Display by 13.9% in the 2nd quarter. PNC Financial Services Group Inc. now owns 4,432 shares of the semiconductor company’s stock valued at $381,000 after purchasing an additional 542 shares in the last quarter. Intl Fcstone Inc. purchased a new position in shares of Universal Display in the 2nd quarter valued at about $309,000. grace capital purchased a new position in shares of Universal Display in the 2nd quarter valued at about $430,000. Finally, Stelliam Investment Management LP increased its stake in shares of Universal Display by 16.0% in the 2nd quarter. Stelliam Investment Management LP now owns 174,000 shares of the semiconductor company’s stock valued at $14,964,000 after purchasing an additional 24,000 shares in the last quarter. Hedge funds and other institutional investors own 72.63% of the company’s stock.

NASDAQ:OLED opened at $115.57 on Friday. Universal Display Co. has a 12 month low of $78.75 and a 12 month high of $209.00. The company has a market cap of $5.55 billion, a price-to-earnings ratio of 47.56 and a beta of 1.81.

Universal Display (NASDAQ:OLED) last posted its quarterly earnings data on Thursday, August 9th. The semiconductor company reported $0.23 EPS for the quarter, topping the Thomson Reuters’ consensus estimate of $0.15 by $0.08. Universal Display had a return on equity of 11.59% and a net margin of 22.76%. The company had revenue of $56.15 million during the quarter, compared to analyst estimates of $49.64 million. During the same period in the previous year, the business earned $0.99 EPS. Universal Display’s quarterly revenue was down 45.2% on a year-over-year basis. As a group, equities analysts anticipate that Universal Display Co. will post 1.83 earnings per share for the current year.

The company also recently disclosed a quarterly dividend, which was paid on Friday, September 28th. Shareholders of record on Saturday, September 15th were paid a dividend of $0.06 per share. The ex-dividend date was Thursday, September 13th. This represents a $0.24 annualized dividend and a yield of 0.21%. Universal Display’s dividend payout ratio (DPR) is currently 9.88%.

Several equities analysts recently weighed in on OLED shares. Needham & Company LLC lifted their price target on Universal Display from $130.00 to $145.00 and gave the company a “buy” rating in a research note on Friday, August 10th. BidaskClub upgraded Universal Display from a “hold” rating to a “buy” rating in a research note on Thursday, August 30th. ValuEngine lowered Universal Display from a “buy” rating to a “hold” rating in a research note on Tuesday, September 4th. Citigroup started coverage on Universal Display in a research note on Tuesday, September 4th. They issued a “buy” rating and a $153.00 price target for the company. Finally, Zacks Investment Research upgraded Universal Display from a “sell” rating to a “hold” rating in a research note on Saturday, August 11th. One research analyst has rated the stock with a sell rating, two have issued a hold rating and twelve have given a buy rating to the stock. The stock has a consensus rating of “Buy” and a consensus price target of $167.58.

In other news, VP Mauro Premutico sold 10,044 shares of the company’s stock in a transaction that occurred on Tuesday, September 4th. The stock was sold at an average price of $123.63, for a total value of $1,241,739.72. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, Director Lawrence Lacerte sold 15,000 shares of the company’s stock in a transaction that occurred on Tuesday, August 14th. The shares were sold at an average price of $119.51, for a total value of $1,792,650.00. Following the completion of the sale, the director now owns 348,950 shares of the company’s stock, valued at $41,703,014.50. The disclosure for this sale can be found here. 4.00% of the stock is currently owned by insiders.

Universal Display 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 22, 2018, it owned or had exclusive and co-exclusive licenses, or had sole license rights with respect to approximately 4,500 issued and pending patents worldwide.

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

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