1,719 Shares in Universal Display Co. (NASDAQ:OLED) Purchased by Thrive Wealth Management LLC

Thrive Wealth Management LLC bought a new position in shares of Universal Display Co. (NASDAQ:OLED) during the 3rd quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The institutional investor bought 1,719 shares of the semiconductor company’s stock, valued at approximately $361,000.

Other institutional investors and hedge funds have also bought and sold shares of the company. SageView Advisory Group LLC bought a new stake in Universal Display during the first quarter worth about $1,179,000. Montag A & Associates Inc. raised its holdings in Universal Display by 28.9% during the first quarter. Montag A & Associates Inc. now owns 11,848 shares of the semiconductor company’s stock worth $1,996,000 after acquiring an additional 2,655 shares in the last quarter. Tidal Investments LLC raised its holdings in Universal Display by 172.0% during the first quarter. Tidal Investments LLC now owns 6,246 shares of the semiconductor company’s stock worth $1,052,000 after acquiring an additional 3,950 shares in the last quarter. Point72 Hong Kong Ltd bought a new stake in Universal Display during the fourth quarter worth about $10,934,000. Finally, Meeder Asset Management Inc. bought a new stake in Universal Display during the first quarter worth about $1,001,000. Institutional investors own 78.19% of the company’s stock.

Universal Display Stock Performance

Shares of OLED stock traded up $3.59 during trading on Friday, hitting $211.71. The company had a trading volume of 417,202 shares, compared to its average volume of 361,696. The firm has a market capitalization of $10.05 billion, a P/E ratio of 46.02, a price-to-earnings-growth ratio of 2.22 and a beta of 1.42. The stock’s 50-day moving average price is $195.45 and its 200 day moving average price is $188.23. Universal Display Co. has a one year low of $133.67 and a one year high of $237.00.

Universal Display (NASDAQ:OLED) last released its earnings results on Thursday, August 1st. The semiconductor company reported $1.10 earnings per share for the quarter, missing the consensus estimate of $1.14 by ($0.04). Universal Display had a return on equity of 15.25% and a net margin of 35.74%. The business had revenue of $158.50 million for the quarter, compared to the consensus estimate of $159.46 million. During the same quarter in the previous year, the company earned $1.04 earnings per share. The firm’s revenue for the quarter was up 8.1% on a year-over-year basis. On average, research analysts anticipate that Universal Display Co. will post 4.81 earnings per share for the current fiscal year.

Universal Display Dividend Announcement

The firm also recently announced a quarterly dividend, which was paid on Monday, September 30th. Shareholders of record on Monday, September 16th were paid a dividend of $0.40 per share. This represents a $1.60 annualized dividend and a yield of 0.76%. The ex-dividend date was Monday, September 16th. Universal Display’s payout ratio is presently 34.78%.

Analyst Upgrades and Downgrades

A number of brokerages have weighed in on OLED. TD Cowen boosted their price target on Universal Display from $210.00 to $250.00 and gave the stock a “buy” rating in a research report on Friday, August 2nd. Roth Mkm boosted their price target on Universal Display from $189.00 to $217.00 and gave the stock a “buy” rating in a research report on Friday, August 2nd. Needham & Company LLC upped their target price on Universal Display from $198.00 to $242.00 and gave the company a “buy” rating in a research report on Tuesday, July 2nd. Oppenheimer upped their target price on Universal Display from $200.00 to $250.00 and gave the company an “outperform” rating in a research report on Wednesday, July 3rd. Finally, Susquehanna upped their target price on Universal Display from $170.00 to $175.00 and gave the company a “neutral” rating in a research report on Friday, August 2nd. Three analysts have rated the stock with a hold rating and six have issued a buy rating to the company. According to data from MarketBeat.com, the stock presently has an average rating of “Moderate Buy” and an average target price of $225.88.

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 display and solid-state lighting applications in the United States and internationally. The company offers PHOLED technologies and materials for displays and lighting products under the UniversalPHOLED brand.