Universal Display Co. (NASDAQ:OLED) Shares Purchased by Cerity Partners LLC

Cerity Partners LLC raised its position in Universal Display Co. (NASDAQ:OLED) by 385.2% during the third quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm owned 8,588 shares of the semiconductor company’s stock after purchasing an additional 6,818 shares during the quarter. Cerity Partners LLC’s holdings in Universal Display were worth $1,803,000 as of its most recent SEC filing.

Several other hedge funds have also recently bought and sold shares of OLED. Citigroup Inc. lifted its holdings in shares of Universal Display by 1,387.6% during the third quarter. Citigroup Inc. now owns 261,723 shares of the semiconductor company’s stock worth $54,936,000 after purchasing an additional 244,129 shares during the period. Raymond James Trust N.A. acquired a new position in shares of Universal Display in the 3rd quarter valued at about $207,000. Charles Schwab Investment Management Inc. raised its position in Universal Display by 3.1% in the third quarter. Charles Schwab Investment Management Inc. now owns 333,872 shares of the semiconductor company’s stock valued at $70,080,000 after purchasing an additional 10,046 shares during the period. Advisors Asset Management Inc. lifted its position in shares of Universal Display by 164.3% during the third quarter. Advisors Asset Management Inc. now owns 999 shares of the semiconductor company’s stock worth $210,000 after purchasing an additional 621 shares in the last quarter. Finally, Segall Bryant & Hamill LLC boosted its stake in shares of Universal Display by 21.1% in the third quarter. Segall Bryant & Hamill LLC now owns 109,030 shares of the semiconductor company’s stock valued at $22,885,000 after purchasing an additional 19,002 shares during the period. Institutional investors and hedge funds own 78.19% of the company’s stock.

Insider Activity at Universal Display

In related news, Director Lawrence Lacerte purchased 742 shares of the stock in a transaction that occurred on Monday, November 4th. The shares were bought at an average price of $180.89 per share, with a total value of $134,220.38. Following the acquisition, the director now owns 122,372 shares of the company’s stock, valued at $22,135,871.08. This trade represents a 0.61 % increase in their position. The purchase was disclosed in a filing with the SEC, which is accessible through this hyperlink. 1.90% of the stock is currently owned by corporate insiders.

Universal Display Stock Up 0.7 %

Shares of NASDAQ OLED opened at $165.61 on Tuesday. Universal Display Co. has a twelve month low of $148.75 and a twelve month high of $237.00. The company has a market cap of $7.86 billion, a PE ratio of 33.26, a price-to-earnings-growth ratio of 1.76 and a beta of 1.43. The business’s 50 day moving average price is $190.97 and its two-hundred day moving average price is $195.43.

Universal Display (NASDAQ:OLED) last posted its earnings results on Wednesday, October 30th. The semiconductor company reported $1.40 earnings per share for the quarter, topping analysts’ consensus estimates of $1.19 by $0.21. Universal Display had a return on equity of 15.75% and a net margin of 36.98%. The company had revenue of $161.63 million during the quarter, compared to the consensus estimate of $165.28 million. During the same quarter last year, the firm earned $1.08 earnings per share. The company’s revenue was up 14.6% on a year-over-year basis. As a group, research analysts anticipate that Universal Display Co. will post 4.8 EPS for the current fiscal year.

Universal Display Dividend Announcement

The business also recently disclosed a quarterly dividend, which will be paid on Tuesday, December 31st. Stockholders of record on Tuesday, December 17th will be given a dividend of $0.40 per share. The ex-dividend date is Tuesday, December 17th. This represents a $1.60 dividend on an annualized basis and a dividend yield of 0.97%. Universal Display’s dividend payout ratio (DPR) is presently 32.13%.

Analyst Upgrades and Downgrades

Several equities analysts have recently commented on the stock. Oppenheimer reduced their price target on shares of Universal Display from $240.00 to $220.00 and set an “outperform” rating on the stock in a research report on Thursday, October 31st. Needham & Company LLC reduced their price objective on Universal Display from $242.00 to $215.00 and set a “buy” rating on the stock in a research note on Thursday, October 31st. Finally, TD Cowen lowered their target price on shares of Universal Display from $250.00 to $225.00 and set a “buy” rating for the company in a research note on Thursday, October 31st. Two equities research analysts have rated the stock with a hold rating and six have assigned a buy rating to the company’s stock. Based on data from MarketBeat, the stock currently has a consensus rating of “Moderate Buy” and an average price target of $215.63.

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 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.