UMB Bank n.a. Has $32,000 Stake in Universal Display Co. (NASDAQ:OLED)

UMB Bank n.a. lowered its position in Universal Display Co. (NASDAQ:OLED) by 31.8% during the fourth quarter, according to its most recent Form 13F filing with the SEC. The fund owned 221 shares of the semiconductor company’s stock after selling 103 shares during the period. UMB Bank n.a.’s holdings in Universal Display were worth $32,000 at the end of the most recent reporting period.

Several other large investors also recently added to or reduced their stakes in OLED. American Century Companies Inc. grew its holdings in Universal Display by 3.9% in the 2nd quarter. American Century Companies Inc. now owns 11,365 shares of the semiconductor company’s stock valued at $2,389,000 after buying an additional 426 shares during the last quarter. Cubist Systematic Strategies LLC lifted its stake in shares of Universal Display by 1,123.4% in the second quarter. Cubist Systematic Strategies LLC now owns 21,531 shares of the semiconductor company’s stock valued at $4,527,000 after buying an additional 19,771 shares during the period. AQR Capital Management LLC grew its position in Universal Display by 190.8% during the second quarter. AQR Capital Management LLC now owns 62,723 shares of the semiconductor company’s stock worth $13,178,000 after buying an additional 41,154 shares in the last quarter. Algert Global LLC raised its holdings in Universal Display by 118.9% in the 2nd quarter. Algert Global LLC now owns 44,735 shares of the semiconductor company’s stock valued at $9,406,000 after acquiring an additional 24,295 shares in the last quarter. Finally, Creative Planning lifted its position in shares of Universal Display by 3.5% in the 2nd quarter. Creative Planning now owns 13,274 shares of the semiconductor company’s stock worth $2,791,000 after acquiring an additional 445 shares during the period. 78.19% of the stock is owned by institutional investors.

Wall Street Analyst Weigh In

A number of research analysts recently commented on OLED shares. Oppenheimer cut their target price on Universal Display from $220.00 to $200.00 and set an “outperform” rating for the company in a research note on Thursday, January 2nd. TD Cowen cut 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. Finally, Needham & Company LLC reiterated a “buy” rating and issued a $215.00 price objective on shares of Universal Display in a research report on Thursday, January 16th. One analyst has rated the stock with a hold rating and five have issued a buy rating to the company. According to MarketBeat, the company presently has an average rating of “Moderate Buy” and a consensus price target of $212.50.

Universal Display Trading Up 2.0 %

Universal Display stock opened at $150.70 on Friday. The firm has a market capitalization of $7.15 billion, a P/E ratio of 30.26, a PEG ratio of 1.62 and a beta of 1.40. The business has a 50-day moving average of $155.11 and a 200-day moving average of $183.60. Universal Display Co. has a 1 year low of $143.25 and a 1 year high of $237.00.

Universal Display (NASDAQ:OLED) last released its quarterly earnings data on Wednesday, October 30th. The semiconductor company reported $1.40 EPS for the quarter, beating analysts’ consensus estimates of $1.19 by $0.21. Universal Display had a net margin of 36.98% and a return on equity of 15.75%. The business had revenue of $161.63 million during the quarter, compared to analysts’ expectations of $165.28 million. During the same quarter in the prior year, the company earned $1.08 EPS. The firm’s quarterly revenue was up 14.6% on a year-over-year basis. Research analysts anticipate that Universal Display Co. will post 4.77 EPS for the current fiscal year.

Universal Display Dividend Announcement

The company also recently disclosed a quarterly dividend, which was paid on Tuesday, December 31st. Investors of record on Tuesday, December 17th were issued a dividend of $0.40 per share. The ex-dividend date was Tuesday, December 17th. This represents a $1.60 dividend on an annualized basis and a dividend yield of 1.06%. Universal Display’s payout ratio is presently 32.13%.

Insider Activity at Universal Display

In related news, Director Lawrence Lacerte bought 742 shares of the company’s stock in a transaction that occurred on Monday, November 4th. The shares were acquired at an average price of $180.89 per share, for a total transaction of $134,220.38. Following the completion of the acquisition, the director now owns 122,372 shares of the company’s stock, valued at approximately $22,135,871.08. The trade was a 0.61 % increase in their position. The transaction was disclosed in a filing with the SEC, which can be accessed through the SEC website. 1.90% of the stock is owned by insiders.

About Universal Display

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.