Universal Display Co. (NASDAQ:OLED) Shares Sold by Crossmark Global Holdings Inc.

Crossmark Global Holdings Inc. decreased its holdings in shares of Universal Display Co. (NASDAQ:OLED) by 10.5% in the 4th quarter, according to its most recent Form 13F filing with the SEC. The firm owned 2,953 shares of the semiconductor company’s stock after selling 347 shares during the period. Crossmark Global Holdings Inc.’s holdings in Universal Display were worth $432,000 at the end of the most recent quarter.

Several other large investors have also modified their holdings of OLED. Assetmark Inc. purchased a new position in shares of Universal Display during the 3rd quarter worth approximately $29,000. Brooklyn Investment Group acquired a new stake in Universal Display in the 3rd quarter valued at about $30,000. V Square Quantitative Management LLC acquired a new stake in Universal Display in the 3rd quarter valued at about $31,000. True Wealth Design LLC purchased a new position in Universal Display during the 3rd quarter valued at about $36,000. Finally, Nisa Investment Advisors LLC grew its position in shares of Universal Display by 60.2% in the third quarter. Nisa Investment Advisors LLC now owns 173 shares of the semiconductor company’s stock valued at $36,000 after purchasing an additional 65 shares during the last quarter. Hedge funds and other institutional investors own 78.19% of the company’s stock.

Analyst Upgrades and Downgrades

Several research analysts have weighed in on OLED shares. Needham & Company LLC reiterated a “buy” rating and issued a $215.00 price target on shares of Universal Display in a report on Thursday, January 16th. Oppenheimer dropped their price objective on shares of Universal Display from $220.00 to $200.00 and set an “outperform” rating for the company in a research report on Thursday, January 2nd. Finally, TD Cowen dropped their price objective on shares of Universal Display from $250.00 to $225.00 and set a “buy” rating on the stock in a research note on Thursday, October 31st. One analyst has rated the stock with a hold rating and five have given a buy rating to the stock. According to MarketBeat.com, the stock currently has an average rating of “Moderate Buy” and an average price target of $212.50.

Universal Display Trading Up 2.0 %

OLED stock opened at $150.70 on Monday. Universal Display Co. has a 12-month low of $143.25 and a 12-month high of $237.00. The stock’s 50 day simple moving average is $155.11 and its 200 day simple moving average is $183.33. The firm has a market cap of $7.15 billion, a P/E ratio of 30.26, a P/E/G ratio of 1.62 and a beta of 1.40.

Universal Display (NASDAQ:OLED) last posted its earnings results on Wednesday, October 30th. The semiconductor company reported $1.40 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $1.19 by $0.21. The firm had revenue of $161.63 million during the quarter, compared to analyst estimates of $165.28 million. Universal Display had a net margin of 36.98% and a return on equity of 15.75%. Universal Display’s revenue was up 14.6% on a year-over-year basis. During the same period in the previous year, the business posted $1.08 EPS. On average, research analysts forecast that Universal Display Co. will post 4.77 EPS for the current fiscal year.

Universal Display Dividend Announcement

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

Insider Buying and Selling at Universal Display

In other news, Director Lawrence Lacerte bought 742 shares of the business’s stock in a transaction on Monday, November 4th. The shares were bought at an average cost of $180.89 per share, with a total value of $134,220.38. Following the purchase, the director now directly owns 122,372 shares in the company, valued at $22,135,871.08. This trade represents a 0.61 % increase in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which can be accessed through the SEC website. 1.90% of the stock is owned by corporate insiders.

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.