Creative Planning Boosts Stake in Universal Display Co. (NASDAQ:OLED)

Creative Planning increased its holdings in shares of Universal Display Co. (NASDAQ:OLED) by 3.5% during the second quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor owned 13,274 shares of the semiconductor company’s stock after purchasing an additional 445 shares during the quarter. Creative Planning’s holdings in Universal Display were worth $2,791,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other large investors also recently bought and sold shares of OLED. Allianz Asset Management GmbH boosted its holdings in shares of Universal Display by 99.6% during the 4th quarter. Allianz Asset Management GmbH now owns 9,657 shares of the semiconductor company’s stock valued at $1,847,000 after acquiring an additional 4,818 shares during the last quarter. KBC Group NV grew its position in Universal Display by 131.9% in the 4th quarter. KBC Group NV now owns 4,838 shares of the semiconductor company’s stock worth $925,000 after purchasing an additional 2,752 shares during the period. Prudential PLC bought a new stake in Universal Display in the 4th quarter worth approximately $341,000. Point72 Hong Kong Ltd purchased a new stake in Universal Display during the 4th quarter valued at $10,934,000. Finally, Clear Street Markets LLC bought a new position in shares of Universal Display during the 4th quarter valued at $129,000. 78.19% of the stock is currently owned by institutional investors.

Universal Display Price Performance

Shares of OLED stock opened at $211.71 on Friday. Universal Display Co. has a one year low of $133.67 and a one year high of $237.00. The company’s fifty day moving average price is $195.11 and its 200-day moving average price is $188.60. The company has a market capitalization of $10.04 billion, a price-to-earnings ratio of 46.02, a PEG ratio of 2.22 and a beta of 1.42.

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

Universal Display Dividend Announcement

The business also recently disclosed a quarterly dividend, which was paid on Monday, September 30th. Shareholders of record on Monday, September 16th were issued a dividend of $0.40 per share. This represents a $1.60 dividend on an annualized basis and a yield of 0.76%. The ex-dividend date was Monday, September 16th. Universal Display’s dividend payout ratio (DPR) is currently 34.78%.

Analyst Upgrades and Downgrades

Several analysts recently commented on OLED shares. Roth Mkm lifted their price objective on Universal Display from $189.00 to $217.00 and gave the stock a “buy” rating in a report on Friday, August 2nd. Needham & Company LLC increased their price objective on shares of Universal Display from $198.00 to $242.00 and gave the stock a “buy” rating in a research note on Tuesday, July 2nd. TD Cowen boosted their target price on shares of Universal Display from $210.00 to $250.00 and gave the company a “buy” rating in a research report on Friday, August 2nd. Susquehanna increased their price target on shares of Universal Display from $170.00 to $175.00 and gave the stock a “neutral” rating in a research report on Friday, August 2nd. Finally, The Goldman Sachs Group boosted their price objective on shares of Universal Display from $208.00 to $243.00 and gave the company a “buy” rating in a research report on Thursday, July 18th. Two research analysts have rated the stock with a hold rating and six have issued a buy rating to the stock. According to data from MarketBeat, Universal Display presently has a consensus rating of “Moderate Buy” and a consensus price target of $225.88.

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.