Universal Display Co. (NASDAQ:OLED) Shares Purchased by Park Avenue Securities LLC

Park Avenue Securities LLC grew its holdings in shares of Universal Display Co. (NASDAQ:OLED) by 20.0% during the 4th quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The fund owned 1,725 shares of the semiconductor company’s stock after purchasing an additional 288 shares during the quarter. Park Avenue Securities LLC’s holdings in Universal Display were worth $252,000 at the end of the most recent quarter.

A number of other large investors have also modified their holdings of OLED. Nisa Investment Advisors LLC boosted its stake in Universal Display by 60.2% during the third quarter. Nisa Investment Advisors LLC now owns 173 shares of the semiconductor company’s stock worth $36,000 after buying an additional 65 shares during the last quarter. UMB Bank n.a. grew its holdings in shares of Universal Display by 42.1% in the third quarter. UMB Bank n.a. now owns 324 shares of the semiconductor company’s stock valued at $68,000 after purchasing an additional 96 shares during the period. Glenmede Trust Co. NA increased its position in Universal Display by 1.6% during the third quarter. Glenmede Trust Co. NA now owns 6,046 shares of the semiconductor company’s stock worth $1,269,000 after purchasing an additional 97 shares during the last quarter. Prospera Financial Services Inc raised its stake in Universal Display by 4.4% during the third quarter. Prospera Financial Services Inc now owns 2,576 shares of the semiconductor company’s stock worth $542,000 after purchasing an additional 108 shares during the period. Finally, Wilmington Savings Fund Society FSB raised its stake in Universal Display by 2.8% during the third quarter. Wilmington Savings Fund Society FSB now owns 4,272 shares of the semiconductor company’s stock worth $897,000 after purchasing an additional 118 shares during the period. Hedge funds and other institutional investors own 78.19% of the company’s stock.

Universal Display Stock Up 2.0 %

NASDAQ:OLED opened at $150.70 on Friday. The stock has a market capitalization of $7.15 billion, a price-to-earnings ratio of 30.26, a price-to-earnings-growth ratio of 1.62 and a beta of 1.40. Universal Display Co. has a 52 week low of $143.25 and a 52 week high of $237.00. The stock’s fifty day moving average is $155.11 and its two-hundred day moving average is $183.60.

Universal Display (NASDAQ:OLED) last issued its quarterly earnings results on Wednesday, October 30th. The semiconductor company reported $1.40 EPS for the quarter, beating the consensus estimate of $1.19 by $0.21. Universal Display had a net margin of 36.98% and a return on equity of 15.75%. The company had revenue of $161.63 million during the quarter, compared to analysts’ expectations of $165.28 million. During the same quarter last year, the company posted $1.08 EPS. The firm’s revenue was up 14.6% compared to the same quarter last year. On average, sell-side analysts expect that Universal Display Co. will post 4.77 EPS for the current fiscal year.

Universal Display Dividend Announcement

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

Insider Buying and Selling

In other Universal Display news, Director Lawrence Lacerte purchased 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, for a total transaction of $134,220.38. Following the completion of the purchase, the director now directly owns 122,372 shares in the company, valued at approximately $22,135,871.08. This represents a 0.61 % increase in their ownership of the stock. The acquisition was disclosed in a legal filing with the SEC, which can be accessed through this link. 1.90% of the stock is owned by insiders.

Analyst Upgrades and Downgrades

A number of brokerages have recently issued reports on OLED. Oppenheimer cut their price target on shares of Universal Display from $220.00 to $200.00 and set an “outperform” rating for the company in a report on Thursday, January 2nd. TD Cowen decreased their price target on Universal Display from $250.00 to $225.00 and set a “buy” rating on the stock in a research note on Thursday, October 31st. Finally, Needham & Company LLC reissued a “buy” rating and set a $215.00 price objective on shares of Universal Display in a research report on Thursday, January 16th. One research analyst has rated the stock with a hold rating and five have given a buy rating to the company’s stock. According to MarketBeat, the company has an average rating of “Moderate Buy” and a consensus price target of $212.50.

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.