SG Americas Securities LLC Has $573,000 Position in Universal Display Co. (NASDAQ:OLED)

SG Americas Securities LLC reduced its holdings in Universal Display Co. (NASDAQ:OLED) by 64.2% in the 4th quarter, according to the company in its most recent filing with the SEC. The firm owned 3,920 shares of the semiconductor company’s stock after selling 7,022 shares during the quarter. SG Americas Securities LLC’s holdings in Universal Display were worth $573,000 as of its most recent SEC filing.

Several other large investors have also recently modified their holdings of OLED. Creative Planning lifted its holdings in Universal Display by 3.5% during the 2nd quarter. Creative Planning now owns 13,274 shares of the semiconductor company’s stock worth $2,791,000 after buying an additional 445 shares during the period. B. Riley Wealth Advisors Inc. bought a new stake in Universal Display in the second quarter valued at approximately $273,000. Healthcare of Ontario Pension Plan Trust Fund increased its position in Universal Display by 2.2% during the 2nd quarter. Healthcare of Ontario Pension Plan Trust Fund now owns 50,199 shares of the semiconductor company’s stock valued at $10,554,000 after purchasing an additional 1,073 shares during the period. Curbstone Financial Management Corp raised its holdings in Universal Display by 7.7% during the 3rd quarter. Curbstone Financial Management Corp now owns 2,810 shares of the semiconductor company’s stock worth $590,000 after purchasing an additional 200 shares during the last quarter. Finally, Park Avenue Securities LLC lifted its position in shares of Universal Display by 33.1% in the 3rd quarter. Park Avenue Securities LLC now owns 1,437 shares of the semiconductor company’s stock worth $302,000 after purchasing an additional 357 shares during the period. Institutional investors own 78.19% of the company’s stock.

Insider Buying and Selling

In other news, Director Lawrence Lacerte purchased 742 shares of the business’s stock in a transaction that occurred on Monday, November 4th. The shares were acquired at an average cost 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 in the company, valued at $22,135,871.08. This trade represents a 0.61 % increase in their ownership of the stock. The acquisition was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this link. 1.90% of the stock is currently owned by corporate insiders.

Universal Display Trading Down 1.0 %

NASDAQ OLED opened at $149.92 on Friday. The company has a market cap of $7.12 billion, a P/E ratio of 30.10, a PEG ratio of 1.60 and a beta of 1.40. The company has a fifty day simple moving average of $153.36 and a 200 day simple moving average of $181.24. Universal Display Co. has a 12-month low of $142.50 and a 12-month high of $237.00.

Universal Display (NASDAQ:OLED) last issued its quarterly earnings data 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. Universal Display had a net margin of 36.98% and a return on equity of 15.75%. The firm had revenue of $161.63 million during the quarter, compared to analysts’ expectations of $165.28 million. During the same period last year, the company earned $1.08 earnings per share. The business’s revenue was up 14.6% on a year-over-year basis. Sell-side analysts predict that Universal Display Co. will post 4.77 EPS for the current year.

Analysts Set New Price Targets

Several equities research analysts have recently weighed in on the stock. Needham & Company LLC reiterated a “buy” rating and set a $215.00 price objective on shares of Universal Display in a research report on Thursday, January 16th. Oppenheimer decreased 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. Finally, TD Cowen reduced their price target on shares of Universal Display from $250.00 to $225.00 and set a “buy” rating for the company in a report on Thursday, October 31st. One investment analyst has rated the stock with a hold rating and five have assigned a buy rating to the company’s stock. According to MarketBeat.com, the stock presently has a consensus rating of “Moderate Buy” and a consensus price target of $212.50.

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.