B. Metzler seel. Sohn & Co. Holding AG Takes Position in Universal Display Co. (NASDAQ:OLED)

B. Metzler seel. Sohn & Co. Holding AG acquired a new position in shares of Universal Display Co. (NASDAQ:OLED) in the third quarter, Holdings Channel reports. The institutional investor acquired 1,999 shares of the semiconductor company’s stock, valued at approximately $420,000.

Other institutional investors have also made changes to their positions in the company. Assetmark Inc. acquired a new stake in shares of Universal Display in the third quarter valued at $29,000. V Square Quantitative Management LLC acquired a new stake in Universal Display in the 3rd quarter valued at about $31,000. Nisa Investment Advisors LLC boosted its stake in shares of Universal Display by 60.2% in the 3rd quarter. Nisa Investment Advisors LLC now owns 173 shares of the semiconductor company’s stock valued at $36,000 after buying an additional 65 shares during the period. Itau Unibanco Holding S.A. acquired a new position in shares of Universal Display during the second quarter worth about $44,000. Finally, Tortoise Investment Management LLC purchased a new stake in shares of Universal Display during the second quarter worth approximately $47,000. 78.19% of the stock is currently owned by institutional investors and hedge funds.

Universal Display Stock Performance

NASDAQ OLED opened at $168.41 on Monday. Universal Display Co. has a one year low of $148.75 and a one year high of $237.00. The firm has a market cap of $7.99 billion, a PE ratio of 33.82, a P/E/G ratio of 1.80 and a beta of 1.43. The firm’s fifty day moving average is $195.31 and its two-hundred day moving average is $195.78.

Universal Display (NASDAQ:OLED) last released 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. Universal Display had a return on equity of 15.75% and a net margin of 36.98%. The business had revenue of $161.63 million for the quarter, compared to analyst estimates of $165.28 million. During the same quarter in the previous year, the company posted $1.08 earnings per share. The company’s revenue for the quarter was up 14.6% compared to the same quarter last year. Research analysts predict that Universal Display Co. will post 4.8 earnings per share for the current year.

Universal Display Announces Dividend

The company also recently declared a quarterly dividend, which will be paid on Tuesday, December 31st. Investors of record on Tuesday, December 17th will be issued a dividend of $0.40 per share. The ex-dividend date is Tuesday, December 17th. This represents a $1.60 annualized dividend and a yield of 0.95%. Universal Display’s dividend payout ratio is currently 32.13%.

Insider Buying and Selling at Universal Display

In other Universal Display news, Director Lawrence Lacerte purchased 742 shares of the firm’s stock in a transaction that occurred on Monday, November 4th. The shares were purchased 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 $22,135,871.08. This represents a 0.61 % increase in their ownership of the stock. The acquisition was disclosed in a document filed with the Securities & Exchange Commission, which is available through this hyperlink. 1.90% of the stock is owned by corporate insiders.

Analysts Set New Price Targets

Several research analysts have commented on OLED shares. Susquehanna boosted their price target on shares of Universal Display from $170.00 to $175.00 and gave the stock a “neutral” rating in a report on Friday, August 2nd. Oppenheimer decreased their price target on Universal Display from $240.00 to $220.00 and set an “outperform” rating for the company in a report on Thursday, October 31st. TD Cowen cut their target price on Universal Display from $250.00 to $225.00 and set a “buy” rating on the stock in a research report on Thursday, October 31st. Needham & Company LLC lowered their price target on Universal Display from $242.00 to $215.00 and set a “buy” rating for the company in a report on Thursday, October 31st. Finally, Roth Mkm raised their price objective on shares of Universal Display from $189.00 to $217.00 and gave the stock a “buy” rating in a report on Friday, August 2nd. Two analysts have rated the stock with a hold rating and six have issued a buy rating to the company’s stock. Based on data from MarketBeat.com, the stock presently has an average rating of “Moderate Buy” and an average price target of $215.63.

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.