984 Shares in Universal Display Co. (NASDAQ:OLED) Bought by Raymond James Trust N.A.

Raymond James Trust N.A. bought a new stake in Universal Display Co. (NASDAQ:OLED) during the 3rd quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor bought 984 shares of the semiconductor company’s stock, valued at approximately $207,000.

Other hedge funds have also made changes to their positions in the company. Tidal Investments LLC increased its holdings in Universal Display by 172.0% during the 1st quarter. Tidal Investments LLC now owns 6,246 shares of the semiconductor company’s stock valued at $1,052,000 after acquiring an additional 3,950 shares in the last quarter. Harbor Capital Advisors Inc. raised its position in shares of Universal Display by 375.1% during the 2nd quarter. Harbor Capital Advisors Inc. now owns 10,043 shares of the semiconductor company’s stock worth $2,112,000 after purchasing an additional 7,929 shares during the last quarter. Montanaro Asset Management Ltd grew its holdings in Universal Display by 217.4% during the 3rd quarter. Montanaro Asset Management Ltd now owns 63,260 shares of the semiconductor company’s stock valued at $13,278,000 after buying an additional 43,330 shares during the last quarter. Jacobs Levy Equity Management Inc. purchased a new position in Universal Display during the first quarter worth $620,000. Finally, ProShare Advisors LLC raised its holdings in shares of Universal Display by 117.2% in the second quarter. ProShare Advisors LLC now owns 18,762 shares of the semiconductor company’s stock worth $3,945,000 after acquiring an additional 10,122 shares during the last quarter. Hedge funds and other institutional investors own 78.19% of the company’s stock.

Universal Display Stock Down 0.4 %

Shares of NASDAQ OLED opened at $161.17 on Friday. The stock has a market capitalization of $7.65 billion, a PE ratio of 32.36, a P/E/G ratio of 1.81 and a beta of 1.43. The firm has a fifty day moving average of $192.90 and a 200-day moving average of $195.44. Universal Display Co. has a 52-week low of $148.75 and a 52-week high of $237.00.

Universal Display (NASDAQ:OLED) last posted its quarterly 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 the consensus estimate of $165.28 million. Universal Display had a return on equity of 15.75% and a net margin of 36.98%. The firm’s quarterly revenue was up 14.6% compared to the same quarter last year. During the same quarter in the previous year, the business earned $1.08 earnings per share. Equities research analysts expect that Universal Display Co. will post 4.8 EPS for the current fiscal year.

Universal Display Dividend Announcement

The firm also recently declared a quarterly dividend, which will be paid on Tuesday, December 31st. Shareholders of record on Tuesday, December 17th will be given a dividend of $0.40 per share. The ex-dividend date of this dividend is Tuesday, December 17th. This represents a $1.60 dividend on an annualized basis and a yield of 0.99%. Universal Display’s dividend payout ratio (DPR) is 32.13%.

Insiders Place Their Bets

In other Universal Display news, Director Lawrence Lacerte bought 742 shares of Universal Display stock in a transaction that occurred on Monday, November 4th. The shares were acquired at an average price of $180.89 per share, for a total transaction of $134,220.38. Following the acquisition, the director now owns 122,372 shares of the company’s stock, valued at $22,135,871.08. The trade was a 0.61 % increase in their position. The acquisition was disclosed in a filing with the SEC, which can be accessed through this link. 1.90% of the stock is owned by insiders.

Wall Street Analyst Weigh In

OLED has been the subject of a number of recent research reports. Roth Mkm lifted their price objective on Universal Display from $189.00 to $217.00 and gave the stock a “buy” rating in a research report on Friday, August 2nd. Susquehanna boosted their price objective on shares of Universal Display from $170.00 to $175.00 and gave the company a “neutral” rating in a research report on Friday, August 2nd. Oppenheimer reduced their price objective on shares of Universal Display from $240.00 to $220.00 and set an “outperform” rating on the stock in a research note on Thursday, October 31st. TD Cowen cut their price target on Universal Display from $250.00 to $225.00 and set a “buy” rating for the company in a report on Thursday, October 31st. Finally, Needham & Company LLC decreased their price objective on Universal Display from $242.00 to $215.00 and set a “buy” rating on the stock in a report on Thursday, October 31st. Two investment analysts have rated the stock with a hold rating and six have assigned a buy rating to the company. According to data from MarketBeat, the company has an average rating of “Moderate Buy” and a consensus price target of $215.63.

Universal Display 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.