Wilmington Savings Fund Society FSB Boosts Holdings in Universal Display Co. (NASDAQ:OLED)

Wilmington Savings Fund Society FSB lifted its stake in shares of Universal Display Co. (NASDAQ:OLED) by 2.8% during the 3rd quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The firm owned 4,272 shares of the semiconductor company’s stock after buying an additional 118 shares during the quarter. Wilmington Savings Fund Society FSB’s holdings in Universal Display were worth $897,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

A number of other institutional investors also recently bought and sold shares of the stock. Nisa Investment Advisors LLC grew its holdings in shares of Universal Display by 60.2% during the 3rd quarter. Nisa Investment Advisors LLC now owns 173 shares of the semiconductor company’s stock worth $36,000 after acquiring an additional 65 shares during the period. CIBC Asset Management Inc boosted its position in shares of Universal Display by 7.6% during the second quarter. CIBC Asset Management Inc now owns 1,351 shares of the semiconductor company’s stock valued at $284,000 after purchasing an additional 96 shares in the last quarter. UMB Bank n.a. grew its stake in Universal Display by 42.1% in the third quarter. UMB Bank n.a. now owns 324 shares of the semiconductor company’s stock worth $68,000 after purchasing an additional 96 shares during the period. Glenmede Trust Co. NA raised its holdings in Universal Display by 1.6% in 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 in the last quarter. Finally, Prospera Financial Services Inc raised its holdings in Universal Display by 4.4% in 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 in the last quarter. 78.19% of the stock is owned by institutional investors.

Analyst Ratings Changes

A number of analysts have recently weighed in on the stock. TD Cowen reduced their target price on shares of 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 cut their price objective on shares of Universal Display from $242.00 to $215.00 and set a “buy” rating on the stock in a report on Thursday, October 31st. Finally, Oppenheimer lowered their target price on shares of Universal Display from $240.00 to $220.00 and set an “outperform” rating for the company in a report on Thursday, October 31st. Two equities research analysts have rated the stock with a hold rating and six have issued a buy rating to the company. According to MarketBeat.com, Universal Display has a consensus rating of “Moderate Buy” and a consensus target price of $215.63.

Insider Activity

In other news, Director Lawrence Lacerte acquired 742 shares of the business’s stock in a transaction that occurred on Monday, November 4th. The stock was bought at an average price of $180.89 per share, with a total value of $134,220.38. Following the completion of the acquisition, the director now directly owns 122,372 shares of the company’s stock, valued at approximately $22,135,871.08. The trade was a 0.61 % increase in their position. The purchase was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. 1.90% of the stock is owned by corporate insiders.

Universal Display Stock Up 1.1 %

Shares of OLED opened at $162.80 on Friday. The company has a market capitalization of $7.73 billion, a P/E ratio of 32.69, a price-to-earnings-growth ratio of 1.74 and a beta of 1.39. Universal Display Co. has a twelve month low of $148.75 and a twelve month high of $237.00. The firm has a 50 day moving average of $181.26 and a 200 day moving average of $194.21.

Universal Display (NASDAQ:OLED) last posted its quarterly earnings results on Wednesday, October 30th. The semiconductor company reported $1.40 earnings per share for the quarter, topping the consensus estimate of $1.19 by $0.21. Universal Display had a return on equity of 15.75% and a net margin of 36.98%. The firm had revenue of $161.63 million during the quarter, compared to analysts’ expectations of $165.28 million. During the same quarter in the previous year, the business earned $1.08 earnings per share. The company’s revenue was up 14.6% on a year-over-year basis. On average, sell-side analysts expect that Universal Display Co. will post 4.8 EPS for the current year.

Universal Display Dividend Announcement

The business also recently declared a quarterly dividend, which will be paid on Tuesday, December 31st. Stockholders of record on Tuesday, December 17th will be paid a $0.40 dividend. The ex-dividend date of this dividend is Tuesday, December 17th. This represents a $1.60 dividend on an annualized basis and a dividend yield of 0.98%. Universal Display’s dividend payout ratio is presently 32.13%.

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.