Atlantic Trust LLC raised its stake in shares of Universal Display Corporation (NASDAQ:OLED) by 0.7% during the first quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 3,735 shares of the semiconductor company’s stock after buying an additional 25 shares during the period. Atlantic Trust LLC’s holdings in Universal Display Corporation were worth $322,000 at the end of the most recent quarter.
Several other large investors have also made changes to their positions in OLED. FNY Partners Fund LP acquired a new stake in shares of Universal Display Corporation during the first quarter valued at about $146,000. Janus Capital Management LLC acquired a new stake in shares of Universal Display Corporation during the first quarter valued at about $287,000. Driehaus Capital Management LLC acquired a new stake in shares of Universal Display Corporation during the first quarter valued at about $1,140,000. HighTower Advisors LLC raised its stake in shares of Universal Display Corporation by 25.3% in the first quarter. HighTower Advisors LLC now owns 17,599 shares of the semiconductor company’s stock valued at $1,519,000 after buying an additional 3,554 shares in the last quarter. Finally, Point72 Asia Singapore Pte. Ltd. raised its stake in shares of Universal Display Corporation by 6.0% in the first quarter. Point72 Asia Singapore Pte. Ltd. now owns 26,300 shares of the semiconductor company’s stock valued at $2,264,000 after buying an additional 1,500 shares in the last quarter. 70.41% of the stock is owned by hedge funds and other institutional investors.
Shares of Universal Display Corporation (OLED) traded down 0.30% during midday trading on Monday, reaching $117.10. The company had a trading volume of 343,201 shares. The stock has a market capitalization of $5.51 billion, a PE ratio of 97.66 and a beta of 1.16. The company’s 50-day moving average is $114.43 and its 200-day moving average is $82.91. Universal Display Corporation has a 1-year low of $47.88 and a 1-year high of $130.65.
Universal Display Corporation (NASDAQ:OLED) last released its earnings results on Thursday, May 4th. The semiconductor company reported $0.22 earnings per share (EPS) for the quarter. Universal Display Corporation had a return on equity of 10.85% and a net margin of 25.13%. The firm had revenue of $55.60 million during the quarter, compared to analysts’ expectations of $33.53 million. During the same quarter last year, the business posted $0.04 earnings per share. The firm’s revenue was up 87.2% on a year-over-year basis. On average, equities research analysts forecast that Universal Display Corporation will post $1.84 EPS for the current year.
The firm also recently announced a quarterly dividend, which will be paid on Friday, June 30th. Investors of record on Thursday, June 15th will be given a dividend of $0.03 per share. This represents a $0.12 annualized dividend and a dividend yield of 0.10%. The ex-dividend date is Tuesday, June 13th. Universal Display Corporation’s dividend payout ratio is currently 10.00%.
Several brokerages have recently issued reports on OLED. BidaskClub lowered Universal Display Corporation from a “strong-buy” rating to a “buy” rating in a research report on Saturday, June 17th. Zacks Investment Research raised Universal Display Corporation from a “hold” rating to a “strong-buy” rating and set a $134.00 target price for the company in a research report on Wednesday, May 17th. Susquehanna Bancshares Inc raised their target price on Universal Display Corporation from $105.00 to $120.00 and gave the company a “positive” rating in a research report on Monday, May 15th. Gabelli reaffirmed a “buy” rating on shares of Universal Display Corporation in a research report on Monday, May 8th. Finally, Needham & Company LLC reaffirmed a “hold” rating on shares of Universal Display Corporation in a research report on Monday, May 8th. Four investment analysts have rated the stock with a hold rating, six have given a buy rating and one has assigned a strong buy rating to the stock. The company currently has an average rating of “Buy” and an average price target of $101.38.
In related news, Director Leonard Becker sold 3,750 shares of the stock in a transaction dated Wednesday, May 24th. The stock was sold at an average price of $114.24, for a total transaction of $428,400.00. Following the completion of the sale, the director now owns 13,750 shares in the company, valued at $1,570,800. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website. Also, Director C Keith Hartley sold 10,000 shares of the stock in a transaction dated Wednesday, May 10th. The stock was sold at an average price of $114.87, for a total value of $1,148,700.00. Following the sale, the director now owns 70,549 shares of the company’s stock, valued at approximately $8,103,963.63. The disclosure for this sale can be found here. Insiders have sold 77,278 shares of company stock valued at $8,783,289 in the last quarter. 5.70% of the stock is currently owned by company insiders.
About Universal Display Corporation
Universal Display Corporation is engaged in the research, development and commercialization of organic light emitting diode (OLED), technologies and materials for use in display and solid-state lighting applications. The Company also supplies its OLED materials to manufacturers of OLED displays and lighting products for evaluation and for use in product development and for pre-commercial activities, and it also provides technical assistance and support to these manufacturers.
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