Universal Display Co. (NASDAQ:OLED) Stock Position Increased by State of Alaska Department of Revenue

Share on StockTwits

State of Alaska Department of Revenue boosted its position in Universal Display Co. (NASDAQ:OLED) by 51.6% during the 3rd quarter, HoldingsChannel reports. The firm owned 7,536 shares of the semiconductor company’s stock after buying an additional 2,564 shares during the quarter. State of Alaska Department of Revenue’s holdings in Universal Display were worth $1,265,000 as of its most recent filing with the Securities & Exchange Commission.

Other large investors have also recently modified their holdings of the company. TCI Wealth Advisors Inc. lifted its position in Universal Display by 1,458.3% in the 2nd quarter. TCI Wealth Advisors Inc. now owns 187 shares of the semiconductor company’s stock valued at $35,000 after purchasing an additional 175 shares during the last quarter. Capital Investment Advisory Services LLC lifted its position in Universal Display by 94.0% in the 2nd quarter. Capital Investment Advisory Services LLC now owns 194 shares of the semiconductor company’s stock valued at $40,000 after purchasing an additional 94 shares during the last quarter. HM Payson & Co. bought a new stake in Universal Display in the 2nd quarter valued at about $38,000. Meridian Wealth Management LLC bought a new stake in Universal Display in the 1st quarter valued at about $31,000. Finally, Harvest Fund Management Co. Ltd bought a new stake in shares of Universal Display during the 2nd quarter worth about $41,000. Hedge funds and other institutional investors own 69.00% of the company’s stock.

Shares of OLED opened at $169.35 on Friday. The company’s 50 day moving average price is $187.95 and its 200 day moving average price is $181.36. Universal Display Co. has a 52 week low of $78.78 and a 52 week high of $230.32. The company has a market capitalization of $7.87 billion, a PE ratio of 67.93, a PEG ratio of 2.08 and a beta of 1.47.

Universal Display (NASDAQ:OLED) last announced its quarterly earnings data on Thursday, August 1st. The semiconductor company reported $0.92 EPS for the quarter, beating the Zacks’ consensus estimate of $0.46 by $0.46. Universal Display had a net margin of 33.08% and a return on equity of 16.52%. The firm had revenue of $118.17 million for the quarter, compared to the consensus estimate of $79.26 million. During the same period in the previous year, the firm posted $0.23 earnings per share. The firm’s revenue was up 110.5% on a year-over-year basis. As a group, equities analysts predict that Universal Display Co. will post 2.68 earnings per share for the current year.

The firm also recently announced a quarterly dividend, which was paid on Monday, September 30th. Shareholders of record on Monday, September 16th were given a $0.10 dividend. This represents a $0.40 annualized dividend and a yield of 0.24%. The ex-dividend date was Friday, September 13th. Universal Display’s dividend payout ratio is 32.26%.

A number of analysts recently commented on OLED shares. Susquehanna Bancshares reiterated a “negative” rating on shares of Universal Display in a report on Thursday, September 12th. BidaskClub downgraded shares of Universal Display from a “buy” rating to a “hold” rating in a research report on Thursday, September 19th. Oppenheimer downgraded shares of Universal Display from an “outperform” rating to a “market perform” rating and set a $190.50 price objective on the stock. in a research report on Wednesday, July 10th. They noted that the move was a valuation call. Benchmark set a $175.00 price objective on shares of Universal Display and gave the company a “buy” rating in a research report on Tuesday, September 17th. Finally, Citigroup boosted their price objective on shares of Universal Display from $180.00 to $223.00 and gave the company a “neutral” rating in a research report on Friday, August 2nd. One analyst has rated the stock with a sell rating, nine have issued a hold rating and four have assigned a buy rating to the company’s stock. The company currently has an average rating of “Hold” and an average price target of $187.23.

In other Universal Display news, Director C Keith Hartley sold 185 shares of the business’s stock in a transaction that occurred on Wednesday, October 2nd. The shares were sold at an average price of $159.57, for a total value of $29,520.45. Following the completion of the sale, the director now directly owns 93,669 shares of the company’s stock, valued at $14,946,762.33. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, Director Lawrence Lacerte sold 30,000 shares of the business’s stock in a transaction that occurred on Wednesday, August 7th. The stock was sold at an average price of $205.84, for a total transaction of $6,175,200.00. Following the completion of the sale, the director now directly owns 308,536 shares of the company’s stock, valued at $63,509,050.24. The disclosure for this sale can be found here. Insiders sold 105,685 shares of company stock valued at $22,465,629 over the last three months. Insiders own 3.70% of the company’s stock.

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 flat panel displays and solid-state lighting applications. As of February 21, 2019, it owned or had exclusive and co-exclusive licenses, or had sole license rights with respect to approximately 5,000 issued and pending patents worldwide.

See Also: Earnings Per Share (EPS) Explained

Want to see what other hedge funds are holding OLED? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for Universal Display Co. (NASDAQ:OLED).

Institutional Ownership by Quarter for Universal Display (NASDAQ:OLED)

Receive News & Ratings for Universal Display Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Universal Display and related companies with MarketBeat.com's FREE daily email newsletter.

 


Latest News

Yu Darvish Receives Cortisone Shot for Elbow Impingement
Yu Darvish Receives Cortisone Shot for Elbow Impingement
Red Sox and Brandon Phillips Agree to Minor League Deal
Red Sox and Brandon Phillips Agree to Minor League Deal
Chris Sale Proves He is 2018 AL Cy Young Candidate
Chris Sale Proves He is 2018 AL Cy Young Candidate
Strong Results by Clint Frazier Could Keep Him with Yankees
Strong Results by Clint Frazier Could Keep Him with Yankees
Giants Closer Breaks Hand Punching Door Following Poor Outing
Giants Closer Breaks Hand Punching Door Following Poor Outing
Evan Longoria Out Six to Eight Weeks With Broken Hand
Evan Longoria Out Six to Eight Weeks With Broken Hand


 
© 2006-2019 BBNS.