Universal Display Co. (NASDAQ:OLED) Shares Bought by Bahl & Gaynor Inc.

Bahl & Gaynor Inc. raised its stake in Universal Display Co. (NASDAQ:OLED) by 0.5% during the first quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 18,645 shares of the semiconductor company’s stock after buying an additional 101 shares during the quarter. Bahl & Gaynor Inc.’s holdings in Universal Display were worth $3,141,000 at the end of the most recent quarter.

A number of other large investors also recently bought and sold shares of the stock. Vanguard Group Inc. lifted its position in Universal Display by 1.1% in the first quarter. Vanguard Group Inc. now owns 4,567,374 shares of the semiconductor company’s stock valued at $769,374,000 after buying an additional 50,233 shares during the last quarter. Jennison Associates LLC lifted its position in shares of Universal Display by 0.4% during the fourth quarter. Jennison Associates LLC now owns 903,068 shares of the semiconductor company’s stock worth $172,721,000 after purchasing an additional 3,397 shares in the last quarter. Norges Bank acquired a new stake in shares of Universal Display during the fourth quarter worth about $101,088,000. First Trust Advisors LP lifted its position in shares of Universal Display by 20.7% during the fourth quarter. First Trust Advisors LP now owns 449,628 shares of the semiconductor company’s stock worth $85,996,000 after purchasing an additional 76,967 shares in the last quarter. Finally, Van ECK Associates Corp lifted its position in shares of Universal Display by 33.5% during the first quarter. Van ECK Associates Corp now owns 360,714 shares of the semiconductor company’s stock worth $60,762,000 after purchasing an additional 90,530 shares in the last quarter. Institutional investors and hedge funds own 78.19% of the company’s stock.

Analyst Ratings Changes

OLED has been the topic of a number of recent research reports. The Goldman Sachs Group upped their target price on shares of Universal Display from $208.00 to $243.00 and gave the stock a “buy” rating in a research note on Thursday, July 18th. Needham & Company LLC upped their target price on shares of Universal Display from $198.00 to $242.00 and gave the stock a “buy” rating in a research note on Tuesday, July 2nd. Finally, Oppenheimer upped their target price on shares of Universal Display from $200.00 to $250.00 and gave the stock an “outperform” rating in a research note on Wednesday, July 3rd. Two investment analysts have rated the stock with a hold rating and six have issued a buy rating to the company. Based on data from MarketBeat.com, the stock has an average rating of “Moderate Buy” and an average target price of $221.57.

Insider Buying and Selling at Universal Display

In related news, EVP Julia J. Brown sold 10,358 shares of Universal Display stock in a transaction that occurred on Wednesday, May 8th. The stock was sold at an average price of $175.00, for a total value of $1,812,650.00. Following the sale, the executive vice president now directly owns 56,624 shares in the company, valued at $9,909,200. The transaction was disclosed in a document filed with the SEC, which can be accessed through this link. In related news, EVP Julia J. Brown sold 10,358 shares of Universal Display stock in a transaction on Wednesday, May 8th. The stock was sold at an average price of $175.00, for a total transaction of $1,812,650.00. Following the completion of the transaction, the executive vice president now directly owns 56,624 shares of the company’s stock, valued at $9,909,200. The sale was disclosed in a legal filing with the SEC, which is accessible through the SEC website. Also, SVP Mauro Premutico sold 8,202 shares of Universal Display stock in a transaction on Tuesday, May 7th. The stock was sold at an average price of $176.82, for a total value of $1,450,277.64. Following the transaction, the senior vice president now directly owns 28,743 shares of the company’s stock, valued at $5,082,337.26. The disclosure for this sale can be found here. Company insiders own 1.90% of the company’s stock.

Universal Display Stock Up 3.2 %

OLED stock traded up $7.29 during trading on Tuesday, hitting $232.21. The company had a trading volume of 368,240 shares, compared to its average volume of 302,401. Universal Display Co. has a 1-year low of $133.67 and a 1-year high of $237.00. The firm has a 50-day moving average price of $199.61 and a 200-day moving average price of $180.35. The firm has a market cap of $11.02 billion, a PE ratio of 48.90, a price-to-earnings-growth ratio of 2.36 and a beta of 1.42.

Universal Display (NASDAQ:OLED) last announced its earnings results on Thursday, May 2nd. The semiconductor company reported $1.19 earnings per share for the quarter, beating the consensus estimate of $1.05 by $0.14. Universal Display had a return on equity of 15.57% and a net margin of 36.00%. The company had revenue of $165.26 million for the quarter, compared to the consensus estimate of $150.75 million. During the same period last year, the business posted $0.83 EPS. The company’s revenue was up 26.7% on a year-over-year basis. Sell-side analysts anticipate that Universal Display Co. will post 4.78 earnings per share for the current year.

Universal Display Announces Dividend

The business also recently announced a quarterly dividend, which was paid on Friday, June 28th. Shareholders of record on Friday, June 14th were paid a $0.40 dividend. The ex-dividend date of this dividend was Friday, June 14th. This represents a $1.60 annualized dividend and a dividend yield of 0.69%. Universal Display’s dividend payout ratio (DPR) is currently 34.78%.

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.