160,326 Shares in Universal Display Corporation $OLED Purchased by Man Group plc

Man Group plc purchased a new stake in shares of Universal Display Corporation (NASDAQ:OLED) in the second quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor purchased 160,326 shares of the semiconductor company’s stock, valued at approximately $13,883,000.

Several other institutional investors have also added to or reduced their stakes in OLED. Measured Wealth Private Client Group LLC bought a new stake in Universal Display in the 3rd quarter worth approximately $33,000. Canada Pension Plan Investment Board purchased a new stake in shares of Universal Display during the 2nd quarter worth approximately $62,000. RHL Group LLC bought a new position in shares of Universal Display during the 4th quarter valued at approximately $60,000. UMB Bank n.a. boosted its position in shares of Universal Display by 28.3% during the 4th quarter. UMB Bank n.a. now owns 549 shares of the semiconductor company’s stock valued at $64,000 after acquiring an additional 121 shares during the last quarter. Finally, Eurizon Capital SGR S.p.A. purchased a new position in shares of Universal Display in the fourth quarter valued at $75,000. Hedge funds and other institutional investors own 78.19% of the company’s stock.

Wall Street Analyst Weigh In

A number of equities research analysts recently issued reports on OLED shares. Zacks Research raised shares of Universal Display from a “strong sell” rating to a “hold” rating in a research note on Thursday, August 13th. BTIG Research cut shares of Universal Display to a “neutral” rating in a research note on Friday, July 31st. Citigroup reduced their target price on shares of Universal Display from $100.00 to $85.00 and set a “neutral” rating on the stock in a report on Monday, August 3rd. Oppenheimer restated an “outperform” rating and set a $120.00 target price (down from $130.00) on shares of Universal Display in a research report on Friday, July 31st. Finally, Roth Capital set a $168.00 price target on shares of Universal Display in a report on Friday, May 1st. Three research analysts have rated the stock with a Buy rating, four have given a Hold rating and one has issued a Sell rating to the company. Based on data from MarketBeat, the stock currently has a consensus rating of “Hold” and a consensus price target of $116.33.

Universal Display Price Performance

Shares of NASDAQ OLED opened at $84.85 on Friday. Universal Display Corporation has a 1 year low of $76.42 and a 1 year high of $153.38. The firm has a 50-day simple moving average of $84.19 and a two-hundred day simple moving average of $92.85. The company has a market cap of $3.90 billion, a P/E ratio of 20.54 and a beta of 1.54.

Universal Display (NASDAQ:OLED) last released its earnings results on Thursday, July 30th. The semiconductor company reported $1.06 EPS for the quarter, beating analysts’ consensus estimates of $1.03 by $0.03. Universal Display had a return on equity of 11.35% and a net margin of 32.24%.The firm had revenue of $152.16 million for the quarter, compared to analysts’ expectations of $157.54 million. During the same quarter in the prior year, the firm posted $1.41 earnings per share. The company’s quarterly revenue was down 11.4% on a year-over-year basis. As a group, equities research analysts expect that Universal Display Corporation will post 4.17 EPS for the current year.

Universal Display Announces Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Wednesday, September 30th. Shareholders of record on Wednesday, September 16th will be given a $0.50 dividend. This represents a $2.00 annualized dividend and a yield of 2.4%. The ex-dividend date of this dividend is Wednesday, September 16th. Universal Display’s dividend payout ratio is 48.43%.

About Universal Display

Universal Display Corporation (NASDAQ: OLED) is a technology company specializing in organic light-emitting diode (OLED) solutions. The company develops and commercializes materials, technologies and software used in the creation of OLED displays and lighting. Its offerings include proprietary phosphorescent OLED (PHOLED) materials, display driver integrated circuits and process technologies that enable higher efficiency, longer lifetimes and improved color performance for a range of display and lighting applications.

Universal Display’s core business is licensing its extensive OLED patent portfolio to display manufacturers and providing them with the key organic materials needed for device fabrication.