Princeton Portfolio Strategies Group LLC Sells 3,962 Shares of Universal Display Corporation (OLED)

Princeton Portfolio Strategies Group LLC lessened its stake in shares of Universal Display Corporation (NASDAQ:OLED) by 36.0% in the 2nd quarter, according to the company in its most recent 13F filing with the SEC. The institutional investor owned 7,038 shares of the semiconductor company’s stock after selling 3,962 shares during the quarter. Princeton Portfolio Strategies Group LLC’s holdings in Universal Display Corporation were worth $769,000 as of its most recent filing with the SEC.

Other institutional investors and hedge funds also recently added to or reduced their stakes in the company. Mitra Capital LLC bought a new stake in Universal Display Corporation during the 2nd quarter valued at approximately $109,000. IFP Advisors Inc lifted its position in shares of Universal Display Corporation by 307.5% in the 2nd quarter. IFP Advisors Inc now owns 1,080 shares of the semiconductor company’s stock worth $118,000 after acquiring an additional 815 shares during the period. FNY Partners Fund LP bought a new stake in shares of Universal Display Corporation in the 1st quarter worth approximately $146,000. Invictus RG bought a new stake in shares of Universal Display Corporation in the 1st quarter worth approximately $152,000. Finally, BNP Paribas Arbitrage SA raised its holdings in shares of Universal Display Corporation by 79.4% in the 2nd quarter. BNP Paribas Arbitrage SA now owns 1,536 shares of the semiconductor company’s stock worth $168,000 after buying an additional 680 shares in the last quarter. Institutional investors own 64.09% of the company’s stock.

In other Universal Display Corporation news, insider Julia J. Brown sold 10,000 shares of the firm’s stock in a transaction dated Wednesday, July 19th. The shares were sold at an average price of $125.00, for a total transaction of $1,250,000.00. Following the transaction, the insider now owns 162,932 shares of the company’s stock, valued at approximately $20,366,500. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. Also, CEO Steven V. Abramson sold 18,000 shares of Universal Display Corporation stock in a transaction that occurred on Wednesday, July 19th. The stock was sold at an average price of $124.53, for a total transaction of $2,241,540.00. Following the completion of the transaction, the chief executive officer now directly owns 262,888 shares in the company, valued at approximately $32,737,442.64. The disclosure for this sale can be found here. Insiders have sold 78,240 shares of company stock valued at $10,274,945 in the last quarter. 5.20% of the stock is owned by company insiders.

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Universal Display Corporation (NASDAQ OLED) traded down 0.2951% during mid-day trading on Tuesday, hitting $135.1001. The company’s stock had a trading volume of 144,567 shares. The firm has a 50 day moving average of $129.32 and a 200-day moving average of $113.94. The firm has a market cap of $6.35 billion, a price-to-earnings ratio of 78.3189 and a beta of 1.04. Universal Display Corporation has a 52-week low of $49.20 and a 52-week high of $145.30.

Universal Display Corporation (NASDAQ:OLED) last issued its earnings results on Thursday, August 3rd. The semiconductor company reported $0.99 earnings per share for the quarter, topping the Zacks’ consensus estimate of $0.68 by $0.31. Universal Display Corporation had a net margin of 31.15% and a return on equity of 14.90%. The firm had revenue of $102.50 million during the quarter, compared to analyst estimates of $84.81 million. During the same quarter in the prior year, the business earned $0.46 earnings per share. Universal Display Corporation’s revenue for the quarter was up 59.2% on a year-over-year basis. On average, equities research analysts expect that Universal Display Corporation will post $2.14 EPS for the current fiscal year.

The firm also recently disclosed a quarterly dividend, which was paid on Saturday, September 30th. Shareholders of record on Friday, September 15th were given a dividend of $0.03 per share. The ex-dividend date of this dividend was Thursday, September 14th. This represents a $0.12 annualized dividend and a yield of 0.09%. Universal Display Corporation’s dividend payout ratio (DPR) is currently 6.94%.

OLED has been the subject of a number of recent analyst reports. Goldman Sachs Group, Inc. (The) reaffirmed a “buy” rating and set a $150.00 price target (up from $140.00) on shares of Universal Display Corporation in a report on Wednesday, August 9th. Zacks Investment Research cut Universal Display Corporation from a “strong-buy” rating to a “hold” rating in a report on Tuesday. Susquehanna Bancshares Inc reissued a “positive” rating and issued a $150.00 target price (up from $120.00) on shares of Universal Display Corporation in a research note on Wednesday, August 9th. Summit Redstone reissued a “hold” rating and issued a $95.00 target price on shares of Universal Display Corporation in a research note on Tuesday, August 1st. Finally, Oppenheimer Holdings, Inc. reissued a “market perform” rating on shares of Universal Display Corporation in a research note on Wednesday, August 9th. Seven analysts have rated the stock with a hold rating and seven have given a buy rating to the company’s stock. The company presently has a consensus rating of “Buy” and a consensus price target of $121.11.

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.

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

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