Crossmark Global Holdings Inc. grew its holdings in Universal Display Co. (NASDAQ:OLED – Get Rating) by 3.1% in the 2nd quarter, according to the company in its most recent Form 13F filing with the SEC. The institutional investor owned 5,066 shares of the semiconductor company's stock after acquiring an additional 150 shares during the quarter. Crossmark Global Holdings Inc.'s holdings in Universal Display were worth $513,000 at the end of the most recent reporting period.

Several other institutional investors have also added to or reduced their stakes in the business. BlackRock Inc. raised its stake in shares of Universal Display by 2.8% in the first quarter. BlackRock Inc. now owns 4,309,400 shares of the semiconductor company's stock worth $719,455,000 after purchasing an additional 117,055 shares during the last quarter. Vanguard Group Inc. raised its stake in shares of Universal Display by 6.0% in the first quarter. Vanguard Group Inc. now owns 4,266,391 shares of the semiconductor company's stock worth $712,274,000 after purchasing an additional 241,855 shares during the last quarter. JPMorgan Chase & Co. raised its stake in shares of Universal Display by 42.3% in the first quarter. JPMorgan Chase & Co. now owns 838,603 shares of the semiconductor company's stock worth $140,006,000 after purchasing an additional 249,377 shares during the last quarter. Neuberger Berman Group LLC raised its stake in shares of Universal Display by 8.2% in the first quarter. Neuberger Berman Group LLC now owns 705,643 shares of the semiconductor company's stock worth $117,807,000 after purchasing an additional 53,745 shares during the last quarter. Finally, First Trust Advisors LP raised its stake in shares of Universal Display by 1.5% in the first quarter. First Trust Advisors LP now owns 438,469 shares of the semiconductor company's stock worth $73,202,000 after purchasing an additional 6,382 shares during the last quarter. Institutional investors and hedge funds own 71.77% of the company's stock.

Universal Display Price Performance

Universal Display stock opened at $95.18 on Friday. The stock has a market capitalization of $4.50 billion, a PE ratio of 24.72, a price-to-earnings-growth ratio of 1.17 and a beta of 1.46. Universal Display Co. has a 12 month low of $89.41 and a 12 month high of $188.57. The business has a 50 day simple moving average of $105.49 and a 200-day simple moving average of $116.98.

Universal Display Dividend Announcement

The company also recently declared a quarterly dividend, which was paid on Friday, September 30th. Stockholders of record on Friday, September 16th were paid a $0.30 dividend. This represents a $1.20 dividend on an annualized basis and a dividend yield of 1.26%. The ex-dividend date was Thursday, September 15th. Universal Display's dividend payout ratio is presently 31.17%.

Wall Street Analysts Forecast Growth

Several research analysts have recently issued reports on the company. DA Davidson reduced their price objective on Universal Display from $165.00 to $140.00 in a research note on Tuesday, July 26th. Oppenheimer reduced their price objective on Universal Display from $160.00 to $150.00 in a research note on Wednesday, September 28th. Needham & Company LLC reduced their price target on Universal Display from $165.00 to $140.00 and set a "buy" rating for the company in a research report on Tuesday, July 26th. Deutsche Bank Aktiengesellschaft reduced their price target on Universal Display from $180.00 to $150.00 and set a "buy" rating for the company in a research report on Monday, August 1st. Finally, Cowen reduced their price target on Universal Display from $175.00 to $145.00 in a research report on Friday, August 5th. Two research analysts have rated the stock with a hold rating and six have issued a buy rating to the stock. According to MarketBeat, the stock currently has a consensus rating of "Moderate Buy" and an average target price of $162.30.

Insider Transactions at Universal Display

In other news, Director Lawrence Lacerte sold 10,366 shares of Universal Display stock in a transaction that occurred on Tuesday, August 9th. The stock was sold at an average price of $115.21, for a total value of $1,194,266.86. Following the sale, the director now directly owns 190,366 shares of the company's stock, valued at $21,932,066.86. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Corporate insiders own 2.70% of the company's stock.

About Universal Display

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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. It owns, exclusively licenses, or has sole rights to sublicense approximately 5,500 issued and pending patents worldwide.

Further Reading

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