Profund Advisors LLC trimmed its position in Universal Display Co. (NASDAQ:OLED – Get Rating) by 16.5% in the 2nd quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 2,988 shares of the semiconductor company's stock after selling 591 shares during the period. Profund Advisors LLC's holdings in Universal Display were worth $302,000 at the end of the most recent reporting period.
Other large investors have also recently bought and sold shares of the company. Yousif Capital Management LLC lifted its holdings in shares of Universal Display by 7.4% during the 2nd quarter. Yousif Capital Management LLC now owns 24,244 shares of the semiconductor company's stock worth $2,452,000 after acquiring an additional 1,675 shares during the last quarter. Crossmark Global Holdings Inc. lifted its holdings in shares of Universal Display by 3.1% during the 2nd quarter. Crossmark Global Holdings Inc. now owns 5,066 shares of the semiconductor company's stock worth $513,000 after acquiring an additional 150 shares during the last quarter. Russell Investments Group Ltd. lifted its holdings in shares of Universal Display by 27.3% during the 2nd quarter. Russell Investments Group Ltd. now owns 18,111 shares of the semiconductor company's stock worth $1,830,000 after acquiring an additional 3,881 shares during the last quarter. Arizona State Retirement System lifted its holdings in shares of Universal Display by 3.2% during the 2nd quarter. Arizona State Retirement System now owns 12,485 shares of the semiconductor company's stock worth $1,263,000 after acquiring an additional 383 shares during the last quarter. Finally, Slow Capital Inc. lifted its holdings in shares of Universal Display by 2.3% during the 2nd quarter. Slow Capital Inc. now owns 18,256 shares of the semiconductor company's stock worth $1,846,000 after acquiring an additional 419 shares during the last quarter. 71.77% of the stock is owned by institutional investors.
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Analyst Ratings Changes
OLED has been the subject of a number of research analyst reports. DA Davidson decreased their target price on shares of Universal Display from $165.00 to $140.00 in a research report on Tuesday, July 26th. StockNews.com began coverage on shares of Universal Display in a research report on Wednesday, October 12th. They issued a "hold" rating on the stock. Cowen decreased their target price on shares of Universal Display from $175.00 to $145.00 in a research report on Friday, August 5th. Deutsche Bank Aktiengesellschaft decreased their target price on shares of Universal Display from $180.00 to $150.00 and set a "buy" rating on the stock in a research report on Monday, August 1st. Finally, Bank of America cut shares of Universal Display from a "buy" rating to a "neutral" rating and decreased their target price for the stock from $190.00 to $135.00 in a research report on Wednesday, June 29th. Two analysts have rated the stock with a hold rating and six have assigned a buy rating to the company. Based on data from MarketBeat, the company presently has an average 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 the company's stock in a transaction that occurred on Tuesday, August 9th. The shares were sold at an average price of $115.21, for a total value of $1,194,266.86. Following the transaction, the director now owns 190,366 shares in the company, valued at $21,932,066.86. The sale was disclosed in a legal filing with the SEC, which is available at
this link. Insiders own 2.70% of the company's stock.
Universal Display Price Performance
NASDAQ:OLED opened at $97.50 on Friday. Universal Display Co. has a one year low of $89.41 and a one year high of $188.57. The company's 50-day simple moving average is $104.91 and its 200 day simple moving average is $116.16. The firm has a market capitalization of $4.60 billion, a P/E ratio of 25.32, a PEG ratio of 1.17 and a beta of 1.46.
Universal Display (NASDAQ:OLED – Get Rating) last posted its quarterly earnings data on Thursday, August 4th. The semiconductor company reported $0.87 EPS for the quarter, missing the consensus estimate of $0.97 by ($0.10). Universal Display had a return on equity of 16.55% and a net margin of 31.80%. The business had revenue of $136.60 million for the quarter, compared to the consensus estimate of $151.21 million. During the same period in the previous year, the firm earned $0.85 EPS. The company's revenue was up 5.3% on a year-over-year basis. On average, equities research analysts expect that Universal Display Co. will post 3.93 earnings per share for the current fiscal year.
Universal Display Dividend Announcement
The company also recently announced a quarterly dividend, which was paid on Friday, September 30th. Stockholders of record on Friday, September 16th were paid a $0.30 dividend. The ex-dividend date was Thursday, September 15th. This represents a $1.20 annualized dividend and a dividend yield of 1.23%. Universal Display's dividend payout ratio is presently 31.17%.
Universal Display Company Profile
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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.
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