2 weeks Ago By ABMN Staff
Benjamin F. Edwards & Company Inc. cut its stake in Universal Display Co.
( NASDAQ:OLED – Free Report ) by 34.8% in the second quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 122 shares of the semiconductor company’s stock after selling 65 shares during the period.
Benjamin F. Edwards & Company Inc.’s holdings in Universal Display were worth $26,000 as of its most recent filing with the Securities and Exchange Commission.
A number of other institutional investors also recently modified their holdings of the stock. Vanguard Group Inc. raised its stake in shares of Universal Display by 1.
1% in the first quarter. Vanguard Group Inc. now owns 4,567,374 shares of the semiconductor company’s stock worth $769,374,000 after acquiring an additional 50,233 shares during the last quarter.
Primecap Management Co. CA raised its stake in shares of Universal Display by 0.4% during the second quarter.
Primecap Management Co. CA now owns 1,895,017 shares of the semiconductor company’s stock worth $398,427,000 after buying an additional 7,435 shares during the last quarter. Dimensional Fund Advisors LP raised its stake in shares of Universal Display by 27.
3% during the second quarter. Dimensional Fund Advisors LP now owns 469,570 shares of the semiconductor company’s stock worth $98,725,000 after buying an additional 100,809 shares during the last quarter. First Trust Advisors LP raised its stake 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 buying an additional 76,967 shares during the last quarter. Finally, Janus Henderson Group PLC raised its stake in shares of Universal Display by 66.
6% during the first quarter. Janus Henderson Group PLC now owns 434,029 shares of the semiconductor company’s stock worth $73,099,000 after buying an additional 173,496 shares during the last quarter. 78.
19% of the stock is owned by institutional investors. Analyst Ratings Changes OLED has been the subject of a number of recent research reports. Roth Mkm boosted their price target on shares of Universal Display from $189.
00 to $217.00 and gave the stock a “buy” rating in a research note on Friday, August 2nd. Needham & Company LLC boosted their price target 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. TD Cowen boosted their price target on shares of Universal Display from $210.
00 to $250.00 and gave the stock a “buy” rating in a research note on Friday, August 2nd. The Goldman Sachs Group boosted their price target 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. Finally, Oppenheimer boosted their price target 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. Three analysts have rated the stock with a hold rating and six have assigned a buy rating to the stock.
Based on data from MarketBeat, Universal Display has an average rating of “Moderate Buy” and an average price target of $225.88. Universal Display Stock Performance Shares of NASDAQ OLED opened at $205.
89 on Friday. The stock has a market cap of $9.77 billion, a P/E ratio of 44.
76, a P/E/G ratio of 2.29 and a beta of 1.41.
The firm has a 50 day moving average price of $196.91 and a 200 day moving average price of $187.13.
Universal Display Co. has a 52-week low of $133.67 and a 52-week high of $237.
00. Universal Display ( NASDAQ:OLED – Get Free Report ) last issued its quarterly earnings data on Thursday, August 1st. The semiconductor company reported $1.
10 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $1.14 by ($0.04).
The firm had revenue of $158.50 million for the quarter, compared to analyst estimates of $159.46 million.
Universal Display had a net margin of 35.74% and a return on equity of 15.25%.
The firm’s revenue for the quarter was up 8.1% compared to the same quarter last year. During the same quarter in the prior year, the firm posted $1.
04 EPS. Analysts predict that Universal Display Co. will post 4.
81 earnings per share for the current fiscal year. Universal Display Announces Dividend The business also recently declared a quarterly dividend, which will be paid on Monday, September 30th. Stockholders of record on Monday, September 16th will be issued a $0.
40 dividend. This represents a $1.60 annualized dividend and a dividend yield of 0.
78%. The ex-dividend date of this dividend is Monday, September 16th. Universal Display’s dividend payout ratio (DPR) is presently 34.
78%. Universal Display Profile ( Free Report ) 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.
Further Reading Want to see what other hedge funds are holding OLED? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for Universal Display Co. ( NASDAQ:OLED – Free Report ).
Receive News & Ratings for Universal Display Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Universal Display and related companies with MarketBeat.com's FREE daily email newsletter ..
