Universal Display Co. (NASDAQ:OLED) Shares Sold by Xponance Inc.

Xponance Inc. cut its position in Universal Display Co. (NASDAQ:OLED) by 8.2% during the second quarter, HoldingsChannel.com reports. The fund owned 7,441 shares of the semiconductor company’s stock after selling 665 shares during the period. Xponance Inc.’s holdings in Universal Display were worth $1,564,000 at the end of the most recent reporting period.

A number of other institutional investors have also recently made changes to their positions in the company. Peapack Gladstone Financial Corp boosted its stake in Universal Display by 1.8% during the fourth quarter. Peapack Gladstone Financial Corp now owns 3,367 shares of the semiconductor company’s stock worth $643,000 after buying an additional 60 shares during the last quarter. Red Spruce Capital LLC boosted its stake in Universal Display by 0.7% during the second quarter. Red Spruce Capital LLC now owns 11,146 shares of the semiconductor company’s stock worth $2,343,000 after buying an additional 76 shares during the last quarter. CIBC Asset Management Inc boosted its stake in Universal Display by 7.6% during the second quarter. CIBC Asset Management Inc now owns 1,351 shares of the semiconductor company’s stock worth $284,000 after buying an additional 96 shares during the last quarter. Bahl & Gaynor Inc. boosted its stake in Universal Display by 0.5% during the first quarter. Bahl & Gaynor Inc. now owns 18,645 shares of the semiconductor company’s stock worth $3,141,000 after buying an additional 101 shares during the last quarter. Finally, Inspire Investing LLC raised its position in Universal Display by 5.4% in the first quarter. Inspire Investing LLC now owns 2,107 shares of the semiconductor company’s stock valued at $355,000 after purchasing an additional 108 shares during the period. 78.19% of the stock is owned by institutional investors and hedge funds.

Universal Display Trading Down 0.8 %

OLED stock opened at $205.89 on Friday. The company has a market capitalization of $9.77 billion, a PE ratio of 44.76, a P/E/G ratio of 2.29 and a beta of 1.41. Universal Display Co. has a 12-month low of $133.67 and a 12-month high of $237.00. The business’s fifty day moving average price is $196.91 and its 200 day moving average price is $186.99.

Universal Display (NASDAQ:OLED) last posted its quarterly earnings data on Thursday, August 1st. The semiconductor company reported $1.10 earnings per share (EPS) for the quarter, missing the consensus estimate of $1.14 by ($0.04). The firm had revenue of $158.50 million during the quarter, compared to analysts’ expectations of $159.46 million. Universal Display had a net margin of 35.74% and a return on equity of 15.25%. Universal Display’s quarterly revenue 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. Research analysts predict that Universal Display Co. will post 4.81 EPS for the current fiscal year.

Universal Display Dividend Announcement

The business also recently declared a quarterly dividend, which will be paid on Monday, September 30th. Shareholders of record on Monday, September 16th will be issued a dividend of $0.40 per share. The ex-dividend date is Monday, September 16th. This represents a $1.60 annualized dividend and a yield of 0.78%. Universal Display’s dividend payout ratio (DPR) is 34.78%.

Analyst Ratings Changes

OLED has been the topic of a number of research analyst reports. The Goldman Sachs Group lifted their target price on Universal Display from $208.00 to $243.00 and gave the company a “buy” rating in a research report on Thursday, July 18th. Oppenheimer lifted their target price on Universal Display from $200.00 to $250.00 and gave the company an “outperform” rating in a research report on Wednesday, July 3rd. TD Cowen lifted their target price on Universal Display from $210.00 to $250.00 and gave the company a “buy” rating in a research report on Friday, August 2nd. Roth Mkm lifted their target price on Universal Display from $189.00 to $217.00 and gave the company a “buy” rating in a research report on Friday, August 2nd. Finally, Needham & Company LLC lifted their target price on Universal Display from $198.00 to $242.00 and gave the company a “buy” rating in a research report on Tuesday, July 2nd. Three investment analysts have rated the stock with a hold rating and six have issued a buy rating to the company’s stock. According to MarketBeat.com, Universal Display currently has an average rating of “Moderate Buy” and an average target price of $225.88.

Universal Display Profile

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.