Stephens Inc. AR Buys Shares of 1,185 Universal Display Co. (NASDAQ:OLED)

Stephens Inc. AR bought a new stake in Universal Display Co. (NASDAQ:OLED) in the third quarter, according to its most recent disclosure with the Securities & Exchange Commission. The firm bought 1,185 shares of the semiconductor company’s stock, valued at approximately $249,000.

A number of other hedge funds also recently added to or reduced their stakes in the stock. Vanguard Group Inc. increased its holdings in Universal Display by 1.1% in the first quarter. Vanguard Group Inc. now owns 4,567,374 shares of the semiconductor company’s stock valued at $769,374,000 after buying an additional 50,233 shares in the last quarter. Primecap Management Co. CA increased its stake in shares of Universal Display by 0.4% during the 2nd quarter. Primecap Management Co. CA now owns 1,895,017 shares of the semiconductor company’s stock worth $398,427,000 after purchasing an additional 7,435 shares in the last quarter. Kayne Anderson Rudnick Investment Management LLC purchased a new position in shares of Universal Display during the 2nd quarter worth approximately $127,668,000. Dimensional Fund Advisors LP increased its stake in shares of Universal Display by 27.3% during the 2nd quarter. Dimensional Fund Advisors LP now owns 469,570 shares of the semiconductor company’s stock worth $98,725,000 after purchasing an additional 100,809 shares in the last quarter. Finally, Janus Henderson Group PLC increased its stake in shares of Universal Display by 66.6% during the 1st quarter. Janus Henderson Group PLC now owns 434,029 shares of the semiconductor company’s stock worth $73,099,000 after purchasing an additional 173,496 shares in the last quarter. 78.19% of the stock is owned by hedge funds and other institutional investors.

Universal Display Price Performance

Universal Display stock opened at $179.88 on Friday. Universal Display Co. has a 12-month low of $148.18 and a 12-month high of $237.00. The company has a market capitalization of $8.54 billion, a price-to-earnings ratio of 36.12, a price-to-earnings-growth ratio of 1.99 and a beta of 1.43. The firm’s fifty day moving average price is $200.48 and its 200 day moving average price is $194.98.

Universal Display (NASDAQ:OLED) last released its quarterly earnings results on Wednesday, October 30th. The semiconductor company reported $1.40 earnings per share (EPS) for the quarter, topping the consensus estimate of $1.19 by $0.21. The firm had revenue of $161.63 million for the quarter, compared to the consensus estimate of $165.28 million. Universal Display had a net margin of 36.98% and a return on equity of 15.75%. The firm’s quarterly revenue was up 14.6% on a year-over-year basis. During the same quarter in the previous year, the firm posted $1.08 EPS. Analysts forecast that Universal Display Co. will post 4.79 earnings per share for the current fiscal year.

Universal Display Announces Dividend

The business also recently announced a quarterly dividend, which will be paid on Tuesday, December 31st. Stockholders of record on Tuesday, December 17th will be given a $0.40 dividend. This represents a $1.60 annualized dividend and a dividend yield of 0.89%. The ex-dividend date of this dividend is Tuesday, December 17th. Universal Display’s payout ratio is currently 32.13%.

Insider Transactions at Universal Display

In related news, Director Lawrence Lacerte bought 742 shares of the company’s stock in a transaction dated Monday, November 4th. The stock was bought at an average price of $180.89 per share, with a total value of $134,220.38. Following the transaction, the director now owns 122,372 shares of the company’s stock, valued at approximately $22,135,871.08. This trade represents a 0.00 % increase in their ownership of the stock. The acquisition was disclosed in a filing with the SEC, which can be accessed through this link. Insiders own 1.90% of the company’s stock.

Analyst Ratings Changes

A number of brokerages have recently weighed in on OLED. The Goldman Sachs Group raised their price objective 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. Roth Mkm lifted their price target on shares of Universal Display from $189.00 to $217.00 and gave the company a “buy” rating in a report on Friday, August 2nd. Needham & Company LLC reduced their target price on shares of Universal Display from $242.00 to $215.00 and set a “buy” rating on the stock in a report on Thursday, October 31st. Susquehanna lifted their target price on shares of Universal Display from $170.00 to $175.00 and gave the company a “neutral” rating in a report on Friday, August 2nd. Finally, TD Cowen reduced their target price on shares of Universal Display from $250.00 to $225.00 and set a “buy” rating on the stock in a report on Thursday, October 31st. Two research analysts have rated the stock with a hold rating and six have assigned a buy rating to the company. According to data from MarketBeat.com, the company currently has an average rating of “Moderate Buy” and an average target price of $215.63.

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.