BNP Paribas Financial Markets Purchases 4,269 Shares of Universal Display Co. (NASDAQ:OLED)

BNP Paribas Financial Markets grew its position in shares of Universal Display Co. (NASDAQ:OLED) by 8.8% during the 3rd quarter, Holdings Channel reports. The institutional investor owned 52,713 shares of the semiconductor company’s stock after buying an additional 4,269 shares during the quarter. BNP Paribas Financial Markets’ holdings in Universal Display were worth $11,064,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

A number of other institutional investors also recently modified their holdings of the business. Price T Rowe Associates Inc. MD raised its stake in Universal Display by 2.8% in the 1st quarter. Price T Rowe Associates Inc. MD now owns 22,867 shares of the semiconductor company’s stock worth $3,852,000 after purchasing an additional 616 shares in the last quarter. Tidal Investments LLC raised its position in shares of Universal Display by 172.0% in the first quarter. Tidal Investments LLC now owns 6,246 shares of the semiconductor company’s stock valued at $1,052,000 after buying an additional 3,950 shares in the last quarter. Swedbank AB bought a new stake in shares of Universal Display in the first quarter valued at approximately $1,995,000. GAMMA Investing LLC grew its position in Universal Display by 42.4% during the second quarter. GAMMA Investing LLC now owns 514 shares of the semiconductor company’s stock worth $108,000 after buying an additional 153 shares in the last quarter. Finally, Harbor Capital Advisors Inc. increased its stake in Universal Display by 375.1% during the 2nd quarter. Harbor Capital Advisors Inc. now owns 10,043 shares of the semiconductor company’s stock worth $2,112,000 after acquiring an additional 7,929 shares during the period. Institutional investors own 78.19% of the company’s stock.

Analyst Ratings Changes

A number of research firms have recently weighed in on OLED. Oppenheimer reduced their target price on Universal Display from $240.00 to $220.00 and set an “outperform” rating on the stock in a report on Thursday, October 31st. TD Cowen reduced their price objective on shares of Universal Display from $250.00 to $225.00 and set a “buy” rating on the stock in a research note on Thursday, October 31st. Finally, Needham & Company LLC decreased 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. Two research analysts have rated the stock with a hold rating and six have assigned a buy rating to the stock. According to data from MarketBeat, the stock currently has a consensus rating of “Moderate Buy” and an average target price of $215.63.

Universal Display Trading Up 2.1 %

Shares of Universal Display stock opened at $164.52 on Monday. The firm’s 50 day moving average is $190.97 and its 200 day moving average is $195.29. The firm has a market capitalization of $7.81 billion, a PE ratio of 33.04, a price-to-earnings-growth ratio of 1.76 and a beta of 1.43. Universal Display Co. has a 1 year low of $148.75 and a 1 year high of $237.00.

Universal Display (NASDAQ:OLED) last posted its earnings results on Wednesday, October 30th. The semiconductor company reported $1.40 earnings per share for the quarter, topping analysts’ consensus estimates of $1.19 by $0.21. Universal Display had a net margin of 36.98% and a return on equity of 15.75%. The firm had revenue of $161.63 million for the quarter, compared to analysts’ expectations of $165.28 million. During the same quarter in the previous year, the firm posted $1.08 earnings per share. The company’s revenue was up 14.6% on a year-over-year basis. As a group, research analysts anticipate that Universal Display Co. will post 4.8 earnings per share for the current year.

Universal Display Dividend Announcement

The company also recently declared a quarterly dividend, which will be paid on Tuesday, December 31st. Stockholders of record on Tuesday, December 17th will be paid a dividend of $0.40 per share. This represents a $1.60 dividend on an annualized basis and a dividend yield of 0.97%. The ex-dividend date is Tuesday, December 17th. Universal Display’s payout ratio is 32.13%.

Insider Transactions at Universal Display

In other Universal Display news, Director Lawrence Lacerte purchased 742 shares of the company’s stock in a transaction dated Monday, November 4th. The stock was purchased at an average price of $180.89 per share, with a total value of $134,220.38. Following the completion of the purchase, the director now owns 122,372 shares of the company’s stock, valued at approximately $22,135,871.08. The trade was a 0.61 % increase in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is available at this link. Company insiders own 1.90% of the company’s stock.

About Universal Display

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.