Circle Wealth Management LLC Has $999,000 Stock Holdings in Universal Display Co. (NASDAQ:OLED)

Circle Wealth Management LLC lifted its stake in Universal Display Co. (NASDAQ:OLED) by 84.0% in the 3rd quarter, HoldingsChannel reports. The institutional investor owned 4,758 shares of the semiconductor company’s stock after purchasing an additional 2,172 shares during the quarter. Circle Wealth Management LLC’s holdings in Universal Display were worth $999,000 at the end of the most recent reporting period.

A number of other institutional investors have also recently modified their holdings of the stock. Assetmark Inc. acquired a new position in shares of Universal Display in the 3rd quarter valued at approximately $29,000. Brooklyn Investment Group acquired a new position in Universal Display during the third quarter valued at approximately $30,000. V Square Quantitative Management LLC acquired a new stake in shares of Universal Display in the 3rd quarter valued at $31,000. Nisa Investment Advisors LLC boosted its holdings in shares of Universal Display by 60.2% in the 3rd quarter. Nisa Investment Advisors LLC now owns 173 shares of the semiconductor company’s stock valued at $36,000 after purchasing an additional 65 shares in the last quarter. Finally, Itau Unibanco Holding S.A. bought a new position in shares of Universal Display in the second quarter worth about $44,000. 78.19% of the stock is currently owned by institutional investors.

Insider Buying and Selling at Universal Display

In related news, Director Lawrence Lacerte acquired 742 shares of the stock in a transaction dated Monday, November 4th. The stock was bought at an average price of $180.89 per share, for a total transaction of $134,220.38. Following the purchase, the director now directly owns 122,372 shares of the company’s stock, valued at $22,135,871.08. The trade was a 0.61 % increase in their position. The acquisition was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink. Insiders own 1.90% of the company’s stock.

Universal Display Stock Performance

Shares of NASDAQ OLED opened at $164.52 on Friday. Universal Display Co. has a 52-week low of $148.75 and a 52-week high of $237.00. The company’s 50 day moving average price is $191.91 and its 200-day moving average price is $195.21. The company has a market capitalization of $7.81 billion, a P/E ratio of 33.04, a price-to-earnings-growth ratio of 1.73 and a beta of 1.43.

Universal Display (NASDAQ:OLED) last issued its quarterly earnings results on Wednesday, October 30th. The semiconductor company reported $1.40 EPS for the quarter, beating 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 business had revenue of $161.63 million for the quarter, compared to analysts’ expectations of $165.28 million. During the same quarter in the prior year, the firm posted $1.08 earnings per share. The business’s quarterly revenue was up 14.6% compared to the same quarter last year. Analysts forecast that Universal Display Co. will post 4.8 earnings per share for the current year.

Universal Display Announces Dividend

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

Analysts Set New Price Targets

OLED has been the subject of several research reports. Oppenheimer dropped their price objective on shares of Universal Display from $240.00 to $220.00 and set an “outperform” rating for the company in a research note on Thursday, October 31st. TD Cowen reduced their price objective on Universal Display from $250.00 to $225.00 and set a “buy” rating on the stock in a research report on Thursday, October 31st. Needham & Company LLC lowered their target price on Universal Display from $242.00 to $215.00 and set a “buy” rating for the company in a report on Thursday, October 31st. Susquehanna upped their price target on shares of Universal Display from $170.00 to $175.00 and gave the company a “neutral” rating in a research report on Friday, August 2nd. Finally, Roth Mkm lifted their price target on shares of Universal Display from $189.00 to $217.00 and gave the stock a “buy” rating in a report on Friday, August 2nd. Two research analysts have rated the stock with a hold rating and six have given a buy rating to the stock. According to MarketBeat.com, the company presently has a consensus rating of “Moderate Buy” and an average price target 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.