Heritage Family Offices LLP Has $237,000 Stock Holdings in Universal Display Co. (NASDAQ:OLED)

Heritage Family Offices LLP reduced its stake in shares of Universal Display Co. (NASDAQ:OLED) by 16.7% during the 4th quarter, HoldingsChannel.com reports. The institutional investor owned 1,618 shares of the semiconductor company’s stock after selling 324 shares during the period. Heritage Family Offices LLP’s holdings in Universal Display were worth $237,000 as of its most recent SEC filing.

Other hedge funds have also recently bought and sold shares of the company. Geode Capital Management LLC raised its holdings in shares of Universal Display by 1.9% during the third quarter. Geode Capital Management LLC now owns 799,352 shares of the semiconductor company’s stock worth $167,825,000 after acquiring an additional 15,015 shares during the period. Kayne Anderson Rudnick Investment Management LLC acquired a new stake in shares of Universal Display in the 2nd quarter valued at about $127,668,000. Van ECK Associates Corp lifted its holdings in shares of Universal Display by 27.2% in the third quarter. Van ECK Associates Corp now owns 507,440 shares of the semiconductor company’s stock valued at $101,914,000 after purchasing an additional 108,394 shares in the last quarter. Dimensional Fund Advisors LP boosted its position 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 period. Finally, Southpoint Capital Advisors LP grew its holdings in shares of Universal Display by 46.0% during the third quarter. Southpoint Capital Advisors LP now owns 365,000 shares of the semiconductor company’s stock worth $76,614,000 after buying an additional 115,000 shares in the last quarter. 78.19% of the stock is currently owned by institutional investors and hedge funds.

Analyst Ratings Changes

A number of equities analysts have weighed in on OLED shares. TD Cowen reduced their price target on Universal Display from $250.00 to $225.00 and set a “buy” rating for the company in a research report on Thursday, October 31st. Needham & Company LLC reaffirmed a “buy” rating and issued a $215.00 target price on shares of Universal Display in a research report on Thursday. Finally, Oppenheimer cut their price target on shares of Universal Display from $220.00 to $200.00 and set an “outperform” rating on the stock in a research report on Thursday, January 2nd. Two analysts have rated the stock with a hold rating and five have issued a buy rating to the company. Based on data from MarketBeat.com, Universal Display presently has an average rating of “Moderate Buy” and an average price target of $207.86.

Universal Display Price Performance

Shares of OLED stock opened at $147.12 on Friday. The company has a fifty day moving average price of $157.72 and a two-hundred day moving average price of $186.67. Universal Display Co. has a one year low of $143.25 and a one year high of $237.00. The stock has a market cap of $6.98 billion, a P/E ratio of 29.54, a P/E/G ratio of 1.62 and a beta of 1.40.

Universal Display (NASDAQ:OLED) last posted its quarterly earnings results on Wednesday, October 30th. The semiconductor company reported $1.40 EPS for the quarter, topping analysts’ consensus estimates of $1.19 by $0.21. The business had revenue of $161.63 million during the quarter, compared to analysts’ expectations of $165.28 million. Universal Display had a return on equity of 15.75% and a net margin of 36.98%. Universal Display’s quarterly revenue was up 14.6% on a year-over-year basis. During the same quarter last year, the company posted $1.08 earnings per share. As a group, equities research analysts anticipate that Universal Display Co. will post 4.77 EPS for the current fiscal year.

Universal Display Announces Dividend

The firm also recently declared a quarterly dividend, which was paid on Tuesday, December 31st. Investors of record on Tuesday, December 17th were paid a $0.40 dividend. This represents a $1.60 dividend on an annualized basis and a yield of 1.09%. The ex-dividend date of this dividend was Tuesday, December 17th. Universal Display’s dividend payout ratio (DPR) is presently 32.13%.

Insider Buying and Selling at Universal Display

In related news, Director Lawrence Lacerte acquired 742 shares of the company’s stock in a transaction dated Monday, November 4th. The shares were bought at an average cost of $180.89 per share, with a total value of $134,220.38. Following the completion of the transaction, the director now directly owns 122,372 shares of the company’s stock, valued at $22,135,871.08. This trade represents a 0.61 % increase in their ownership of the stock. The acquisition was disclosed in a filing with the SEC, which is accessible through the SEC website. Insiders own 1.90% of the company’s stock.

Universal Display Company 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.