Universal Display Co. (NASDAQ:OLED) Stock Holdings Trimmed by LVW Advisors LLC

LVW Advisors LLC lessened its holdings in shares of Universal Display Co. (NASDAQ:OLED) by 15.8% in the fourth quarter, HoldingsChannel reports. The fund owned 3,150 shares of the semiconductor company’s stock after selling 591 shares during the period. LVW Advisors LLC’s holdings in Universal Display were worth $461,000 as of its most recent filing with the SEC.

A number of other large investors also recently modified their holdings of the business. Nisa Investment Advisors LLC lifted its holdings in shares of Universal Display by 60.2% in the third quarter. Nisa Investment Advisors LLC now owns 173 shares of the semiconductor company’s stock valued at $36,000 after buying an additional 65 shares during the period. UMB Bank n.a. lifted its holdings in Universal Display by 42.1% in the 3rd quarter. UMB Bank n.a. now owns 324 shares of the semiconductor company’s stock valued at $68,000 after acquiring an additional 96 shares during the last quarter. Glenmede Trust Co. NA lifted its holdings in Universal Display by 1.6% in the 3rd quarter. Glenmede Trust Co. NA now owns 6,046 shares of the semiconductor company’s stock valued at $1,269,000 after acquiring an additional 97 shares during the last quarter. Prospera Financial Services Inc boosted its position in shares of Universal Display by 4.4% during the 3rd quarter. Prospera Financial Services Inc now owns 2,576 shares of the semiconductor company’s stock valued at $542,000 after purchasing an additional 108 shares in the last quarter. Finally, Wilmington Savings Fund Society FSB grew its stake in shares of Universal Display by 2.8% in the 3rd quarter. Wilmington Savings Fund Society FSB now owns 4,272 shares of the semiconductor company’s stock worth $897,000 after purchasing an additional 118 shares during the last quarter. 78.19% of the stock is owned by institutional investors and hedge funds.

Insiders Place Their Bets

In related news, Director Lawrence Lacerte acquired 742 shares of the stock in a transaction dated Monday, November 4th. The shares were acquired at an average price of $180.89 per share, with a total value of $134,220.38. Following the acquisition, the director now owns 122,372 shares in the company, valued at approximately $22,135,871.08. The trade was a 0.61 % increase in their position. The purchase was disclosed in a legal filing with the SEC, which can be accessed through this link. Insiders own 1.90% of the company’s stock.

Analysts Set New Price Targets

Several analysts recently commented on the stock. Needham & Company LLC reissued a “buy” rating and set a $215.00 target price on shares of Universal Display in a research note on Thursday, January 16th. Oppenheimer reduced their price objective on Universal Display from $220.00 to $200.00 and set an “outperform” rating for the company in a research note on Thursday, January 2nd. Finally, TD Cowen cut their target price 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. One research analyst has rated the stock with a hold rating and five have assigned a buy rating to the company’s stock. Based on data from MarketBeat.com, the stock currently has a consensus rating of “Moderate Buy” and an average price target of $212.50.

Universal Display Stock Performance

Universal Display stock opened at $149.24 on Tuesday. Universal Display Co. has a 52 week low of $143.25 and a 52 week high of $237.00. The firm has a market capitalization of $7.08 billion, a price-to-earnings ratio of 29.97, a P/E/G ratio of 1.62 and a beta of 1.40. The company has a 50 day moving average price of $156.59 and a 200 day moving average price of $185.36.

Universal Display (NASDAQ:OLED) last posted its quarterly earnings results on Wednesday, October 30th. The semiconductor company reported $1.40 earnings per share (EPS) 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 business had revenue of $161.63 million during the quarter, compared to analyst estimates of $165.28 million. During the same period in the prior year, the firm earned $1.08 earnings per share. The firm’s revenue was up 14.6% compared to the same quarter last year. Equities analysts forecast that Universal Display Co. will post 4.77 earnings per share for the current fiscal year.

Universal Display Announces Dividend

The company 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. The ex-dividend date was Tuesday, December 17th. This represents a $1.60 annualized dividend and a dividend yield of 1.07%. Universal Display’s payout ratio is 32.13%.

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.