Olympiad Research LP Purchases 650 Shares of Universal Display Co. (NASDAQ:OLED)

Olympiad Research LP increased its position in shares of Universal Display Co. (NASDAQ:OLED) by 33.8% during the 3rd quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 2,573 shares of the semiconductor company’s stock after purchasing an additional 650 shares during the period. Olympiad Research LP’s holdings in Universal Display were worth $540,000 at the end of the most recent reporting period.

Other institutional investors and hedge funds have also recently modified their holdings of the company. V Square Quantitative Management LLC bought a new stake in shares of Universal Display during the 3rd quarter valued at $31,000. ORG Partners LLC bought a new stake in Universal Display in the 1st quarter valued at $27,000. Nisa Investment Advisors LLC increased its holdings in 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 acquiring an additional 65 shares during the last quarter. Itau Unibanco Holding S.A. bought a new stake in Universal Display in the 2nd quarter valued at $44,000. Finally, Tortoise Investment Management LLC bought a new stake in Universal Display in the 2nd quarter valued at $47,000. 78.19% of the stock is currently owned by institutional investors.

Insider Transactions at Universal Display

In other Universal Display news, Director Lawrence Lacerte purchased 742 shares of the 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 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 document filed with the Securities & Exchange Commission, which can be accessed through this link. Corporate insiders own 1.90% of the company’s stock.

Universal Display Trading Up 2.8 %

OLED stock opened at $185.85 on Thursday. Universal Display Co. has a 12 month low of $146.99 and a 12 month high of $237.00. The company has a 50-day moving average price of $200.90 and a 200 day moving average price of $194.86. The stock has a market cap of $8.82 billion, a PE ratio of 37.32, a P/E/G ratio of 1.93 and a beta of 1.43.

Universal Display (NASDAQ:OLED) last released its quarterly earnings data on Wednesday, October 30th. The semiconductor company reported $1.40 earnings per share (EPS) for the quarter, beating the consensus estimate of $1.19 by $0.21. The company had revenue of $161.63 million during the quarter, compared to analysts’ expectations 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 period in the previous year, the company earned $1.08 EPS. Sell-side analysts forecast that Universal Display Co. will post 4.79 EPS for the current year.

Universal Display Dividend Announcement

The firm also recently declared 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. The ex-dividend date is Tuesday, December 17th. This represents a $1.60 annualized dividend and a dividend yield of 0.86%. Universal Display’s payout ratio is presently 32.13%.

Analyst Ratings Changes

A number of analysts have issued reports on the stock. Oppenheimer reduced their price target on shares of Universal Display from $240.00 to $220.00 and set an “outperform” rating on the stock in a report on Thursday, October 31st. Needham & Company LLC reduced their price target 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. TD Cowen reduced their price target 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. The Goldman Sachs Group lifted their price target on shares of Universal Display from $208.00 to $243.00 and gave the company a “buy” rating in a report on Thursday, July 18th. Finally, Susquehanna lifted their price objective on shares of Universal Display from $170.00 to $175.00 and gave the stock a “neutral” rating in a research note on Friday, August 2nd. Two research analysts have rated the stock with a hold rating and six have issued a buy rating to the company. According to data from MarketBeat, the stock presently has a consensus rating of “Moderate Buy” and a consensus price target of $215.63.

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.