Universal Display Co. (NASDAQ:OLED) Shares Acquired by Princeton Capital Management LLC

Princeton Capital Management LLC boosted its stake in Universal Display Co. (NASDAQ:OLED) by 1.2% during the 3rd quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 48,878 shares of the semiconductor company’s stock after buying an additional 583 shares during the quarter. Universal Display makes up about 3.2% of Princeton Capital Management LLC’s investment portfolio, making the stock its 7th largest position. Princeton Capital Management LLC owned 0.10% of Universal Display worth $10,260,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

A number of other large investors have also recently bought and sold shares of OLED. Assetmark Inc. bought a new position in shares of Universal Display in the third quarter valued at approximately $29,000. V Square Quantitative Management LLC bought a new position in Universal Display in the 3rd quarter valued at $31,000. Nisa Investment Advisors LLC boosted its stake in Universal Display by 60.2% in the third quarter. Nisa Investment Advisors LLC now owns 173 shares of the semiconductor company’s stock worth $36,000 after purchasing an additional 65 shares in the last quarter. Itau Unibanco Holding S.A. bought a new stake in shares of Universal Display during the second quarter worth $44,000. Finally, Tortoise Investment Management LLC acquired a new stake in shares of Universal Display in the second quarter valued at $47,000. 78.19% of the stock is currently owned by institutional investors.

Universal Display Stock Up 0.8 %

Shares of Universal Display stock opened at $165.32 on Tuesday. The business has a fifty day simple moving average of $198.21 and a 200 day simple moving average of $196.01. The stock has a market cap of $7.85 billion, a PE ratio of 33.20, a price-to-earnings-growth ratio of 1.76 and a beta of 1.43. Universal Display Co. has a 12 month low of $148.75 and a 12 month 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 (EPS) for the quarter, topping the consensus estimate of $1.19 by $0.21. Universal Display had a return on equity of 15.75% and a net margin of 36.98%. The company had revenue of $161.63 million during the quarter, compared to analyst estimates of $165.28 million. During the same period in the previous year, the company earned $1.08 EPS. The company’s revenue for the quarter was up 14.6% compared to the same quarter last year. Analysts expect that Universal Display Co. will post 4.79 EPS for the current fiscal year.

Universal Display Dividend Announcement

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 dividend of $0.40 per share. The ex-dividend date is Tuesday, December 17th. This represents a $1.60 annualized dividend and a yield of 0.97%. Universal Display’s dividend payout ratio is presently 32.13%.

Insider Buying and Selling at Universal Display

In other Universal Display news, Director Lawrence Lacerte acquired 742 shares of the firm’s stock in a transaction that occurred on Monday, November 4th. The stock was acquired at an average cost of $180.89 per share, for a total transaction of $134,220.38. Following the transaction, the director now 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 transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. Insiders own 1.90% of the company’s stock.

Wall Street Analysts Forecast Growth

OLED has been the topic of several research reports. 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 research report on Thursday, October 31st. Susquehanna increased their price target on shares of Universal Display from $170.00 to $175.00 and gave the company a “neutral” rating in a research note on Friday, August 2nd. Roth Mkm raised their price target on shares of Universal Display from $189.00 to $217.00 and gave the company a “buy” rating in a report on Friday, August 2nd. Oppenheimer reduced their price objective on Universal Display from $240.00 to $220.00 and set an “outperform” rating on the stock in a report on Thursday, October 31st. Finally, 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 research note on Thursday, October 31st. Two research analysts have rated the stock with a hold rating and six have given a buy rating to the company’s stock. According to data from MarketBeat, Universal Display presently has a consensus rating of “Moderate Buy” and an average 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.