American Trust Takes Position in Universal Display Co. (NASDAQ:OLED)

American Trust acquired a new stake in shares of Universal Display Co. (NASDAQ:OLEDGet Rating) in the first quarter, HoldingsChannel.com reports. The fund acquired 1,427 shares of the semiconductor company’s stock, valued at approximately $238,000.

Other institutional investors and hedge funds also recently added to or reduced their stakes in the company. Meeder Asset Management Inc. purchased a new stake in Universal Display in the first quarter worth $27,000. Allworth Financial LP lifted its stake in Universal Display by 713.0% in the first quarter. Allworth Financial LP now owns 187 shares of the semiconductor company’s stock worth $31,000 after acquiring an additional 164 shares during the period. Quadrant Capital Group LLC lifted its stake in Universal Display by 287.3% in the first quarter. Quadrant Capital Group LLC now owns 213 shares of the semiconductor company’s stock worth $36,000 after acquiring an additional 158 shares during the period. Itau Unibanco Holding S.A. lifted its stake in Universal Display by 72.2% in the fourth quarter. Itau Unibanco Holding S.A. now owns 229 shares of the semiconductor company’s stock worth $38,000 after acquiring an additional 96 shares during the period. Finally, Citizens National Bank Trust Department purchased a new stake in Universal Display in the first quarter worth $32,000. Hedge funds and other institutional investors own 71.77% of the company’s stock.

Analyst Upgrades and Downgrades

Several equities analysts have recently weighed in on the company. The Goldman Sachs Group reduced their price target on Universal Display from $225.00 to $192.00 and set a “buy” rating for the company in a report on Thursday, July 28th. Needham & Company LLC lowered their price objective on Universal Display from $165.00 to $140.00 and set a “buy” rating on the stock in a research report on Tuesday, July 26th. Deutsche Bank Aktiengesellschaft lowered their price target on Universal Display from $180.00 to $150.00 and set a “buy” rating on the stock in a report on Monday, August 1st. DA Davidson reduced their price objective on Universal Display from $165.00 to $140.00 in a research note on Tuesday, July 26th. Finally, Cowen cut their target price on Universal Display from $175.00 to $145.00 in a research report on Friday, August 5th. Two analysts have rated the stock with a hold rating and six have issued a buy rating to the company’s stock. According to data from MarketBeat, the stock presently has an average rating of “Moderate Buy” and a consensus price target of $168.30.

Universal Display Stock Performance

Shares of OLED stock opened at $101.69 on Monday. The stock’s 50-day simple moving average is $113.48 and its 200-day simple moving average is $127.35. The firm has a market capitalization of $4.80 billion, a PE ratio of 26.41, a P/E/G ratio of 1.21 and a beta of 1.46. Universal Display Co. has a fifty-two week low of $98.71 and a fifty-two week high of $199.64.

Universal Display (NASDAQ:OLEDGet Rating) last announced its quarterly earnings data on Thursday, August 4th. The semiconductor company reported $0.87 earnings per share for the quarter, missing analysts’ consensus estimates of $0.97 by ($0.10). The firm had revenue of $136.60 million during the quarter, compared to analyst estimates of $151.21 million. Universal Display had a net margin of 31.80% and a return on equity of 16.55%. The firm’s revenue for the quarter was up 5.3% on a year-over-year basis. During the same period in the prior year, the company posted $0.85 earnings per share. Sell-side analysts forecast that Universal Display Co. will post 4.07 earnings per share for the current year.

Universal Display Dividend Announcement

The business also recently announced a quarterly dividend, which will be paid on Friday, September 30th. Investors of record on Friday, September 16th will be issued a dividend of $0.30 per share. This represents a $1.20 annualized dividend and a yield of 1.18%. The ex-dividend date is Thursday, September 15th. Universal Display’s dividend payout ratio (DPR) is 31.17%.

Insider Buying and Selling

In related news, Director Lawrence Lacerte sold 10,366 shares of the firm’s stock in a transaction dated Tuesday, August 9th. The stock was sold at an average price of $115.21, for a total transaction of $1,194,266.86. Following the sale, the director now directly owns 190,366 shares of the company’s stock, valued at $21,932,066.86. The transaction was disclosed in a filing with the SEC, which can be accessed through this hyperlink. 2.70% of the stock is owned by corporate insiders.

About Universal Display

(Get Rating)

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. It owns, exclusively licenses, or has sole rights to sublicense approximately 5,500 issued and pending patents worldwide.

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Institutional Ownership by Quarter for Universal Display (NASDAQ:OLED)

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