Crossmark Global Holdings Inc. Boosts Holdings in Universal Display Co. (NASDAQ:OLED)

Crossmark Global Holdings Inc. lifted its stake in Universal Display Co. (NASDAQ:OLEDGet Rating) by 2.3% during the third quarter, HoldingsChannel reports. The institutional investor owned 5,182 shares of the semiconductor company’s stock after acquiring an additional 116 shares during the period. Crossmark Global Holdings Inc.’s holdings in Universal Display were worth $489,000 as of its most recent SEC filing.

A number of other hedge funds have also recently modified their holdings of OLED. US Bancorp DE boosted its stake in Universal Display by 44.7% during the 1st quarter. US Bancorp DE now owns 2,947 shares of the semiconductor company’s stock worth $492,000 after purchasing an additional 911 shares during the period. HighTower Advisors LLC boosted its stake in Universal Display by 2.0% during the 1st quarter. HighTower Advisors LLC now owns 9,647 shares of the semiconductor company’s stock worth $1,610,000 after purchasing an additional 189 shares during the period. BlackRock Inc. boosted its stake in Universal Display by 2.8% during the 1st quarter. BlackRock Inc. now owns 4,309,400 shares of the semiconductor company’s stock worth $719,455,000 after purchasing an additional 117,055 shares during the period. Great West Life Assurance Co. Can boosted its stake in Universal Display by 8.4% during the 1st quarter. Great West Life Assurance Co. Can now owns 24,038 shares of the semiconductor company’s stock worth $4,121,000 after purchasing an additional 1,860 shares during the period. Finally, Yousif Capital Management LLC boosted its stake in Universal Display by 1.1% during the 1st quarter. Yousif Capital Management LLC now owns 22,569 shares of the semiconductor company’s stock worth $3,768,000 after purchasing an additional 239 shares during the period. 73.43% of the stock is owned by hedge funds and other institutional investors.

Wall Street Analysts Forecast Growth

Several analysts have recently commented on OLED shares. Susquehanna upgraded shares of Universal Display from a “negative” rating to a “neutral” rating and raised their target price for the stock from $82.00 to $135.00 in a research note on Thursday. Citigroup reduced their target price on shares of Universal Display from $150.00 to $135.00 and set a “buy” rating for the company in a research note on Monday, November 21st. Cowen reduced their target price on shares of Universal Display from $145.00 to $130.00 in a research note on Friday, November 4th. StockNews.com started coverage on shares of Universal Display in a research note on Wednesday, October 12th. They issued a “hold” rating for the company. Finally, Needham & Company LLC reduced their target price on shares of Universal Display from $140.00 to $128.00 and set a “buy” rating for the company in a research note on Friday, November 4th. Three equities research analysts have rated the stock with a hold rating and four have given a buy rating to the company. Based on data from MarketBeat, Universal Display has a consensus rating of “Moderate Buy” and a consensus target price of $139.10.

Universal Display Trading Up 0.9 %

NASDAQ:OLED opened at $129.17 on Monday. The firm has a 50-day moving average price of $113.57 and a two-hundred day moving average price of $109.21. Universal Display Co. has a twelve month low of $89.41 and a twelve month high of $176.41. The company has a market capitalization of $6.10 billion, a P/E ratio of 32.29, a price-to-earnings-growth ratio of 1.77 and a beta of 1.39.

Universal Display (NASDAQ:OLEDGet Rating) last posted its earnings results on Thursday, November 3rd. The semiconductor company reported $1.12 earnings per share for the quarter, beating the consensus estimate of $0.90 by $0.22. Universal Display had a net margin of 32.13% and a return on equity of 16.56%. The firm had revenue of $160.56 million during the quarter, compared to the consensus estimate of $144.79 million. On average, equities research analysts predict that Universal Display Co. will post 3.99 earnings per share for the current year.

Universal Display Dividend Announcement

The firm also recently announced a quarterly dividend, which was paid on Friday, December 30th. Shareholders of record on Friday, December 16th were issued a dividend of $0.30 per share. The ex-dividend date was Thursday, December 15th. This represents a $1.20 annualized dividend and a yield of 0.93%. Universal Display’s dividend payout ratio (DPR) is currently 30.00%.

Universal Display Company Profile

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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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