Janney Montgomery Scott LLC Has $540,000 Stock Position in Universal Display Co. (NASDAQ:OLED)

Janney Montgomery Scott LLC lessened its holdings in shares of Universal Display Co. (NASDAQ:OLEDGet Rating) by 2.3% during the third quarter, according to the company in its most recent Form 13F filing with the SEC. The firm owned 5,727 shares of the semiconductor company’s stock after selling 134 shares during the period. Janney Montgomery Scott LLC’s holdings in Universal Display were worth $540,000 as of its most recent filing with the SEC.

Several other institutional investors also recently modified their holdings of OLED. State of Alaska Department of Revenue boosted its position in shares of Universal Display by 2.0% during the 2nd quarter. State of Alaska Department of Revenue now owns 6,223 shares of the semiconductor company’s stock worth $629,000 after purchasing an additional 120 shares in the last quarter. Synovus Financial Corp raised its stake in Universal Display by 2.2% during the 2nd quarter. Synovus Financial Corp now owns 6,069 shares of the semiconductor company’s stock worth $620,000 after buying an additional 129 shares during the period. Zurcher Kantonalbank Zurich Cantonalbank boosted its holdings in Universal Display by 1.0% in the second quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 13,776 shares of the semiconductor company’s stock worth $1,393,000 after acquiring an additional 135 shares in the last quarter. Cardinal Capital Management boosted its holdings in Universal Display by 2.2% in the third quarter. Cardinal Capital Management now owns 6,798 shares of the semiconductor company’s stock worth $641,000 after acquiring an additional 149 shares in the last quarter. Finally, Crossmark Global Holdings Inc. grew its stake in Universal Display by 3.1% in the second quarter. Crossmark Global Holdings Inc. now owns 5,066 shares of the semiconductor company’s stock valued at $513,000 after acquiring an additional 150 shares during the period. Institutional investors own 73.43% of the company’s stock.

Analyst Upgrades and Downgrades

A number of equities analysts have recently weighed in on the company. Susquehanna raised Universal Display from a “negative” rating to a “neutral” rating and upped their target price for the stock from $82.00 to $135.00 in a research report on Thursday. Needham & Company LLC dropped their price objective on shares of Universal Display from $140.00 to $128.00 and set a “buy” rating on the stock in a research note on Friday, November 4th. The Goldman Sachs Group reduced their price objective on shares of Universal Display from $185.00 to $158.00 and set a “buy” rating for the company in a report on Friday, November 4th. Citigroup lowered their target price on shares of Universal Display from $150.00 to $135.00 and set a “buy” rating on the stock in a report on Monday, November 21st. Finally, Oppenheimer cut their price target on Universal Display from $150.00 to $135.00 in a research note on Friday, November 4th. Three research analysts have rated the stock with a hold rating and four have issued a buy rating to the company’s stock. Based on data from MarketBeat.com, the stock has an average rating of “Moderate Buy” and an average price target of $139.10.

Universal Display Stock Performance

Universal Display stock opened at $129.17 on Monday. Universal Display Co. has a fifty-two week low of $89.41 and a fifty-two week high of $176.41. The firm’s 50-day simple moving average is $113.57 and its 200 day simple moving average is $109.21. The stock has a market cap of $6.10 billion, a PE ratio of 32.29, a price-to-earnings-growth ratio of 1.77 and a beta of 1.40.

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

Universal Display Dividend Announcement

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

Universal Display Company Profile

(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.

Further Reading

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

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