Universal Display Co. (NASDAQ:OLED) Position Decreased by Cambridge Investment Research Advisors Inc.

Cambridge Investment Research Advisors Inc. trimmed its position in Universal Display Co. (NASDAQ:OLEDFree Report) by 9.8% in the 4th quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm owned 7,389 shares of the semiconductor company’s stock after selling 801 shares during the quarter. Cambridge Investment Research Advisors Inc.’s holdings in Universal Display were worth $1,413,000 at the end of the most recent quarter.

Other hedge funds and other institutional investors also recently made changes to their positions in the company. Benjamin F. Edwards & Company Inc. purchased a new stake in shares of Universal Display in the fourth quarter worth approximately $25,000. Orion Capital Management LLC purchased a new stake in shares of Universal Display in the third quarter worth approximately $31,000. Principal Securities Inc. purchased a new stake in shares of Universal Display in the fourth quarter worth approximately $34,000. Rise Advisors LLC purchased a new stake in shares of Universal Display in the fourth quarter worth approximately $57,000. Finally, SRS Capital Advisors Inc. lifted its position in shares of Universal Display by 282.7% in the fourth quarter. SRS Capital Advisors Inc. now owns 310 shares of the semiconductor company’s stock worth $59,000 after purchasing an additional 229 shares in the last quarter. 78.19% of the stock is currently owned by institutional investors and hedge funds.

Insider Transactions at Universal Display

In other news, SVP Mauro Premutico sold 8,202 shares of the firm’s stock in a transaction on Tuesday, May 7th. The shares were sold at an average price of $176.82, for a total value of $1,450,277.64. Following the sale, the senior vice president now owns 28,743 shares in the company, valued at $5,082,337.26. The sale was disclosed in a filing with the SEC, which is available at this hyperlink. In other Universal Display news, EVP Julia J. Brown sold 10,358 shares of Universal Display stock in a transaction on Wednesday, May 8th. The shares were sold at an average price of $175.00, for a total transaction of $1,812,650.00. Following the sale, the executive vice president now owns 56,624 shares in the company, valued at $9,909,200. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this link. Also, SVP Mauro Premutico sold 8,202 shares of Universal Display stock in a transaction on Tuesday, May 7th. The stock was sold at an average price of $176.82, for a total transaction of $1,450,277.64. Following the sale, the senior vice president now owns 28,743 shares in the company, valued at approximately $5,082,337.26. The disclosure for this sale can be found here. 1.90% of the stock is currently owned by corporate insiders.

Universal Display Stock Up 0.0 %

NASDAQ:OLED opened at $182.39 on Friday. Universal Display Co. has a 12 month low of $133.67 and a 12 month high of $194.84. The firm has a market cap of $8.65 billion, a price-to-earnings ratio of 39.65, a P/E/G ratio of 1.92 and a beta of 1.47. The company’s 50 day moving average is $167.28 and its 200-day moving average is $172.94.

Universal Display (NASDAQ:OLEDGet Free Report) last announced its quarterly earnings data on Thursday, May 2nd. The semiconductor company reported $1.19 earnings per share (EPS) for the quarter, topping the consensus estimate of $1.05 by $0.14. The business had revenue of $165.26 million for the quarter, compared to the consensus estimate of $150.75 million. Universal Display had a net margin of 36.00% and a return on equity of 15.57%. Universal Display’s quarterly revenue was up 26.7% on a year-over-year basis. During the same quarter last year, the company posted $0.83 earnings per share. Research analysts predict that Universal Display Co. will post 4.75 EPS for the current fiscal year.

Universal Display Announces Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Friday, June 28th. Stockholders of record on Friday, June 14th will be paid a $0.40 dividend. The ex-dividend date of this dividend is Friday, June 14th. This represents a $1.60 annualized dividend and a dividend yield of 0.88%. Universal Display’s payout ratio is 34.78%.

Analysts Set New Price Targets

OLED has been the topic of several recent research reports. Oppenheimer reaffirmed an “outperform” rating and set a $200.00 price objective (down previously from $210.00) on shares of Universal Display in a research report on Friday, February 23rd. TD Cowen raised their price objective on shares of Universal Display from $165.00 to $210.00 and gave the company an “outperform” rating in a research report on Friday, February 23rd. Finally, Needham & Company LLC reaffirmed a “buy” rating and set a $198.00 price objective on shares of Universal Display in a research report on Friday, May 3rd. Two analysts have rated the stock with a hold rating and six have assigned a buy rating to the company’s stock. According to MarketBeat, the stock has an average rating of “Moderate Buy” and a consensus target price of $199.86.

Check Out Our Latest Stock Report on OLED

Universal Display Profile

(Free Report)

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.

Further Reading

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

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