Founders Financial Alliance LLC Buys Shares of 1,050 Universal Display Co. (NASDAQ:OLED)

Founders Financial Alliance LLC bought a new stake in Universal Display Co. (NASDAQ:OLED) during the 4th quarter, Holdings Channel reports. The firm bought 1,050 shares of the semiconductor company’s stock, valued at approximately $201,000.

Several other institutional investors and hedge funds also recently bought and sold shares of OLED. Treasurer of the State of North Carolina lifted its holdings in shares of Universal Display by 0.5% in the 3rd quarter. Treasurer of the State of North Carolina now owns 20,516 shares of the semiconductor company’s stock worth $3,221,000 after acquiring an additional 100 shares during the last quarter. CWM LLC lifted its holdings in shares of Universal Display by 21.0% in the 4th quarter. CWM LLC now owns 606 shares of the semiconductor company’s stock worth $116,000 after acquiring an additional 105 shares during the last quarter. Brown Advisory Inc. lifted its holdings in shares of Universal Display by 7.0% in the 4th quarter. Brown Advisory Inc. now owns 1,736 shares of the semiconductor company’s stock worth $332,000 after acquiring an additional 114 shares during the last quarter. Envestnet Portfolio Solutions Inc. lifted its holdings in shares of Universal Display by 8.1% in the 4th quarter. Envestnet Portfolio Solutions Inc. now owns 1,565 shares of the semiconductor company’s stock worth $299,000 after acquiring an additional 117 shares during the last quarter. Finally, Benjamin F. Edwards & Company Inc. acquired a new position in shares of Universal Display in the 4th quarter worth approximately $25,000. 78.19% of the stock is currently owned by institutional investors and hedge funds.

Insider Activity at Universal Display

In related news, SVP Mauro Premutico sold 8,202 shares of the 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 transaction, the senior vice president now directly owns 28,743 shares of the company’s stock, valued at approximately $5,082,337.26. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this link. In related news, SVP Mauro Premutico sold 8,202 shares of the 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 transaction, the senior vice president now directly owns 28,743 shares of the company’s stock, valued at approximately $5,082,337.26. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this link. Also, EVP Julia J. Brown sold 10,358 shares of the 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 completion of the transaction, the executive vice president now directly owns 56,624 shares in the company, valued at $9,909,200. The disclosure for this sale can be found here. Insiders own 1.90% of the company’s stock.

Universal Display Stock Performance

Shares of NASDAQ:OLED traded up $2.23 during trading hours on Friday, reaching $176.59. The stock had a trading volume of 266,853 shares, compared to its average volume of 299,558. Universal Display Co. has a 1 year low of $133.67 and a 1 year high of $194.84. The firm’s 50 day moving average is $165.02 and its 200-day moving average is $171.84. The stock has a market capitalization of $8.38 billion, a price-to-earnings ratio of 38.39, a P/E/G ratio of 1.91 and a beta of 1.44.

Universal Display (NASDAQ:OLED) last announced its quarterly earnings data on Thursday, May 2nd. The semiconductor company reported $1.19 EPS for the quarter, beating analysts’ consensus estimates of $1.05 by $0.14. Universal Display had a net margin of 36.00% and a return on equity of 15.57%. The company had revenue of $165.26 million for the quarter, compared to the consensus estimate of $150.75 million. During the same period in the prior year, the firm posted $0.83 EPS. The company’s quarterly revenue was up 26.7% compared to the same quarter last year. Analysts forecast that Universal Display Co. will post 4.76 EPS for the current year.

Universal Display Dividend Announcement

The business also recently announced a quarterly dividend, which will be paid on Friday, June 28th. Investors of record on Friday, June 14th will be given a $0.40 dividend. This represents a $1.60 dividend on an annualized basis and a dividend yield of 0.91%. The ex-dividend date is Friday, June 14th. Universal Display’s dividend payout ratio (DPR) is 34.78%.

Analyst Ratings Changes

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

Universal Display 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.