Universal Display Co. (NASDAQ:OLED) Shares Bought by Swedbank AB

Swedbank AB grew its position in shares of Universal Display Co. (NASDAQ:OLED) by 14.9% during the third quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 5,364 shares of the semiconductor company’s stock after purchasing an additional 696 shares during the period. Swedbank AB’s holdings in Universal Display were worth $1,126,000 as of its most recent SEC filing.

A number of other large investors also recently added to or reduced their stakes in OLED. Assetmark Inc. acquired a new position in Universal Display during the third quarter worth $29,000. V Square Quantitative Management LLC purchased a new stake in shares of Universal Display during the third quarter worth $31,000. Nisa Investment Advisors LLC increased its position in shares of Universal Display by 60.2% during the third quarter. Nisa Investment Advisors LLC now owns 173 shares of the semiconductor company’s stock worth $36,000 after acquiring an additional 65 shares during the period. Itau Unibanco Holding S.A. purchased a new stake in shares of Universal Display during the second quarter worth $44,000. Finally, Tortoise Investment Management LLC purchased a new stake in shares of Universal Display during the second quarter worth $47,000. 78.19% of the stock is currently owned by institutional investors and hedge funds.

Insider Buying and Selling at Universal Display

In related news, Director Lawrence Lacerte acquired 742 shares of the firm’s stock in a transaction on Monday, November 4th. The stock was bought at an average price of $180.89 per share, for a total transaction of $134,220.38. Following the completion of the purchase, the director now directly owns 122,372 shares of the company’s stock, valued at approximately $22,135,871.08. The trade was a 0.61 % increase in their position. The transaction was disclosed in a filing with the SEC, which is accessible through this hyperlink. 1.90% of the stock is currently owned by insiders.

Analysts Set New Price Targets

A number of analysts have recently weighed in on OLED shares. TD Cowen cut their price objective on Universal Display from $250.00 to $225.00 and set a “buy” rating on the stock in a research report on Thursday, October 31st. Oppenheimer cut their price objective on Universal Display from $240.00 to $220.00 and set an “outperform” rating on the stock in a research report on Thursday, October 31st. Needham & Company LLC cut their price objective on Universal Display from $242.00 to $215.00 and set a “buy” rating on the stock in a research report on Thursday, October 31st. Roth Mkm upped their price objective on Universal Display from $189.00 to $217.00 and gave the stock a “buy” rating in a research report on Friday, August 2nd. Finally, Susquehanna increased their target price on Universal Display from $170.00 to $175.00 and gave the company a “neutral” rating in a report on Friday, August 2nd. Two analysts have rated the stock with a hold rating and six have assigned a buy rating to the company’s stock. According to data from MarketBeat.com, Universal Display presently has an average rating of “Moderate Buy” and an average price target of $215.63.

Universal Display Price Performance

NASDAQ:OLED opened at $161.17 on Thursday. Universal Display Co. has a 12 month low of $148.75 and a 12 month high of $237.00. The firm has a market capitalization of $7.65 billion, a PE ratio of 32.60, a price-to-earnings-growth ratio of 1.81 and a beta of 1.43. The business’s fifty day moving average price is $193.77 and its 200 day moving average price is $195.69.

Universal Display (NASDAQ:OLED) last released its quarterly earnings data on Wednesday, October 30th. The semiconductor company reported $1.40 earnings per share (EPS) for the quarter, beating the consensus estimate of $1.19 by $0.21. Universal Display had a net margin of 36.98% and a return on equity of 15.75%. The company had revenue of $161.63 million during the quarter, compared to the consensus estimate of $165.28 million. During the same quarter in the prior year, the firm posted $1.08 earnings per share. Universal Display’s revenue for the quarter was up 14.6% on a year-over-year basis. As a group, equities analysts anticipate that Universal Display Co. will post 4.8 EPS for the current year.

Universal Display Dividend Announcement

The business also recently disclosed a quarterly dividend, which will be paid on Tuesday, December 31st. Shareholders of record on Tuesday, December 17th will be paid a $0.40 dividend. The ex-dividend date is Tuesday, December 17th. This represents a $1.60 annualized dividend and a yield of 0.99%. Universal Display’s dividend payout ratio is presently 32.13%.

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.