2,800 Shares in Universal Display Corporation (OLED) Acquired by Yorktown Management & Research Co Inc

Yorktown Management & Research Co Inc bought a new stake in Universal Display Corporation (NASDAQ:OLED) in the 2nd quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The fund bought 2,800 shares of the semiconductor company’s stock, valued at approximately $306,000.

Other hedge funds have also recently made changes to their positions in the company. Bank of America Corp DE raised its stake in Universal Display Corporation by 33.4% in the 1st quarter. Bank of America Corp DE now owns 72,951 shares of the semiconductor company’s stock valued at $6,281,000 after purchasing an additional 18,272 shares during the last quarter. Oppenheimer Asset Management Inc. acquired a new position in Universal Display Corporation in the 1st quarter valued at about $792,000. BKS Advisors LLC acquired a new position in Universal Display Corporation in the 2nd quarter valued at about $2,318,000. Russell Investments Group Ltd. raised its stake in Universal Display Corporation by 292.4% in the 1st quarter. Russell Investments Group Ltd. now owns 66,412 shares of the semiconductor company’s stock valued at $5,717,000 after purchasing an additional 49,488 shares during the last quarter. Finally, Westwood Management Corp IL raised its stake in Universal Display Corporation by 70.0% in the 2nd quarter. Westwood Management Corp IL now owns 17,000 shares of the semiconductor company’s stock valued at $1,857,000 after purchasing an additional 7,000 shares during the last quarter. 64.31% of the stock is owned by hedge funds and other institutional investors.

Several research analysts recently weighed in on the stock. Susquehanna Bancshares Inc reissued a “positive” rating and issued a $150.00 target price on shares of Universal Display Corporation in a research note on Tuesday, September 5th. Cowen and Company reissued a “buy” rating and issued a $140.00 target price on shares of Universal Display Corporation in a research note on Friday, September 8th. BidaskClub raised shares of Universal Display Corporation from a “buy” rating to a “strong-buy” rating in a research note on Friday, June 9th. Summit Redstone reissued a “hold” rating and issued a $95.00 target price on shares of Universal Display Corporation in a research note on Tuesday, August 1st. Finally, Zacks Investment Research downgraded shares of Universal Display Corporation from a “strong-buy” rating to a “hold” rating in a research note on Tuesday, July 18th. Six analysts have rated the stock with a hold rating, seven have assigned a buy rating and one has issued a strong buy rating to the stock. The stock presently has a consensus rating of “Buy” and an average price target of $119.89.

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In other Universal Display Corporation news, insider Julia J. Brown sold 10,000 shares of the firm’s stock in a transaction dated Wednesday, July 19th. The stock was sold at an average price of $125.00, for a total transaction of $1,250,000.00. Following the completion of the sale, the insider now directly owns 162,932 shares in the company, valued at approximately $20,366,500. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, CEO Steven V. Abramson sold 18,000 shares of the firm’s stock in a transaction dated Wednesday, July 19th. The stock was sold at an average price of $124.53, for a total value of $2,241,540.00. Following the sale, the chief executive officer now owns 262,888 shares of the company’s stock, valued at $32,737,442.64. The disclosure for this sale can be found here. Company insiders own 5.70% of the company’s stock.

Universal Display Corporation (OLED) traded up 0.08% on Friday, hitting $132.05. 821,396 shares of the stock were exchanged. The company’s 50-day moving average is $119.55 and its 200-day moving average is $106.78. Universal Display Corporation has a 52 week low of $47.88 and a 52 week high of $134.89. The company has a market cap of $6.21 billion, a PE ratio of 76.55 and a beta of 0.98.

Universal Display Corporation (NASDAQ:OLED) last released its quarterly earnings results on Thursday, August 3rd. The semiconductor company reported $0.99 earnings per share for the quarter, beating the Zacks’ consensus estimate of $0.68 by $0.31. Universal Display Corporation had a return on equity of 14.90% and a net margin of 31.15%. The business had revenue of $102.50 million during the quarter, compared to analyst estimates of $84.81 million. During the same quarter last year, the company posted $0.46 EPS. Universal Display Corporation’s revenue for the quarter was up 59.2% on a year-over-year basis. On average, analysts predict that Universal Display Corporation will post $2.14 earnings per share for the current year.

The firm also recently disclosed a quarterly dividend, which will be paid on Saturday, September 30th. Shareholders of record on Friday, September 15th will be given a dividend of $0.03 per share. The ex-dividend date is Thursday, September 14th. This represents a $0.12 dividend on an annualized basis and a yield of 0.09%. Universal Display Corporation’s payout ratio is presently 6.94%.

About Universal Display Corporation

Universal Display Corporation is engaged in the research, development and commercialization of organic light emitting diode (OLED), technologies and materials for use in display and solid-state lighting applications. The Company also supplies its OLED materials to manufacturers of OLED displays and lighting products for evaluation and for use in product development and for pre-commercial activities, and it also provides technical assistance and support to these manufacturers.

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

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