Cambridge Investment Research Advisors Inc. Grows Position in Universal Display Co. (NASDAQ:OLED)

Cambridge Investment Research Advisors Inc. lifted its holdings in Universal Display Co. (NASDAQ:OLED) by 6.6% during the 1st quarter, according to its most recent disclosure with the SEC. The institutional investor owned 3,772 shares of the semiconductor company’s stock after acquiring an additional 233 shares during the period. Cambridge Investment Research Advisors Inc.’s holdings in Universal Display were worth $577,000 as of its most recent filing with the SEC.

Other hedge funds have also added to or reduced their stakes in the company. Ropes Wealth Advisors LLC acquired a new stake in Universal Display during the fourth quarter worth about $25,000. Pearl River Capital LLC grew its stake in Universal Display by 251.4% during the first quarter. Pearl River Capital LLC now owns 390 shares of the semiconductor company’s stock worth $60,000 after buying an additional 279 shares in the last quarter. Sontag Advisory LLC acquired a new stake in Universal Display during the fourth quarter worth about $37,000. Guidant Wealth Advisors acquired a new stake in Universal Display during the first quarter worth about $84,000. Finally, CI Investments Inc. acquired a new stake in Universal Display during the fourth quarter worth about $65,000. Institutional investors and hedge funds own 75.96% of the company’s stock.

OLED has been the topic of a number of analyst reports. ValuEngine upgraded shares of Universal Display from a “buy” rating to a “strong-buy” rating in a research note on Tuesday, March 5th. Zacks Investment Research upgraded shares of Universal Display from a “hold” rating to a “buy” rating and set a $174.00 price objective on the stock in a research note on Tuesday, March 26th. Deutsche Bank increased their price objective on shares of Universal Display to $140.00 in a research note on Friday, February 22nd. Roth Capital increased their price objective on shares of Universal Display from $128.00 to $172.00 and gave the stock a “buy” rating in a research note on Tuesday, February 26th. Finally, UBS Group reiterated an “outperform” rating and set a $140.00 price objective on shares of Universal Display in a research note on Friday, February 22nd. Four research analysts have rated the stock with a hold rating, seven have assigned a buy rating and two have issued a strong buy rating to the stock. The stock has a consensus rating of “Buy” and an average price target of $160.44.

In other news, VP Janice K. Mahon sold 20,819 shares of the firm’s stock in a transaction that occurred on Tuesday, May 7th. The shares were sold at an average price of $170.24, for a total value of $3,544,226.56. Following the sale, the vice president now directly owns 37,039 shares in the company, valued at approximately $6,305,519.36. The transaction was disclosed in a filing with the SEC, which is available at the SEC website. Also, Director Rosemarie B. Greco sold 4,425 shares of the firm’s stock in a transaction that occurred on Tuesday, May 7th. The shares were sold at an average price of $171.13, for a total transaction of $757,250.25. Following the completion of the sale, the director now owns 6,793 shares in the company, valued at $1,162,486.09. The disclosure for this sale can be found here. Over the last 90 days, insiders sold 64,359 shares of company stock worth $10,815,044. 3.70% of the stock is currently owned by corporate insiders.

OLED opened at $172.50 on Thursday. Universal Display Co. has a 1-year low of $78.75 and a 1-year high of $190.00. The company has a market capitalization of $8.14 billion, a PE ratio of 139.11, a P/E/G ratio of 2.21 and a beta of 1.44.

Universal Display (NASDAQ:OLED) last posted its quarterly earnings results on Thursday, May 2nd. The semiconductor company reported $0.66 earnings per share for the quarter, beating analysts’ consensus estimates of $0.26 by $0.40. Universal Display had a net margin of 28.93% and a return on equity of 12.35%. The company had revenue of $87.80 million for the quarter, compared to the consensus estimate of $64.59 million. During the same period last year, the company posted $0.13 EPS. The firm’s quarterly revenue was up 101.4% compared to the same quarter last year. Sell-side analysts anticipate that Universal Display Co. will post 2.44 earnings per share for the current year.

The business also recently declared a quarterly dividend, which will be paid on Friday, June 28th. Stockholders of record on Friday, June 14th will be paid a $0.10 dividend. The ex-dividend date of this dividend is Thursday, June 13th. This represents a $0.40 dividend on an annualized basis and a dividend yield of 0.23%. Universal Display’s payout ratio is currently 32.26%.

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About Universal Display

Universal Display Corporation engages in the research, development, and commercialization of organic light emitting diode (OLED) technologies and materials for use in flat panel displays and solid-state lighting applications. As of February 21, 2019, it owned or had exclusive and co-exclusive licenses, or had sole license rights with respect to approximately 5,000 issued and pending patents worldwide.

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

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