Universal Display Corporation $OLED Stock Bought by Vestor Capital LLC

Vestor Capital LLC lifted its position in shares of Universal Display Corporation (NASDAQ:OLED) by 3,420.6% in the third quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor owned 13,695 shares of the semiconductor company’s stock after buying an additional 13,306 shares during the quarter. Vestor Capital LLC’s holdings in Universal Display were worth $1,055,000 at the end of the most recent quarter.

A number of other institutional investors have also modified their holdings of OLED. State of Michigan Retirement System boosted its position in Universal Display by 1.9% during the first quarter. State of Michigan Retirement System now owns 10,605 shares of the semiconductor company’s stock worth $972,000 after acquiring an additional 200 shares during the last quarter. Lido Advisors LLC raised its holdings in Universal Display by 5.1% in the 1st quarter. Lido Advisors LLC now owns 6,081 shares of the semiconductor company’s stock valued at $557,000 after acquiring an additional 296 shares during the last quarter. Oregon Public Employees Retirement Fund raised its holdings in Universal Display by 3.4% in the 1st quarter. Oregon Public Employees Retirement Fund now owns 9,083 shares of the semiconductor company’s stock valued at $833,000 after acquiring an additional 300 shares during the last quarter. Swiss National Bank raised its holdings in Universal Display by 0.3% in the 1st quarter. Swiss National Bank now owns 89,400 shares of the semiconductor company’s stock valued at $8,194,000 after acquiring an additional 300 shares during the last quarter. Finally, Parallel Advisors LLC lifted its stake in shares of Universal Display by 45.6% during the 1st quarter. Parallel Advisors LLC now owns 1,009 shares of the semiconductor company’s stock worth $92,000 after purchasing an additional 316 shares during the period. Institutional investors and hedge funds own 78.19% of the company’s stock.

Universal Display Stock Up 1.9%

OLED stock opened at $90.01 on Tuesday. The company has a market cap of $4.05 billion, a price-to-earnings ratio of 18.26 and a beta of 1.51. The business has a fifty day simple moving average of $81.14 and a 200-day simple moving average of $91.30. Universal Display Corporation has a 52 week low of $70.77 and a 52 week high of $134.60.

Universal Display (NASDAQ:OLED) last issued its earnings results on Wednesday, October 28th. The semiconductor company reported $1.23 earnings per share for the quarter, topping the consensus estimate of $1.13 by $0.10. Universal Display had a return on equity of 12.20% and a net margin of 36.74%. The business had revenue of $160.43 million for the quarter, compared to analyst estimates of $162.72 million. During the same period last year, the company posted $0.92 EPS. The business’s quarterly revenue was up 14.9% on a year-over-year basis. As a group, analysts expect that Universal Display Corporation will post 4.43 earnings per share for the current fiscal year.

Universal Display Announces Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Thursday, December 31st. Stockholders of record on Thursday, December 17th will be issued a $0.50 dividend. This represents a $2.00 dividend on an annualized basis and a dividend yield of 2.2%. The ex-dividend date is Thursday, December 17th. Universal Display’s dividend payout ratio (DPR) is 40.57%.

Analysts Set New Price Targets

A number of equities research analysts have recently commented on OLED shares. Susquehanna lifted their price objective on Universal Display from $90.00 to $95.00 and gave the company a “neutral” rating in a research report on Thursday, October 29th. Needham & Company LLC reduced their target price on Universal Display from $120.00 to $100.00 and set a “buy” rating on the stock in a research report on Friday, July 31st. Zacks Research upgraded Universal Display from a “strong sell” rating to a “hold” rating in a research report on Thursday, August 13th. Citigroup lowered Universal Display from a “neutral” rating to a “sell” rating and decreased their price target for the stock from $85.00 to $71.00 in a research note on Thursday, October 8th. Finally, Oppenheimer lowered their price target on Universal Display from $120.00 to $115.00 and set an “outperform” rating for the company in a report on Thursday, October 29th. Three investment analysts have rated the stock with a Buy rating, three have issued a Hold rating and two have issued a Sell rating to the stock. According to MarketBeat, the company currently has a consensus rating of “Hold” and a consensus target price of $114.00.

About Universal Display

Universal Display Corporation develops and commercializes technologies and materials used in organic light-emitting diode (OLED) displays and lighting. Its business focuses on licensing its OLED-related intellectual property and selling proprietary OLED materials to manufacturers and other industry participants.

The company is known for its phosphorescent OLED technology, marketed as UniversalPHOLED, which enables OLED devices to produce light efficiently. Its offerings include phosphorescent emitter materials and related technologies, supported by ongoing research and development.