Newbrook Capital Advisors LP boosted its holdings in Universal Display Co. (NASDAQ:OLED) by 0.2% during the 4th quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The institutional investor owned 616,897 shares of the semiconductor company’s stock after acquiring an additional 985 shares during the quarter. Universal Display comprises about 7.2% of Newbrook Capital Advisors LP’s investment portfolio, making the stock its 5th biggest holding. Newbrook Capital Advisors LP owned 1.31% of Universal Display worth $106,507,000 at the end of the most recent quarter.
A number of other institutional investors have also modified their holdings of the business. Ladenburg Thalmann Financial Services Inc. raised its holdings in Universal Display by 14.5% during the 4th quarter. Ladenburg Thalmann Financial Services Inc. now owns 5,762 shares of the semiconductor company’s stock worth $995,000 after buying an additional 731 shares during the period. G&S Capital LLC acquired a new stake in Universal Display during the 4th quarter worth about $508,000. TIAA CREF Investment Management LLC raised its holdings in Universal Display by 10.8% during the 4th quarter. TIAA CREF Investment Management LLC now owns 321,167 shares of the semiconductor company’s stock worth $55,449,000 after buying an additional 31,258 shares during the period. Captrust Financial Advisors acquired a new stake in Universal Display during the 4th quarter worth about $193,000. Finally, Hanseatic Management Services Inc. raised its holdings in Universal Display by 14.7% during the 4th quarter. Hanseatic Management Services Inc. now owns 2,865 shares of the semiconductor company’s stock worth $495,000 after buying an additional 368 shares during the period. Hedge funds and other institutional investors own 63.24% of the company’s stock.
A number of brokerages have recently weighed in on OLED. Zacks Investment Research upgraded Universal Display from a “hold” rating to a “buy” rating and set a $195.00 target price on the stock in a report on Thursday, January 4th. Deutsche Bank upped their target price on Universal Display to $190.00 and gave the company a “buy” rating in a report on Friday, December 8th. Needham & Company LLC upgraded Universal Display from a “hold” rating to a “buy” rating and set a $180.00 target price on the stock in a report on Tuesday, February 20th. They noted that the move was a valuation call. Cowen set a $225.00 target price on Universal Display and gave the company a “buy” rating in a report on Tuesday, February 20th. Finally, BidaskClub downgraded Universal Display from a “buy” rating to a “hold” rating in a report on Wednesday, December 6th. Three analysts have rated the stock with a sell rating, six have issued a hold rating and six have issued a buy rating to the company. The stock has an average rating of “Hold” and a consensus target price of $167.09.
In related news, Chairman Sherwin I. Seligsohn sold 50,000 shares of the business’s stock in a transaction that occurred on Friday, January 12th. The stock was sold at an average price of $200.00, for a total value of $10,000,000.00. Following the completion of the sale, the chairman now owns 143,119 shares of the company’s stock, valued at approximately $28,623,800. The sale was disclosed in a document filed with the SEC, which is available at this link. Also, Director Richard C. Elias sold 2,250 shares of the business’s stock in a transaction that occurred on Wednesday, February 28th. The shares were sold at an average price of $129.60, for a total value of $291,600.00. The disclosure for this sale can be found here. Insiders own 5.20% of the company’s stock.
Shares of Universal Display Co. (NASDAQ:OLED) opened at $126.70 on Wednesday. The company has a market capitalization of $5,940.00, a P/E ratio of 51.32 and a beta of 1.08. Universal Display Co. has a 12 month low of $79.55 and a 12 month high of $209.00.
Universal Display (NASDAQ:OLED) last announced its quarterly earnings results on Thursday, February 22nd. The semiconductor company reported $0.93 EPS for the quarter, beating the Thomson Reuters’ consensus estimate of $0.82 by $0.11. The business had revenue of $115.87 million during the quarter, compared to analysts’ expectations of $99.55 million. Universal Display had a return on equity of 18.80% and a net margin of 30.95%. The firm’s quarterly revenue was up 55.3% compared to the same quarter last year. During the same quarter in the previous year, the business posted $0.55 EPS. equities analysts anticipate that Universal Display Co. will post 2.66 earnings per share for the current year.
The company also recently declared a quarterly dividend, which will be paid on Friday, March 30th. Investors of record on Thursday, March 15th will be paid a $0.06 dividend. This is a boost from Universal Display’s previous quarterly dividend of $0.03. The ex-dividend date of this dividend is Wednesday, March 14th. This represents a $0.24 annualized dividend and a dividend yield of 0.19%. Universal Display’s payout ratio is presently 4.88%.
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About Universal Display
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.
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