Eaton Vance Management raised its holdings in Universal Display Co. (NASDAQ:OLED) by 221.8% during the 1st quarter, according to the company in its most recent Form 13F filing with the SEC. The fund owned 18,233 shares of the semiconductor company’s stock after purchasing an additional 12,567 shares during the quarter. Eaton Vance Management’s holdings in Universal Display were worth $1,842,000 at the end of the most recent reporting period.
A number of other large investors have also bought and sold shares of OLED. Bank of Montreal Can boosted its stake in shares of Universal Display by 281.4% during the 4th quarter. Bank of Montreal Can now owns 8,219 shares of the semiconductor company’s stock worth $1,420,000 after acquiring an additional 6,064 shares in the last quarter. Schwab Charles Investment Management Inc. boosted its stake in shares of Universal Display by 7.4% during the 4th quarter. Schwab Charles Investment Management Inc. now owns 185,690 shares of the semiconductor company’s stock worth $32,060,000 after acquiring an additional 12,816 shares in the last quarter. Fox Run Management L.L.C. purchased a new stake in shares of Universal Display during the 4th quarter worth about $355,000. State of Alaska Department of Revenue purchased a new stake in shares of Universal Display during the 4th quarter worth about $535,000. Finally, First Manhattan Co. boosted its stake in shares of Universal Display by 182.0% during the 4th quarter. First Manhattan Co. now owns 1,410 shares of the semiconductor company’s stock worth $243,000 after acquiring an additional 910 shares in the last quarter. 65.34% of the stock is currently owned by institutional investors.
Several equities research analysts have recently issued reports on the stock. Deutsche Bank reissued a “buy” rating and set a $190.00 target price on shares of Universal Display in a research note on Thursday, January 25th. Zacks Investment Research lowered shares of Universal Display from a “buy” rating to a “hold” rating in a research note on Saturday, January 27th. BidaskClub lowered shares of Universal Display from a “hold” rating to a “sell” rating in a research note on Friday, January 26th. Cowen set a $225.00 target price on shares of Universal Display and gave the stock a “buy” rating in a research note on Tuesday, February 20th. Finally, Needham & Company LLC raised shares of Universal Display from a “hold” rating to a “buy” rating and set a $180.00 target price on the stock in a research note on Tuesday, February 20th. They noted that the move was a valuation call. Two equities research analysts have rated the stock with a sell rating, three have assigned a hold rating and nine have issued a buy rating to the company’s stock. The company presently has a consensus rating of “Buy” and a consensus target price of $174.36.
Universal Display opened at $97.15 on Wednesday, according to Marketbeat. Universal Display Co. has a twelve month low of $86.85 and a twelve month high of $209.00. The stock has a market cap of $4.54 billion, a P/E ratio of 39.98 and a beta of 1.33.
Universal Display (NASDAQ:OLED) last released its quarterly earnings results on Thursday, May 3rd. The semiconductor company reported $0.13 earnings per share for the quarter, hitting the consensus estimate of $0.13. Universal Display had a net margin of 30.74% and a return on equity of 17.53%. The firm had revenue of $43.57 million during the quarter, compared to the consensus estimate of $50.85 million. During the same quarter in the prior year, the firm earned $0.22 EPS. The company’s revenue for the quarter was down 21.6% on a year-over-year basis. analysts forecast that Universal Display Co. will post 1.99 earnings per share for the current year.
The business also recently declared a quarterly dividend, which will be paid on Friday, June 29th. Investors of record on Friday, June 15th will be given a dividend of $0.06 per share. The ex-dividend date of this dividend is Thursday, June 14th. This represents a $0.24 annualized dividend and a dividend yield of 0.25%. Universal Display’s dividend payout ratio (DPR) is presently 9.88%.
In other Universal Display news, Director Richard C. Elias sold 2,250 shares of the stock in a transaction dated Wednesday, February 28th. The shares were sold at an average price of $129.60, for a total value of $291,600.00. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, Director Elizabeth H. Gemmill sold 2,500 shares of the stock in a transaction dated Thursday, March 15th. The shares were sold at an average price of $124.07, for a total transaction of $310,175.00. The disclosure for this sale can be found here. 4.00% of the stock is owned by corporate insiders.
Universal Display Company Profile
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 22, 2018, it owned or had exclusive and co-exclusive licenses, or had sole license rights with respect to approximately 4,500 issued and pending patents worldwide.
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