Janus Henderson Group PLC Has $20.66 Million Stake in Universal Display Corporation $OLED

Janus Henderson Group PLC reduced its position in Universal Display Corporation (NASDAQ:OLED) by 64.6% in the 1st quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The firm owned 225,635 shares of the semiconductor company’s stock after selling 412,610 shares during the quarter. Janus Henderson Group PLC’s holdings in Universal Display were worth $20,665,000 at the end of the most recent quarter.

A number of other institutional investors have also recently bought and sold shares of OLED. Measured Wealth Private Client Group LLC bought a new stake in Universal Display in the 3rd quarter valued at $33,000. Canada Pension Plan Investment Board acquired a new position in shares of Universal Display in the 2nd quarter valued at $62,000. RHL Group LLC bought a new position in shares of Universal Display during the 4th quarter worth about $60,000. UMB Bank n.a. lifted its holdings in shares of Universal Display by 28.3% during the 4th quarter. UMB Bank n.a. now owns 549 shares of the semiconductor company’s stock worth $64,000 after acquiring an additional 121 shares during the period. Finally, Eurizon Capital SGR S.p.A. acquired a new stake in shares of Universal Display during the 4th quarter valued at about $75,000. Institutional investors and hedge funds own 78.19% of the company’s stock.

Universal Display Stock Down 0.5%

NASDAQ:OLED opened at $79.78 on Tuesday. The firm has a market cap of $3.73 billion, a PE ratio of 19.32 and a beta of 1.54. Universal Display Corporation has a 12 month low of $76.42 and a 12 month high of $153.38. The company’s 50-day moving average price is $85.15 and its two-hundred day moving average price is $96.62.

Universal Display (NASDAQ:OLED) last posted its quarterly earnings data on Thursday, July 30th. The semiconductor company reported $1.06 earnings per share for the quarter, topping the consensus estimate of $1.03 by $0.03. Universal Display had a net margin of 32.24% and a return on equity of 11.35%. The company had revenue of $152.16 million during the quarter, compared to analyst estimates of $157.54 million. During the same quarter last year, the business posted $1.41 earnings per share. The company’s revenue was down 11.4% on a year-over-year basis. On average, research analysts expect that Universal Display Corporation will post 4.2 EPS for the current fiscal year.

Universal Display Dividend Announcement

The firm also recently declared a quarterly dividend, which will be paid on Wednesday, September 30th. Investors of record on Wednesday, September 16th will be given a dividend of $0.50 per share. The ex-dividend date is Wednesday, September 16th. This represents a $2.00 dividend on an annualized basis and a yield of 2.5%. Universal Display’s dividend payout ratio is 48.43%.

Analysts Set New Price Targets

A number of analysts recently weighed in on the stock. Oppenheimer reissued an “outperform” rating and issued a $120.00 target price (down from $130.00) on shares of Universal Display in a research note on Friday. Weiss Ratings downgraded Universal Display from a “hold (c-)” rating to a “sell (d+)” rating in a report on Tuesday, July 28th. Susquehanna decreased their price objective on Universal Display from $110.00 to $90.00 and set a “neutral” rating on the stock in a report on Friday. Zacks Research lowered Universal Display from a “hold” rating to a “strong sell” rating in a research note on Tuesday, April 21st. Finally, Needham & Company LLC dropped their target price on Universal Display from $120.00 to $100.00 and set a “buy” rating for the company in a report on Friday. Three equities research analysts have rated the stock with a Buy rating, three have given a Hold rating and two have given a Sell rating to the stock. According to MarketBeat.com, the company presently has an average rating of “Hold” and an average price target of $116.33.

Universal Display Profile

Universal Display Corporation (NASDAQ: OLED) is a technology company specializing in organic light-emitting diode (OLED) solutions. The company develops and commercializes materials, technologies and software used in the creation of OLED displays and lighting. Its offerings include proprietary phosphorescent OLED (PHOLED) materials, display driver integrated circuits and process technologies that enable higher efficiency, longer lifetimes and improved color performance for a range of display and lighting applications.

Universal Display’s core business is licensing its extensive OLED patent portfolio to display manufacturers and providing them with the key organic materials needed for device fabrication.