Rothschild Investment Corp IL reduced its position in Universal Display Corporation (NASDAQ:OLED) by 65.2% during the second quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The firm owned 5,950 shares of the semiconductor company’s stock after selling 11,160 shares during the period. Rothschild Investment Corp IL’s holdings in Universal Display Corporation were worth $650,000 as of its most recent filing with the SEC.
Other institutional investors have also recently modified their holdings of the company. Dubuque Bank & Trust Co. purchased a new position in shares of Universal Display Corporation during the first quarter worth about $125,000. FNY Partners Fund LP purchased a new position in shares of Universal Display Corporation during the first quarter worth about $146,000. Invictus RG purchased a new position in shares of Universal Display Corporation during the first quarter worth about $152,000. Foundry Partners LLC purchased a new position in shares of Universal Display Corporation during the first quarter worth about $208,000. Finally, Toronto Dominion Bank raised its position in shares of Universal Display Corporation by 63.3% in the first quarter. Toronto Dominion Bank now owns 2,450 shares of the semiconductor company’s stock worth $212,000 after buying an additional 950 shares during the period. Institutional investors own 69.40% of the company’s stock.
Universal Display Corporation (NASDAQ OLED) opened at 111.45 on Friday. The company has a 50 day moving average price of $116.92 and a 200 day moving average price of $97.77. The stock has a market cap of $5.24 billion, a price-to-earnings ratio of 64.61 and a beta of 1.05. Universal Display Corporation has a 52 week low of $47.88 and a 52 week high of $130.65.
Universal Display Corporation (NASDAQ:OLED) last posted its quarterly earnings results on Thursday, August 3rd. The semiconductor company reported $0.99 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.68 by $0.31. The firm had revenue of $102.50 million during the quarter, compared to analysts’ expectations of $84.81 million. Universal Display Corporation had a net margin of 31.15% and a return on equity of 14.90%. The firm’s revenue for the quarter was up 59.2% on a year-over-year basis. During the same period in the prior year, the company posted $0.46 earnings per share. Analysts expect that Universal Display Corporation will post $2.14 EPS for the current fiscal year.
The business also recently announced a quarterly dividend, which will be paid on Saturday, September 30th. Shareholders of record on Friday, September 15th will be issued a $0.03 dividend. The ex-dividend date is Thursday, September 14th. This represents a $0.12 dividend on an annualized basis and a yield of 0.11%. Universal Display Corporation’s dividend payout ratio (DPR) is presently 6.94%.
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A number of research firms have weighed in on OLED. Goldman Sachs Group, Inc. (The) reiterated a “buy” rating and set a $150.00 price objective (up previously from $140.00) on shares of Universal Display Corporation in a research note on Wednesday. Susquehanna Bancshares Inc reiterated a “positive” rating and set a $150.00 price objective (up previously from $120.00) on shares of Universal Display Corporation in a research note on Wednesday. Summit Redstone reiterated a “hold” rating and set a $95.00 price objective on shares of Universal Display Corporation in a research note on Tuesday, August 1st. Cowen and Company reiterated an “outperform” rating and set a $130.00 price objective on shares of Universal Display Corporation in a research note on Tuesday, August 1st. Finally, Oppenheimer Holdings, Inc. reiterated a “market perform” rating on shares of Universal Display Corporation in a research note on Wednesday. Six equities research analysts have rated the stock with a hold rating, six have issued a buy rating and one has issued a strong buy rating to the company’s stock. Universal Display Corporation currently has an average rating of “Buy” and an average target price of $118.00.
In other Universal Display Corporation news, Director Leonard Becker sold 3,750 shares of the stock in a transaction dated Wednesday, May 24th. The shares were sold at an average price of $114.24, for a total value of $428,400.00. Following the completion of the transaction, the director now directly owns 13,750 shares of the company’s stock, valued at $1,570,800. The sale was disclosed in a filing with the SEC, which is available at this link. Also, CEO Steven V. Abramson sold 18,000 shares of the stock in a transaction dated Wednesday, July 19th. The shares were sold at an average price of $124.53, for a total transaction of $2,241,540.00. Following the completion of the transaction, the chief executive officer now directly owns 262,888 shares of the company’s stock, valued at $32,737,442.64. The disclosure for this sale can be found here. Over the last ninety days, insiders sold 31,750 shares of company stock valued at $3,919,940. 5.70% of the stock is currently owned by corporate insiders.
About Universal Display Corporation
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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