Wafra Investment Advisory Group Inc. NY purchased a new position in shares of Universal Display Corporation (NASDAQ:OLED) during the second quarter, according to its most recent 13F filing with the SEC. The institutional investor purchased 32,129 shares of the semiconductor company’s stock, valued at approximately $3,510,000. Wafra Investment Advisory Group Inc. NY owned about 0.07% of Universal Display Corporation at the end of the most recent reporting period.
Other hedge funds and other institutional investors have also added to or reduced their stakes in the company. Mitra Capital LLC bought a new stake in Universal Display Corporation during the 2nd quarter worth approximately $109,000. IFP Advisors Inc grew its position in Universal Display Corporation by 307.5% during the 2nd quarter. IFP Advisors Inc now owns 1,080 shares of the semiconductor company’s stock worth $118,000 after acquiring an additional 815 shares during the last quarter. BNP Paribas Arbitrage SA grew its position in Universal Display Corporation by 79.4% during the 2nd quarter. BNP Paribas Arbitrage SA now owns 1,536 shares of the semiconductor company’s stock worth $168,000 after acquiring an additional 680 shares during the last quarter. FNY Partners Fund LP bought a new stake in Universal Display Corporation during the 1st quarter worth approximately $146,000. Finally, Invictus RG bought a new stake in Universal Display Corporation during the 1st quarter worth approximately $152,000. Institutional investors and hedge funds own 64.09% of the company’s stock.
In other news, CEO Steven V. Abramson sold 18,000 shares of the company’s stock in a transaction on 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 in the company, valued at $32,737,442.64. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. Also, insider Julia J. Brown sold 10,000 shares of the company’s stock in a transaction on Wednesday, July 19th. The stock was sold at an average price of $125.00, for a total transaction of $1,250,000.00. Following the transaction, the insider now owns 162,932 shares of the company’s stock, valued at $20,366,500. The disclosure for this sale can be found here. Insiders have sold 78,240 shares of company stock valued at $10,274,945 over the last quarter. Company insiders own 5.20% of the company’s stock.
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Shares of Universal Display Corporation (NASDAQ OLED) traded down 1.57% on Tuesday, reaching $128.25. The company’s stock had a trading volume of 322,436 shares. The firm has a 50 day moving average of $126.40 and a 200 day moving average of $112.56. Universal Display Corporation has a 52-week low of $47.88 and a 52-week high of $145.30. The company has a market cap of $6.03 billion, a PE ratio of 74.35 and a beta of 1.04.
Universal Display Corporation (NASDAQ:OLED) last announced 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 company had revenue of $102.50 million during the quarter, compared to the consensus estimate of $84.81 million. Universal Display Corporation had a net margin of 31.15% and a return on equity of 14.90%. The company’s revenue for the quarter was up 59.2% compared to the same quarter last year. During the same period in the prior year, the business earned $0.46 earnings per share. Analysts predict that Universal Display Corporation will post $2.14 earnings per share for the current year.
The business also recently declared a quarterly dividend, which was paid on Saturday, September 30th. Stockholders of record on Friday, September 15th were issued a dividend of $0.03 per share. The ex-dividend date was Thursday, September 14th. This represents a $0.12 annualized dividend and a dividend yield of 0.09%. Universal Display Corporation’s dividend payout ratio (DPR) is presently 6.94%.
Universal Display Corporation Profile
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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