Los Angeles Capital Management & Equity Research Inc. Invests $384,000 in Universal Display Corporation (OLED)

Los Angeles Capital Management & Equity Research Inc. acquired a new stake in shares of Universal Display Corporation (NASDAQ:OLED) during the 3rd quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The firm acquired 2,980 shares of the semiconductor company’s stock, valued at approximately $384,000.

Several other institutional investors have also added to or reduced their stakes in OLED. Bank of Montreal Can boosted its position in shares of Universal Display by 214.7% during the second quarter. Bank of Montreal Can now owns 6,010 shares of the semiconductor company’s stock valued at $656,000 after buying an additional 4,100 shares during the last quarter. Aperio Group LLC boosted its position in shares of Universal Display by 19.0% during the second quarter. Aperio Group LLC now owns 9,685 shares of the semiconductor company’s stock valued at $1,058,000 after buying an additional 1,545 shares during the last quarter. Public Employees Retirement Association of Colorado boosted its position in shares of Universal Display by 14.8% during the second quarter. Public Employees Retirement Association of Colorado now owns 10,156 shares of the semiconductor company’s stock valued at $1,110,000 after buying an additional 1,308 shares during the last quarter. Janney Montgomery Scott LLC boosted its position in shares of Universal Display by 19.5% during the second quarter. Janney Montgomery Scott LLC now owns 2,967 shares of the semiconductor company’s stock valued at $324,000 after buying an additional 485 shares during the last quarter. Finally, Daiwa Securities Group Inc. purchased a new stake in shares of Universal Display during the second quarter valued at $197,000. 64.96% of the stock is currently owned by institutional investors.

Universal Display Corporation (NASDAQ OLED) opened at $176.70 on Friday. Universal Display Corporation has a 1-year low of $53.65 and a 1-year high of $192.75. The firm has a market capitalization of $8,312.14, a PE ratio of 86.62 and a beta of 1.05.

Universal Display (NASDAQ:OLED) last posted its earnings results on Thursday, November 2nd. The semiconductor company reported $0.28 earnings per share for the quarter, beating analysts’ consensus estimates of $0.09 by $0.19. Universal Display had a return on equity of 16.67% and a net margin of 32.92%. The company had revenue of $61.70 million for the quarter, compared to the consensus estimate of $47.35 million. During the same quarter in the prior year, the company earned ($0.03) earnings per share. Universal Display’s revenue was up 104.3% on a year-over-year basis. equities analysts anticipate that Universal Display Corporation will post 2.33 earnings per share for the current fiscal year.

The company also recently announced a quarterly dividend, which will be paid on Friday, December 29th. Shareholders of record on Friday, December 15th will be issued a $0.03 dividend. This represents a $0.12 dividend on an annualized basis and a yield of 0.07%. The ex-dividend date is Thursday, December 14th. Universal Display’s dividend payout ratio is 5.88%.

In other Universal Display news, Director Rosemarie B. Greco sold 1,250 shares of the stock in a transaction dated Thursday, November 9th. The stock was sold at an average price of $168.63, for a total value of $210,787.50. Following the transaction, the director now owns 12,800 shares of the company’s stock, valued at $2,158,464. The transaction was disclosed in a filing with the SEC, which can be accessed through this hyperlink. Also, insider Steven V. Abramson sold 18,744 shares of the stock in a transaction dated Monday, November 6th. The shares were sold at an average price of $158.40, for a total value of $2,969,049.60. The disclosure for this sale can be found here. In the last three months, insiders sold 196,974 shares of company stock worth $30,133,174. 5.20% of the stock is owned by corporate insiders.

Several equities research analysts recently commented on OLED shares. Zacks Investment Research raised Universal Display from a “hold” rating to a “strong-buy” rating and set a $168.00 price objective on the stock in a research report on Thursday, November 2nd. Cowen reaffirmed a “buy” rating and set a $140.00 price objective on shares of Universal Display in a research report on Friday, September 8th. Gabelli cut Universal Display from a “buy” rating to a “hold” rating and set a $134.00 price objective on the stock. in a research report on Friday, November 3rd. Deutsche Bank started coverage on Universal Display in a research report on Wednesday, August 30th. They set a “buy” rating and a $135.00 price objective on the stock. Finally, Goldman Sachs Group reaffirmed a “buy” rating and set a $161.00 price objective (up from $150.00) on shares of Universal Display in a research report on Monday, September 18th. Eight research analysts have rated the stock with a hold rating and seven have assigned a buy rating to the stock. The company currently has an average rating of “Hold” and an average price target of $151.30.

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Universal Display 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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Institutional Ownership by Quarter for Universal Display (NASDAQ:OLED)

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