Universal Display Corporation (OLED) Shares Sold by Insight Capital Research & Management Inc.

Insight Capital Research & Management Inc. decreased its holdings in Universal Display Corporation (NASDAQ:OLED) by 54.5% in the third quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 5,821 shares of the semiconductor company’s stock after selling 6,974 shares during the quarter. Insight Capital Research & Management Inc.’s holdings in Universal Display were worth $750,000 as of its most recent filing with the Securities & Exchange Commission.

A number of other hedge funds have also made changes to their positions in the stock. Neuberger Berman Group LLC lifted its stake in Universal Display by 17.8% in the third quarter. Neuberger Berman Group LLC now owns 714,223 shares of the semiconductor company’s stock worth $92,028,000 after acquiring an additional 107,751 shares during the period. Griffin Asset Management Inc. lifted its position in Universal Display by 725.2% during the third quarter. Griffin Asset Management Inc. now owns 41,262 shares of the semiconductor company’s stock valued at $5,317,000 after buying an additional 36,262 shares during the period. California Public Employees Retirement System lifted its position in Universal Display by 4.3% during the third quarter. California Public Employees Retirement System now owns 76,562 shares of the semiconductor company’s stock valued at $9,865,000 after buying an additional 3,162 shares during the period. Janney Montgomery Scott LLC lifted its position in Universal Display by 31.5% during the third quarter. Janney Montgomery Scott LLC now owns 3,903 shares of the semiconductor company’s stock valued at $503,000 after buying an additional 936 shares during the period. Finally, Affinity Wealth Management purchased a new position in Universal Display during the third quarter valued at $495,000. 65.03% of the stock is owned by institutional investors.

In other news, Director Rosemarie B. Greco sold 1,250 shares of the firm’s stock in a transaction on Thursday, November 9th. The stock was sold at an average price of $168.63, for a total transaction of $210,787.50. Following the completion of the transaction, the director now directly owns 12,800 shares in the company, valued at $2,158,464. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, CFO Sidney D. Rosenblatt sold 50,240 shares of the firm’s stock in a transaction on Monday, September 18th. The shares were sold at an average price of $135.02, for a total value of $6,783,404.80. The disclosure for this sale can be found here. Insiders have sold 196,974 shares of company stock valued at $30,133,174 over the last 90 days. Corporate insiders own 5.20% of the company’s stock.

Universal Display Corporation (NASDAQ OLED) opened at $169.50 on Wednesday. Universal Display Corporation has a twelve month low of $55.30 and a twelve month high of $192.75. The firm has a market capitalization of $8,072.17, a price-to-earnings ratio of 84.12 and a beta of 1.06.

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

The business also recently declared a quarterly dividend, which will be paid on Friday, December 29th. Stockholders of record on Friday, December 15th will be issued a dividend of $0.03 per share. The ex-dividend date of this dividend is Thursday, December 14th. This represents a $0.12 annualized dividend and a dividend yield of 0.07%. Universal Display’s payout ratio is presently 5.88%.

Several equities analysts have commented on the company. Zacks Investment Research lowered Universal Display from a “buy” rating to a “hold” rating in a research report on Tuesday, November 14th. Evercore ISI assumed coverage on Universal Display in a research report on Thursday, November 30th. They set an “outperform” rating and a $225.00 price objective for the company. Cowen set a $140.00 price objective on Universal Display and gave the company a “buy” rating in a research report on Wednesday, October 11th. Needham & Company LLC reissued a “hold” rating on shares of Universal Display in a research report on Friday, November 3rd. Finally, Susquehanna Bancshares reissued a “positive” rating and set a $150.00 price objective on shares of Universal Display in a research report on Tuesday, September 5th. Eight analysts have rated the stock with a hold rating and seven have assigned a buy rating to the stock. Universal Display presently has an average rating of “Hold” and a consensus price target of $155.30.

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Universal Display Company 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.

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

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