Universal Display Co. (NASDAQ:OLED) Shares Sold by AEGON ASSET MANAGEMENT UK Plc

AEGON ASSET MANAGEMENT UK Plc decreased its stake in shares of Universal Display Co. (NASDAQ:OLED - Free Report) by 48.0% during the 3rd quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 76,320 shares of the semiconductor company's stock after selling 70,377 shares during the quarter. AEGON ASSET MANAGEMENT UK Plc owned approximately 0.16% of Universal Display worth $16,009,000 as of its most recent SEC filing.

A number of other hedge funds also recently bought and sold shares of the stock. Vanguard Group Inc. increased its holdings in Universal Display by 1.1% in the first quarter. Vanguard Group Inc. now owns 4,567,374 shares of the semiconductor company's stock valued at $769,374,000 after buying an additional 50,233 shares during the last quarter. Primecap Management Co. CA boosted its position in shares of Universal Display by 0.4% during the 2nd quarter. Primecap Management Co. CA now owns 1,895,017 shares of the semiconductor company's stock worth $398,427,000 after acquiring an additional 7,435 shares in the last quarter. Kayne Anderson Rudnick Investment Management LLC purchased a new position in shares of Universal Display in the 2nd quarter valued at about $127,668,000. Van ECK Associates Corp raised its position in shares of Universal Display by 27.2% during the 3rd quarter. Van ECK Associates Corp now owns 507,440 shares of the semiconductor company's stock worth $101,914,000 after acquiring an additional 108,394 shares in the last quarter. Finally, Dimensional Fund Advisors LP lifted its stake in Universal Display by 27.3% during the second quarter. Dimensional Fund Advisors LP now owns 469,570 shares of the semiconductor company's stock worth $98,725,000 after purchasing an additional 100,809 shares during the last quarter. Institutional investors and hedge funds own 78.19% of the company's stock.

Universal Display Price Performance

Shares of OLED stock traded down $3.58 during mid-day trading on Friday, hitting $179.88. The stock had a trading volume of 530,464 shares, compared to its average volume of 371,802. Universal Display Co. has a fifty-two week low of $148.18 and a fifty-two week high of $237.00. The company's 50-day simple moving average is $200.48 and its 200-day simple moving average is $194.98. The firm has a market cap of $8.54 billion, a PE ratio of 36.12, a PEG ratio of 1.99 and a beta of 1.43.

Universal Display (NASDAQ:OLED - Get Free Report) last released its earnings results on Wednesday, October 30th. The semiconductor company reported $1.40 earnings per share (EPS) for the quarter, topping the consensus estimate of $1.19 by $0.21. Universal Display had a return on equity of 15.75% and a net margin of 36.98%. The company had revenue of $161.63 million for the quarter, compared to analysts' expectations of $165.28 million. During the same quarter in the previous year, the firm posted $1.08 EPS. The firm's quarterly revenue was up 14.6% on a year-over-year basis. On average, analysts expect that Universal Display Co. will post 4.79 EPS for the current year.

Universal Display Dividend Announcement

The business also recently disclosed a quarterly dividend, which will be paid on Tuesday, December 31st. Stockholders of record on Tuesday, December 17th will be given a $0.40 dividend. The ex-dividend date of this dividend is Tuesday, December 17th. This represents a $1.60 annualized dividend and a dividend yield of 0.89%. Universal Display's dividend payout ratio is currently 32.13%.

Insider Activity at Universal Display

In other news, Director Lawrence Lacerte bought 742 shares of the firm's stock in a transaction that occurred on Monday, November 4th. The shares were purchased at an average price of $180.89 per share, for a total transaction of $134,220.38. Following the completion of the transaction, the director now owns 122,372 shares in the company, valued at $22,135,871.08. The trade was a 0.00 % increase in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at this link. Corporate insiders own 1.90% of the company's stock.

Analysts Set New Price Targets

OLED has been the topic of a number of research analyst reports. Oppenheimer cut their price objective on shares of Universal Display from $240.00 to $220.00 and set an "outperform" rating on the stock in a report on Thursday, October 31st. Roth Mkm boosted their price target on shares of Universal Display from $189.00 to $217.00 and gave the company a "buy" rating in a research report on Friday, August 2nd. Needham & Company LLC dropped their price objective on Universal Display from $242.00 to $215.00 and set a "buy" rating on the stock in a report on Thursday, October 31st. TD Cowen reduced their target price on Universal Display from $250.00 to $225.00 and set a "buy" rating for the company in a report on Thursday, October 31st. Finally, Susquehanna raised their price target on Universal Display from $170.00 to $175.00 and gave the stock a "neutral" rating in a research note on Friday, August 2nd. Two equities research analysts have rated the stock with a hold rating and six have given a buy rating to the stock. Based on data from MarketBeat.com, the stock presently has an average rating of "Moderate Buy" and an average target price of $215.63.

Universal Display Company Profile

Universal Display Corporation engages in the research, development, and commercialization of organic light emitting diode (OLED) technologies and materials for use in display and solid-state lighting applications in the United States and internationally. The company offers PHOLED technologies and materials for displays and lighting products under the UniversalPHOLED brand.