Atria Investments Inc Has $2.70 Million Stock Position in Universal Display Co. (NASDAQ:OLED)

Atria Investments Inc lifted its holdings in shares of Universal Display Co. (NASDAQ:OLED - Free Report) by 766.2% in the third quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The fund owned 12,863 shares of the semiconductor company's stock after buying an additional 11,378 shares during the period. Atria Investments Inc's holdings in Universal Display were worth $2,700,000 at the end of the most recent reporting period.

Several other institutional investors and hedge funds have also recently bought and sold shares of the business. Assetmark Inc. acquired a new position in Universal Display during the 3rd quarter valued at about $29,000. V Square Quantitative Management LLC acquired a new stake in Universal Display in the third quarter worth about $31,000. Nisa Investment Advisors LLC grew its position in Universal Display by 60.2% in the 3rd quarter. Nisa Investment Advisors LLC now owns 173 shares of the semiconductor company's stock valued at $36,000 after buying an additional 65 shares in the last quarter. Itau Unibanco Holding S.A. acquired a new stake in shares of Universal Display in the 2nd quarter worth approximately $44,000. Finally, Tortoise Investment Management LLC bought a new position in shares of Universal Display in the second quarter valued at approximately $47,000. Institutional investors and hedge funds own 78.19% of the company's stock.

Analyst Ratings Changes

A number of equities research analysts have weighed in on OLED shares. Roth Mkm upped their target price on Universal Display from $189.00 to $217.00 and gave the stock a "buy" rating in a research report on Friday, August 2nd. Needham & Company LLC decreased their target price on Universal Display from $242.00 to $215.00 and set a "buy" rating for the company in a research note on Thursday, October 31st. TD Cowen lowered their price objective on shares of Universal Display from $250.00 to $225.00 and set a "buy" rating on the stock in a research note on Thursday, October 31st. The Goldman Sachs Group raised their target price on shares of Universal Display from $208.00 to $243.00 and gave the stock a "buy" rating in a report on Thursday, July 18th. Finally, Oppenheimer dropped their price target on Universal Display from $240.00 to $220.00 and set an "outperform" rating on the stock in a report on Thursday, October 31st. Two research analysts have rated the stock with a hold rating and six have given a buy rating to the stock. According to MarketBeat, the company currently has a consensus rating of "Moderate Buy" and a consensus target price of $215.63.

Universal Display Stock Performance

Shares of OLED traded down $2.19 during trading hours on Friday, hitting $164.29. 189,467 shares of the company were exchanged, compared to its average volume of 372,549. The firm's 50 day moving average is $199.12 and its 200-day moving average is $195.37. Universal Display Co. has a 52 week low of $148.75 and a 52 week high of $237.00. The company has a market cap of $7.80 billion, a PE ratio of 33.43, a PEG ratio of 1.80 and a beta of 1.43.

Universal Display (NASDAQ:OLED - Get Free Report) last issued its quarterly earnings results on Wednesday, October 30th. The semiconductor company reported $1.40 earnings per share for the quarter, beating analysts' consensus estimates of $1.19 by $0.21. The firm had revenue of $161.63 million during the quarter, compared to the consensus estimate of $165.28 million. Universal Display had a net margin of 36.98% and a return on equity of 15.75%. The business's revenue was up 14.6% on a year-over-year basis. During the same period in the prior year, the firm earned $1.08 EPS. As a group, equities analysts forecast that Universal Display Co. will post 4.79 earnings per share for the current fiscal year.

Universal Display Announces Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Tuesday, December 31st. Shareholders of record on Tuesday, December 17th will be given a $0.40 dividend. The ex-dividend date is Tuesday, December 17th. This represents a $1.60 dividend on an annualized basis and a dividend yield of 0.97%. Universal Display's dividend payout ratio is currently 32.13%.

Insider Activity

In related news, Director Lawrence Lacerte bought 742 shares of the company's stock in a transaction dated Monday, November 4th. The stock was acquired at an average cost of $180.89 per share, with a total value of $134,220.38. Following the acquisition, the director now owns 122,372 shares in the company, valued at approximately $22,135,871.08. This represents a 0.61 % increase in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this link. 1.90% of the stock is currently owned by company insiders.

Universal Display 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.