Barclays PLC Has $44.61 Million Stake in Universal Display Co. (NASDAQ:OLED)

Barclays PLC lifted its stake in Universal Display Co. (NASDAQ:OLED - Free Report) by 753.8% during the 3rd quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 212,518 shares of the semiconductor company's stock after acquiring an additional 187,627 shares during the period. Barclays PLC owned approximately 0.45% of Universal Display worth $44,608,000 at the end of the most recent reporting period.

Other institutional investors and hedge funds have also bought and sold shares of the company. CWM LLC increased its stake in Universal Display by 71.4% during the second quarter. CWM LLC now owns 1,138 shares of the semiconductor company's stock valued at $239,000 after acquiring an additional 474 shares during the period. QRG Capital Management Inc. acquired a new stake in shares of Universal Display during the 2nd quarter valued at about $251,000. Envestnet Portfolio Solutions Inc. increased its stake in Universal Display by 38.2% in the second quarter. Envestnet Portfolio Solutions Inc. now owns 1,883 shares of the semiconductor company's stock valued at $396,000 after acquiring an additional 520 shares during the period. Raymond James & Associates raised its position in Universal Display by 1.8% in the second quarter. Raymond James & Associates now owns 36,911 shares of the semiconductor company's stock worth $7,760,000 after purchasing an additional 647 shares in the last quarter. Finally, First Citizens Bank & Trust Co. acquired a new stake in Universal Display during the second quarter valued at approximately $257,000. Institutional investors own 78.19% of the company's stock.

Insider Buying and Selling

In other Universal Display news, Director Lawrence Lacerte bought 742 shares of Universal Display stock in a transaction dated Monday, November 4th. The shares were bought at an average price of $180.89 per share, with a total value of $134,220.38. Following the purchase, the director now owns 122,372 shares of the company's stock, valued at $22,135,871.08. This trade represents a 0.61 % increase in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is available at this link. Corporate insiders own 1.90% of the company's stock.

Wall Street Analysts Forecast Growth

OLED has been the topic of a number of analyst reports. Oppenheimer lowered their price target on Universal Display from $240.00 to $220.00 and set an "outperform" rating on the stock in a research report on Thursday, October 31st. Needham & Company LLC cut their price target on shares of Universal Display from $242.00 to $215.00 and set a "buy" rating for the company in a report on Thursday, October 31st. Finally, TD Cowen decreased 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. Two investment analysts have rated the stock with a hold rating and six have assigned a buy rating to the company. Based on data from MarketBeat.com, the company has a consensus rating of "Moderate Buy" and a consensus target price of $215.63.

Universal Display Stock Performance

OLED traded up $1.70 during midday trading on Friday, hitting $162.80. The company had a trading volume of 621,680 shares, compared to its average volume of 396,611. Universal Display Co. has a twelve month low of $148.75 and a twelve month high of $237.00. The company has a market capitalization of $7.73 billion, a PE ratio of 32.35, a P/E/G ratio of 1.73 and a beta of 1.39. The firm's 50-day simple moving average is $182.24 and its 200-day simple moving average is $194.21.

Universal Display (NASDAQ:OLED - Get Free Report) last posted its quarterly earnings data on Wednesday, October 30th. The semiconductor company reported $1.40 earnings per share for the quarter, topping the consensus estimate of $1.19 by $0.21. The firm had revenue of $161.63 million during the quarter, compared to analysts' expectations of $165.28 million. Universal Display had a net margin of 36.98% and a return on equity of 15.75%. Universal Display's revenue was up 14.6% on a year-over-year basis. During the same quarter in the previous year, the company posted $1.08 EPS. As a group, sell-side analysts anticipate that Universal Display Co. will post 4.8 EPS 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. Investors 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 dividend on an annualized basis and a yield of 0.98%. Universal Display's payout ratio is 32.13%.

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.