LVW Advisors LLC Acquires New Holdings in Universal Display Co. (NASDAQ:OLED)

LVW Advisors LLC bought a new stake in Universal Display Co. (NASDAQ:OLED - Free Report) during the third quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The firm bought 3,741 shares of the semiconductor company's stock, valued at approximately $785,000.

Several other institutional investors also recently added to or reduced their stakes in OLED. Chicago Partners Investment Group LLC acquired a new stake in Universal Display during the fourth quarter worth $210,000. University of Texas Texas AM Investment Managment Co. bought a new stake in Universal Display in the fourth quarter valued at $35,000. Wellington Management Group LLP raised its stake in Universal Display by 29.8% during the fourth quarter. Wellington Management Group LLP now owns 330,262 shares of the semiconductor company's stock worth $63,166,000 after acquiring an additional 75,828 shares in the last quarter. Healthcare of Ontario Pension Plan Trust Fund boosted its stake in shares of Universal Display by 5.7% in the 4th quarter. Healthcare of Ontario Pension Plan Trust Fund now owns 42,560 shares of the semiconductor company's stock valued at $8,140,000 after purchasing an additional 2,300 shares in the last quarter. Finally, Red Spruce Capital LLC grew its holdings in shares of Universal Display by 13.2% in the 1st quarter. Red Spruce Capital LLC now owns 11,070 shares of the semiconductor company's stock worth $1,865,000 after purchasing an additional 1,290 shares during the last quarter. 78.19% of the stock is owned by institutional investors.

Wall Street Analyst Weigh In

OLED has been the topic of a number of recent analyst reports. 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 raised their price target on Universal Display from $198.00 to $242.00 and gave the company a "buy" rating in a report on Tuesday, July 2nd. The Goldman Sachs Group boosted their price objective on Universal Display from $208.00 to $243.00 and gave the stock a "buy" rating in a research note on Thursday, July 18th. TD Cowen increased their price objective on shares of Universal Display from $210.00 to $250.00 and gave the stock a "buy" rating in a report on Friday, August 2nd. Finally, Oppenheimer boosted their target price on shares of Universal Display from $200.00 to $250.00 and gave the stock an "outperform" rating in a research note on Wednesday, July 3rd. Two equities research analysts have rated the stock with a hold rating and six have given a buy rating to the stock. According to data from MarketBeat.com, the company currently has an average rating of "Moderate Buy" and a consensus price target of $225.88.

Universal Display Price Performance

Shares of Universal Display stock traded up $3.09 on Friday, hitting $206.86. 272,294 shares of the company's stock traded hands, compared to its average volume of 569,510. The firm's 50-day moving average price is $194.90 and its two-hundred day moving average price is $190.15. The stock has a market capitalization of $9.82 billion, a PE ratio of 44.39, a price-to-earnings-growth ratio of 2.18 and a beta of 1.42. Universal Display Co. has a one year low of $133.67 and a one year high of $237.00.

Universal Display (NASDAQ:OLED - Get Free Report) last released its earnings results on Thursday, August 1st. The semiconductor company reported $1.10 earnings per share for the quarter, missing the consensus estimate of $1.14 by ($0.04). The company had revenue of $158.50 million during the quarter, compared to analyst estimates of $159.46 million. Universal Display had a net margin of 35.74% and a return on equity of 15.25%. The company's quarterly revenue was up 8.1% compared to the same quarter last year. During the same period in the previous year, the company posted $1.04 EPS. On average, analysts forecast that Universal Display Co. will post 4.81 earnings per share for the current fiscal year.

Universal Display Dividend Announcement

The company also recently announced a quarterly dividend, which was paid on Monday, September 30th. Shareholders of record on Monday, September 16th were paid a $0.40 dividend. This represents a $1.60 annualized dividend and a yield of 0.77%. The ex-dividend date of this dividend was Monday, September 16th. Universal Display's payout ratio is presently 34.33%.

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.