11,223 Shares in Universal Display Co. (NASDAQ:OLED) Bought by Sanctuary Advisors LLC

Sanctuary Advisors LLC acquired a new position in Universal Display Co. (NASDAQ:OLED - Free Report) during the 3rd quarter, according to its most recent filing with the Securities and Exchange Commission. The fund acquired 11,223 shares of the semiconductor company's stock, valued at approximately $2,356,000.

Several other institutional investors also recently bought and sold shares of OLED. TD Private Client Wealth LLC acquired a new position in shares of Universal Display during the 3rd quarter worth approximately $2,180,000. Coldstream Capital Management Inc. acquired a new position in shares of Universal Display during the 3rd quarter worth approximately $365,000. Geode Capital Management LLC boosted its holdings in shares of Universal Display by 1.9% during the 3rd quarter. Geode Capital Management LLC now owns 799,352 shares of the semiconductor company's stock worth $167,825,000 after purchasing an additional 15,015 shares during the last quarter. M&T Bank Corp boosted its holdings in shares of Universal Display by 12.0% during the 3rd quarter. M&T Bank Corp now owns 2,086 shares of the semiconductor company's stock worth $438,000 after purchasing an additional 223 shares during the last quarter. Finally, Barclays PLC boosted its holdings in shares of Universal Display by 753.8% during the 3rd quarter. Barclays PLC now owns 212,518 shares of the semiconductor company's stock worth $44,608,000 after purchasing an additional 187,627 shares during the last quarter. 78.19% of the stock is currently owned by institutional investors and hedge funds.

Insider Buying and Selling

In other news, Director Lawrence Lacerte bought 742 shares of Universal Display stock in a transaction that occurred on Monday, November 4th. The shares were purchased at an average price of $180.89 per share, with a total value of $134,220.38. Following the completion of the acquisition, the director now directly owns 122,372 shares in the company, valued at $22,135,871.08. The trade was a 0.61 % increase in their ownership of the stock. The acquisition was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this link. 1.90% of the stock is currently owned by insiders.

Analyst Ratings Changes

Several research analysts have recently weighed in on the company. TD Cowen lowered their target price on Universal Display from $250.00 to $225.00 and set a "buy" rating on the stock in a report on Thursday, October 31st. Needham & Company LLC lowered their price objective on Universal Display from $242.00 to $215.00 and set a "buy" rating for the company in a research report on Thursday, October 31st. Finally, Oppenheimer cut their target price on Universal Display from $240.00 to $220.00 and set an "outperform" rating for the company in a research note on Thursday, October 31st. Two analysts have rated the stock with a hold rating and six have given a buy rating to the company. Based on data from MarketBeat, Universal Display has a consensus rating of "Moderate Buy" and a consensus target price of $215.63.

Universal Display Stock Down 4.3 %

NASDAQ OLED traded down $6.74 during trading on Wednesday, hitting $149.11. The stock had a trading volume of 634,159 shares, compared to its average volume of 400,977. The company has a market capitalization of $7.08 billion, a PE ratio of 29.94, a PEG ratio of 1.74 and a beta of 1.39. The firm has a 50 day moving average price of $177.93 and a 200 day moving average price of $193.77. Universal Display Co. has a twelve month low of $148.09 and a twelve month high of $237.00.

Universal Display (NASDAQ:OLED - Get Free Report) last announced its quarterly earnings data 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 analysts' expectations of $165.28 million. Universal Display had a net margin of 36.98% and a return on equity of 15.75%. The business's quarterly revenue was up 14.6% compared to the same quarter last year. During the same quarter in the previous year, the business posted $1.08 earnings per share. On average, sell-side analysts anticipate that Universal Display Co. will post 4.8 earnings per share for the current year.

Universal Display Announces Dividend

The business also recently announced a quarterly dividend, which will be paid on Tuesday, December 31st. Investors of record on Tuesday, December 17th will be issued a $0.40 dividend. The ex-dividend date is Tuesday, December 17th. This represents a $1.60 dividend on an annualized basis and a yield of 1.07%. Universal Display's dividend payout ratio (DPR) is presently 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.