UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC Lowers Stake in Universal Display Co. (NASDAQ:OLED)

UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC cut its holdings in shares of Universal Display Co. (NASDAQ:OLED - Free Report) by 14.1% in the third quarter, according to its most recent filing with the Securities and Exchange Commission. The firm owned 1,270,863 shares of the semiconductor company's stock after selling 208,219 shares during the quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC owned 2.68% of Universal Display worth $266,754,000 at the end of the most recent quarter.

Several other institutional investors have also made changes to their positions in OLED. Price T Rowe Associates Inc. MD lifted its stake in shares of Universal Display by 2.8% in the first quarter. Price T Rowe Associates Inc. MD now owns 22,867 shares of the semiconductor company's stock valued at $3,852,000 after buying an additional 616 shares during the period. Jacobs Levy Equity Management Inc. acquired a new stake in shares of Universal Display in the first quarter valued at $620,000. Tidal Investments LLC raised its position in Universal Display by 172.0% in the 1st quarter. Tidal Investments LLC now owns 6,246 shares of the semiconductor company's stock worth $1,052,000 after purchasing an additional 3,950 shares during the last quarter. Swedbank AB bought a new stake in shares of Universal Display during the first quarter worth $1,995,000. Finally, GAMMA Investing LLC lifted its position in Universal Display by 42.4% during the 2nd quarter. GAMMA Investing LLC now owns 514 shares of the semiconductor company's stock valued at $108,000 after purchasing an additional 153 shares during the period. 78.19% of the stock is currently owned by institutional investors and hedge funds.

Insider Activity at Universal Display

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 purchased at an average cost of $180.89 per share, for a total transaction of $134,220.38. Following the acquisition, the director now directly owns 122,372 shares in the company, valued at approximately $22,135,871.08. This represents a 0.61 % increase in their position. The acquisition was disclosed in a document filed with the SEC, which is available through this link. 1.90% of the stock is currently owned by corporate insiders.

Analyst Upgrades and Downgrades

Several equities analysts have recently weighed in on OLED shares. Susquehanna lifted their price objective on Universal Display from $170.00 to $175.00 and gave the company a "neutral" rating in a report on Friday, August 2nd. 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. TD Cowen dropped their target price on shares of 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 cut their price target on Universal Display from $242.00 to $215.00 and set a "buy" rating for the company in a report on Thursday, October 31st. Finally, Roth Mkm lifted their price target on Universal Display from $189.00 to $217.00 and gave the stock a "buy" rating in a report on Friday, August 2nd. Two equities research 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 stock has a consensus rating of "Moderate Buy" and an average price target of $215.63.

Universal Display Trading Up 2.1 %

OLED stock traded up $3.35 during midday trading on Friday, hitting $164.52. The company had a trading volume of 325,448 shares, compared to its average volume of 385,853. Universal Display Co. has a 52 week low of $148.75 and a 52 week high of $237.00. The stock's 50 day moving average price is $190.97 and its 200 day moving average price is $195.15. The stock has a market cap of $7.81 billion, a price-to-earnings ratio of 33.04, a PEG ratio of 1.73 and a beta of 1.43.

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 (EPS) for the quarter, topping analysts' consensus estimates of $1.19 by $0.21. The business had revenue of $161.63 million during the quarter, compared to the consensus estimate of $165.28 million. Universal Display had a return on equity of 15.75% and a net margin of 36.98%. The firm's quarterly revenue was up 14.6% compared to the same quarter last year. During the same quarter in the prior year, the company earned $1.08 earnings per share. Analysts predict that Universal Display Co. will post 4.8 earnings per share for the current year.

Universal Display Dividend Announcement

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 given a dividend of $0.40 per share. The ex-dividend date of this dividend is Tuesday, December 17th. This represents a $1.60 annualized dividend and a yield of 0.97%. Universal Display's dividend payout ratio (DPR) is presently 32.13%.

About Universal Display

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.