Universal Display Co. (NASDAQ:OLED) Shares Sold by Hardman Johnston Global Advisors LLC

Hardman Johnston Global Advisors LLC cut its position in Universal Display Co. (NASDAQ:OLED - Free Report) by 22.0% in the third quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 235,397 shares of the semiconductor company's stock after selling 66,525 shares during the quarter. Universal Display accounts for 1.9% of Hardman Johnston Global Advisors LLC's holdings, making the stock its 17th largest holding. Hardman Johnston Global Advisors LLC owned approximately 0.50% of Universal Display worth $49,410,000 at the end of the most recent reporting period.

Other institutional investors have also modified their holdings of the company. Nisa Investment Advisors LLC grew its stake in Universal Display by 60.2% during the 3rd quarter. Nisa Investment Advisors LLC now owns 173 shares of the semiconductor company's stock worth $36,000 after purchasing an additional 65 shares in the last quarter. Red Spruce Capital LLC grew its stake in Universal Display by 0.7% during the 2nd quarter. Red Spruce Capital LLC now owns 11,146 shares of the semiconductor company's stock worth $2,343,000 after purchasing an additional 76 shares in the last quarter. CIBC Asset Management Inc grew its stake in Universal Display by 7.6% during the 2nd quarter. CIBC Asset Management Inc now owns 1,351 shares of the semiconductor company's stock worth $284,000 after purchasing an additional 96 shares in the last quarter. UMB Bank n.a. grew its stake in Universal Display by 42.1% during the 3rd quarter. UMB Bank n.a. now owns 324 shares of the semiconductor company's stock worth $68,000 after purchasing an additional 96 shares in the last quarter. Finally, Bahl & Gaynor Inc. grew its stake in Universal Display by 0.5% during the 1st quarter. Bahl & Gaynor Inc. now owns 18,645 shares of the semiconductor company's stock worth $3,141,000 after purchasing an additional 101 shares in the last quarter. 78.19% of the stock is owned by institutional investors and hedge funds.

Universal Display Trading Up 2.8 %

Shares of Universal Display stock traded up $5.05 on Wednesday, hitting $185.85. The stock had a trading volume of 498,485 shares, compared to its average volume of 370,363. Universal Display Co. has a 52-week low of $146.99 and a 52-week high of $237.00. The stock has a market cap of $8.82 billion, a price-to-earnings ratio of 36.31, a P/E/G ratio of 1.93 and a beta of 1.43. The company's 50 day moving average price is $200.94 and its 200 day moving average price is $194.93.

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

Universal Display Dividend Announcement

The business also recently disclosed a quarterly dividend, which will be paid on Tuesday, December 31st. Shareholders of record on Tuesday, December 17th will be paid a dividend of $0.40 per share. This represents a $1.60 annualized dividend and a yield of 0.86%. The ex-dividend date is Tuesday, December 17th. Universal Display's dividend payout ratio is presently 32.13%.

Analyst Ratings Changes

Several research analysts recently commented on OLED shares. Susquehanna boosted their target price on Universal Display from $170.00 to $175.00 and gave the stock a "neutral" rating in a research note on Friday, August 2nd. Roth Mkm boosted their target price on Universal Display from $189.00 to $217.00 and gave the stock a "buy" rating in a research note on Friday, August 2nd. Oppenheimer decreased their price target on Universal Display from $240.00 to $220.00 and set an "outperform" rating for the company in a report on Thursday, October 31st. TD Cowen decreased their price target on Universal Display from $250.00 to $225.00 and set a "buy" rating for the company in a report on Thursday, October 31st. Finally, Needham & Company LLC decreased 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. Two equities research analysts have rated the stock with a hold rating and six have issued a buy rating to the stock. According to MarketBeat.com, the stock presently has an average rating of "Moderate Buy" and a consensus target price of $215.63.

Insider Buying and Selling at Universal Display

In related news, Director Lawrence Lacerte acquired 742 shares of Universal Display stock in a transaction on Monday, November 4th. The stock was purchased at an average cost of $180.89 per share, with a total value of $134,220.38. Following the purchase, the director now directly owns 122,372 shares in the company, valued at approximately $22,135,871.08. The trade was a 0.00 % increase in their ownership of the stock. The purchase was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website. 1.90% of the stock is owned by company insiders.

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.