Janney Montgomery Scott LLC Boosts Holdings in Universal Display Co. (NASDAQ:OLED)

Janney Montgomery Scott LLC grew its holdings in shares of Universal Display Co. (NASDAQ:OLED - Free Report) by 625.9% in the 3rd quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The fund owned 40,989 shares of the semiconductor company's stock after buying an additional 35,342 shares during the quarter. Janney Montgomery Scott LLC owned 0.09% of Universal Display worth $8,604,000 as of its most recent SEC filing.

A number of other hedge funds and other institutional investors have also made changes to their positions in the stock. ORG Partners LLC bought a new position in Universal Display in the 1st quarter worth approximately $27,000. V Square Quantitative Management LLC bought a new stake in Universal Display in the third quarter worth about $31,000. Nisa Investment Advisors LLC lifted its holdings in Universal Display by 60.2% in the 3rd quarter. Nisa Investment Advisors LLC now owns 173 shares of the semiconductor company's stock valued at $36,000 after acquiring an additional 65 shares during the last quarter. Geneos Wealth Management Inc. boosted its position in shares of Universal Display by 210.7% during the 1st quarter. Geneos Wealth Management Inc. now owns 233 shares of the semiconductor company's stock valued at $39,000 after purchasing an additional 158 shares in the last quarter. Finally, Itau Unibanco Holding S.A. acquired a new position in shares of Universal Display in the 2nd quarter worth approximately $44,000. Institutional investors own 78.19% of the company's stock.

Insider Activity at Universal Display

In other news, Director Lawrence Lacerte acquired 742 shares of Universal Display stock in a transaction that occurred on Monday, November 4th. The stock was bought at an average price of $180.89 per share, with a total value of $134,220.38. Following the completion of the purchase, the director now 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 legal filing with the SEC, which is available through this link. 1.90% of the stock is owned by company insiders.

Wall Street Analysts Forecast Growth

Several brokerages have issued reports on OLED. Oppenheimer cut their target price on shares of Universal Display from $240.00 to $220.00 and set an "outperform" rating on the stock in a research note on Thursday, October 31st. Roth Mkm lifted 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 decreased their target price on Universal Display from $242.00 to $215.00 and set a "buy" rating for the company in a research note on Thursday, October 31st. The Goldman Sachs Group lifted their price objective on Universal Display from $208.00 to $243.00 and gave the stock a "buy" rating in a report on Thursday, July 18th. Finally, Susquehanna boosted their target price on shares of Universal Display from $170.00 to $175.00 and gave the company a "neutral" rating in a research note on Friday, August 2nd. Two investment analysts have rated the stock with a hold rating and six have assigned a buy rating to the company. According to data from MarketBeat.com, Universal Display has an average rating of "Moderate Buy" and an average price target of $215.63.

Universal Display Price Performance

Shares of Universal Display stock traded down $3.57 on Friday, hitting $179.89. 215,734 shares of the company's stock traded hands, compared to its average volume of 370,267. Universal Display Co. has a one year low of $148.18 and a one year high of $237.00. The company has a market capitalization of $8.54 billion, a price-to-earnings ratio of 36.84, a price-to-earnings-growth ratio of 1.99 and a beta of 1.43. The company has a fifty day moving average of $200.76 and a two-hundred day moving average of $194.78.

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

Universal Display Announces Dividend

The firm also recently disclosed 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. This represents a $1.60 annualized dividend and a yield of 0.89%. The ex-dividend date of this dividend is Tuesday, December 17th. Universal Display's dividend payout ratio (DPR) is presently 32.13%.

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.