2,889 Shares in Universal Display Co. (NASDAQ:OLED) Acquired by Integrated Wealth Concepts LLC

Integrated Wealth Concepts LLC purchased a new position in Universal Display Co. (NASDAQ:OLED) during the third quarter, according to the company in its most recent 13F filing with the SEC. The institutional investor purchased 2,889 shares of the semiconductor company’s stock, valued at approximately $607,000.

A number of other institutional investors and hedge funds have also modified their holdings of OLED. Glenmede Trust Co. NA grew its holdings in Universal Display by 1.6% during the 3rd quarter. Glenmede Trust Co. NA now owns 6,046 shares of the semiconductor company’s stock valued at $1,269,000 after buying an additional 97 shares during the last quarter. BNP Paribas Financial Markets grew its holdings in Universal Display by 8.8% during the 3rd quarter. BNP Paribas Financial Markets now owns 52,713 shares of the semiconductor company’s stock valued at $11,064,000 after buying an additional 4,269 shares during the last quarter. Montanaro Asset Management Ltd grew its holdings in Universal Display by 217.4% during the 3rd quarter. Montanaro Asset Management Ltd now owns 63,260 shares of the semiconductor company’s stock valued at $13,278,000 after buying an additional 43,330 shares during the last quarter. Cerity Partners LLC grew its holdings in Universal Display by 385.2% during the 3rd quarter. Cerity Partners LLC now owns 8,588 shares of the semiconductor company’s stock valued at $1,803,000 after buying an additional 6,818 shares during the last quarter. Finally, ProShare Advisors LLC grew its holdings in Universal Display by 117.2% during the 2nd quarter. ProShare Advisors LLC now owns 18,762 shares of the semiconductor company’s stock valued at $3,945,000 after buying an additional 10,122 shares during the last quarter. Institutional investors and hedge funds own 78.19% of the company’s stock.

Universal Display Stock Down 1.7 %

Shares of Universal Display stock opened at $155.30 on Wednesday. Universal Display Co. has a fifty-two week low of $148.75 and a fifty-two week high of $237.00. The firm has a market cap of $7.37 billion, a PE ratio of 31.18, a P/E/G ratio of 1.69 and a beta of 1.40. The business’s fifty day moving average is $184.11 and its two-hundred day moving average is $194.68.

Universal Display (NASDAQ:OLED) last issued its earnings results on Wednesday, October 30th. The semiconductor company reported $1.40 earnings per share for the quarter, topping the consensus estimate of $1.19 by $0.21. The business had revenue of $161.63 million for 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%. The business’s quarterly revenue was up 14.6% on a year-over-year basis. During the same period last year, the company posted $1.08 EPS. Equities research analysts anticipate that Universal Display Co. will post 4.8 EPS for the current year.

Universal Display Announces Dividend

The company 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 $0.40 dividend. This represents a $1.60 annualized dividend and a dividend yield of 1.03%. The ex-dividend date of this dividend is Tuesday, December 17th. Universal Display’s dividend payout ratio (DPR) is currently 32.13%.

Insider Buying and Selling

In other news, Director Lawrence Lacerte bought 742 shares of the business’s stock in a transaction that occurred on Monday, November 4th. The shares were acquired at an average cost of $180.89 per share, with a total value of $134,220.38. Following the transaction, the director now owns 122,372 shares of the company’s stock, valued at $22,135,871.08. This represents a 0.61 % increase in their position. The acquisition was disclosed in a legal filing with the SEC, which is available at the SEC website. Corporate insiders own 1.90% of the company’s stock.

Wall Street Analysts Forecast Growth

OLED has been the topic of a number of analyst reports. 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 target price on Universal Display from $242.00 to $215.00 and set a “buy” rating on the stock in a report on Thursday, October 31st. Finally, Oppenheimer reduced their price target on Universal Display from $240.00 to $220.00 and set an “outperform” rating on the stock in a research note on Thursday, October 31st. Two analysts have rated the stock with a hold rating and six have assigned a buy rating to the stock. According to data from MarketBeat.com, Universal Display has a consensus rating of “Moderate Buy” and a consensus price target of $215.63.

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.