160,326 Shares in Universal Display Corporation $OLED Bought by Man Group plc

Man Group plc acquired a new stake in shares of Universal Display Corporation (NASDAQ:OLED - Free Report) in the second quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor acquired 160,326 shares of the semiconductor company's stock, valued at approximately $13,883,000. Man Group plc owned about 0.35% of Universal Display as of its most recent filing with the Securities and Exchange Commission (SEC).

Other institutional investors and hedge funds have also bought and sold shares of the company. Lido Advisors LLC grew its stake in shares of Universal Display by 1.7% during the 3rd quarter. Lido Advisors LLC now owns 5,783 shares of the semiconductor company's stock valued at $831,000 after purchasing an additional 95 shares during the period. Sigma Planning Corp lifted its stake in shares of Universal Display by 1.0% in the 4th quarter. Sigma Planning Corp now owns 10,390 shares of the semiconductor company's stock worth $1,210,000 after purchasing an additional 103 shares during the period. Certuity LLC boosted its holdings in shares of Universal Display by 4.3% in the third quarter. Certuity LLC now owns 2,556 shares of the semiconductor company's stock worth $367,000 after buying an additional 105 shares during the last quarter. Northwestern Mutual Wealth Management Co. boosted its holdings in shares of Universal Display by 5.7% in the third quarter. Northwestern Mutual Wealth Management Co. now owns 1,999 shares of the semiconductor company's stock worth $287,000 after buying an additional 108 shares during the last quarter. Finally, Public Employees Retirement System of Ohio grew its position in Universal Display by 0.8% during the third quarter. Public Employees Retirement System of Ohio now owns 13,979 shares of the semiconductor company's stock valued at $2,008,000 after buying an additional 113 shares during the period. 78.19% of the stock is owned by hedge funds and other institutional investors.

Wall Street Analysts Forecast Growth

A number of brokerages have commented on OLED. BTIG Research cut shares of Universal Display to a "neutral" rating in a report on Friday, July 31st. Oppenheimer reiterated an "outperform" rating and set a $120.00 price target (down from $130.00) on shares of Universal Display in a research note on Friday, July 31st. Weiss Ratings downgraded shares of Universal Display from a "hold (c-)" rating to a "sell (d+)" rating in a research report on Tuesday, July 28th. Zacks Research upgraded Universal Display from a "strong sell" rating to a "hold" rating in a research note on Thursday, August 13th. Finally, Roth Capital set a $168.00 target price on Universal Display in a report on Friday, May 1st. Three investment analysts have rated the stock with a Buy rating, four have issued a Hold rating and one has given a Sell rating to the stock. Based on data from MarketBeat, the stock has an average rating of "Hold" and a consensus price target of $116.33.

Universal Display Price Performance

Shares of OLED opened at $84.85 on Friday. Universal Display Corporation has a 1 year low of $76.42 and a 1 year high of $153.38. The company has a 50 day simple moving average of $84.19 and a two-hundred day simple moving average of $92.85. The firm has a market cap of $3.90 billion, a P/E ratio of 20.54 and a beta of 1.54.

Universal Display (NASDAQ:OLED - Get Free Report) last released its earnings results on Thursday, July 30th. The semiconductor company reported $1.06 EPS for the quarter, topping the consensus estimate of $1.03 by $0.03. Universal Display had a net margin of 32.24% and a return on equity of 11.35%. The firm had revenue of $152.16 million for the quarter, compared to the consensus estimate of $157.54 million. During the same quarter in the previous year, the firm earned $1.41 earnings per share. The company's quarterly revenue was down 11.4% compared to the same quarter last year. On average, sell-side analysts anticipate that Universal Display Corporation will post 4.17 earnings per share for the current year.

Universal Display Announces Dividend

The business also recently declared a quarterly dividend, which will be paid on Wednesday, September 30th. Shareholders of record on Wednesday, September 16th will be issued a $0.50 dividend. This represents a $2.00 dividend on an annualized basis and a yield of 2.4%. The ex-dividend date is Wednesday, September 16th. Universal Display's payout ratio is currently 48.43%.

Universal Display Profile

Universal Display Corporation NASDAQ: OLED is a technology company specializing in organic light-emitting diode (OLED) solutions. The company develops and commercializes materials, technologies and software used in the creation of OLED displays and lighting. Its offerings include proprietary phosphorescent OLED (PHOLED) materials, display driver integrated circuits and process technologies that enable higher efficiency, longer lifetimes and improved color performance for a range of display and lighting applications.

Universal Display's core business is licensing its extensive OLED patent portfolio to display manufacturers and providing them with the key organic materials needed for device fabrication.

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