Universal Display Co. (NASDAQ:OLED) Shares Purchased by Great Lakes Advisors LLC

Great Lakes Advisors LLC boosted its stake in shares of Universal Display Co. (NASDAQ:OLED - Free Report) by 32.1% during the fourth quarter, according to its most recent disclosure with the SEC. The institutional investor owned 117,963 shares of the semiconductor company's stock after purchasing an additional 28,681 shares during the period. Great Lakes Advisors LLC owned about 0.25% of Universal Display worth $22,562,000 at the end of the most recent reporting period.

Several other hedge funds also recently modified their holdings of the business. Vanguard Group Inc. increased its position in shares of Universal Display by 0.5% during the third quarter. Vanguard Group Inc. now owns 4,511,145 shares of the semiconductor company's stock valued at $708,205,000 after purchasing an additional 23,944 shares during the period. FMR LLC increased its holdings in shares of Universal Display by 10.6% in the third quarter. FMR LLC now owns 1,398,961 shares of the semiconductor company's stock worth $219,623,000 after acquiring an additional 134,000 shares in the last quarter. Jennison Associates LLC raised its position in shares of Universal Display by 0.4% during the fourth quarter. Jennison Associates LLC now owns 903,068 shares of the semiconductor company's stock worth $172,721,000 after purchasing an additional 3,397 shares during the period. Charles Schwab Investment Management Inc. boosted its stake in Universal Display by 2.3% in the 4th quarter. Charles Schwab Investment Management Inc. now owns 315,465 shares of the semiconductor company's stock worth $60,336,000 after purchasing an additional 6,943 shares during the period. Finally, Vontobel Holding Ltd. boosted its holdings in Universal Display by 6.4% during the fourth quarter. Vontobel Holding Ltd. now owns 309,804 shares of the semiconductor company's stock worth $59,253,000 after purchasing an additional 18,582 shares during the last quarter. Institutional investors and hedge funds own 78.19% of the company's stock.

Universal Display Stock Performance

Shares of Universal Display stock traded down $0.53 on Friday, reaching $173.14. The company had a trading volume of 148,028 shares, compared to its average volume of 308,261. The firm has a market cap of $8.21 billion, a PE ratio of 37.64, a PEG ratio of 1.88 and a beta of 1.44. Universal Display Co. has a 52-week low of $133.67 and a 52-week high of $194.84. The firm's 50 day moving average price is $163.82 and its two-hundred day moving average price is $171.01.

Universal Display (NASDAQ:OLED - Get Free Report) last announced its quarterly earnings results on Thursday, May 2nd. The semiconductor company reported $1.19 EPS for the quarter, topping the consensus estimate of $1.05 by $0.14. The firm had revenue of $165.26 million for the quarter, compared to analyst estimates of $150.75 million. Universal Display had a net margin of 36.00% and a return on equity of 15.57%. Universal Display's revenue for the quarter was up 26.7% compared to the same quarter last year. During the same period last year, the business earned $0.83 EPS. As a group, sell-side analysts predict that Universal Display Co. will post 4.73 EPS for the current year.

Universal Display Dividend Announcement

The business also recently declared a quarterly dividend, which will be paid on Friday, June 28th. Shareholders of record on Friday, June 14th will be paid a dividend of $0.40 per share. This represents a $1.60 dividend on an annualized basis and a yield of 0.92%. The ex-dividend date of this dividend is Friday, June 14th. Universal Display's dividend payout ratio is currently 34.78%.

Insider Buying and Selling at Universal Display

In related news, SVP Mauro Premutico sold 8,202 shares of the business's stock in a transaction that occurred on Tuesday, May 7th. The stock was sold at an average price of $176.82, for a total transaction of $1,450,277.64. Following the transaction, the senior vice president now directly owns 28,743 shares of the company's stock, valued at approximately $5,082,337.26. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. In related news, EVP Julia J. Brown sold 10,358 shares of the stock in a transaction that occurred on Wednesday, May 8th. The stock was sold at an average price of $175.00, for a total value of $1,812,650.00. Following the completion of the transaction, the executive vice president now directly owns 56,624 shares of the company's stock, valued at approximately $9,909,200. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this link. Also, SVP Mauro Premutico sold 8,202 shares of the stock in a transaction that occurred on Tuesday, May 7th. The shares were sold at an average price of $176.82, for a total transaction of $1,450,277.64. Following the completion of the transaction, the senior vice president now owns 28,743 shares of the company's stock, valued at $5,082,337.26. The disclosure for this sale can be found here. 1.90% of the stock is owned by company insiders.

Wall Street Analyst Weigh In

A number of analysts have recently issued reports on the stock. Needham & Company LLC restated a "buy" rating and set a $198.00 target price on shares of Universal Display in a research note on Friday, May 3rd. Oppenheimer restated an "outperform" rating and set a $200.00 target price (down from $210.00) on shares of Universal Display in a research report on Friday, February 23rd. Finally, TD Cowen boosted their target price on Universal Display from $165.00 to $210.00 and gave the company an "outperform" rating in a research note on Friday, February 23rd. 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, the stock presently has an average rating of "Moderate Buy" and a consensus price target of $199.86.

Universal Display 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.