5,358 Shares in Universal Display Co. (NASDAQ:OLED) Purchased by Chesapeake Capital Corp IL

Chesapeake Capital Corp IL acquired a new position in shares of Universal Display Co. (NASDAQ:OLEDFree Report) in the fourth quarter, according to its most recent filing with the Securities & Exchange Commission. The firm acquired 5,358 shares of the semiconductor company’s stock, valued at approximately $1,025,000.

A number of other hedge funds have also modified their holdings of OLED. Treasurer of the State of North Carolina grew its stake in Universal Display by 0.5% in the third quarter. Treasurer of the State of North Carolina now owns 20,516 shares of the semiconductor company’s stock valued at $3,221,000 after purchasing an additional 100 shares in the last quarter. CWM LLC grew its stake in Universal Display by 21.0% in the fourth quarter. CWM LLC now owns 606 shares of the semiconductor company’s stock valued at $116,000 after purchasing an additional 105 shares in the last quarter. Brown Advisory Inc. grew its stake in Universal Display by 7.0% in the fourth quarter. Brown Advisory Inc. now owns 1,736 shares of the semiconductor company’s stock valued at $332,000 after purchasing an additional 114 shares in the last quarter. Envestnet Portfolio Solutions Inc. grew its stake in Universal Display by 8.1% in the fourth quarter. Envestnet Portfolio Solutions Inc. now owns 1,565 shares of the semiconductor company’s stock valued at $299,000 after purchasing an additional 117 shares in the last quarter. Finally, Benjamin F. Edwards & Company Inc. bought a new position in Universal Display in the fourth quarter valued at approximately $25,000. 78.19% of the stock is currently owned by institutional investors.

Wall Street Analyst Weigh In

A number of research firms have weighed in on OLED. TD Cowen raised their price target on Universal Display from $165.00 to $210.00 and gave the company an “outperform” rating in a research note on Friday, February 23rd. Needham & Company LLC reaffirmed a “buy” rating and issued a $198.00 price objective on shares of Universal Display in a research report on Friday, May 3rd. Finally, Oppenheimer reaffirmed an “outperform” rating and issued a $200.00 price objective (down from $210.00) on shares of Universal Display in a research report on Friday, February 23rd. Two research analysts have rated the stock with a hold rating and six have given a buy rating to the stock. According to MarketBeat, the company presently has an average rating of “Moderate Buy” and a consensus target price of $199.86.

Read Our Latest Stock Analysis on OLED

Universal Display Trading Up 1.3 %

Shares of OLED traded up $2.23 during mid-day trading on Friday, reaching $176.59. The company’s stock had a trading volume of 266,853 shares, compared to its average volume of 299,558. The stock has a market cap of $8.38 billion, a P/E ratio of 38.39, a PEG ratio of 1.91 and a beta of 1.44. The business has a 50-day simple moving average of $165.02 and a two-hundred day simple moving average of $171.96. Universal Display Co. has a 1-year low of $133.67 and a 1-year high of $194.84.

Universal Display (NASDAQ:OLEDGet Free Report) last released its quarterly earnings results on Thursday, May 2nd. The semiconductor company reported $1.19 earnings per share for the quarter, topping the consensus estimate of $1.05 by $0.14. The business had revenue of $165.26 million during the quarter, compared to analysts’ expectations of $150.75 million. Universal Display had a return on equity of 15.57% and a net margin of 36.00%. The firm’s revenue for the quarter was up 26.7% compared to the same quarter last year. During the same period last year, the firm posted $0.83 EPS. Research analysts anticipate that Universal Display Co. will post 4.76 EPS for the current year.

Universal Display Dividend Announcement

The company also recently declared a quarterly dividend, which will be paid on Friday, June 28th. Investors of record on Friday, June 14th will be issued a dividend of $0.40 per share. The ex-dividend date is Friday, June 14th. This represents a $1.60 annualized dividend and a yield of 0.91%. Universal Display’s payout ratio is currently 34.78%.

Insider Buying and Selling

In related news, SVP Mauro Premutico sold 8,202 shares of Universal Display 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 completion of the sale, 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 legal filing with the SEC, which is accessible through the SEC website. In other news, EVP Julia J. Brown sold 10,358 shares of the company’s stock in a transaction on Wednesday, May 8th. The stock was sold at an average price of $175.00, for a total transaction of $1,812,650.00. Following the completion of the sale, the executive vice president now directly owns 56,624 shares in the company, valued at approximately $9,909,200. The transaction was disclosed in a filing with the SEC, which is accessible through this hyperlink. Also, SVP Mauro Premutico sold 8,202 shares of the company’s stock in a transaction on Tuesday, May 7th. The shares were sold at an average price of $176.82, for a total value of $1,450,277.64. Following the sale, 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 currently owned by insiders.

Universal Display Profile

(Free Report)

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.

See Also

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Institutional Ownership by Quarter for Universal Display (NASDAQ:OLED)

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