Axa reduced its stake in shares of Universal Display Co. (NASDAQ:OLED) by 2.8% during the 4th quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The institutional investor owned 48,600 shares of the semiconductor company’s stock after selling 1,400 shares during the period. Axa owned 0.10% of Universal Display worth $10,015,000 as of its most recent SEC filing.
Several other institutional investors also recently bought and sold shares of the company. Renaissance Technologies LLC lifted its stake in shares of Universal Display by 122.2% in the 4th quarter. Renaissance Technologies LLC now owns 385,739 shares of the semiconductor company’s stock valued at $79,489,000 after purchasing an additional 212,138 shares during the last quarter. Goldman Sachs Group Inc. lifted its stake in shares of Universal Display by 72.5% in the 4th quarter. Goldman Sachs Group Inc. now owns 490,247 shares of the semiconductor company’s stock valued at $101,025,000 after purchasing an additional 205,983 shares during the last quarter. FMR LLC lifted its stake in shares of Universal Display by 156,745.0% in the 1st quarter. FMR LLC now owns 202,330 shares of the semiconductor company’s stock valued at $30,926,000 after purchasing an additional 202,201 shares during the last quarter. Los Angeles Capital Management & Equity Research Inc. lifted its stake in shares of Universal Display by 319.0% in the 4th quarter. Los Angeles Capital Management & Equity Research Inc. now owns 140,510 shares of the semiconductor company’s stock valued at $28,955,000 after purchasing an additional 106,975 shares during the last quarter. Finally, Millennium Management LLC acquired a new stake in shares of Universal Display in the 3rd quarter valued at $16,573,000. Institutional investors and hedge funds own 65.60% of the company’s stock.
Several equities research analysts recently issued reports on the stock. Needham & Company LLC reaffirmed a “hold” rating on shares of Universal Display in a research note on Friday, February 21st. BidaskClub lowered shares of Universal Display from a “sell” rating to a “strong sell” rating in a research note on Friday, March 20th. Deutsche Bank reduced their price objective on shares of Universal Display from $220.00 to $180.00 and set a “buy” rating for the company in a research note on Friday. Roth Capital reduced their price objective on shares of Universal Display from to in a research note on Monday, February 24th. Finally, ValuEngine raised shares of Universal Display from a “sell” rating to a “hold” rating in a research note on Friday, February 28th. Two equities research analysts have rated the stock with a sell rating, seven have given a hold rating, two have issued a buy rating and one has issued a strong buy rating to the company’s stock. Universal Display currently has an average rating of “Hold” and an average price target of $194.45.
In related news, Director Cynthia Jane Comparin acquired 645 shares of the stock in a transaction dated Wednesday, February 26th. The stock was bought at an average price of $154.25 per share, with a total value of $99,491.25. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this link. 3.70% of the stock is owned by corporate insiders.
Shares of OLED stock opened at $134.06 on Friday. The firm’s 50 day moving average is $155.30 and its 200-day moving average is $183.02. Universal Display Co. has a 1 year low of $105.11 and a 1 year high of $230.32. The firm has a market capitalization of $6.60 billion, a price-to-earnings ratio of 45.91, a PEG ratio of 1.53 and a beta of 1.64.
Universal Display (NASDAQ:OLED) last announced its quarterly earnings data on Thursday, February 20th. The semiconductor company reported $0.68 earnings per share for the quarter, missing the Thomson Reuters’ consensus estimate of $0.72 by ($0.04). Universal Display had a net margin of 34.13% and a return on equity of 18.78%. The business had revenue of $101.70 million during the quarter, compared to analyst estimates of $100.53 million. During the same quarter in the prior year, the company earned $0.40 earnings per share. The company’s quarterly revenue was up 45.1% on a year-over-year basis. Equities research analysts anticipate that Universal Display Co. will post 3.05 earnings per share for the current year.
The company also recently announced a quarterly dividend, which will be paid on Tuesday, March 31st. Shareholders of record on Tuesday, March 17th will be issued a $0.15 dividend. The ex-dividend date is Monday, March 16th. This is a positive change from Universal Display’s previous quarterly dividend of $0.10. This represents a $0.60 annualized dividend and a yield of 0.45%. Universal Display’s dividend payout ratio (DPR) is 18.18%.
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 flat panel displays and solid-state lighting applications. As of February 21, 2019, it owned or had exclusive and co-exclusive licenses, or had sole license rights with respect to approximately 5,000 issued and pending patents worldwide.
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