Segall Bryant & Hamill LLC Boosts Holdings in Universal Display Co. (NASDAQ:OLED)

Segall Bryant & Hamill LLC lifted its position in Universal Display Co. (NASDAQ:OLED) by 21.1% during the 3rd quarter, according to the company in its most recent Form 13F filing with the SEC. The firm owned 109,030 shares of the semiconductor company’s stock after purchasing an additional 19,002 shares during the quarter. Segall Bryant & Hamill LLC owned about 0.23% of Universal Display worth $22,885,000 at the end of the most recent quarter.

A number of other institutional investors and hedge funds also recently made changes to their positions in OLED. Vanguard Group Inc. increased its stake in Universal Display by 1.1% in the 1st quarter. Vanguard Group Inc. now owns 4,567,374 shares of the semiconductor company’s stock worth $769,374,000 after acquiring an additional 50,233 shares during the last quarter. Primecap Management Co. CA increased its position in shares of Universal Display by 0.4% in the second quarter. Primecap Management Co. CA now owns 1,895,017 shares of the semiconductor company’s stock worth $398,427,000 after purchasing an additional 7,435 shares during the last quarter. Kayne Anderson Rudnick Investment Management LLC bought a new position in shares of Universal Display in the second quarter worth approximately $127,668,000. Van ECK Associates Corp lifted its position in Universal Display by 27.2% during the third quarter. Van ECK Associates Corp now owns 507,440 shares of the semiconductor company’s stock valued at $101,914,000 after purchasing an additional 108,394 shares during the last quarter. Finally, Dimensional Fund Advisors LP lifted its position in Universal Display by 27.3% during the second quarter. Dimensional Fund Advisors LP now owns 469,570 shares of the semiconductor company’s stock valued at $98,725,000 after purchasing an additional 100,809 shares during the last quarter. Hedge funds and other institutional investors own 78.19% of the company’s stock.

Analyst Ratings Changes

Several research firms have recently weighed in on OLED. Needham & Company LLC lowered their price objective on shares of Universal Display from $242.00 to $215.00 and set a “buy” rating on the stock in a research report on Thursday, October 31st. Oppenheimer decreased their price objective on Universal Display from $240.00 to $220.00 and set an “outperform” rating on the stock in a report on Thursday, October 31st. TD Cowen cut their price target on shares of Universal Display from $250.00 to $225.00 and set a “buy” rating on the stock in a report on Thursday, October 31st. Roth Mkm increased their target price on shares of Universal Display from $189.00 to $217.00 and gave the stock a “buy” rating in a report on Friday, August 2nd. Finally, Susquehanna boosted their price target on Universal Display from $170.00 to $175.00 and gave the company a “neutral” rating in a report on Friday, August 2nd. Two equities research analysts have rated the stock with a hold rating and six have given a buy rating to the company’s stock. Based on data from MarketBeat, the company presently has an average rating of “Moderate Buy” and a consensus price target of $215.63.

Insider Transactions at Universal Display

In related news, Director Lawrence Lacerte bought 742 shares of the stock in a transaction that occurred on Monday, November 4th. The shares were bought at an average cost of $180.89 per share, for a total transaction of $134,220.38. Following the completion of the transaction, the director now owns 122,372 shares of the company’s stock, valued at approximately $22,135,871.08. This trade represents a 0.61 % increase in their ownership of the stock. The acquisition was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. Corporate insiders own 1.90% of the company’s stock.

Universal Display Trading Down 0.5 %

Shares of OLED stock opened at $164.43 on Wednesday. Universal Display Co. has a 12-month low of $148.75 and a 12-month high of $237.00. The stock has a market capitalization of $7.80 billion, a P/E ratio of 33.02, a P/E/G ratio of 1.76 and a beta of 1.43. The firm’s 50 day moving average is $197.59 and its 200 day moving average is $195.96.

Universal Display (NASDAQ:OLED) last released its quarterly earnings results on Wednesday, October 30th. The semiconductor company reported $1.40 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $1.19 by $0.21. The firm had revenue of $161.63 million for the quarter, compared to the consensus estimate of $165.28 million. Universal Display had a return on equity of 15.75% and a net margin of 36.98%. The company’s revenue for the quarter was up 14.6% on a year-over-year basis. During the same period last year, the business posted $1.08 EPS. As a group, equities analysts predict that Universal Display Co. will post 4.79 earnings per share for the current year.

Universal Display Announces Dividend

The firm 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 dividend of $0.40 per share. The ex-dividend date of this dividend is Tuesday, December 17th. This represents a $1.60 annualized dividend and a yield of 0.97%. Universal Display’s dividend payout ratio (DPR) is 32.13%.

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.