Dynamic Capital Management Ltd Makes New Investment in Universal Display Co. (NASDAQ:OLED)

Dynamic Capital Management Ltd bought a new position in Universal Display Co. (NASDAQ:OLED) during the 2nd quarter, according to its most recent disclosure with the Securities and Exchange Commission. The firm bought 1,250 shares of the semiconductor company’s stock, valued at approximately $235,000.

Several other institutional investors and hedge funds have also recently modified their holdings of OLED. Meridian Wealth Management LLC acquired a new position in Universal Display in the first quarter worth about $31,000. TCI Wealth Advisors Inc. raised its holdings in shares of Universal Display by 1,458.3% during the second quarter. TCI Wealth Advisors Inc. now owns 187 shares of the semiconductor company’s stock valued at $35,000 after buying an additional 175 shares during the last quarter. Weaver Consulting Group bought a new stake in shares of Universal Display during the first quarter valued at approximately $39,000. Capital Investment Advisory Services LLC raised its holdings in shares of Universal Display by 94.0% during the second quarter. Capital Investment Advisory Services LLC now owns 194 shares of the semiconductor company’s stock valued at $40,000 after buying an additional 94 shares during the last quarter. Finally, Regal Investment Advisors LLC bought a new stake in shares of Universal Display during the first quarter valued at approximately $50,000. 69.34% of the stock is currently owned by institutional investors and hedge funds.

OLED has been the topic of a number of recent analyst reports. Deutsche Bank set a $230.00 price target on Universal Display and gave the company a “buy” rating in a report on Friday, August 16th. BidaskClub cut Universal Display from a “strong-buy” rating to a “buy” rating in a report on Sunday, August 18th. ValuEngine cut Universal Display from a “strong-buy” rating to a “buy” rating in a report on Friday, August 2nd. Susquehanna Bancshares reissued a “negative” rating on shares of Universal Display in a report on Thursday. Finally, Berenberg Bank started coverage on shares of Universal Display in a research report on Wednesday, July 24th. They set a “hold” rating and a $192.00 price objective on the stock. One equities research analyst has rated the stock with a sell rating, seven have issued a hold rating and seven have given a buy rating to the company’s stock. The company currently has a consensus rating of “Hold” and an average target price of $183.29.

In related news, insider Steven V. Abramson sold 30,000 shares of Universal Display stock in a transaction that occurred on Tuesday, June 18th. The shares were sold at an average price of $179.64, for a total transaction of $5,389,200.00. The sale was disclosed in a document filed with the SEC, which is available through the SEC website. Also, CEO Steven V. Abramson sold 31,182 shares of the business’s stock in a transaction that occurred on Thursday, September 5th. The stock was sold at an average price of $222.02, for a total transaction of $6,923,027.64. Following the sale, the chief executive officer now directly owns 146,493 shares in the company, valued at $32,524,375.86. The disclosure for this sale can be found here. In the last 90 days, insiders have sold 194,907 shares of company stock valued at $39,103,772. 3.70% of the stock is currently owned by corporate insiders.

Shares of OLED traded up $1.71 during trading hours on Friday, reaching $185.20. 5,671 shares of the company traded hands, compared to its average volume of 594,457. The stock’s fifty day moving average is $209.64 and its 200 day moving average is $178.29. Universal Display Co. has a 1-year low of $78.78 and a 1-year high of $230.32. The stock has a market cap of $8.96 billion, a P/E ratio of 148.90, a price-to-earnings-growth ratio of 2.36 and a beta of 1.53.

Universal Display (NASDAQ:OLED) last released its earnings results on Thursday, August 1st. The semiconductor company reported $0.92 earnings per share for the quarter, beating analysts’ consensus estimates of $0.46 by $0.46. The business had revenue of $118.17 million during the quarter, compared to the consensus estimate of $79.26 million. Universal Display had a net margin of 33.08% and a return on equity of 16.52%. The firm’s revenue for the quarter was up 110.5% compared to the same quarter last year. During the same quarter last year, the firm earned $0.23 earnings per share. Sell-side analysts predict that Universal Display Co. will post 2.68 EPS for the current fiscal year.

The business also recently announced a quarterly dividend, which will be paid on Monday, September 30th. Stockholders of record on Monday, September 16th will be paid a dividend of $0.10 per share. This represents a $0.40 dividend on an annualized basis and a dividend yield of 0.22%. The ex-dividend date of this dividend is Friday, September 13th. Universal Display’s dividend payout ratio is presently 32.26%.

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

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