11,817 Shares in Universal Display Corporation $OLED Purchased by Sanctuary Advisors LLC

Sanctuary Advisors LLC bought a new stake in Universal Display Corporation (NASDAQ:OLED) during the second quarter, according to the company in its most recent Form 13F filing with the SEC. The firm bought 11,817 shares of the semiconductor company’s stock, valued at approximately $1,023,000.

Several other institutional investors have also recently bought and sold shares of the company. Focus Partners Wealth raised its holdings in shares of Universal Display by 6.4% in the first quarter. Focus Partners Wealth now owns 3,680 shares of the semiconductor company’s stock valued at $513,000 after purchasing an additional 221 shares during the last quarter. American Century Companies Inc. boosted its holdings in Universal Display by 2.3% during the second quarter. American Century Companies Inc. now owns 12,766 shares of the semiconductor company’s stock worth $1,972,000 after purchasing an additional 285 shares during the last quarter. Invesco Ltd. grew its position in Universal Display by 1.8% in the second quarter. Invesco Ltd. now owns 112,982 shares of the semiconductor company’s stock valued at $17,451,000 after purchasing an additional 2,040 shares in the last quarter. Marshall Wace LLP bought a new position in Universal Display in the second quarter valued at $2,220,000. Finally, Cresset Asset Management LLC increased its stake in Universal Display by 64.2% in the 2nd quarter. Cresset Asset Management LLC now owns 2,512 shares of the semiconductor company’s stock valued at $388,000 after buying an additional 982 shares during the last quarter. Institutional investors own 78.19% of the company’s stock.

Universal Display Trading Down 2.3%

Shares of OLED opened at $84.85 on Friday. The company has a market cap of $3.90 billion, a price-to-earnings ratio of 20.54 and a beta of 1.54. Universal Display Corporation has a 1-year low of $76.42 and a 1-year high of $153.38. The company’s fifty day simple moving average is $84.19 and its 200 day simple moving average is $92.85.

Universal Display (NASDAQ:OLED) last posted its quarterly earnings results on Thursday, July 30th. The semiconductor company reported $1.06 earnings per share (EPS) for the quarter, topping the consensus estimate of $1.03 by $0.03. The firm had revenue of $152.16 million for the quarter, compared to analyst estimates of $157.54 million. Universal Display had a net margin of 32.24% and a return on equity of 11.35%. The company’s quarterly revenue was down 11.4% compared to the same quarter last year. During the same period in the prior year, the firm posted $1.41 earnings per share. As a group, research analysts forecast that Universal Display Corporation will post 4.17 earnings per share for the current year.

Universal Display Announces Dividend

The company also recently announced a quarterly dividend, which will be paid on Wednesday, September 30th. Stockholders of record on Wednesday, September 16th will be issued a $0.50 dividend. This represents a $2.00 dividend on an annualized basis and a dividend yield of 2.4%. The ex-dividend date of this dividend is Wednesday, September 16th. Universal Display’s dividend payout ratio is presently 48.43%.

Analysts Set New Price Targets

Several equities research analysts have commented on OLED shares. Weiss Ratings cut shares of Universal Display from a “hold (c-)” rating to a “sell (d+)” rating in a research report on Tuesday, July 28th. Citigroup decreased their price objective on Universal Display from $100.00 to $85.00 and set a “neutral” rating for the company in a report on Monday, August 3rd. Zacks Research raised Universal Display from a “strong sell” rating to a “hold” rating in a research report on Thursday, August 13th. Needham & Company LLC dropped their target price on Universal Display from $120.00 to $100.00 and set a “buy” rating on the stock in a report on Friday, July 31st. Finally, Oppenheimer reissued an “outperform” rating and set a $120.00 price target (down from $130.00) on shares of Universal Display in a research report on Friday, July 31st. Three investment analysts have rated the stock with a Buy rating, four have issued a Hold rating and one has given a Sell rating to the company’s stock. Based on data from MarketBeat.com, the stock has an average rating of “Hold” and a consensus price target of $116.33.

Universal Display Profile

Universal Display Corporation (NASDAQ: OLED) is a technology company specializing in organic light-emitting diode (OLED) solutions. The company develops and commercializes materials, technologies and software used in the creation of OLED displays and lighting. Its offerings include proprietary phosphorescent OLED (PHOLED) materials, display driver integrated circuits and process technologies that enable higher efficiency, longer lifetimes and improved color performance for a range of display and lighting applications.

Universal Display’s core business is licensing its extensive OLED patent portfolio to display manufacturers and providing them with the key organic materials needed for device fabrication.