Bristol Advisors LLC increased its position in Universal Display Corporation (NASDAQ:OLED) by 233.3% during the second quarter, according to its most recent 13F filing with the SEC. The institutional investor owned 20,000 shares of the semiconductor company’s stock after buying an additional 14,000 shares during the period. Universal Display Corporation accounts for about 1.5% of Bristol Advisors LLC’s holdings, making the stock its 8th largest position. Bristol Advisors LLC’s holdings in Universal Display Corporation were worth $2,185,000 as of its most recent SEC filing.

A number of other hedge funds also recently added to or reduced their stakes in the company. BlackRock Inc. boosted its stake in Universal Display Corporation by 82,293.2% in the first quarter. BlackRock Inc. now owns 2,817,024 shares of the semiconductor company’s stock worth $242,545,000 after buying an additional 2,813,605 shares during the last quarter. TimesSquare Capital Management LLC acquired a new position in shares of Universal Display Corporation during the first quarter worth approximately $34,440,000. Columbus Circle Investors boosted its position in shares of Universal Display Corporation by 41.5% in the first quarter. Columbus Circle Investors now owns 884,208 shares of the semiconductor company’s stock worth $76,130,000 after buying an additional 259,267 shares during the last quarter. FMR LLC boosted its position in shares of Universal Display Corporation by 193.6% in the first quarter. FMR LLC now owns 325,005 shares of the semiconductor company’s stock worth $27,983,000 after buying an additional 214,324 shares during the last quarter. Finally, ARS Investment Partners LLC acquired a new position in shares of Universal Display Corporation during the first quarter worth approximately $17,603,000. 67.49% of the stock is currently owned by institutional investors.

Universal Display Corporation (NASDAQ OLED) opened at 111.75 on Wednesday. The stock’s 50 day moving average price is $116.59 and its 200 day moving average price is $98.91. The firm has a market cap of $5.26 billion, a P/E ratio of 64.78 and a beta of 1.05. Universal Display Corporation has a 1-year low of $47.88 and a 1-year high of $130.65.

Universal Display Corporation (NASDAQ:OLED) last released its quarterly earnings results on Thursday, August 3rd. The semiconductor company reported $0.99 earnings per share for the quarter, beating the Zacks’ consensus estimate of $0.68 by $0.31. The business had revenue of $102.50 million during the quarter, compared to analyst estimates of $84.81 million. Universal Display Corporation had a return on equity of 14.90% and a net margin of 31.15%. Universal Display Corporation’s revenue for the quarter was up 59.2% on a year-over-year basis. During the same quarter last year, the company posted $0.46 EPS. Equities research analysts predict that Universal Display Corporation will post $2.14 EPS for the current year.

The firm also recently disclosed a quarterly dividend, which will be paid on Saturday, September 30th. Investors of record on Friday, September 15th will be paid a $0.03 dividend. This represents a $0.12 annualized dividend and a yield of 0.11%. The ex-dividend date is Thursday, September 14th. Universal Display Corporation’s dividend payout ratio is currently 6.94%.

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A number of equities analysts have recently commented on the stock. Zacks Investment Research raised shares of Universal Display Corporation from a “hold” rating to a “strong-buy” rating and set a $134.00 target price on the stock in a report on Wednesday, May 17th. Susquehanna Bancshares Inc reaffirmed a “positive” rating and issued a $150.00 target price (up from $120.00) on shares of Universal Display Corporation in a report on Wednesday, August 9th. BidaskClub cut shares of Universal Display Corporation from a “strong-buy” rating to a “buy” rating in a report on Saturday, June 17th. Goldman Sachs Group, Inc. (The) reaffirmed a “buy” rating and issued a $150.00 target price (up from $140.00) on shares of Universal Display Corporation in a report on Wednesday, August 9th. Finally, Cross Research upgraded shares of Universal Display Corporation from a “hold” rating to a “buy” rating and set a $115.00 price objective on the stock in a research report on Friday, May 5th. One analyst has rated the stock with a sell rating, five have assigned a hold rating, six have assigned a buy rating and one has issued a strong buy rating to the company’s stock. The company presently has an average rating of “Buy” and a consensus price target of $118.00.

In related news, Director Leonard Becker sold 3,750 shares of the stock in a transaction dated Wednesday, May 24th. The stock was sold at an average price of $114.24, for a total value of $428,400.00. Following the completion of the sale, the director now directly owns 13,750 shares of the company’s stock, valued at approximately $1,570,800. The sale was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. Also, CEO Steven V. Abramson sold 18,000 shares of the stock in a transaction dated Wednesday, July 19th. The stock was sold at an average price of $124.53, for a total value of $2,241,540.00. Following the completion of the sale, the chief executive officer now directly owns 262,888 shares of the company’s stock, valued at $32,737,442.64. The disclosure for this sale can be found here. Over the last three months, insiders sold 31,750 shares of company stock valued at $3,919,940. Company insiders own 5.70% of the company’s stock.

About Universal Display Corporation

Universal Display Corporation is engaged in the research, development and commercialization of organic light emitting diode (OLED), technologies and materials for use in display and solid-state lighting applications. The Company also supplies its OLED materials to manufacturers of OLED displays and lighting products for evaluation and for use in product development and for pre-commercial activities, and it also provides technical assistance and support to these manufacturers.

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

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