Circle Wealth Management LLC Has $999,000 Stock Position in Universal Display Co. (NASDAQ:OLED)

Circle Wealth Management LLC increased its stake in shares of Universal Display Co. (NASDAQ:OLED) by 84.0% during the third quarter, according to the company in its most recent filing with the SEC. The fund owned 4,758 shares of the semiconductor company’s stock after acquiring an additional 2,172 shares during the period. Circle Wealth Management LLC’s holdings in Universal Display were worth $999,000 as of its most recent filing with the SEC.

A number of other hedge funds have also made changes to their positions in the stock. Primecap Management Co. CA increased its holdings in shares of Universal Display by 0.4% during the 2nd quarter. Primecap Management Co. CA now owns 1,895,017 shares of the semiconductor company’s stock valued at $398,427,000 after acquiring an additional 7,435 shares during the last quarter. Kayne Anderson Rudnick Investment Management LLC bought a new stake in shares of Universal Display in the 2nd quarter worth approximately $127,668,000. Van ECK Associates Corp lifted its position in shares of Universal Display by 27.2% in the 3rd quarter. Van ECK Associates Corp now owns 507,440 shares of the semiconductor company’s stock worth $101,914,000 after acquiring an additional 108,394 shares during the period. Dimensional Fund Advisors LP lifted its position in shares of Universal Display by 27.3% during the 2nd quarter. Dimensional Fund Advisors LP now owns 469,570 shares of the semiconductor company’s stock worth $98,725,000 after buying an additional 100,809 shares during the period. Finally, Bank of New York Mellon Corp boosted its stake in Universal Display by 5.1% in the 2nd quarter. Bank of New York Mellon Corp now owns 424,078 shares of the semiconductor company’s stock valued at $89,162,000 after buying an additional 20,737 shares in the last quarter. Institutional investors and hedge funds own 78.19% of the company’s stock.

Insider Activity at Universal Display

In other news, Director Lawrence Lacerte acquired 742 shares of the firm’s stock in a transaction dated Monday, November 4th. The stock was bought at an average price of $180.89 per share, with a total value of $134,220.38. Following the transaction, the director now directly owns 122,372 shares in the company, valued at approximately $22,135,871.08. The trade was a 0.61 % increase in their position. The purchase was disclosed in a legal filing with the SEC, which is accessible through this hyperlink. 1.90% of the stock is owned by insiders.

Analyst Ratings Changes

Several research analysts have issued reports on OLED shares. Roth Mkm increased their price objective on Universal Display from $189.00 to $217.00 and gave the stock a “buy” rating in a research note on Friday, August 2nd. Needham & Company LLC reduced their price target 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. Susquehanna upped their price objective on shares of Universal Display from $170.00 to $175.00 and gave the stock a “neutral” rating in a research note on Friday, August 2nd. TD Cowen decreased their price objective on shares of Universal Display from $250.00 to $225.00 and set a “buy” rating on the stock in a research note on Thursday, October 31st. Finally, Oppenheimer decreased their price objective on shares of Universal Display from $240.00 to $220.00 and set an “outperform” rating on the stock in a research note on Thursday, October 31st. Two analysts have rated the stock with a hold rating and six have issued a buy rating to the stock. According to MarketBeat, the company presently has an average rating of “Moderate Buy” and a consensus price target of $215.63.

Universal Display Stock Up 2.1 %

Shares of OLED stock opened at $164.52 on Friday. The firm has a fifty day moving average of $191.91 and a 200-day moving average of $195.21. Universal Display Co. has a 12-month low of $148.75 and a 12-month high of $237.00. The company has a market capitalization of $7.81 billion, a price-to-earnings ratio of 33.04, a P/E/G ratio of 1.73 and a beta of 1.43.

Universal Display (NASDAQ:OLED) last issued its quarterly earnings data on Wednesday, October 30th. The semiconductor company reported $1.40 earnings per share (EPS) for the quarter, topping the consensus estimate of $1.19 by $0.21. Universal Display had a net margin of 36.98% and a return on equity of 15.75%. The company had revenue of $161.63 million during the quarter, compared to the consensus estimate of $165.28 million. During the same quarter in the prior year, the firm earned $1.08 earnings per share. The firm’s revenue was up 14.6% compared to the same quarter last year. On average, equities analysts expect that Universal Display Co. will post 4.8 EPS 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 $0.40 dividend. This represents a $1.60 dividend on an annualized basis and a yield of 0.97%. The ex-dividend date of this dividend is Tuesday, December 17th. Universal Display’s dividend payout ratio (DPR) is currently 32.13%.

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 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.