Delta Lloyd Asset Management N.V. Purchases Shares of 53,000 Universal Display Corporation (OLED)
Delta Lloyd Asset Management N.V. purchased a new position in shares of Universal Display Corporation (NASDAQ:OLED) during the second quarter, according to its most recent filing with the Securities and Exchange Commission. The firm purchased 53,000 shares of the semiconductor company’s stock, valued at approximately $5,790,000. Delta Lloyd Asset Management N.V. owned approximately 0.11% of Universal Display Corporation as of its most recent filing with the SEC.
Several other large investors also recently bought and sold shares of the stock. IFP Advisors Inc increased its stake in Universal Display Corporation by 307.5% in the second quarter. IFP Advisors Inc now owns 1,080 shares of the semiconductor company’s stock worth $118,000 after buying an additional 815 shares during the last quarter. FNY Partners Fund LP bought a new stake in Universal Display Corporation during the first quarter worth $146,000. Invictus RG bought a new stake in Universal Display Corporation during the first quarter worth $152,000. BNP Paribas Arbitrage SA increased its stake in Universal Display Corporation by 79.4% in the second quarter. BNP Paribas Arbitrage SA now owns 1,536 shares of the semiconductor company’s stock worth $168,000 after buying an additional 680 shares during the last quarter. Finally, Daiwa Securities Group Inc. bought a new stake in Universal Display Corporation during the second quarter worth $197,000. Institutional investors own 64.29% of the company’s stock.
Shares of Universal Display Corporation (NASDAQ OLED) opened at 126.95 on Friday. The company’s 50-day moving average is $117.58 and its 200 day moving average is $103.09. The firm has a market capitalization of $5.97 billion, a P/E ratio of 73.59 and a beta of 0.98. Universal Display Corporation has a 52-week low of $47.88 and a 52-week high of $130.65.
Universal Display Corporation (NASDAQ:OLED) last issued its quarterly earnings results on Thursday, August 3rd. The semiconductor company reported $0.99 EPS for the quarter, beating analysts’ consensus estimates of $0.68 by $0.31. Universal Display Corporation had a net margin of 31.15% and a return on equity of 14.90%. The business had revenue of $102.50 million for the quarter, compared to analysts’ expectations of $84.81 million. During the same period last year, the business earned $0.46 earnings per share. The business’s quarterly revenue was up 59.2% on a year-over-year basis. Analysts expect that Universal Display Corporation will post $2.14 EPS for the current fiscal year.
The firm also recently declared a quarterly dividend, which will be paid on Saturday, September 30th. Shareholders of record on Friday, September 15th will be given a dividend of $0.03 per share. This represents a $0.12 dividend on an annualized basis and a yield of 0.09%. The ex-dividend date of this dividend is Thursday, September 14th. Universal Display Corporation’s payout ratio is currently 6.94%.
OLED has been the topic of a number of research analyst reports. Gabelli restated a “buy” rating on shares of Universal Display Corporation in a research note on Monday, May 8th. Cross Research upgraded shares of Universal Display Corporation from a “hold” rating to a “buy” rating and set a $115.00 target price on the stock in a research report on Friday, May 5th. Goldman Sachs Group, Inc. (The) lifted their target price on shares of Universal Display Corporation from $100.00 to $125.00 and gave the stock a “buy” rating in a research report on Monday, May 8th. BidaskClub downgraded shares of Universal Display Corporation from a “strong-buy” rating to a “buy” rating in a research report on Saturday, June 17th. Finally, Cowen and Company set a $140.00 target price on shares of Universal Display Corporation and gave the stock a “buy” rating in a research report on Friday, August 4th. Six equities research analysts have rated the stock with a hold rating, seven have assigned a buy rating and one has assigned a strong buy rating to the stock. The stock presently has a consensus rating of “Buy” and an average target price of $119.89.
In other Universal Display Corporation news, insider Julia J. Brown sold 10,000 shares of the stock in a transaction that occurred on Wednesday, July 19th. The shares were sold at an average price of $125.00, for a total transaction of $1,250,000.00. Following the transaction, the insider now directly owns 162,932 shares in the company, valued at $20,366,500. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, CEO Steven V. Abramson sold 18,000 shares of the stock in a transaction that occurred on Wednesday, July 19th. The shares were sold at an average price of $124.53, for a total transaction of $2,241,540.00. Following the transaction, the chief executive officer now owns 262,888 shares in the company, valued at $32,737,442.64. The disclosure for this sale can be found here. 5.70% of the stock is owned by company insiders.
Universal Display Corporation Company Profile
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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