Fernwood Investment Management LLC boosted its stake in shares of Universal Display Corporation (NASDAQ:OLED) by 61.1% during the second quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor owned 7,570 shares of the semiconductor company’s stock after buying an additional 2,870 shares during the period. Fernwood Investment Management LLC’s holdings in Universal Display Corporation were worth $827,000 at the end of the most recent reporting period.

A number of other institutional investors have also recently made changes to their positions in the stock. Eqis Capital Management Inc. raised its position in shares of Universal Display Corporation by 0.4% in the first quarter. Eqis Capital Management Inc. now owns 4,408 shares of the semiconductor company’s stock valued at $380,000 after buying an additional 18 shares in the last quarter. Great West Life Assurance Co. Can raised its position in Universal Display Corporation by 26.0% in the first quarter. Great West Life Assurance Co. Can now owns 4,848 shares of the semiconductor company’s stock valued at $416,000 after buying an additional 1,000 shares in the last quarter. Kornitzer Capital Management Inc. KS raised its position in Universal Display Corporation by 0.8% in the first quarter. Kornitzer Capital Management Inc. KS now owns 97,485 shares of the semiconductor company’s stock valued at $8,393,000 after buying an additional 755 shares in the last quarter. Advisory Services Network LLC bought a new position in Universal Display Corporation during the first quarter valued at about $543,000. Finally, Russell Investments Group Ltd. raised its position in Universal Display Corporation by 292.4% in the first quarter. Russell Investments Group Ltd. now owns 66,412 shares of the semiconductor company’s stock valued at $5,717,000 after buying an additional 49,488 shares in the last quarter. 67.49% of the stock is owned by institutional investors and hedge funds.

Universal Display Corporation (OLED) opened at 111.75 on Wednesday. Universal Display Corporation has a 12 month low of $47.88 and a 12 month high of $130.65. The stock has a market cap of $5.26 billion, a price-to-earnings ratio of 64.78 and a beta of 1.05. The firm has a 50-day moving average price of $116.59 and a 200-day moving average price of $98.91.

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

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

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

In related news, CEO Steven V. Abramson sold 18,000 shares of Universal Display Corporation stock in a transaction that occurred on Wednesday, July 19th. The stock was 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 sale was disclosed in a document filed with the SEC, which is accessible through this link. Also, insider Julia J. Brown sold 10,000 shares of Universal Display Corporation stock in a transaction that occurred on Wednesday, July 19th. The stock was sold at an average price of $125.00, for a total value of $1,250,000.00. Following the transaction, the insider now owns 162,932 shares in the company, valued at approximately $20,366,500. The disclosure for this sale can be found here. In the last quarter, insiders have sold 31,750 shares of company stock worth $3,919,940. 5.70% of the stock is currently owned by company insiders.

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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