Geneva Advisors LLC continued to hold its position in Universal Display Corporation (NASDAQ:OLED) during the second quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The firm owned 4,935 shares of the semiconductor company’s stock at the end of the second quarter. Geneva Advisors LLC’s holdings in Universal Display Corporation were worth $539,000 as of its most recent SEC filing.

Several other institutional investors have also bought and sold shares of the company. Alps Advisors Inc. increased its position in Universal Display Corporation by 0.3% in the second quarter. Alps Advisors Inc. now owns 5,776 shares of the semiconductor company’s stock worth $631,000 after buying an additional 15 shares during the last quarter. Eqis Capital Management Inc. increased its position in 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 worth $380,000 after buying an additional 18 shares during the last quarter. Atlantic Trust LLC increased its position in Universal Display Corporation by 0.7% in the first quarter. Atlantic Trust LLC now owns 3,735 shares of the semiconductor company’s stock worth $322,000 after buying an additional 25 shares during the last quarter. Parallel Advisors LLC increased its position in Universal Display Corporation by 1.8% in the first quarter. Parallel Advisors LLC now owns 2,716 shares of the semiconductor company’s stock worth $246,000 after buying an additional 47 shares during the last quarter. Finally, Prudential Financial Inc. increased its position in Universal Display Corporation by 2.9% in the first quarter. Prudential Financial Inc. now owns 4,616 shares of the semiconductor company’s stock worth $397,000 after buying an additional 130 shares during the last quarter. 64.29% of the stock is currently owned by institutional investors.

Shares of Universal Display Corporation (NASDAQ OLED) opened at 124.45 on Thursday. The company has a market cap of $5.85 billion, a PE ratio of 72.14 and a beta of 1.05. The firm’s 50-day moving average is $116.44 and its 200-day moving average is $101.08. 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 posted its earnings results 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. The company had revenue of $102.50 million for the quarter, compared to the consensus estimate 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 quarterly revenue was up 59.2% compared to the same quarter last year. During the same period in the previous year, the business earned $0.46 earnings per share. On average, equities analysts forecast that Universal Display Corporation will post $2.14 earnings per share for the current fiscal year.

The company also recently announced 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. The ex-dividend date of this dividend is Thursday, September 14th. This represents a $0.12 dividend on an annualized basis and a yield of 0.10%. Universal Display Corporation’s payout ratio is 6.94%.

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A number of research firms recently issued reports on OLED. Deutsche Bank AG began coverage on shares of Universal Display Corporation in a report on Wednesday. They issued a “buy” rating and a $135.00 price objective 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 price objective on the stock in a report on Wednesday, May 17th. Susquehanna Bancshares Inc reissued a “positive” rating and issued a $150.00 price objective (up previously from $120.00) on shares of Universal Display Corporation in a report on Wednesday, August 9th. BidaskClub raised shares of Universal Display Corporation from a “sell” rating to a “hold” rating in a report on Friday, August 25th. Finally, 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 note on Friday, May 5th. Six investment analysts have rated the stock with a hold rating, seven have issued a buy rating and one has assigned a strong buy rating to the stock. Universal Display Corporation presently has an average rating of “Buy” and a consensus target price of $119.89.

In other Universal Display Corporation news, insider Julia J. Brown sold 10,000 shares of the business’s stock in a transaction on Wednesday, July 19th. The stock was sold at an average price of $125.00, for a total transaction of $1,250,000.00. Following the sale, the insider now directly owns 162,932 shares in the company, valued at $20,366,500. The transaction was disclosed in a document filed with the SEC, which can be accessed through the SEC website. Also, CEO Steven V. Abramson sold 18,000 shares of the business’s stock in a transaction on 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 sale, 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 currently owned by 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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Institutional Ownership by Quarter for Universal Display Corporation (NASDAQ:OLED)

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