Great West Life Assurance Co. Can increased its position in shares of Universal Display Corporation (NASDAQ:OLED) by 214.5% during the third quarter, according to the company in its most recent Form 13F filing with the SEC. The fund owned 15,248 shares of the semiconductor company’s stock after acquiring an additional 10,400 shares during the quarter. Great West Life Assurance Co. Can’s holdings in Universal Display were worth $1,955,000 as of its most recent filing with the SEC.

A number of other hedge funds and other institutional investors have also recently made changes to their positions in OLED. Schroder Investment Management Group acquired a new stake in Universal Display during the second quarter worth approximately $25,450,000. Newbrook Capital Advisors LP boosted its position in Universal Display by 49.4% during the second quarter. Newbrook Capital Advisors LP now owns 558,174 shares of the semiconductor company’s stock worth $60,981,000 after acquiring an additional 184,683 shares during the last quarter. Columbus Circle Investors boosted its position in Universal Display by 24.1% during the third quarter. Columbus Circle Investors now owns 843,537 shares of the semiconductor company’s stock worth $108,690,000 after acquiring an additional 163,569 shares during the last quarter. Scout Investments Inc. acquired a new stake in Universal Display during the third quarter worth approximately $12,515,000. Finally, Neuberger Berman Group LLC boosted its position in Universal Display by 18.2% during the second quarter. Neuberger Berman Group LLC now owns 606,472 shares of the semiconductor company’s stock worth $66,257,000 after acquiring an additional 93,223 shares during the last quarter. Hedge funds and other institutional investors own 65.03% of the company’s stock.

Universal Display Corporation (OLED) opened at $170.55 on Monday. The firm has a market cap of $8,020.00, a price-to-earnings ratio of 83.60 and a beta of 1.06. Universal Display Corporation has a 1-year low of $55.30 and a 1-year high of $192.75.

Universal Display (NASDAQ:OLED) last announced its quarterly earnings results on Thursday, November 2nd. The semiconductor company reported $0.28 earnings per share for the quarter, beating the Zacks’ consensus estimate of $0.09 by $0.19. The company had revenue of $61.70 million for the quarter, compared to analyst estimates of $47.35 million. Universal Display had a net margin of 32.92% and a return on equity of 16.67%. Universal Display’s revenue for the quarter was up 104.3% on a year-over-year basis. During the same quarter last year, the business earned ($0.03) EPS. research analysts expect that Universal Display Corporation will post 2.33 earnings per share for the current year.

The firm also recently announced a quarterly dividend, which will be paid on Friday, December 29th. Investors of record on Friday, December 15th will be issued a dividend of $0.03 per share. The ex-dividend date of this dividend is Thursday, December 14th. This represents a $0.12 annualized dividend and a dividend yield of 0.07%. Universal Display’s payout ratio is 5.74%.

A number of equities analysts have weighed in on OLED shares. Zacks Investment Research lowered shares of Universal Display from a “buy” rating to a “hold” rating in a report on Tuesday, November 14th. Evercore ISI started coverage on shares of Universal Display in a report on Thursday, November 30th. They issued an “outperform” rating and a $225.00 price target on the stock. Cowen set a $140.00 price target on shares of Universal Display and gave the company a “buy” rating in a report on Wednesday, October 11th. Needham & Company LLC reiterated a “hold” rating on shares of Universal Display in a report on Friday, November 3rd. Finally, Susquehanna Bancshares reiterated a “positive” rating and issued a $150.00 price target on shares of Universal Display in a report on Tuesday, September 5th. Eight research analysts have rated the stock with a hold rating and seven have given a buy rating to the stock. Universal Display has an average rating of “Hold” and an average price target of $155.30.

In related news, insider Julia J. Brown sold 10,000 shares of Universal Display stock in a transaction on Friday, November 3rd. The shares were sold at an average price of $150.00, for a total transaction of $1,500,000.00. Following the transaction, the insider now owns 152,932 shares in the company, valued at approximately $22,939,800. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, Director Rosemarie B. Greco sold 1,250 shares of Universal Display stock in a transaction on Thursday, November 9th. The shares were sold at an average price of $168.63, for a total transaction of $210,787.50. Following the transaction, the director now owns 12,800 shares in the company, valued at approximately $2,158,464. The disclosure for this sale can be found here. Insiders have sold a total of 146,734 shares of company stock worth $23,349,769 in the last 90 days. Company insiders own 5.20% of the company’s stock.

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Universal Display 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.

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

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