Oppenheimer Asset Management Inc. reduced its holdings in Universal Display Corporation (NASDAQ:OLED) by 14.9% in the third quarter, according to its most recent filing with the Securities & Exchange Commission. The institutional investor owned 7,451 shares of the semiconductor company’s stock after selling 1,309 shares during the period. Oppenheimer Asset Management Inc.’s holdings in Universal Display were worth $960,000 as of its most recent filing with the Securities & Exchange Commission.

Several other large investors have also modified their holdings of the business. Alps Advisors Inc. grew its stake in shares of Universal Display by 0.3% in the 2nd quarter. Alps Advisors Inc. now owns 5,776 shares of the semiconductor company’s stock worth $631,000 after buying an additional 15 shares in the last quarter. Stifel Financial Corp grew its stake in shares of Universal Display by 2.6% in the 2nd quarter. Stifel Financial Corp now owns 3,362 shares of the semiconductor company’s stock worth $370,000 after buying an additional 86 shares in the last quarter. Advisor Group Inc. grew its stake in shares of Universal Display by 5.3% in the 2nd quarter. Advisor Group Inc. now owns 2,649 shares of the semiconductor company’s stock worth $286,000 after buying an additional 134 shares in the last quarter. Blair William & Co. IL grew its stake in shares of Universal Display by 2.7% in the 2nd quarter. Blair William & Co. IL now owns 5,638 shares of the semiconductor company’s stock worth $616,000 after buying an additional 150 shares in the last quarter. Finally, Zurcher Kantonalbank Zurich Cantonalbank grew its stake in shares of Universal Display by 8.7% in the 3rd quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 5,588 shares of the semiconductor company’s stock worth $720,000 after buying an additional 445 shares in the last quarter. 65.03% of the stock is owned by institutional investors and hedge funds.

In related news, insider Steven V. Abramson sold 18,744 shares of Universal Display stock in a transaction dated Monday, November 6th. The shares were sold at an average price of $158.40, for a total transaction of $2,969,049.60. The sale 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 dated Thursday, November 9th. The shares were sold at an average price of $168.63, for a total transaction of $210,787.50. Following the sale, the director now owns 12,800 shares of the company’s stock, valued at approximately $2,158,464. The disclosure for this sale can be found here. Insiders have sold a total of 196,974 shares of company stock valued at $30,133,174 in the last quarter. 5.20% of the stock is currently owned by company insiders.

Several equities research analysts have recently issued reports on the stock. Deutsche Bank raised their target price on shares of Universal Display to $190.00 and gave the stock a “buy” rating in a report on Friday, December 8th. BidaskClub lowered shares of Universal Display from a “buy” rating to a “hold” rating in a report on Wednesday, December 6th. Evercore ISI assumed coverage on shares of Universal Display in a report on Thursday, November 30th. They issued an “outperform” rating and a $225.00 target price for the company. Zacks Investment Research upgraded shares of Universal Display from a “hold” rating to a “buy” rating and set a $198.00 target price for the company in a report on Wednesday, November 15th. Finally, Cowen restated an “outperform” rating and issued a $195.00 target price (up previously from $155.00) on shares of Universal Display in a report on Friday, November 10th. Eight analysts have rated the stock with a hold rating and seven have given a buy rating to the company’s stock. The company presently has a consensus rating of “Hold” and a consensus target price of $155.30.

Shares of Universal Display Corporation (NASDAQ:OLED) opened at $170.50 on Friday. The stock has a market cap of $8,020.00, a PE ratio of 83.09 and a beta of 1.06. Universal Display Corporation has a twelve month low of $55.30 and a twelve month high of $192.75.

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

The business also recently disclosed 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 dividend on an annualized basis and a yield of 0.07%. Universal Display’s payout ratio is 5.74%.

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About Universal Display

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 (NASDAQ:OLED)

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