Public Employees Retirement Association of Colorado boosted its stake in shares of Universal Display Corporation (NASDAQ:OLED) by 14.8% during the second quarter, according to its most recent disclosure with the SEC. The institutional investor owned 10,156 shares of the semiconductor company’s stock after buying an additional 1,308 shares during the period. Public Employees Retirement Association of Colorado’s holdings in Universal Display Corporation were worth $1,110,000 as of its most recent SEC filing.

A number of other hedge funds and other institutional investors have also recently made changes to their positions in the stock. Great West Life Assurance Co. Can boosted its position in shares of 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 boosted its position in shares of 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 purchased a new position in shares of Universal Display Corporation during the first quarter valued at $543,000. Russell Investments Group Ltd. boosted its position in shares of 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. Finally, Strs Ohio boosted its position in shares of Universal Display Corporation by 115.4% in the first quarter. Strs Ohio now owns 5,600 shares of the semiconductor company’s stock valued at $482,000 after buying an additional 3,000 shares in the last quarter. 67.49% of the stock is owned by institutional investors and hedge funds.

Universal Display Corporation (NASDAQ OLED) opened at 111.65 on Tuesday. The company has a 50 day moving average price of $116.75 and a 200-day moving average price of $98.57. Universal Display Corporation has a 52-week low of $47.88 and a 52-week high of $130.65. The firm has a market cap of $5.25 billion, a price-to-earnings ratio of 64.72 and a beta of 1.05.

Universal Display Corporation (NASDAQ:OLED) last released its quarterly earnings data on Thursday, August 3rd. The semiconductor company reported $0.99 EPS for the quarter, beating analysts’ consensus estimates of $0.68 by $0.31. The business had revenue of $102.50 million during 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%. The firm’s revenue was up 59.2% on a year-over-year basis. During the same quarter in the prior year, the company posted $0.46 earnings per share. Equities research analysts anticipate that Universal Display Corporation will post $2.14 EPS for the current 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 issued a $0.03 dividend. 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 dividend payout ratio is presently 6.94%.

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Several brokerages recently weighed in on OLED. BidaskClub raised Universal Display Corporation from a “buy” rating to a “strong-buy” rating in a research note on Friday, June 9th. Summit Redstone reaffirmed a “hold” rating and set a $95.00 target price on shares of Universal Display Corporation in a research note on Tuesday, August 1st. Cowen and Company reaffirmed an “outperform” rating and set a $130.00 target price on shares of Universal Display Corporation in a research note on Tuesday, August 1st. Zacks Investment Research cut Universal Display Corporation from a “strong-buy” rating to a “hold” rating in a research note on Tuesday, July 18th. Finally, Susquehanna Bancshares Inc reaffirmed a “positive” rating and set a $150.00 target price (up previously from $120.00) on shares of Universal Display Corporation in a research note on Wednesday, August 9th. One investment analyst has rated the stock with a sell rating, five have given a hold rating, six have given a buy rating and one has given a strong buy rating to the stock. The company currently has a consensus rating of “Buy” and a consensus target price of $118.00.

In related news, CEO Steven V. Abramson sold 18,000 shares of the company’s stock in a transaction dated 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 completion of the sale, the chief executive officer now owns 262,888 shares in the company, valued at $32,737,442.64. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at the SEC website. Also, insider Julia J. Brown sold 10,000 shares of the company’s stock in a transaction dated Wednesday, July 19th. The shares were sold at an average price of $125.00, for a total value of $1,250,000.00. Following the completion of the sale, the insider now owns 162,932 shares of the company’s stock, valued at approximately $20,366,500. The disclosure for this sale can be found here. Insiders sold 31,750 shares of company stock valued at $3,919,940 in the last quarter. 5.70% of the stock is currently owned by corporate 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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