SG Americas Securities LLC Grows Position in Universal Display Co. (NASDAQ:OLED)

SG Americas Securities LLC boosted its holdings in Universal Display Co. (NASDAQ:OLED) by 83.5% in the 2nd quarter, HoldingsChannel reports. The fund owned 35,170 shares of the semiconductor company’s stock after acquiring an additional 16,001 shares during the quarter. SG Americas Securities LLC’s holdings in Universal Display were worth $6,614,000 at the end of the most recent reporting period.

A number of other large investors have also added to or reduced their stakes in the business. Regal Investment Advisors LLC grew its holdings in Universal Display by 237.5% in the second quarter. Regal Investment Advisors LLC now owns 1,107 shares of the semiconductor company’s stock valued at $208,000 after purchasing an additional 779 shares during the last quarter. Creative Planning boosted its stake in shares of Universal Display by 5.6% during the second quarter. Creative Planning now owns 15,075 shares of the semiconductor company’s stock valued at $2,835,000 after acquiring an additional 800 shares during the last quarter. Virginia Retirement Systems ET AL boosted its stake in shares of Universal Display by 19.4% during the second quarter. Virginia Retirement Systems ET AL now owns 4,300 shares of the semiconductor company’s stock valued at $809,000 after acquiring an additional 700 shares during the last quarter. Arizona State Retirement System boosted its stake in shares of Universal Display by 1.3% during the second quarter. Arizona State Retirement System now owns 30,837 shares of the semiconductor company’s stock valued at $5,799,000 after acquiring an additional 392 shares during the last quarter. Finally, Regentatlantic Capital LLC acquired a new stake in shares of Universal Display during the second quarter valued at $217,000. Hedge funds and other institutional investors own 75.52% of the company’s stock.

NASDAQ:OLED traded down $3.53 during mid-day trading on Friday, reaching $212.69. The company’s stock had a trading volume of 406,156 shares, compared to its average volume of 760,146. The stock’s fifty day moving average price is $199.70. Universal Display Co. has a twelve month low of $78.78 and a twelve month high of $218.28. The company has a market cap of $10.19 billion, a PE ratio of 171.52, a P/E/G ratio of 2.69 and a beta of 1.53.

Universal Display (NASDAQ:OLED) last issued its quarterly earnings results on Thursday, August 1st. The semiconductor company reported $0.92 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.46 by $0.46. Universal Display had a return on equity of 16.52% and a net margin of 33.08%. The firm had revenue of $118.17 million for the quarter, compared to analyst estimates of $79.26 million. During the same period last year, the company earned $0.23 EPS. The firm’s quarterly revenue was up 110.5% on a year-over-year basis. As a group, research analysts expect that Universal Display Co. will post 2.68 EPS for the current year.

The firm also recently declared a quarterly dividend, which will be paid on Monday, September 30th. Shareholders of record on Monday, September 16th will be paid a $0.10 dividend. This represents a $0.40 dividend on an annualized basis and a yield of 0.19%. The ex-dividend date of this dividend is Friday, September 13th. Universal Display’s payout ratio is 32.26%.

In other Universal Display news, Director Lawrence Lacerte sold 30,000 shares of the firm’s stock in a transaction dated Wednesday, August 7th. The stock was sold at an average price of $205.84, for a total value of $6,175,200.00. Following the sale, the director now directly owns 308,536 shares of the company’s stock, valued at approximately $63,509,050.24. The sale was disclosed in a filing with the SEC, which can be accessed through this link. Also, insider Julia J. Brown sold 25,477 shares of the firm’s stock in a transaction dated Friday, July 12th. The stock was sold at an average price of $200.00, for a total value of $5,095,400.00. The disclosure for this sale can be found here. Over the last three months, insiders sold 167,273 shares of company stock worth $32,390,462. 3.70% of the stock is owned by corporate insiders.

A number of analysts recently commented on the company. Citigroup increased their price objective on Universal Display from $180.00 to $223.00 and gave the company a “neutral” rating in a research note on Friday, August 2nd. Susquehanna Bancshares reaffirmed a “neutral” rating and set a $180.00 price objective on shares of Universal Display in a research note on Monday, April 29th. ValuEngine lowered Universal Display from a “strong-buy” rating to a “buy” rating in a research note on Friday, August 2nd. Oppenheimer lowered Universal Display from an “outperform” rating to a “market perform” rating and set a $190.50 price objective on the stock. in a research note on Wednesday, July 10th. They noted that the move was a valuation call. Finally, Zacks Investment Research lowered Universal Display from a “strong-buy” rating to a “hold” rating in a research note on Wednesday, April 24th. Eight investment analysts have rated the stock with a hold rating and seven have assigned a buy rating to the stock. The company has an average rating of “Hold” and an average price target of $182.46.

About Universal Display

Universal Display Corporation engages in the research, development, and commercialization of organic light emitting diode (OLED) technologies and materials for use in flat panel displays and solid-state lighting applications. As of February 21, 2019, it owned or had exclusive and co-exclusive licenses, or had sole license rights with respect to approximately 5,000 issued and pending patents worldwide.

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

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