Triodos Investment Management BV Sells 20,000 Shares of Universal Display Co. (NASDAQ:OLED)

Triodos Investment Management BV cut its position in shares of Universal Display Co. (NASDAQ:OLED) by 57.1% in the second quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The fund owned 15,000 shares of the semiconductor company’s stock after selling 20,000 shares during the period. Triodos Investment Management BV’s holdings in Universal Display were worth $2,821,000 as of its most recent SEC filing.

Other institutional investors have also recently made changes to their positions in the company. Primecap Management Co. CA raised its holdings in shares of Universal Display by 1.2% in the first quarter. Primecap Management Co. CA now owns 4,768,412 shares of the semiconductor company’s stock worth $728,852,000 after buying an additional 55,493 shares during the period. BlackRock Inc. raised its holdings in shares of Universal Display by 1.2% in the first quarter. BlackRock Inc. now owns 3,799,251 shares of the semiconductor company’s stock worth $580,715,000 after buying an additional 44,364 shares during the period. Neuberger Berman Group LLC raised its holdings in shares of Universal Display by 1.4% in the first quarter. Neuberger Berman Group LLC now owns 1,357,193 shares of the semiconductor company’s stock worth $207,447,000 after buying an additional 19,187 shares during the period. Griffin Asset Management Inc. raised its holdings in shares of Universal Display by 31.4% in the first quarter. Griffin Asset Management Inc. now owns 496,734 shares of the semiconductor company’s stock worth $75,926,000 after buying an additional 118,830 shares during the period. Finally, Norges Bank purchased a new stake in shares of Universal Display in the fourth quarter worth approximately $40,599,000. 75.52% of the stock is owned by institutional investors.

In other news, VP Mauro Premutico sold 14,076 shares of Universal Display stock in a transaction on Tuesday, June 11th. The stock was sold at an average price of $175.16, for a total value of $2,465,552.16. Following the transaction, the vice president now directly owns 51,989 shares in the company, valued at approximately $9,106,393.24. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at this hyperlink. Also, insider Steven V. Abramson sold 30,000 shares of Universal Display stock in a transaction on Tuesday, June 18th. The shares were sold at an average price of $179.64, for a total value of $5,389,200.00. The disclosure for this sale can be found here. Insiders sold a total of 167,273 shares of company stock worth $32,390,462 over the last quarter. Company insiders own 3.70% of the company’s stock.

Several brokerages have recently weighed in on OLED. Susquehanna Bancshares reiterated a “neutral” rating and issued a $180.00 price target on shares of Universal Display in a report on Monday, April 29th. Citigroup increased their price target on Universal Display from $180.00 to $223.00 and gave the stock a “neutral” rating in a report on Friday, August 2nd. ValuEngine downgraded Universal Display from a “strong-buy” rating to a “buy” rating in a report on Friday, August 2nd. Roth Capital increased their price target on Universal Display from $172.00 to $206.00 and gave the stock a “neutral” rating in a report on Friday, August 2nd. Finally, BidaskClub downgraded Universal Display from a “strong-buy” rating to a “buy” rating in a report on Tuesday. Eight analysts have rated the stock with a hold rating and seven have issued a buy rating to the company’s stock. Universal Display currently has an average rating of “Hold” and a consensus target price of $182.46.

OLED traded down $3.53 during trading on Friday, hitting $212.69. 406,156 shares of the stock were exchanged, compared to its average volume of 745,703. The stock has a 50 day moving average price of $199.70. The firm has a market capitalization of $9.96 billion, a price-to-earnings ratio of 171.52, a price-to-earnings-growth ratio of 2.63 and a beta of 1.53. Universal Display Co. has a 1 year low of $78.78 and a 1 year high of $218.28.

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

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

Universal Display Company Profile

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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