Universal Display Corporation (OLED) Shares Bought by Sigma Planning Corp

Sigma Planning Corp boosted its stake in shares of Universal Display Corporation (NASDAQ:OLED) by 91.5% in the third quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 22,927 shares of the semiconductor company’s stock after buying an additional 10,953 shares during the quarter. Sigma Planning Corp’s holdings in Universal Display Corporation were worth $2,954,000 as of its most recent SEC filing.

A number of other institutional investors and hedge funds also recently made changes to their positions in OLED. Principal Financial Group Inc. lifted its holdings in Universal Display Corporation by 48.8% during the 1st quarter. Principal Financial Group Inc. now owns 8,709 shares of the semiconductor company’s stock valued at $750,000 after buying an additional 2,856 shares in the last quarter. Legal & General Group Plc lifted its holdings in Universal Display Corporation by 5.9% during the 1st quarter. Legal & General Group Plc now owns 14,415 shares of the semiconductor company’s stock valued at $1,240,000 after buying an additional 806 shares in the last quarter. Renaissance Technologies LLC bought a new stake in Universal Display Corporation during the 1st quarter valued at about $5,100,000. Bank of America Corp DE lifted its holdings in Universal Display Corporation by 33.4% during the 1st quarter. Bank of America Corp DE now owns 72,951 shares of the semiconductor company’s stock valued at $6,281,000 after buying an additional 18,272 shares in the last quarter. Finally, State Street Corp lifted its holdings in Universal Display Corporation by 3.1% during the 1st quarter. State Street Corp now owns 788,727 shares of the semiconductor company’s stock valued at $67,909,000 after buying an additional 23,770 shares in the last quarter. Institutional investors own 64.20% of the company’s stock.

Shares of Universal Display Corporation (NASDAQ OLED) traded up $1.15 during trading on Tuesday, hitting $177.05. 909,500 shares of the stock were exchanged, compared to its average volume of 822,258. Universal Display Corporation has a 52-week low of $52.10 and a 52-week high of $178.71. The stock has a market cap of $8,330.00, a P/E ratio of 86.22 and a beta of 1.03.

Universal Display Corporation (NASDAQ:OLED) last issued its quarterly earnings data on Thursday, November 2nd. The semiconductor company reported $0.28 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.09 by $0.19. Universal Display Corporation had a net margin of 32.92% and a return on equity of 16.67%. The firm had revenue of $61.70 million for the quarter, compared to the consensus estimate of $47.35 million. During the same quarter in the previous year, the firm earned ($0.03) EPS. The company’s quarterly revenue was up 104.3% compared to the same quarter last year. analysts predict that Universal Display Corporation will post 2.33 earnings per share for the current year.

The company also recently disclosed a quarterly dividend, which will be paid on Friday, December 29th. Stockholders of record on Friday, December 15th will be given a $0.03 dividend. This represents a $0.12 dividend on an annualized basis and a dividend yield of 0.07%. The ex-dividend date of this dividend is Thursday, December 14th. Universal Display Corporation’s payout ratio is currently 5.74%.

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In other news, insider Steven V. Abramson sold 18,744 shares of Universal Display Corporation stock in a transaction that occurred on Monday, November 6th. The shares were sold at an average price of $158.40, for a total value of $2,969,049.60. The sale was disclosed in a filing with the SEC, which is accessible through this hyperlink. Also, CFO Sidney D. Rosenblatt sold 50,240 shares of Universal Display Corporation stock in a transaction that occurred on Monday, September 18th. The stock was sold at an average price of $135.02, for a total transaction of $6,783,404.80. The disclosure for this sale can be found here. In the last ninety days, insiders sold 196,974 shares of company stock worth $30,133,174. Insiders own 5.20% of the company’s stock.

A number of research analysts have commented on OLED shares. Cowen and Company set a $140.00 target price on shares of Universal Display Corporation and gave the company a “buy” rating in a research report on Wednesday, October 11th. Zacks Investment Research downgraded shares of Universal Display Corporation from a “strong-buy” rating to a “hold” rating in a research report on Tuesday, October 17th. Cross Research downgraded shares of Universal Display Corporation from a “buy” rating to a “hold” rating in a research report on Tuesday, October 31st. Summit Redstone reissued a “hold” rating and set a $95.00 target price on shares of Universal Display Corporation in a research report on Tuesday, August 1st. Finally, Goldman Sachs Group, Inc. (The) reissued a “buy” rating and set a $161.00 target price (up previously from $150.00) on shares of Universal Display Corporation in a research report on Monday, September 18th. Nine analysts have rated the stock with a hold rating and five have assigned a buy rating to the company’s stock. The stock has a consensus rating of “Hold” and a consensus price target of $139.78.

Universal Display Corporation Company 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.

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

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