Handelsbanken Fonder AB Has $4.32 Million Position in Universal Display Corporation (NASDAQ:OLED)

Handelsbanken Fonder AB cut its stake in shares of Universal Display Corporation (NASDAQ:OLED) by 23.0% during the third quarter, according to its most recent disclosure with the SEC. The institutional investor owned 33,540 shares of the semiconductor company’s stock after selling 10,000 shares during the period. Handelsbanken Fonder AB owned about 0.07% of Universal Display Corporation worth $4,322,000 at the end of the most recent reporting period.

Other institutional investors and hedge funds also recently made changes to their positions in the company. Alps Advisors Inc. lifted its stake in shares of Universal Display Corporation by 0.3% in the second quarter. Alps Advisors Inc. now owns 5,776 shares of the semiconductor company’s stock worth $631,000 after buying an additional 15 shares during the last quarter. Stifel Financial Corp lifted its stake in shares of Universal Display Corporation by 2.6% in the second quarter. Stifel Financial Corp now owns 3,362 shares of the semiconductor company’s stock worth $370,000 after buying an additional 86 shares during the last quarter. Prudential Financial Inc. lifted its stake in shares of Universal Display Corporation by 2.9% in the first quarter. Prudential Financial Inc. now owns 4,616 shares of the semiconductor company’s stock worth $397,000 after buying an additional 130 shares during the last quarter. Advisor Group Inc. lifted its stake in shares of Universal Display Corporation by 5.3% in the second quarter. Advisor Group Inc. now owns 2,649 shares of the semiconductor company’s stock worth $286,000 after buying an additional 134 shares during the last quarter. Finally, Blair William & Co. IL lifted its stake in shares of Universal Display Corporation by 2.7% in the second 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 during the last quarter. 63.97% of the stock is currently owned by hedge funds and other institutional investors.

Shares of Universal Display Corporation (OLED) traded up $6.30 during trading hours on Friday, hitting $175.90. 1,195,100 shares of the company were exchanged, compared to its average volume of 821,857. The firm has a market cap of $7,978.09, a P/E ratio of 83.14 and a beta of 1.03. Universal Display Corporation has a 1-year low of $52.10 and a 1-year high of $176.50.

Universal Display Corporation (NASDAQ:OLED) last posted its earnings results 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 return on equity of 16.67% and a net margin of 32.92%. The business had revenue of $61.70 million during the quarter, compared to analysts’ expectations of $47.35 million. During the same period in the prior year, the business earned ($0.03) EPS. Universal Display Corporation’s revenue for the quarter was up 104.3% compared to the same quarter last year. analysts forecast that Universal Display Corporation will post 2.33 EPS for the current year.

The firm also recently declared a quarterly dividend, which will be paid on Friday, December 29th. Stockholders of record on Friday, December 15th will be paid a dividend of $0.03 per share. The ex-dividend date of this dividend is Thursday, December 14th. This represents a $0.12 annualized dividend and a dividend yield of 0.07%. Universal Display Corporation’s dividend payout ratio is currently 5.88%.

OLED has been the subject of several research analyst reports. 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 note on Friday, August 4th. Zacks Investment Research raised shares of Universal Display Corporation from a “hold” rating to a “strong-buy” rating and set a $168.00 price target on the stock in a report on Thursday, November 2nd. Gabelli lowered shares of Universal Display Corporation from a “buy” rating to a “hold” rating and set a $134.00 price target on the stock. in a report on Friday, November 3rd. Deutsche Bank AG began coverage on shares of Universal Display Corporation in a report on Wednesday, August 30th. They issued a “buy” rating and a $135.00 target price on the stock. Finally, Susquehanna Bancshares Inc reaffirmed a “positive” rating and issued a $150.00 target price (up previously from $120.00) on shares of Universal Display Corporation in a report on Wednesday, August 9th. Eight equities research analysts have rated the stock with a hold rating, five have issued a buy rating and one has given a strong buy rating to the stock. The stock currently has an average rating of “Buy” and an average price target of $139.78.

ILLEGAL ACTIVITY NOTICE: “Handelsbanken Fonder AB Has $4.32 Million Position in Universal Display Corporation (NASDAQ:OLED)” was reported by Dispatch Tribunal and is owned by of Dispatch Tribunal. If you are accessing this story on another site, it was stolen and republished in violation of U.S. and international trademark & copyright law. The original version of this story can be viewed at https://www.dispatchtribunal.com/2017/11/12/handelsbanken-fonder-ab-cuts-stake-in-universal-display-corporation-oled.html.

In related news, Director Rosemarie B. Greco sold 1,250 shares of the firm’s stock in a transaction on Thursday, November 9th. The shares were sold at an average price of $168.63, for a total value of $210,787.50. Following the completion of the transaction, the director now directly owns 12,800 shares of the company’s stock, valued at $2,158,464. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. Also, CFO Sidney D. Rosenblatt sold 50,240 shares of the firm’s stock in a transaction on Monday, September 18th. The shares were 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. Insiders have sold a total of 196,974 shares of company stock valued at $30,133,174 over the last ninety days. Company insiders own 5.20% of the company’s stock.

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.

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

Receive News & Ratings for Universal Display Corporation Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Universal Display Corporation and related companies with MarketBeat.com's FREE daily email newsletter.

Leave a Reply