Copeland Capital Management LLC Buys Shares of 78,156 Universal Display Co. (OLED)

Copeland Capital Management LLC bought a new stake in shares of Universal Display Co. (NASDAQ:OLED) in the third quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor bought 78,156 shares of the semiconductor company’s stock, valued at approximately $9,215,000. Copeland Capital Management LLC owned 0.17% of Universal Display as of its most recent filing with the Securities and Exchange Commission.

A number of other large investors have also recently added to or reduced their stakes in OLED. Dimensional Fund Advisors LP increased its position in Universal Display by 4.1% during the 1st quarter. Dimensional Fund Advisors LP now owns 186,487 shares of the semiconductor company’s stock valued at $18,835,000 after purchasing an additional 7,376 shares during the period. Millennium Management LLC increased its position in Universal Display by 104.8% during the 1st quarter. Millennium Management LLC now owns 127,673 shares of the semiconductor company’s stock valued at $12,895,000 after purchasing an additional 65,327 shares during the period. State of Alaska Department of Revenue increased its position in Universal Display by 32.4% during the 2nd quarter. State of Alaska Department of Revenue now owns 5,070 shares of the semiconductor company’s stock valued at $436,000 after purchasing an additional 1,240 shares during the period. Bank of Montreal Can increased its position in Universal Display by 14.2% during the 2nd quarter. Bank of Montreal Can now owns 8,024 shares of the semiconductor company’s stock valued at $690,000 after purchasing an additional 995 shares during the period. Finally, Bristol Advisors LLC acquired a new stake in Universal Display during the 2nd quarter valued at approximately $430,000. 73.77% of the stock is owned by institutional investors and hedge funds.

In related news, VP Mauro Premutico sold 10,044 shares of the stock in a transaction on Tuesday, September 4th. The stock was sold at an average price of $123.63, for a total value of $1,241,739.72. The sale was disclosed in a legal filing with the SEC, which can be accessed through this link. Also, Director Lawrence Lacerte sold 15,000 shares of the stock in a transaction on Tuesday, August 14th. The stock was sold at an average price of $119.51, for a total value of $1,792,650.00. Following the completion of the transaction, the director now owns 348,950 shares in the company, valued at $41,703,014.50. The disclosure for this sale can be found here. 4.00% of the stock is owned by company insiders.

Shares of OLED stock opened at $103.06 on Monday. The company has a market cap of $4.85 billion, a PE ratio of 42.41 and a beta of 1.64. Universal Display Co. has a 52 week low of $78.75 and a 52 week high of $209.00.

Universal Display (NASDAQ:OLED) last announced its quarterly earnings data on Thursday, November 1st. The semiconductor company reported $0.48 EPS for the quarter, missing the consensus estimate of $0.66 by ($0.18). The company had revenue of $77.55 million for the quarter, compared to analyst estimates of $92.21 million. Universal Display had a return on equity of 12.90% and a net margin of 24.70%. The business’s quarterly revenue was up 25.7% compared to the same quarter last year. During the same period last year, the business earned $0.28 EPS. Research analysts expect that Universal Display Co. will post 1.83 earnings per share for the current year.

OLED has been the subject of several recent analyst reports. ValuEngine raised shares of Universal Display from a “hold” rating to a “buy” rating in a research report on Thursday. Needham & Company LLC reaffirmed a “buy” rating and set a $125.00 price objective on shares of Universal Display in a research report on Friday. Gabelli downgraded shares of Universal Display from a “buy” rating to a “hold” rating in a research report on Friday. BidaskClub raised shares of Universal Display from a “hold” rating to a “buy” rating in a research report on Thursday, October 4th. Finally, Cowen set a $175.00 price objective on shares of Universal Display and gave the stock an “outperform” rating in a research report on Thursday, October 4th. One analyst has rated the stock with a sell rating, one has issued a hold rating and twelve have issued a buy rating to the company. Universal Display currently has a consensus rating of “Buy” and a consensus target price of $167.82.

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 22, 2018, it owned or had exclusive and co-exclusive licenses, or had sole license rights with respect to approximately 4,500 issued and pending patents worldwide.

Further Reading: Understanding Stock Ratings

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

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