First Hawaiian Bank Buys New Holdings in Universal Display Co. (OLED)

First Hawaiian Bank bought a new stake in Universal Display Co. (NASDAQ:OLED) in the third quarter, according to its most recent disclosure with the Securities & Exchange Commission. The institutional investor bought 900 shares of the semiconductor company’s stock, valued at approximately $106,000.

Several other large investors have also made changes to their positions in OLED. Whittier Trust Co. of Nevada Inc. raised its holdings in shares of Universal Display by 46.5% in the second quarter. Whittier Trust Co. of Nevada Inc. now owns 1,866 shares of the semiconductor company’s stock valued at $160,000 after buying an additional 592 shares during the last quarter. Advisors Asset Management Inc. raised its holdings in shares of Universal Display by 4,030.0% in the second quarter. Advisors Asset Management Inc. now owns 190,683 shares of the semiconductor company’s stock valued at $192,000 after buying an additional 186,066 shares during the last quarter. Oliver Luxxe Assets LLC purchased a new stake in shares of Universal Display in the third quarter valued at about $201,000. Rockefeller Capital Management L.P. raised its holdings in shares of Universal Display by 278.1% in the second quarter. Rockefeller Capital Management L.P. now owns 3,138 shares of the semiconductor company’s stock valued at $270,000 after buying an additional 2,308 shares during the last quarter. Finally, Orleans Capital Management Corp LA raised its holdings in Universal Display by 45.4% during the second quarter. Orleans Capital Management Corp LA now owns 3,380 shares of the semiconductor company’s stock worth $291,000 after purchasing an additional 1,055 shares in the last quarter. 73.77% of the stock is owned by institutional investors and hedge funds.

OLED has been the subject of several analyst reports. ValuEngine raised shares of Universal Display from a “sell” rating to a “hold” rating in a report on Tuesday, July 10th. BidaskClub raised shares of Universal Display from a “strong sell” rating to a “sell” rating in a report on Tuesday, July 10th. Needham & Company LLC increased their price target on shares of Universal Display from $130.00 to $145.00 and gave the stock a “buy” rating in a report on Friday, August 10th. Zacks Investment Research raised shares of Universal Display from a “sell” rating to a “hold” rating in a report on Saturday, August 11th. Finally, Citigroup initiated coverage on shares of Universal Display in a report on Tuesday, September 4th. They set a “buy” rating and a $153.00 price target for the company. One analyst has rated the stock with a sell rating, one has assigned a hold rating and twelve have given a buy rating to the company’s stock. The company currently has an average rating of “Buy” and a consensus target price of $167.82.

In other Universal Display news, Director Lawrence Lacerte sold 15,000 shares of the company’s stock in a transaction dated Tuesday, August 14th. The shares were sold at an average price of $119.51, for a total transaction of $1,792,650.00. Following the transaction, the director now directly owns 348,950 shares in the company, valued at $41,703,014.50. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. Also, VP Mauro Premutico sold 10,044 shares of the company’s stock in a transaction dated Tuesday, September 4th. The stock was sold at an average price of $123.63, for a total transaction of $1,241,739.72. The disclosure for this sale can be found here. Corporate insiders own 4.00% of the company’s stock.

NASDAQ OLED opened at $103.06 on Monday. Universal Display Co. has a 52-week low of $78.75 and a 52-week high of $209.00. The stock has a market cap of $4.85 billion, a P/E ratio of 58.23 and a beta of 1.64.

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

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.

Featured Article: Risk Tolerance and Your Investment Decisions

Want to see what other hedge funds are holding OLED? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for Universal Display Co. (NASDAQ:OLED).

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

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


Leave a Reply