Universal Display Co. (OLED) Shares Sold by Usca Ria LLC

Usca Ria LLC lowered its stake in shares of Universal Display Co. (NASDAQ:OLED) by 17.0% during the third quarter, Holdings Channel reports. The fund owned 13,010 shares of the semiconductor company’s stock after selling 2,662 shares during the period. Usca Ria LLC’s holdings in Universal Display were worth $1,534,000 at the end of the most recent reporting period.

A number of other large investors also recently modified their holdings of OLED. US Bancorp DE boosted its stake in shares of Universal Display by 37.1% in the 3rd quarter. US Bancorp DE now owns 1,714 shares of the semiconductor company’s stock valued at $202,000 after purchasing an additional 464 shares during the last quarter. PNC Financial Services Group Inc. boosted its stake in shares of Universal Display by 13.9% in the 2nd quarter. PNC Financial Services Group Inc. now owns 4,432 shares of the semiconductor company’s stock valued at $381,000 after purchasing an additional 542 shares during the last quarter. Whittier Trust Co. of Nevada Inc. boosted its stake in shares of Universal Display by 46.5% in the 2nd quarter. Whittier Trust Co. of Nevada Inc. now owns 1,866 shares of the semiconductor company’s stock valued at $160,000 after purchasing an additional 592 shares during the last quarter. Alps Advisors Inc. boosted its stake in shares of Universal Display by 13.8% in the 2nd quarter. Alps Advisors Inc. now owns 4,915 shares of the semiconductor company’s stock valued at $423,000 after purchasing an additional 596 shares during the last quarter. Finally, Mengis Capital Management Inc. boosted its stake in shares of Universal Display by 5.3% in the 2nd quarter. Mengis Capital Management Inc. now owns 12,955 shares of the semiconductor company’s stock valued at $1,114,000 after purchasing an additional 650 shares during the last quarter. 73.84% of the stock is currently owned by hedge funds and other institutional investors.

Shares of NASDAQ:OLED opened at $98.77 on Wednesday. The company has a market capitalization of $4.85 billion, a P/E ratio of 40.65 and a beta of 1.64. Universal Display Co. has a fifty-two week low of $78.75 and a fifty-two week high of $209.00.

Universal Display (NASDAQ:OLED) last announced its quarterly earnings results on Thursday, November 1st. The semiconductor company reported $0.48 earnings per share for the quarter, missing analysts’ consensus estimates of $0.66 by ($0.18). The firm had revenue of $77.55 million during the quarter, compared to analyst estimates of $92.21 million. Universal Display had a net margin of 24.70% and a return on equity of 12.77%. The business’s revenue was up 25.7% on a year-over-year basis. During the same quarter in the prior year, the business earned $0.28 earnings per share. Research analysts predict that Universal Display Co. will post 1.7 earnings per share for the current fiscal year.

The company also recently declared a quarterly dividend, which will be paid on Friday, December 28th. Investors of record on Friday, December 14th will be given a $0.06 dividend. The ex-dividend date is Thursday, December 13th. This represents a $0.24 dividend on an annualized basis and a dividend yield of 0.24%. Universal Display’s dividend payout ratio is 9.88%.

Several research analysts have recently issued reports on OLED shares. Needham & Company LLC raised their target price on shares of Universal Display from $130.00 to $145.00 and gave the company a “buy” rating in a research note on Friday, August 10th. BidaskClub raised shares of Universal Display from a “hold” rating to a “buy” rating in a research note on Thursday, August 30th. ValuEngine lowered shares of Universal Display from a “buy” rating to a “hold” rating in a research note on Tuesday, September 4th. Zacks Investment Research lowered shares of Universal Display from a “hold” rating to a “sell” rating in a research note on Tuesday, October 16th. Finally, CIBC increased their price target on shares of Universal Display from $120.00 to $140.00 and gave the company an “outperform” rating in a research report on Tuesday, September 25th. One research 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. The stock has a consensus rating of “Buy” and a consensus target price of $167.82.

In other Universal Display news, VP Mauro Premutico sold 10,044 shares of the firm’s stock in a transaction that occurred on Tuesday, September 4th. The shares were sold at an average price of $123.63, for a total transaction of $1,241,739.72. The sale was disclosed in a filing with the SEC, which is available through the SEC website. Also, Director Lawrence Lacerte sold 15,000 shares of the firm’s stock in a transaction that occurred on Tuesday, August 14th. The stock was sold at an average price of $119.51, for a total transaction of $1,792,650.00. Following the sale, 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. Company insiders own 4.00% of the company’s stock.

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About Universal Display

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.

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

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