Russell Investments Group Ltd. Purchases 44,384 Shares of Universal Display Corporation (OLED)

Russell Investments Group Ltd. boosted its position in Universal Display Corporation (NASDAQ:OLED) by 198.8% during the third quarter, according to the company in its most recent 13F filing with the SEC. The fund owned 66,709 shares of the semiconductor company’s stock after buying an additional 44,384 shares during the quarter. Russell Investments Group Ltd. owned approximately 0.14% of Universal Display worth $8,595,000 as of its most recent filing with the SEC.

Several other large investors also recently bought and sold shares of OLED. Schroder Investment Management Group acquired a new position in shares of Universal Display during the 2nd quarter worth approximately $25,450,000. Newbrook Capital Advisors LP increased its position in shares of Universal Display by 49.4% during the 2nd quarter. Newbrook Capital Advisors LP now owns 558,174 shares of the semiconductor company’s stock worth $60,981,000 after purchasing an additional 184,683 shares during the last quarter. Scout Investments Inc. acquired a new position in shares of Universal Display during the 3rd quarter worth approximately $12,515,000. Neuberger Berman Group LLC increased its position in shares of Universal Display by 18.2% during the 2nd quarter. Neuberger Berman Group LLC now owns 606,472 shares of the semiconductor company’s stock worth $66,257,000 after purchasing an additional 93,223 shares during the last quarter. Finally, First Trust Advisors LP increased its position in shares of Universal Display by 118.9% during the 3rd quarter. First Trust Advisors LP now owns 170,358 shares of the semiconductor company’s stock worth $21,951,000 after purchasing an additional 92,546 shares during the last quarter. 65.03% of the stock is currently owned by hedge funds and other institutional investors.

OLED has been the topic of several recent analyst reports. Susquehanna Bancshares reaffirmed a “positive” rating and set a $150.00 price target (up previously from $120.00) on shares of Universal Display in a research report on Wednesday, August 9th. Goldman Sachs Group reaffirmed a “buy” rating and set a $150.00 price target (up previously from $140.00) on shares of Universal Display in a research report on Wednesday, August 9th. Oppenheimer reaffirmed a “market perform” rating on shares of Universal Display in a research report on Wednesday, August 9th. Zacks Investment Research raised Universal Display from a “hold” rating to a “strong-buy” rating and set a $136.00 price target on the stock in a research report on Thursday, August 10th. Finally, BidaskClub lowered Universal Display from a “hold” rating to a “sell” rating in a research report on Saturday, August 12th. Eight research analysts have rated the stock with a hold rating and seven have assigned a buy rating to the company. The company currently has an average rating of “Hold” and an average price target of $151.30.

In related news, CFO Sidney D. Rosenblatt sold 50,240 shares of the business’s 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 transaction was disclosed in a document filed with the SEC, which is available through this hyperlink. Also, Director Rosemarie B. Greco sold 1,250 shares of the business’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 sale, the director now owns 12,800 shares of the company’s stock, valued at $2,158,464. The disclosure for this sale can be found here. Insiders have sold a total of 196,974 shares of company stock worth $30,133,174 over the last three months. 5.20% of the stock is owned by insiders.

Universal Display Corporation (OLED) opened at $164.05 on Thursday. The firm has a market capitalization of $7,808.74, a P/E ratio of 81.37 and a beta of 1.06. Universal Display Corporation has a 1-year low of $55.20 and a 1-year high of $192.75.

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

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

COPYRIGHT VIOLATION NOTICE: “Russell Investments Group Ltd. Purchases 44,384 Shares of Universal Display Corporation (OLED)” was first posted by Ticker Report and is owned by of Ticker Report. If you are reading this story on another domain, it was illegally stolen and reposted in violation of United States & international copyright & trademark legislation. The original version of this story can be read at https://www.tickerreport.com/banking-finance/3079106/russell-investments-group-ltd-purchases-44384-shares-of-universal-display-corporation-oled.html.

Universal Display 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.

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 Corporation (NASDAQ:OLED).

Institutional Ownership by Quarter for Universal Display (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.

Latest News

How to Trade on Forex – 8 Steps for Beginners
How to Trade on Forex – 8 Steps for Beginners
Super Nintendo World Theme Park Officially Starts Construction
Super Nintendo World Theme Park Officially Starts Construction
Amazon and Apple Join Foxconn to Secure Chip Business of Toshiba
Amazon and Apple Join Foxconn to Secure Chip Business of Toshiba
Camera Zooms In and Can Recognize Faces
Camera Zooms In and Can Recognize Faces
Netflix Could See 150 Million Worldwide Subscribers
Netflix Could See 150 Million Worldwide Subscribers
LeEco Cutting Over 70% of Staff in U.S. Amidst Pull Back
LeEco Cutting Over 70% of Staff in U.S. Amidst Pull Back


Leave a Reply

© 2006-2017 Ticker Report. Google+.