Universal Display Co. (OLED) Shares Bought by Handelsbanken Fonder AB

Handelsbanken Fonder AB boosted its stake in Universal Display Co. (NASDAQ:OLED) by 7.1% in the fourth quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The firm owned 35,926 shares of the semiconductor company’s stock after purchasing an additional 2,386 shares during the period. Handelsbanken Fonder AB owned approximately 0.08% of Universal Display worth $6,203,000 at the end of the most recent quarter.

A number of other large investors also recently bought and sold shares of the business. LPL Financial LLC grew its position in Universal Display by 1.8% in the 4th quarter. LPL Financial LLC now owns 18,128 shares of the semiconductor company’s stock worth $3,130,000 after purchasing an additional 324 shares during the period. Alps Advisors Inc. grew its position in shares of Universal Display by 9.8% during the 4th quarter. Alps Advisors Inc. now owns 3,900 shares of the semiconductor company’s stock valued at $673,000 after acquiring an additional 347 shares during the period. Eqis Capital Management Inc. grew its position in shares of Universal Display by 9.0% during the 4th quarter. Eqis Capital Management Inc. now owns 4,291 shares of the semiconductor company’s stock valued at $741,000 after acquiring an additional 353 shares during the period. Glassman Wealth Services grew its position in shares of Universal Display by 60.7% during the 4th quarter. Glassman Wealth Services now owns 961 shares of the semiconductor company’s stock valued at $166,000 after acquiring an additional 363 shares during the period. Finally, Hanseatic Management Services Inc. grew its position in shares of Universal Display by 14.7% during the 4th quarter. Hanseatic Management Services Inc. now owns 2,865 shares of the semiconductor company’s stock valued at $495,000 after acquiring an additional 368 shares during the period. 62.99% of the stock is owned by institutional investors and hedge funds.

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OLED stock opened at $105.25 on Friday. Universal Display Co. has a one year low of $80.20 and a one year high of $209.00. The firm has a market cap of $5,408.46, a price-to-earnings ratio of 48.28 and a beta of 1.08.

Universal Display (NASDAQ:OLED) last released its earnings results on Thursday, February 22nd. The semiconductor company reported $0.93 earnings per share for the quarter, beating analysts’ consensus estimates of $0.82 by $0.11. Universal Display had a net margin of 30.95% and a return on equity of 18.80%. The company had revenue of $115.87 million for the quarter, compared to analysts’ expectations of $99.55 million. During the same quarter in the previous year, the company earned $0.55 EPS. Universal Display’s revenue for the quarter was up 55.3% on a year-over-year basis. analysts forecast that Universal Display Co. will post 2.66 earnings per share for the current year.

The company also recently announced a quarterly dividend, which will be paid on Friday, March 30th. Investors of record on Thursday, March 15th will be paid a dividend of $0.06 per share. This is a boost from Universal Display’s previous quarterly dividend of $0.03. The ex-dividend date is Wednesday, March 14th. This represents a $0.24 dividend on an annualized basis and a dividend yield of 0.23%. Universal Display’s payout ratio is 11.01%.

In related news, Chairman Sherwin I. Seligsohn sold 50,000 shares of Universal Display stock in a transaction on Friday, January 12th. The shares were sold at an average price of $200.00, for a total transaction of $10,000,000.00. Following the transaction, the chairman now owns 143,119 shares in the company, valued at approximately $28,623,800. The transaction was disclosed in a filing with the SEC, which can be accessed through this link. Also, Director Elizabeth H. Gemmill sold 2,500 shares of Universal Display stock in a transaction on Thursday, March 15th. The shares were sold at an average price of $124.07, for a total transaction of $310,175.00. The disclosure for this sale can be found here. In the last 90 days, insiders have sold 54,750 shares of company stock worth $10,601,775. 5.20% of the stock is owned by corporate insiders.

A number of equities research analysts have recently issued reports on the stock. Goldman Sachs set a $190.00 price objective on shares of Universal Display and gave the company a “buy” rating in a research report on Tuesday. Zacks Investment Research downgraded shares of Universal Display from a “hold” rating to a “sell” rating in a research report on Wednesday. ValuEngine downgraded shares of Universal Display from a “hold” rating to a “sell” rating in a research report on Monday, March 19th. BidaskClub downgraded shares of Universal Display from a “sell” rating to a “strong sell” rating in a research report on Thursday, March 15th. Finally, Evercore ISI assumed coverage on shares of Universal Display in a research report on Thursday, November 30th. They set an “outperform” rating and a $225.00 price objective for the company. Three equities research analysts have rated the stock with a sell rating, five have assigned a hold rating and seven have given a buy rating to the company’s stock. Universal Display currently has a consensus rating of “Hold” and a consensus price target of $169.73.

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About Universal Display

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 (NASDAQ:OLED)

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