Raymond James Financial Services Advisors Inc. Grows Stake in Universal Display Co. (OLED)

Share on StockTwits

Raymond James Financial Services Advisors Inc. increased its holdings in shares of Universal Display Co. (NASDAQ:OLED) by 10.5% during the fourth quarter, Holdings Channel reports. The fund owned 22,035 shares of the semiconductor company’s stock after buying an additional 2,102 shares during the period. Raymond James Financial Services Advisors Inc.’s holdings in Universal Display were worth $2,062,000 at the end of the most recent reporting period.

A number of other institutional investors and hedge funds have also bought and sold shares of OLED. BlackRock Inc. boosted its position in Universal Display by 108.6% during the fourth quarter. BlackRock Inc. now owns 3,754,887 shares of the semiconductor company’s stock worth $351,345,000 after acquiring an additional 1,954,515 shares during the last quarter. Primecap Management Co. CA boosted its position in Universal Display by 65.6% during the third quarter. Primecap Management Co. CA now owns 3,076,303 shares of the semiconductor company’s stock worth $362,696,000 after acquiring an additional 1,218,253 shares during the last quarter. Alliancebernstein L.P. boosted its position in Universal Display by 2,596.0% during the third quarter. Alliancebernstein L.P. now owns 642,400 shares of the semiconductor company’s stock worth $75,739,000 after acquiring an additional 618,572 shares during the last quarter. Bank of New York Mellon Corp boosted its position in Universal Display by 178.8% during the fourth quarter. Bank of New York Mellon Corp now owns 455,871 shares of the semiconductor company’s stock worth $42,656,000 after acquiring an additional 292,382 shares during the last quarter. Finally, Griffin Asset Management Inc. boosted its position in Universal Display by 499.6% during the third quarter. Griffin Asset Management Inc. now owns 337,205 shares of the semiconductor company’s stock worth $39,756,000 after acquiring an additional 280,967 shares during the last quarter. Hedge funds and other institutional investors own 84.47% of the company’s stock.

NASDAQ:OLED opened at $154.80 on Friday. The stock has a market capitalization of $7.34 billion, a price-to-earnings ratio of 124.84, a PEG ratio of 2.37 and a beta of 1.44. Universal Display Co. has a 1-year low of $78.75 and a 1-year high of $156.90.

Universal Display (NASDAQ:OLED) last posted its earnings results on Thursday, February 21st. The semiconductor company reported $0.40 earnings per share for the quarter, beating the consensus estimate of $0.34 by $0.06. The company had revenue of $70.14 million for the quarter, compared to analyst estimates of $70.18 million. Universal Display had a net margin of 23.78% and a return on equity of 8.85%. Universal Display’s revenue was down 39.5% on a year-over-year basis. During the same period in the previous year, the business posted $0.93 EPS. Equities research analysts predict that Universal Display Co. will post 2.17 earnings per share for the current fiscal year.

The company also recently announced a quarterly dividend, which will be paid on Friday, March 29th. Shareholders of record on Friday, March 15th will be issued a $0.10 dividend. This represents a $0.40 annualized dividend and a yield of 0.26%. This is a positive change from Universal Display’s previous quarterly dividend of $0.06. The ex-dividend date of this dividend is Thursday, March 14th. Universal Display’s payout ratio is presently 19.35%.

In other news, Director Richard C. Elias sold 1,250 shares of the company’s stock in a transaction that occurred on Tuesday, March 5th. The shares were sold at an average price of $153.38, for a total value of $191,725.00. Following the transaction, the director now directly owns 1,250 shares in the company, valued at approximately $191,725. The sale was disclosed in a document filed with the SEC, which is accessible through this hyperlink. Also, Director Lawrence Lacerte sold 6,250 shares of the company’s stock in a transaction that occurred on Wednesday, February 27th. The stock was sold at an average price of $145.52, for a total transaction of $909,500.00. Following the completion of the transaction, the director now owns 325,000 shares in the company, valued at $47,294,000. The disclosure for this sale can be found here. Insiders own 4.00% of the company’s stock.

OLED has been the topic of a number of recent research reports. Goldman Sachs Group restated a “buy” rating on shares of Universal Display in a research report on Wednesday, November 21st. ValuEngine lowered shares of Universal Display from a “strong-buy” rating to a “buy” rating in a research report on Wednesday, January 2nd. Zacks Investment Research upgraded shares of Universal Display from a “strong sell” rating to a “hold” rating in a research report on Thursday, January 3rd. Needham & Company LLC restated a “buy” rating and set a $105.00 price target (down from $125.00) on shares of Universal Display in a research report on Friday, January 4th. Finally, BidaskClub upgraded shares of Universal Display from a “hold” rating to a “buy” rating in a research report on Thursday, January 17th. One analyst has rated the stock with a sell rating, one has issued a hold rating, eight have issued a buy rating and two have given a strong buy rating to the company. The stock has an average rating of “Buy” and an average price target of $146.00.

WARNING: “Raymond James Financial Services Advisors Inc. Grows Stake in Universal Display Co. (OLED)” was originally published by Ticker Report and is the property of of Ticker Report. If you are accessing this article on another domain, it was illegally stolen and republished in violation of U.S. & international copyright and trademark law. The correct version of this article can be accessed at https://www.tickerreport.com/banking-finance/4223689/raymond-james-financial-services-advisors-inc-grows-stake-in-universal-display-co-oled.html.

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 21, 2019, it owned or had exclusive and co-exclusive licenses, or had sole license rights with respect to approximately 5,000 issued and pending patents worldwide.

Featured Article: What is a blue-chip stock?

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.



Latest News

Observer Price Tops $0.0018
Observer Price Tops $0.0018
$0.02 Earnings Per Share Expected for First Solar, Inc.  This Quarter
$0.02 Earnings Per Share Expected for First Solar, Inc. This Quarter
Kenadyr Mining  Reaches New 1-Year Low at $0.06
Kenadyr Mining Reaches New 1-Year Low at $0.06
PlayCoin [ERC20]   Trading 30.1% Lower  Over Last 7 Days
PlayCoin [ERC20] Trading 30.1% Lower Over Last 7 Days
$5.30 Billion in Sales Expected for Mcdonald’s Corp  This Quarter
$5.30 Billion in Sales Expected for Mcdonald’s Corp This Quarter
Rizal Resources  Sets New 1-Year Low at $0.01
Rizal Resources Sets New 1-Year Low at $0.01


© 2006-2019 Ticker Report