Louisiana State Employees Retirement System Purchases 200 Shares of Universal Display Co. (OLED)

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Louisiana State Employees Retirement System grew its position in shares of Universal Display Co. (NASDAQ:OLED) by 1.8% during the 1st quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The fund owned 11,400 shares of the semiconductor company’s stock after purchasing an additional 200 shares during the quarter. Louisiana State Employees Retirement System’s holdings in Universal Display were worth $1,742,000 as of its most recent SEC filing.

Several other institutional investors have also recently made changes to their positions in the company. BlackRock Inc. increased its position in shares of Universal Display by 108.6% during the 4th quarter. BlackRock Inc. now owns 3,754,887 shares of the semiconductor company’s stock valued at $351,345,000 after purchasing an additional 1,954,515 shares during the last quarter. Vanguard Group Inc. increased its position in shares of Universal Display by 2.4% during the 3rd quarter. Vanguard Group Inc. now owns 3,698,321 shares of the semiconductor company’s stock valued at $436,031,000 after purchasing an additional 86,819 shares during the last quarter. Vanguard Group Inc increased its position in shares of Universal Display by 2.4% during the 3rd quarter. Vanguard Group Inc now owns 3,698,321 shares of the semiconductor company’s stock valued at $436,031,000 after purchasing an additional 86,819 shares during the last quarter. Neuberger Berman Group LLC increased its position in shares of Universal Display by 4.4% during the 3rd quarter. Neuberger Berman Group LLC now owns 1,698,261 shares of the semiconductor company’s stock valued at $200,225,000 after purchasing an additional 71,847 shares during the last quarter. Finally, JPMorgan Chase & Co. increased its position in shares of Universal Display by 29.1% during the 3rd quarter. JPMorgan Chase & Co. now owns 1,023,098 shares of the semiconductor company’s stock valued at $120,623,000 after purchasing an additional 230,534 shares during the last quarter. Hedge funds and other institutional investors own 85.45% of the company’s stock.

In other Universal Display news, Director Richard C. Elias sold 1,250 shares of the stock in a transaction that occurred on Tuesday, March 5th. The stock was sold at an average price of $153.38, for a total value of $191,725.00. Following the completion of the sale, the director now owns 1,250 shares in the company, valued at approximately $191,725. The transaction was disclosed in a document filed with the SEC, which is available at this link. Also, insider Julia J. Brown sold 17,539 shares of the stock in a transaction that occurred on Friday, March 15th. The stock was sold at an average price of $160.00, for a total value of $2,806,240.00. Following the completion of the sale, the insider now owns 125,657 shares of the company’s stock, valued at approximately $20,105,120. The disclosure for this sale can be found here. In the last quarter, insiders sold 25,039 shares of company stock valued at $3,907,465. Company insiders own 4.00% of the company’s stock.

OLED opened at $172.84 on Wednesday. Universal Display Co. has a 1 year low of $78.75 and a 1 year high of $174.78. The company has a market cap of $8.13 billion, a P/E ratio of 139.39, a P/E/G ratio of 2.65 and a beta of 1.44.

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

The business also recently declared a quarterly dividend, which was paid on Friday, March 29th. Investors of record on Friday, March 15th were given a dividend of $0.10 per share. This represents a $0.40 annualized dividend and a yield of 0.23%. This is a positive change from Universal Display’s previous quarterly dividend of $0.06. The ex-dividend date of this dividend was Thursday, March 14th. Universal Display’s dividend payout ratio (DPR) is presently 32.26%.

Several equities analysts have recently commented on the company. Zacks Investment Research upgraded Universal Display from a “hold” rating to a “buy” rating and set a $174.00 price objective on the stock in a research report on Tuesday, March 26th. ValuEngine upgraded Universal Display from a “buy” rating to a “strong-buy” rating in a research report on Tuesday, March 5th. Roth Capital raised their price target on Universal Display from $128.00 to $172.00 and gave the stock a “buy” rating in a research report on Tuesday, February 26th. Needham & Company LLC raised their price target on Universal Display from $105.00 to $140.00 and gave the stock a “buy” rating in a research report on Friday, February 22nd. Finally, Deutsche Bank raised their price target on Universal Display to $140.00 in a research report on Friday, February 22nd. One equities research analyst has rated the stock with a hold rating, nine have assigned a buy rating and two have given a strong buy rating to the company. Universal Display presently has a consensus rating of “Buy” and an average target price of $148.80.

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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.

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

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