Crossmark Global Holdings Inc. Buys 350 Shares of Universal Display Co. (NASDAQ:OLED)

Crossmark Global Holdings Inc. grew its position in shares of Universal Display Co. (NASDAQ:OLED) by 11.9% during the 3rd quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 3,300 shares of the semiconductor company’s stock after buying an additional 350 shares during the quarter. Crossmark Global Holdings Inc.’s holdings in Universal Display were worth $693,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

A number of other institutional investors and hedge funds have also recently modified their holdings of the company. Assetmark Inc. purchased a new position in shares of Universal Display in the third quarter worth approximately $29,000. V Square Quantitative Management LLC bought a new position in Universal Display in the third quarter worth approximately $31,000. Nisa Investment Advisors LLC boosted its stake in shares of Universal Display by 60.2% during the 3rd quarter. Nisa Investment Advisors LLC now owns 173 shares of the semiconductor company’s stock worth $36,000 after acquiring an additional 65 shares during the last quarter. Itau Unibanco Holding S.A. bought a new stake in shares of Universal Display during the 2nd quarter valued at $44,000. Finally, Tortoise Investment Management LLC purchased a new stake in shares of Universal Display in the 2nd quarter worth $47,000. 78.19% of the stock is currently owned by hedge funds and other institutional investors.

Wall Street Analyst Weigh In

OLED has been the topic of several analyst reports. Roth Mkm lifted their target price on Universal Display from $189.00 to $217.00 and gave the company a “buy” rating in a research report on Friday, August 2nd. Susquehanna boosted their price objective on Universal Display from $170.00 to $175.00 and gave the company a “neutral” rating in a research note on Friday, August 2nd. TD Cowen decreased their target price on shares of Universal Display from $250.00 to $225.00 and set a “buy” rating on the stock in a research note on Thursday, October 31st. Needham & Company LLC dropped their price target on shares of Universal Display from $242.00 to $215.00 and set a “buy” rating for the company in a research report on Thursday, October 31st. Finally, Oppenheimer decreased their price objective on shares of Universal Display from $240.00 to $220.00 and set an “outperform” rating on the stock in a research report on Thursday, October 31st. Two equities research analysts have rated the stock with a hold rating and six have issued a buy rating to the company’s stock. Based on data from MarketBeat, the stock presently has an average rating of “Moderate Buy” and a consensus price target of $215.63.

Universal Display Stock Performance

OLED stock opened at $164.03 on Friday. The company has a market capitalization of $7.78 billion, a PE ratio of 32.94, a price-to-earnings-growth ratio of 1.80 and a beta of 1.43. The company’s fifty day moving average price is $198.71 and its 200-day moving average price is $195.38. Universal Display Co. has a one year low of $148.75 and a one year high of $237.00.

Universal Display (NASDAQ:OLED) last released its quarterly earnings data on Wednesday, October 30th. The semiconductor company reported $1.40 EPS for the quarter, beating the consensus estimate of $1.19 by $0.21. Universal Display had a net margin of 36.98% and a return on equity of 15.75%. The business had revenue of $161.63 million during the quarter, compared to the consensus estimate of $165.28 million. During the same quarter in the prior year, the firm earned $1.08 EPS. The business’s revenue was up 14.6% on a year-over-year basis. On average, research analysts predict that Universal Display Co. will post 4.79 EPS for the current fiscal year.

Universal Display Dividend Announcement

The firm also recently disclosed a quarterly dividend, which will be paid on Tuesday, December 31st. Shareholders of record on Tuesday, December 17th will be given a dividend of $0.40 per share. The ex-dividend date is Tuesday, December 17th. This represents a $1.60 annualized dividend and a yield of 0.98%. Universal Display’s dividend payout ratio (DPR) is currently 32.13%.

Insider Buying and Selling at Universal Display

In related news, Director Lawrence Lacerte acquired 742 shares of the firm’s stock in a transaction on Monday, November 4th. The shares were acquired at an average cost of $180.89 per share, for a total transaction of $134,220.38. Following the completion of the transaction, the director now directly owns 122,372 shares in the company, valued at approximately $22,135,871.08. This trade represents a 0.61 % increase in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this hyperlink. 1.90% of the stock is owned by company insiders.

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 display and solid-state lighting applications in the United States and internationally. The company offers PHOLED technologies and materials for displays and lighting products under the UniversalPHOLED brand.