Whittier Trust Co. of Nevada Inc. Increases Stock Holdings in Universal Display Co. (NASDAQ:OLED)

Whittier Trust Co. of Nevada Inc. boosted its position in shares of Universal Display Co. (NASDAQ:OLED) by 240.0% during the third quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm owned 340 shares of the semiconductor company’s stock after purchasing an additional 240 shares during the period. Whittier Trust Co. of Nevada Inc.’s holdings in Universal Display were worth $71,000 at the end of the most recent quarter.

Several other institutional investors and hedge funds also recently bought and sold shares of OLED. OLD National Bancorp IN acquired a new stake in shares of Universal Display during the 3rd quarter worth approximately $509,000. Bernardo Wealth Planning LLC purchased a new position in Universal Display in the third quarter worth approximately $616,000. Raymond James & Associates grew its position in Universal Display by 629.9% in the third quarter. Raymond James & Associates now owns 269,414 shares of the semiconductor company’s stock worth $56,550,000 after acquiring an additional 232,503 shares during the period. Slow Capital Inc. increased its stake in Universal Display by 4.7% during the third quarter. Slow Capital Inc. now owns 23,351 shares of the semiconductor company’s stock worth $4,901,000 after acquiring an additional 1,053 shares during the last quarter. Finally, V Square Quantitative Management LLC purchased a new stake in Universal Display in the third quarter valued at $31,000. 78.19% of the stock is currently owned by institutional investors and hedge funds.

Analyst Ratings Changes

A number of equities analysts have recently weighed in on OLED shares. Susquehanna increased their price target on Universal Display from $170.00 to $175.00 and gave the stock a “neutral” rating in a report on Friday, August 2nd. Roth Mkm lifted their price target on shares of Universal Display from $189.00 to $217.00 and gave the company a “buy” rating in a research report on Friday, August 2nd. The Goldman Sachs Group upped their price objective on shares of Universal Display from $208.00 to $243.00 and gave the stock a “buy” rating in a report on Thursday, July 18th. Needham & Company LLC lifted their target price on shares of Universal Display from $198.00 to $242.00 and gave the company a “buy” rating in a report on Tuesday, July 2nd. Finally, TD Cowen upped their price target on Universal Display from $210.00 to $250.00 and gave the stock a “buy” rating in a research note on Friday, August 2nd. Two analysts have rated the stock with a hold rating and six have given a buy rating to the company’s stock. Based on data from MarketBeat.com, Universal Display has a consensus rating of “Moderate Buy” and an average price target of $225.88.

Universal Display Stock Up 0.1 %

Shares of OLED opened at $201.10 on Friday. The company has a market cap of $9.54 billion, a P/E ratio of 43.72, a PEG ratio of 2.19 and a beta of 1.42. Universal Display Co. has a fifty-two week low of $133.67 and a fifty-two week high of $237.00. The firm’s 50 day moving average price is $200.58 and its 200 day moving average price is $192.52.

Universal Display (NASDAQ:OLED) last posted its quarterly earnings data on Thursday, August 1st. The semiconductor company reported $1.10 earnings per share for the quarter, missing analysts’ consensus estimates of $1.14 by ($0.04). The company had revenue of $158.50 million for the quarter, compared to analysts’ expectations of $159.46 million. Universal Display had a return on equity of 15.25% and a net margin of 35.74%. The firm’s revenue was up 8.1% compared to the same quarter last year. During the same period in the prior year, the company posted $1.04 EPS. Research analysts forecast that Universal Display Co. will post 4.81 earnings per share for the current year.

Universal Display Dividend Announcement

The business also recently declared a quarterly dividend, which was paid on Monday, September 30th. Shareholders of record on Monday, September 16th were given a $0.40 dividend. This represents a $1.60 dividend on an annualized basis and a yield of 0.80%. The ex-dividend date of this dividend was Monday, September 16th. Universal Display’s dividend payout ratio is currently 34.78%.

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.