Chicago Partners Investment Group LLC Buys New Position in Universal Display Co. (NASDAQ:OLED)

Chicago Partners Investment Group LLC bought a new stake in Universal Display Co. (NASDAQ:OLED) in the 4th quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The fund bought 1,177 shares of the semiconductor company’s stock, valued at approximately $210,000.

Other institutional investors have also recently added to or reduced their stakes in the company. Vanguard Group Inc. grew its holdings in Universal Display by 0.5% in the 3rd quarter. Vanguard Group Inc. now owns 4,511,145 shares of the semiconductor company’s stock valued at $708,205,000 after buying an additional 23,944 shares during the period. FMR LLC grew its holdings in Universal Display by 10.6% in the 3rd quarter. FMR LLC now owns 1,398,961 shares of the semiconductor company’s stock valued at $219,623,000 after buying an additional 134,000 shares during the period. Jennison Associates LLC grew its holdings in Universal Display by 0.4% in the 4th quarter. Jennison Associates LLC now owns 903,068 shares of the semiconductor company’s stock valued at $172,721,000 after buying an additional 3,397 shares during the period. Norges Bank purchased a new stake in Universal Display in the 4th quarter valued at about $101,088,000. Finally, First Trust Advisors LP grew its holdings in Universal Display by 20.7% in the 4th quarter. First Trust Advisors LP now owns 449,628 shares of the semiconductor company’s stock valued at $85,996,000 after buying an additional 76,967 shares during the period. Institutional investors and hedge funds own 78.19% of the company’s stock.

Insider Buying and Selling

In related news, EVP Julia J. Brown sold 10,358 shares of the business’s stock in a transaction that occurred on Wednesday, May 8th. The stock was sold at an average price of $175.00, for a total transaction of $1,812,650.00. Following the transaction, the executive vice president now directly owns 56,624 shares of the company’s stock, valued at approximately $9,909,200. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. In other Universal Display news, SVP Mauro Premutico sold 8,202 shares of the company’s stock in a transaction that occurred on Tuesday, May 7th. The stock was sold at an average price of $176.82, for a total value of $1,450,277.64. Following the transaction, the senior vice president now directly owns 28,743 shares of the company’s stock, valued at approximately $5,082,337.26. The sale was disclosed in a filing with the SEC, which is accessible through the SEC website. Also, EVP Julia J. Brown sold 10,358 shares of the company’s stock in a transaction that occurred on Wednesday, May 8th. The shares were sold at an average price of $175.00, for a total value of $1,812,650.00. Following the completion of the transaction, the executive vice president now directly owns 56,624 shares in the company, valued at $9,909,200. The disclosure for this sale can be found here. 1.90% of the stock is currently owned by corporate insiders.

Analysts Set New Price Targets

OLED has been the subject of several recent analyst reports. Oppenheimer restated an “outperform” rating and issued a $200.00 price target (down previously from $210.00) on shares of Universal Display in a report on Friday, February 23rd. Needham & Company LLC reiterated a “buy” rating and set a $198.00 target price on shares of Universal Display in a report on Friday, May 3rd. Finally, TD Cowen boosted their target price on Universal Display from $165.00 to $210.00 and gave the stock an “outperform” rating in a report on Friday, February 23rd. Two equities research analysts have rated the stock with a hold rating and six have issued a buy rating to the stock. According to data from MarketBeat, the company has a consensus rating of “Moderate Buy” and a consensus target price of $199.86.

Universal Display Stock Performance

Universal Display stock opened at $209.33 on Wednesday. The stock’s 50 day moving average price is $172.91 and its 200 day moving average price is $174.81. The firm has a market capitalization of $9.93 billion, a PE ratio of 45.51, a price-to-earnings-growth ratio of 2.18 and a beta of 1.47. Universal Display Co. has a one year low of $133.67 and a one year high of $209.80.

Universal Display (NASDAQ:OLED) last released its quarterly earnings results on Thursday, May 2nd. The semiconductor company reported $1.19 EPS for the quarter, topping the consensus estimate of $1.05 by $0.14. The firm had revenue of $165.26 million for the quarter, compared to analyst estimates of $150.75 million. Universal Display had a return on equity of 15.57% and a net margin of 36.00%. Universal Display’s revenue for the quarter was up 26.7% on a year-over-year basis. During the same period in the previous year, the company posted $0.83 EPS. On average, analysts forecast that Universal Display Co. will post 4.75 earnings per share for the current fiscal year.

Universal Display Dividend Announcement

The business also recently declared a quarterly dividend, which will be paid on Friday, June 28th. Investors of record on Friday, June 14th will be given a dividend of $0.40 per share. This represents a $1.60 annualized dividend and a yield of 0.76%. The ex-dividend date is Friday, June 14th. Universal Display’s dividend payout ratio (DPR) is presently 34.78%.

About Universal Display

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.