B. Metzler seel. Sohn & Co. Holding AG Purchases Shares of 1,999 Universal Display Co. (NASDAQ:OLED)

B. Metzler seel. Sohn & Co. Holding AG acquired a new position in shares of Universal Display Co. (NASDAQ:OLED) in the 3rd quarter, according to the company in its most recent filing with the SEC. The fund acquired 1,999 shares of the semiconductor company’s stock, valued at approximately $420,000.

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

Universal Display Stock Up 0.8 %

Universal Display stock opened at $168.41 on Monday. Universal Display Co. has a 52 week low of $148.75 and a 52 week high of $237.00. The firm has a market cap of $7.99 billion, a price-to-earnings ratio of 33.82, a price-to-earnings-growth ratio of 1.80 and a beta of 1.43. The business’s 50-day moving average price is $195.31 and its 200 day moving average price is $195.78.

Universal Display (NASDAQ:OLED) last posted its earnings results on Wednesday, October 30th. The semiconductor company reported $1.40 earnings per share 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 firm had revenue of $161.63 million during the quarter, compared to analyst estimates of $165.28 million. During the same period in the previous year, the firm earned $1.08 EPS. The business’s quarterly revenue was up 14.6% on a year-over-year basis. Equities analysts expect that Universal Display Co. will post 4.8 EPS for the current year.

Universal Display Announces Dividend

The firm also recently announced a quarterly dividend, which will be paid on Tuesday, December 31st. Stockholders of record on Tuesday, December 17th will be given a dividend of $0.40 per share. This represents a $1.60 dividend on an annualized basis and a dividend yield of 0.95%. The ex-dividend date of this dividend is Tuesday, December 17th. Universal Display’s dividend payout ratio (DPR) is presently 32.13%.

Insider Buying and Selling at Universal Display

In related news, Director Lawrence Lacerte purchased 742 shares of Universal Display stock in a transaction that occurred on Monday, November 4th. The stock was purchased at an average price of $180.89 per share, for a total transaction of $134,220.38. Following 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 ownership of the stock. The acquisition was disclosed in a filing with the SEC, which is available through the SEC website. 1.90% of the stock is owned by corporate insiders.

Wall Street Analyst Weigh In

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

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.