Janney Montgomery Scott LLC Sells 3,523 Shares of Universal Display Co. (NASDAQ:OLED)

Janney Montgomery Scott LLC trimmed its holdings in Universal Display Co. (NASDAQ:OLEDFree Report) by 8.6% in the 4th quarter, according to its most recent filing with the SEC. The institutional investor owned 37,466 shares of the semiconductor company’s stock after selling 3,523 shares during the quarter. Janney Montgomery Scott LLC owned about 0.08% of Universal Display worth $5,478,000 at the end of the most recent reporting period.

Other large investors also recently bought and sold shares of the company. Glenmede Trust Co. NA increased its holdings in Universal Display by 1.6% in the 3rd quarter. Glenmede Trust Co. NA now owns 6,046 shares of the semiconductor company’s stock worth $1,269,000 after buying an additional 97 shares in the last quarter. BNP Paribas Financial Markets grew its stake in shares of Universal Display by 8.8% during the 3rd quarter. BNP Paribas Financial Markets now owns 52,713 shares of the semiconductor company’s stock valued at $11,064,000 after purchasing an additional 4,269 shares during the period. Montanaro Asset Management Ltd grew its stake in shares of Universal Display by 217.4% during the 3rd quarter. Montanaro Asset Management Ltd now owns 63,260 shares of the semiconductor company’s stock valued at $13,278,000 after purchasing an additional 43,330 shares during the period. Cerity Partners LLC grew its stake in shares of Universal Display by 385.2% during the 3rd quarter. Cerity Partners LLC now owns 8,588 shares of the semiconductor company’s stock valued at $1,803,000 after purchasing an additional 6,818 shares during the period. Finally, Stifel Financial Corp grew its stake in shares of Universal Display by 200.0% during the 3rd quarter. Stifel Financial Corp now owns 120,234 shares of the semiconductor company’s stock valued at $25,237,000 after purchasing an additional 80,162 shares during the period. 78.19% of the stock is currently owned by institutional investors.

Analysts Set New Price Targets

OLED has been the subject of a number of recent research reports. TD Cowen cut their price target on Universal Display from $250.00 to $225.00 and set a “buy” rating for the company in a research note on Thursday, October 31st. Needham & Company LLC restated a “buy” rating and set a $215.00 price target on shares of Universal Display in a research note on Thursday, January 16th. Finally, Oppenheimer cut their price target on Universal Display from $220.00 to $200.00 and set an “outperform” rating for the company in a research note on Thursday, January 2nd. One research analyst has rated the stock with a hold rating and five have assigned a buy rating to the stock. Based on data from MarketBeat.com, Universal Display currently has a consensus rating of “Moderate Buy” and an average target price of $212.50.

Get Our Latest Stock Analysis on OLED

Insider Buying and Selling

In other Universal Display news, Director Lawrence Lacerte purchased 742 shares of the stock in a transaction that occurred on Monday, November 4th. The shares were bought at an average cost of $180.89 per share, with a total value of $134,220.38. Following the acquisition, the director now 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 purchase was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. 1.90% of the stock is owned by insiders.

Universal Display Trading Up 0.7 %

Shares of NASDAQ:OLED opened at $146.21 on Thursday. The stock has a 50 day moving average of $154.03 and a 200 day moving average of $182.01. The company has a market cap of $6.94 billion, a PE ratio of 29.36, a price-to-earnings-growth ratio of 1.62 and a beta of 1.40. Universal Display Co. has a 12-month low of $142.50 and a 12-month high of $237.00.

Universal Display (NASDAQ:OLEDGet Free Report) last posted its quarterly earnings results on Wednesday, October 30th. The semiconductor company reported $1.40 EPS for the quarter, topping analysts’ consensus estimates of $1.19 by $0.21. Universal Display had a return on equity of 15.75% and a net margin of 36.98%. The company had revenue of $161.63 million for the quarter, compared to analysts’ expectations of $165.28 million. During the same period in the previous year, the firm earned $1.08 EPS. The firm’s revenue was up 14.6% compared to the same quarter last year. Equities research analysts predict that Universal Display Co. will post 4.77 earnings per share for the current fiscal year.

Universal Display Company Profile

(Free Report)

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.

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

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