Universal Display Co. (NASDAQ:OLED) Shares Purchased by Baird Financial Group Inc.

Baird Financial Group Inc. lifted its stake in Universal Display Co. (NASDAQ:OLEDGet Rating) by 4.2% in the 2nd quarter, according to the company in its most recent Form 13F filing with the SEC. The fund owned 24,107 shares of the semiconductor company’s stock after purchasing an additional 976 shares during the quarter. Baird Financial Group Inc. owned about 0.05% of Universal Display worth $2,437,000 at the end of the most recent reporting period.

Several other hedge funds and other institutional investors have also recently made changes to their positions in OLED. Comerica Bank increased its holdings in shares of Universal Display by 3.0% in the first quarter. Comerica Bank now owns 21,196 shares of the semiconductor company’s stock valued at $3,063,000 after purchasing an additional 624 shares during the last quarter. Belpointe Asset Management LLC increased its stake in Universal Display by 60.5% during the first quarter. Belpointe Asset Management LLC now owns 968 shares of the semiconductor company’s stock worth $162,000 after acquiring an additional 365 shares during the last quarter. SG Americas Securities LLC increased its stake in Universal Display by 161.8% during the first quarter. SG Americas Securities LLC now owns 18,008 shares of the semiconductor company’s stock worth $3,006,000 after acquiring an additional 11,129 shares during the last quarter. Signaturefd LLC increased its stake in Universal Display by 174.4% during the first quarter. Signaturefd LLC now owns 354 shares of the semiconductor company’s stock worth $59,000 after acquiring an additional 225 shares during the last quarter. Finally, Personal CFO Solutions LLC increased its stake in Universal Display by 21.7% during the first quarter. Personal CFO Solutions LLC now owns 1,554 shares of the semiconductor company’s stock worth $259,000 after acquiring an additional 277 shares during the last quarter. Institutional investors and hedge funds own 71.77% of the company’s stock.

Wall Street Analysts Forecast Growth

OLED has been the subject of several recent analyst reports. Deutsche Bank Aktiengesellschaft cut their target price on Universal Display from $180.00 to $150.00 and set a “buy” rating for the company in a research note on Monday, August 1st. Cowen cut their target price on Universal Display from $175.00 to $145.00 in a research note on Friday, August 5th. Needham & Company LLC lowered their price target on Universal Display from $140.00 to $128.00 and set a “buy” rating for the company in a research report on Friday, November 4th. Cowen lowered their price target on Universal Display from $145.00 to $130.00 in a research report on Friday, November 4th. Finally, StockNews.com assumed coverage on Universal Display in a research report on Wednesday, October 12th. They set a “hold” rating for the company. Two equities research analysts have rated the stock with a hold rating and three have assigned a buy rating to the company’s stock. According to data from MarketBeat.com, the stock currently has an average rating of “Moderate Buy” and an average price target of $145.44.

Universal Display Trading Up 4.6 %

NASDAQ:OLED opened at $113.44 on Wednesday. The firm has a market cap of $5.36 billion, a PE ratio of 28.36, a price-to-earnings-growth ratio of 1.58 and a beta of 1.41. The stock has a fifty day moving average price of $99.95 and a 200 day moving average price of $110.92. Universal Display Co. has a 12-month low of $89.41 and a 12-month high of $178.75.

Universal Display Dividend Announcement

The business also recently announced a quarterly dividend, which will be paid on Friday, December 30th. Investors of record on Friday, December 16th will be issued a $0.30 dividend. The ex-dividend date is Thursday, December 15th. This represents a $1.20 dividend on an annualized basis and a yield of 1.06%. Universal Display’s dividend payout ratio (DPR) is presently 30.00%.

Universal Display Company Profile

(Get Rating)

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. It owns, exclusively licenses, or has sole rights to sublicense approximately 5,500 issued and pending patents worldwide.

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

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