Crossmark Global Holdings Inc. Grows Stake in Universal Display Co. (NASDAQ:OLED)

Crossmark Global Holdings Inc. lifted its stake in shares of Universal Display Co. (NASDAQ:OLEDGet Rating) by 2.3% in the third quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 5,182 shares of the semiconductor company’s stock after purchasing an additional 116 shares during the period. Crossmark Global Holdings Inc.’s holdings in Universal Display were worth $489,000 as of its most recent filing with the Securities & Exchange Commission.

Other large investors also recently bought and sold shares of the company. Sigma Planning Corp grew its stake in Universal Display by 9.1% during the 2nd quarter. Sigma Planning Corp now owns 8,185 shares of the semiconductor company’s stock valued at $828,000 after acquiring an additional 686 shares in the last quarter. Banco Santander S.A. purchased a new stake in Universal Display during the 2nd quarter valued at about $491,000. Trexquant Investment LP grew its stake in Universal Display by 716.2% during the 2nd quarter. Trexquant Investment LP now owns 13,476 shares of the semiconductor company’s stock valued at $1,363,000 after acquiring an additional 11,825 shares in the last quarter. Comerica Bank grew its stake in Universal Display by 0.8% during the 2nd quarter. Comerica Bank now owns 21,363 shares of the semiconductor company’s stock valued at $2,423,000 after acquiring an additional 167 shares in the last quarter. Finally, Endurance Wealth Management Inc. boosted its holdings in Universal Display by 1.7% in the 3rd quarter. Endurance Wealth Management Inc. now owns 134,671 shares of the semiconductor company’s stock valued at $12,707,000 after purchasing an additional 2,263 shares during the last quarter. Hedge funds and other institutional investors own 73.43% of the company’s stock.

Universal Display Stock Up 0.9 %

Universal Display stock opened at $129.17 on Monday. The firm has a market cap of $6.10 billion, a PE ratio of 32.29, a price-to-earnings-growth ratio of 1.77 and a beta of 1.39. Universal Display Co. has a 52-week low of $89.41 and a 52-week high of $176.41. The company’s 50 day moving average is $113.57 and its two-hundred day moving average is $109.21.

Universal Display (NASDAQ:OLEDGet Rating) last released its earnings results on Thursday, November 3rd. The semiconductor company reported $1.12 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.90 by $0.22. The company had revenue of $160.56 million for the quarter, compared to analyst estimates of $144.79 million. Universal Display had a net margin of 32.13% and a return on equity of 16.56%. On average, equities research analysts anticipate that Universal Display Co. will post 3.99 earnings per share for the current fiscal year.

Universal Display Dividend Announcement

The company also recently disclosed a quarterly dividend, which was paid on Friday, December 30th. Shareholders of record on Friday, December 16th were given a $0.30 dividend. This represents a $1.20 dividend on an annualized basis and a dividend yield of 0.93%. The ex-dividend date was Thursday, December 15th. Universal Display’s dividend payout ratio is presently 30.00%.

Wall Street Analyst Weigh In

OLED has been the topic of several recent analyst reports. StockNews.com initiated coverage on shares of Universal Display in a report on Wednesday, October 12th. They issued a “hold” rating on the stock. Needham & Company LLC decreased their target price on shares of Universal Display from $140.00 to $128.00 and set a “buy” rating on the stock in a report on Friday, November 4th. Cowen decreased their target price on shares of Universal Display from $145.00 to $130.00 in a report on Friday, November 4th. Susquehanna upgraded shares of Universal Display from a “negative” rating to a “neutral” rating and boosted their target price for the company from $82.00 to $135.00 in a report on Thursday. Finally, Oppenheimer decreased their price objective on shares of Universal Display from $150.00 to $135.00 in a report on Friday, November 4th. Three analysts have rated the stock with a hold rating and four have assigned a buy rating to the company’s stock. Based on data from MarketBeat, Universal Display has a consensus rating of “Moderate Buy” and an average target price of $139.10.

Universal Display Profile

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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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