Janney Montgomery Scott LLC Sells 134 Shares of Universal Display Co. (NASDAQ:OLED)

Janney Montgomery Scott LLC lowered its holdings in shares of Universal Display Co. (NASDAQ:OLEDGet Rating) by 2.3% in the third quarter, according to its most recent disclosure with the SEC. The firm owned 5,727 shares of the semiconductor company’s stock after selling 134 shares during the period. Janney Montgomery Scott LLC’s holdings in Universal Display were worth $540,000 as of its most recent filing with the SEC.

A number of other institutional investors have also recently bought and sold shares of OLED. Raymond James Financial Services Advisors Inc. boosted its stake in shares of Universal Display by 7.6% during the 3rd quarter. Raymond James Financial Services Advisors Inc. now owns 19,911 shares of the semiconductor company’s stock worth $1,878,000 after acquiring an additional 1,410 shares during the period. Cardinal Capital Management lifted its holdings in Universal Display by 2.2% during the 3rd quarter. Cardinal Capital Management now owns 6,798 shares of the semiconductor company’s stock valued at $641,000 after purchasing an additional 149 shares during the last quarter. NuWave Investment Management LLC bought a new position in Universal Display during the third quarter worth $41,000. Endurance Wealth Management Inc. boosted its position in Universal Display by 1.7% during the third quarter. Endurance Wealth Management Inc. now owns 134,671 shares of the semiconductor company’s stock worth $12,707,000 after purchasing an additional 2,263 shares during the period. Finally, Griffin Asset Management Inc. increased its holdings in shares of Universal Display by 5.4% in the third quarter. Griffin Asset Management Inc. now owns 583,570 shares of the semiconductor company’s stock valued at $55,060,000 after purchasing an additional 29,934 shares during the last quarter. Institutional investors and hedge funds own 73.43% of the company’s stock.

Universal Display Stock Performance

NASDAQ:OLED opened at $129.17 on Monday. Universal Display Co. has a fifty-two week low of $89.41 and a fifty-two week high of $176.41. The company has a market cap of $6.10 billion, a price-to-earnings ratio of 32.29, a PEG ratio of 1.77 and a beta of 1.40. The stock has a fifty day moving average price of $113.57 and a 200-day moving average price of $109.21.

Universal Display (NASDAQ:OLEDGet Rating) last posted its quarterly earnings data on Thursday, November 3rd. The semiconductor company reported $1.12 earnings per share for the quarter, topping the consensus estimate of $0.90 by $0.22. The business had revenue of $160.56 million during the quarter, compared to analysts’ expectations of $144.79 million. Universal Display had a net margin of 32.13% and a return on equity of 16.56%. Research analysts predict that Universal Display Co. will post 3.99 EPS for the current fiscal year.

Universal Display Announces Dividend

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

Wall Street Analyst Weigh In

OLED has been the subject of several research analyst reports. Susquehanna raised shares of Universal Display from a “negative” rating to a “neutral” rating and lifted their target price for the stock from $82.00 to $135.00 in a report on Thursday. Oppenheimer reduced their price objective on Universal Display from $150.00 to $135.00 in a report on Friday, November 4th. Needham & Company LLC lowered their target price on Universal Display from $140.00 to $128.00 and set a “buy” rating on the stock in a research note on Friday, November 4th. The Goldman Sachs Group reduced their price target on Universal Display from $185.00 to $158.00 and set a “buy” rating for the company in a research note on Friday, November 4th. Finally, Cowen lowered their price objective on Universal Display from $145.00 to $130.00 in a research report on Friday, November 4th. Three research analysts have rated the stock with a hold rating and four have given a buy rating to the stock. Based on data from MarketBeat.com, the company currently has a consensus rating of “Moderate Buy” and a consensus target price of $139.10.

Universal Display Company 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.

Further Reading

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

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