Natixis Advisors L.P. Has $1.97 Million Holdings in Universal Display Co. (NASDAQ:OLED)

Natixis Advisors L.P. grew its position in Universal Display Co. (NASDAQ:OLED) by 4.8% during the 1st quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 12,695 shares of the semiconductor company’s stock after purchasing an additional 587 shares during the period. Natixis Advisors L.P.’s holdings in Universal Display were worth $1,969,000 at the end of the most recent quarter.

Other hedge funds also recently bought and sold shares of the company. WealthPLAN Partners LLC acquired a new position in shares of Universal Display during the 1st quarter valued at about $31,000. CI Investments Inc. increased its holdings in shares of Universal Display by 68.0% during the 4th quarter. CI Investments Inc. now owns 462 shares of the semiconductor company’s stock valued at $50,000 after acquiring an additional 187 shares during the last quarter. Brown Brothers Harriman & Co. acquired a new position in shares of Universal Display during the 1st quarter valued at about $93,000. Canada Pension Plan Investment Board increased its holdings in shares of Universal Display by 604.2% during the 1st quarter. Canada Pension Plan Investment Board now owns 1,000 shares of the semiconductor company’s stock valued at $167,000 after acquiring an additional 858 shares during the last quarter. Finally, Belpointe Asset Management LLC acquired a new position in shares of Universal Display during the 4th quarter valued at about $111,000. 75.92% of the stock is owned by institutional investors and hedge funds.

Insider Transactions at Universal Display

In other news, EVP Julia J. Brown sold 1,764 shares of the stock in a transaction that occurred on Tuesday, June 6th. The stock was sold at an average price of $150.14, for a total value of $264,846.96. Following the completion of the transaction, the executive vice president now directly owns 63,268 shares of the company’s stock, valued at approximately $9,499,057.52. The sale was disclosed in a legal filing with the SEC, which is available at this link. In related news, Director Richard C. Elias sold 2,000 shares of the firm’s stock in a transaction on Wednesday, August 9th. The stock was sold at an average price of $157.68, for a total transaction of $315,360.00. Following the completion of the sale, the director now directly owns 5,767 shares of the company’s stock, valued at approximately $909,340.56. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. Also, EVP Julia J. Brown sold 1,764 shares of the firm’s stock in a transaction on Tuesday, June 6th. The shares were sold at an average price of $150.14, for a total value of $264,846.96. Following the sale, the executive vice president now directly owns 63,268 shares of the company’s stock, valued at $9,499,057.52. The disclosure for this sale can be found here. 1.90% of the stock is currently owned by insiders.

Analyst Ratings Changes

A number of research analysts have recently commented on the company. The Goldman Sachs Group increased their price objective on Universal Display from $168.00 to $185.00 and gave the company a “buy” rating in a report on Friday, August 4th. StockNews.com assumed coverage on Universal Display in a research note on Thursday, August 17th. They set a “hold” rating for the company. Citigroup increased their target price on Universal Display from $150.00 to $182.00 and gave the company a “buy” rating in a research note on Tuesday, August 8th. Bank of America increased their target price on Universal Display from $145.00 to $165.00 and gave the company a “neutral” rating in a research note on Friday, August 4th. Finally, TD Cowen increased their target price on Universal Display from $150.00 to $185.00 and gave the company an “outperform” rating in a research note on Monday, August 7th. Three analysts have rated the stock with a hold rating and six have assigned a buy rating to the company. Based on data from MarketBeat.com, the stock has an average rating of “Moderate Buy” and an average price target of $167.22.

Universal Display Trading Up 1.0 %

Shares of OLED stock opened at $164.14 on Monday. The stock has a 50 day moving average of $147.97 and a two-hundred day moving average of $144.43. Universal Display Co. has a 12 month low of $89.41 and a 12 month high of $166.57. The company has a market capitalization of $7.77 billion, a P/E ratio of 37.73, a P/E/G ratio of 2.76 and a beta of 1.29.

Universal Display (NASDAQ:OLED) last announced its quarterly earnings data on Thursday, August 3rd. The semiconductor company reported $1.04 EPS for the quarter, topping analysts’ consensus estimates of $0.75 by $0.29. Universal Display had a return on equity of 16.24% and a net margin of 34.31%. The company had revenue of $146.57 million during the quarter, compared to the consensus estimate of $128.60 million. During the same quarter last year, the company earned $0.87 EPS. The company’s quarterly revenue was up 7.3% on a year-over-year basis. Sell-side analysts predict that Universal Display Co. will post 3.96 earnings per share for the current fiscal year.

Universal Display Announces Dividend

The business also recently announced a quarterly dividend, which will be paid on Friday, September 29th. Stockholders of record on Friday, September 15th will be issued a $0.35 dividend. The ex-dividend date of this dividend is Thursday, September 14th. This represents a $1.40 dividend on an annualized basis and a dividend yield of 0.85%. Universal Display’s payout ratio is presently 32.18%.

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. The company offers PHOLED technologies and materials for displays and lighting products under the UniversalPHOLED brand.