229,490 Shares in Universal Display Corporation $OLED Bought by Deprince Race & Zollo Inc.

Deprince Race & Zollo Inc. acquired a new stake in shares of Universal Display Corporation (NASDAQ:OLED) in the third quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor acquired 229,490 shares of the semiconductor company’s stock, valued at approximately $32,962,000. Deprince Race & Zollo Inc. owned about 0.48% of Universal Display as of its most recent filing with the Securities and Exchange Commission (SEC).

Other institutional investors and hedge funds have also bought and sold shares of the company. Primecap Management Co. CA grew its stake in shares of Universal Display by 20.7% during the 2nd quarter. Primecap Management Co. CA now owns 2,215,308 shares of the semiconductor company’s stock valued at $342,176,000 after purchasing an additional 379,586 shares during the period. Norges Bank purchased a new position in shares of Universal Display in the second quarter worth approximately $124,480,000. First Trust Advisors LP grew its position in Universal Display by 14.9% during the second quarter. First Trust Advisors LP now owns 699,412 shares of the semiconductor company’s stock valued at $108,031,000 after buying an additional 90,766 shares during the period. Greenhouse Funds LLLP increased its holdings in Universal Display by 14.4% during the second quarter. Greenhouse Funds LLLP now owns 644,146 shares of the semiconductor company’s stock valued at $99,495,000 after buying an additional 81,025 shares during the last quarter. Finally, Rafferty Asset Management LLC raised its position in Universal Display by 63.2% in the second quarter. Rafferty Asset Management LLC now owns 574,161 shares of the semiconductor company’s stock worth $88,685,000 after acquiring an additional 222,327 shares during the period. 78.19% of the stock is owned by hedge funds and other institutional investors.

Universal Display Stock Performance

Shares of OLED stock opened at $119.60 on Friday. The stock has a fifty day simple moving average of $126.14 and a two-hundred day simple moving average of $139.54. The firm has a market capitalization of $5.69 billion, a PE ratio of 25.78, a PEG ratio of 3.67 and a beta of 1.62. Universal Display Corporation has a 52-week low of $103.70 and a 52-week high of $164.29.

Universal Display (NASDAQ:OLED) last released its quarterly earnings data on Thursday, November 6th. The semiconductor company reported $0.92 earnings per share for the quarter, missing analysts’ consensus estimates of $1.19 by ($0.27). Universal Display had a return on equity of 14.10% and a net margin of 34.65%.The business had revenue of $139.61 million during the quarter, compared to the consensus estimate of $165.56 million. During the same period last year, the company earned $1.40 EPS. The business’s revenue was down 13.6% on a year-over-year basis. On average, sell-side analysts forecast that Universal Display Corporation will post 4.71 EPS for the current fiscal year.

Universal Display Dividend Announcement

The business also recently disclosed a quarterly dividend, which will be paid on Wednesday, December 31st. Stockholders of record on Wednesday, December 17th will be given a dividend of $0.45 per share. The ex-dividend date is Wednesday, December 17th. This represents a $1.80 annualized dividend and a dividend yield of 1.5%. Universal Display’s dividend payout ratio (DPR) is presently 38.79%.

Analyst Ratings Changes

A number of equities research analysts have recently issued reports on the stock. Needham & Company LLC reissued a “buy” rating and set a $150.00 price objective on shares of Universal Display in a research report on Monday, December 22nd. Zacks Research lowered Universal Display from a “strong-buy” rating to a “hold” rating in a report on Wednesday, November 19th. Finally, Weiss Ratings restated a “hold (c-)” rating on shares of Universal Display in a research report on Wednesday. Four equities research analysts have rated the stock with a Buy rating and four have given a Hold rating to the stock. According to data from MarketBeat.com, the stock presently has a consensus rating of “Moderate Buy” and a consensus target price of $181.33.

Universal Display Company Profile

Universal Display Corporation (NASDAQ: OLED) is a technology company specializing in organic light-emitting diode (OLED) solutions. The company develops and commercializes materials, technologies and software used in the creation of OLED displays and lighting. Its offerings include proprietary phosphorescent OLED (PHOLED) materials, display driver integrated circuits and process technologies that enable higher efficiency, longer lifetimes and improved color performance for a range of display and lighting applications.

Universal Display’s core business is licensing its extensive OLED patent portfolio to display manufacturers and providing them with the key organic materials needed for device fabrication.