Universal Display Co. (NASDAQ:OLED) Shares Bought by Assenagon Asset Management S.A.

Assenagon Asset Management S.A. lifted its stake in Universal Display Co. (NASDAQ:OLEDFree Report) by 14.3% during the 1st quarter, according to the company in its most recent filing with the SEC. The fund owned 14,154 shares of the semiconductor company’s stock after acquiring an additional 1,775 shares during the quarter. Assenagon Asset Management S.A.’s holdings in Universal Display were worth $2,384,000 at the end of the most recent reporting period.

Several other large investors have also recently made changes to their positions in OLED. Benjamin F. Edwards & Company Inc. acquired a new stake in shares of Universal Display in the 4th quarter valued at $25,000. Orion Capital Management LLC acquired a new position in Universal Display in the third quarter valued at $31,000. Principal Securities Inc. acquired a new position in Universal Display in the fourth quarter valued at $34,000. Tsfg LLC acquired a new position in Universal Display in the first quarter valued at $34,000. Finally, University of Texas Texas AM Investment Managment Co. purchased a new stake in shares of Universal Display in the fourth quarter valued at about $35,000. 78.19% of the stock is currently owned by institutional investors and hedge funds.

Analyst Upgrades and Downgrades

A number of research firms recently commented on OLED. Oppenheimer reissued an “outperform” rating and set a $200.00 price objective (down previously from $210.00) on shares of Universal Display in a report on Friday, February 23rd. TD Cowen boosted their price objective on shares of Universal Display from $165.00 to $210.00 and gave the company an “outperform” rating in a research report on Friday, February 23rd. Finally, Needham & Company LLC reaffirmed a “buy” rating and set a $198.00 price target on shares of Universal Display in a research report on Friday, May 3rd. Two research analysts have rated the stock with a hold rating and six have issued a buy rating to the company’s stock. According to data from MarketBeat.com, Universal Display has a consensus rating of “Moderate Buy” and a consensus target price of $199.86.

View Our Latest Stock Report on Universal Display

Insider Buying and Selling at Universal Display

In other Universal Display news, SVP Mauro Premutico sold 8,202 shares of the stock in a transaction on Tuesday, May 7th. The shares were sold at an average price of $176.82, for a total transaction of $1,450,277.64. Following the transaction, the senior vice president now directly owns 28,743 shares in the company, valued at approximately $5,082,337.26. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this hyperlink. In other Universal Display news, EVP Julia J. Brown sold 10,358 shares of the stock in a transaction on Wednesday, May 8th. The shares were sold at an average price of $175.00, for a total transaction of $1,812,650.00. Following the sale, the executive vice president now directly owns 56,624 shares of the company’s stock, valued at $9,909,200. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, SVP Mauro Premutico sold 8,202 shares of the stock in a transaction on Tuesday, May 7th. The stock was sold at an average price of $176.82, for a total transaction of $1,450,277.64. Following the sale, the senior vice president now directly owns 28,743 shares in the company, valued at $5,082,337.26. The disclosure for this sale can be found here. 1.90% of the stock is currently owned by insiders.

Universal Display Trading Down 0.3 %

OLED traded down $0.53 during trading on Tuesday, hitting $175.09. 151,884 shares of the company’s stock were exchanged, compared to its average volume of 283,848. Universal Display Co. has a 1 year low of $133.67 and a 1 year high of $194.84. The stock has a 50 day moving average price of $164.13 and a 200 day moving average price of $171.44. The firm has a market cap of $8.31 billion, a P/E ratio of 38.06, a price-to-earnings-growth ratio of 1.88 and a beta of 1.44.

Universal Display (NASDAQ:OLEDGet Free Report) last announced its earnings results on Thursday, May 2nd. The semiconductor company reported $1.19 earnings per share for the quarter, beating the consensus estimate of $1.05 by $0.14. The business had revenue of $165.26 million during the quarter, compared to the consensus estimate of $150.75 million. Universal Display had a net margin of 36.00% and a return on equity of 15.57%. The business’s quarterly revenue was up 26.7% compared to the same quarter last year. During the same period in the prior year, the firm earned $0.83 earnings per share. Analysts forecast that Universal Display Co. will post 4.73 earnings per share for the current fiscal year.

Universal Display Dividend Announcement

The business also recently disclosed a quarterly dividend, which will be paid on Friday, June 28th. Shareholders of record on Friday, June 14th will be paid a dividend of $0.40 per share. The ex-dividend date is Friday, June 14th. This represents a $1.60 dividend on an annualized basis and a yield of 0.91%. Universal Display’s dividend payout ratio (DPR) is 34.78%.

About Universal Display

(Free Report)

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

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

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