PFG Investments LLC Has $2.81 Million Holdings in Universal Display Co. (NASDAQ:OLED)

PFG Investments LLC increased its holdings in Universal Display Co. (NASDAQ:OLED) by 14.5% in the third quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 13,370 shares of the semiconductor company’s stock after buying an additional 1,690 shares during the period. PFG Investments LLC’s holdings in Universal Display were worth $2,806,000 as of its most recent filing with the Securities and Exchange Commission.

Several other institutional investors have also made changes to their positions in OLED. Kayne Anderson Rudnick Investment Management LLC acquired a new position in Universal Display in the 2nd quarter valued at $127,668,000. Raymond James & Associates lifted its position in Universal Display by 629.9% during the third quarter. Raymond James & Associates now owns 269,414 shares of the semiconductor company’s stock worth $56,550,000 after purchasing an additional 232,503 shares during the period. Janus Henderson Group PLC grew its stake in Universal Display by 66.6% during the first quarter. Janus Henderson Group PLC now owns 434,029 shares of the semiconductor company’s stock worth $73,099,000 after buying an additional 173,496 shares in the last quarter. CloudAlpha Capital Management Limited Hong Kong bought a new position in Universal Display in the 2nd quarter valued at about $34,558,000. Finally, Strategic Financial Concepts LLC acquired a new position in shares of Universal Display in the 2nd quarter valued at approximately $23,500,000. 78.19% of the stock is currently owned by institutional investors.

Universal Display Stock Performance

Shares of NASDAQ:OLED traded up $1.05 during midday trading on Friday, hitting $202.15. 300,987 shares of the stock were exchanged, compared to its average volume of 360,895. The business’s 50-day moving average price is $200.84 and its 200 day moving average price is $192.78. Universal Display Co. has a 12 month low of $133.67 and a 12 month high of $237.00. The stock has a market capitalization of $9.59 billion, a price-to-earnings ratio of 43.95, a P/E/G ratio of 2.19 and a beta of 1.42.

Universal Display (NASDAQ:OLED) last posted its earnings results on Thursday, August 1st. The semiconductor company reported $1.10 earnings per share for the quarter, missing analysts’ consensus estimates of $1.14 by ($0.04). The business had revenue of $158.50 million for the quarter, compared to the consensus estimate of $159.46 million. Universal Display had a return on equity of 15.25% and a net margin of 35.74%. The company’s revenue was up 8.1% compared to the same quarter last year. During the same period in the previous year, the firm earned $1.04 earnings per share. As a group, sell-side analysts expect that Universal Display Co. will post 4.81 EPS for the current year.

Universal Display Announces Dividend

The business also recently declared a quarterly dividend, which was paid on Monday, September 30th. Stockholders of record on Monday, September 16th were paid a $0.40 dividend. The ex-dividend date of this dividend was Monday, September 16th. This represents a $1.60 annualized dividend and a dividend yield of 0.79%. Universal Display’s payout ratio is 34.78%.

Analyst Ratings Changes

OLED has been the topic of a number of recent analyst reports. The Goldman Sachs Group lifted their price objective on shares of Universal Display from $208.00 to $243.00 and gave the company a “buy” rating in a research note on Thursday, July 18th. Needham & Company LLC boosted their price target on Universal Display from $198.00 to $242.00 and gave the stock a “buy” rating in a report on Tuesday, July 2nd. Roth Mkm raised their price objective on Universal Display from $189.00 to $217.00 and gave the company a “buy” rating in a research note on Friday, August 2nd. TD Cowen boosted their target price on Universal Display from $210.00 to $250.00 and gave the stock a “buy” rating in a research note on Friday, August 2nd. Finally, Oppenheimer raised their price target on shares of Universal Display from $200.00 to $250.00 and gave the company an “outperform” rating in a research note on Wednesday, July 3rd. Two equities research analysts have rated the stock with a hold rating and six have issued a buy rating to the company’s stock. Based on data from MarketBeat.com, Universal Display has a consensus rating of “Moderate Buy” and an average target price of $225.88.

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