Heritage Family Offices LLP Purchases Shares of 1,942 Universal Display Co. (NASDAQ:OLED)

Heritage Family Offices LLP purchased a new stake in Universal Display Co. (NASDAQ:OLED) during the 3rd quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The fund purchased 1,942 shares of the semiconductor company’s stock, valued at approximately $408,000.

Other institutional investors have also recently added to or reduced their stakes in the company. SageView Advisory Group LLC acquired a new position in Universal Display in the first quarter valued at approximately $1,179,000. Montag A & Associates Inc. increased its holdings in shares of Universal Display by 28.9% during the first quarter. Montag A & Associates Inc. now owns 11,848 shares of the semiconductor company’s stock valued at $1,996,000 after acquiring an additional 2,655 shares in the last quarter. Tidal Investments LLC increased its holdings in shares of Universal Display by 172.0% during the first quarter. Tidal Investments LLC now owns 6,246 shares of the semiconductor company’s stock valued at $1,052,000 after acquiring an additional 3,950 shares in the last quarter. Meeder Asset Management Inc. bought a new stake in shares of Universal Display during the first quarter valued at approximately $1,001,000. Finally, Harbor Capital Advisors Inc. increased its holdings in shares of Universal Display by 375.1% during the second quarter. Harbor Capital Advisors Inc. now owns 10,043 shares of the semiconductor company’s stock valued at $2,112,000 after acquiring an additional 7,929 shares in the last quarter. 78.19% of the stock is owned by institutional investors and hedge funds.

Universal Display Trading Up 0.0 %

OLED stock opened at $201.88 on Thursday. The stock’s fifty day simple moving average is $197.25 and its two-hundred day simple moving average is $191.07. Universal Display Co. has a 1-year low of $133.67 and a 1-year high of $237.00. The stock has a market cap of $9.58 billion, a P/E ratio of 43.32, a P/E/G ratio of 2.20 and a beta of 1.42.

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

Universal Display Announces Dividend

The company also recently declared a quarterly dividend, which was paid on Monday, September 30th. Stockholders of record on Monday, September 16th were given a dividend of $0.40 per share. The ex-dividend date of this dividend was Monday, September 16th. This represents a $1.60 dividend on an annualized basis and a dividend yield of 0.79%. Universal Display’s dividend payout ratio is presently 34.33%.

Wall Street Analysts Forecast Growth

Several equities research analysts have recently commented on the company. TD Cowen boosted their price objective on Universal Display from $210.00 to $250.00 and gave the company a “buy” rating in a report on Friday, August 2nd. The Goldman Sachs Group boosted their price objective on Universal Display from $208.00 to $243.00 and gave the company a “buy” rating in a report on Thursday, July 18th. Susquehanna upped their price target on Universal Display from $170.00 to $175.00 and gave the stock a “neutral” rating in a report on Friday, August 2nd. Needham & Company LLC upped 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. Finally, Oppenheimer upped their price target on Universal Display from $200.00 to $250.00 and gave the stock an “outperform” rating in a report on Wednesday, July 3rd. Two investment 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, the stock presently has a consensus rating of “Moderate Buy” and a consensus price target of $225.88.

Universal Display 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.