Orion Portfolio Solutions LLC Buys 171 Shares of Universal Display Co. (NASDAQ:OLED)

Orion Portfolio Solutions LLC grew its stake in Universal Display Co. (NASDAQ:OLED) by 2.6% in the 3rd quarter, according to its most recent filing with the Securities and Exchange Commission. The institutional investor owned 6,721 shares of the semiconductor company’s stock after purchasing an additional 171 shares during the quarter. Orion Portfolio Solutions LLC’s holdings in Universal Display were worth $1,411,000 at the end of the most recent quarter.

Several other institutional investors and hedge funds have also recently modified their holdings of the stock. Assetmark Inc. bought a new position in Universal Display in the third quarter worth about $29,000. Brooklyn Investment Group purchased a new position in shares of Universal Display during the 3rd quarter worth approximately $30,000. V Square Quantitative Management LLC bought a new position in shares of Universal Display in the 3rd quarter worth approximately $31,000. True Wealth Design LLC purchased a new position in shares of Universal Display in the 3rd quarter valued at approximately $36,000. Finally, Nisa Investment Advisors LLC boosted its position in shares of Universal Display by 60.2% during the third quarter. Nisa Investment Advisors LLC now owns 173 shares of the semiconductor company’s stock valued at $36,000 after purchasing an additional 65 shares in the last quarter. 78.19% of the stock is owned by hedge funds and other institutional investors.

Universal Display Stock Performance

NASDAQ:OLED opened at $162.80 on Friday. The firm has a market cap of $7.73 billion, a P/E ratio of 32.69, a P/E/G ratio of 1.73 and a beta of 1.39. Universal Display Co. has a fifty-two week low of $148.75 and a fifty-two week high of $237.00. The firm has a 50-day simple moving average of $181.26 and a two-hundred day simple moving average of $194.12.

Universal Display (NASDAQ:OLED) last announced its quarterly earnings results on Wednesday, October 30th. The semiconductor company reported $1.40 earnings per share for the quarter, beating the consensus estimate of $1.19 by $0.21. The company had revenue of $161.63 million during the quarter, compared to the consensus estimate of $165.28 million. Universal Display had a net margin of 36.98% and a return on equity of 15.75%. The firm’s quarterly revenue was up 14.6% compared to the same quarter last year. During the same quarter last year, the firm earned $1.08 earnings per share. On average, equities research analysts predict that Universal Display Co. will post 4.8 EPS for the current year.

Universal Display Dividend Announcement

The firm also recently declared a quarterly dividend, which will be paid on Tuesday, December 31st. Stockholders of record on Tuesday, December 17th will be issued a dividend of $0.40 per share. This represents a $1.60 dividend on an annualized basis and a dividend yield of 0.98%. The ex-dividend date is Tuesday, December 17th. Universal Display’s payout ratio is currently 32.13%.

Analysts Set New Price Targets

A number of research firms have issued reports on OLED. TD Cowen decreased their price objective on Universal Display from $250.00 to $225.00 and set a “buy” rating for the company in a report on Thursday, October 31st. Oppenheimer decreased their price target on shares of Universal Display from $240.00 to $220.00 and set an “outperform” rating for the company in a research note on Thursday, October 31st. Finally, Needham & Company LLC dropped their price objective on shares of Universal Display from $242.00 to $215.00 and set a “buy” rating on the stock in a research note on Thursday, October 31st. Two equities research analysts have rated the stock with a hold rating and six have assigned a buy rating to the stock. According to MarketBeat.com, the company currently has a consensus rating of “Moderate Buy” and an average target price of $215.63.

Insider Activity

In other news, Director Lawrence Lacerte acquired 742 shares of Universal Display stock in a transaction that occurred on Monday, November 4th. The stock was bought at an average price of $180.89 per share, for a total transaction of $134,220.38. Following the completion of the transaction, the director now owns 122,372 shares in the company, valued at $22,135,871.08. The trade was a 0.61 % increase in their ownership of the stock. The purchase was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this hyperlink. Corporate insiders own 1.90% of the company’s stock.

About Universal Display

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.