Bernardo Wealth Planning LLC Cuts Stock Holdings in Universal Display Co. (NASDAQ:OLED)

Bernardo Wealth Planning LLC cut its stake in shares of Universal Display Co. (NASDAQ:OLED) by 3.3% in the 4th quarter, according to its most recent filing with the Securities & Exchange Commission. The firm owned 2,903 shares of the semiconductor company’s stock after selling 100 shares during the period. Bernardo Wealth Planning LLC’s holdings in Universal Display were worth $430,000 as of its most recent SEC filing.

A number of other institutional investors and hedge funds have also made changes to their positions in OLED. Assetmark Inc. purchased a new stake in Universal Display during the third quarter valued at about $29,000. Brooklyn Investment Group purchased a new stake in shares of Universal Display during the 3rd quarter worth about $30,000. V Square Quantitative Management LLC acquired a new stake in Universal Display during the 3rd quarter worth approximately $31,000. True Wealth Design LLC purchased a new position in Universal Display in the third quarter valued at approximately $36,000. Finally, Nisa Investment Advisors LLC lifted its position in 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 buying an additional 65 shares in the last quarter. 78.19% of the stock is currently owned by institutional investors and hedge funds.

Universal Display Price Performance

Shares of OLED stock opened at $149.24 on Friday. The company’s fifty day moving average price is $157.11 and its two-hundred day moving average price is $186.06. The firm has a market capitalization of $7.08 billion, a P/E ratio of 29.97, a P/E/G ratio of 1.62 and a beta of 1.40. Universal Display Co. has a 12 month low of $143.25 and a 12 month high of $237.00.

Universal Display (NASDAQ:OLED) last released its quarterly earnings results on Wednesday, October 30th. The semiconductor company reported $1.40 EPS for the quarter, topping the consensus estimate of $1.19 by $0.21. Universal Display had a return on equity of 15.75% and a net margin of 36.98%. The business had revenue of $161.63 million for the quarter, compared to analysts’ expectations of $165.28 million. During the same quarter in the previous year, the firm posted $1.08 earnings per share. The company’s revenue was up 14.6% compared to the same quarter last year. On average, sell-side analysts anticipate that Universal Display Co. will post 4.77 EPS for the current year.

Universal Display Dividend Announcement

The business also recently declared a quarterly dividend, which was paid on Tuesday, December 31st. Investors of record on Tuesday, December 17th were paid a $0.40 dividend. The ex-dividend date was Tuesday, December 17th. This represents a $1.60 dividend on an annualized basis and a dividend yield of 1.07%. Universal Display’s dividend payout ratio (DPR) is presently 32.13%.

Insider Buying and Selling

In other news, Director Lawrence Lacerte purchased 742 shares of the firm’s stock in a transaction that occurred on Monday, November 4th. The stock was acquired at an average cost of $180.89 per share, for a total transaction of $134,220.38. Following the completion of the purchase, the director now owns 122,372 shares of the company’s stock, valued at approximately $22,135,871.08. This trade represents a 0.61 % increase in their ownership of the stock. The purchase was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Insiders own 1.90% of the company’s stock.

Analysts Set New Price Targets

Several research firms have recently issued reports on OLED. TD Cowen dropped their price objective on shares of Universal Display from $250.00 to $225.00 and set a “buy” rating for the company in a research report on Thursday, October 31st. Needham & Company LLC reiterated a “buy” rating and issued a $215.00 price target on shares of Universal Display in a report on Thursday. Finally, Oppenheimer reduced their price objective on Universal Display from $220.00 to $200.00 and set an “outperform” rating on the stock in a research note on Thursday, January 2nd. Two equities research analysts have rated the stock with a hold rating and five have given a buy rating to the company’s stock. Based on data from MarketBeat.com, the company has an average rating of “Moderate Buy” and a consensus target price of $207.86.

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.