Heritage Family Offices LLP Has $237,000 Holdings in Universal Display Co. (NASDAQ:OLED)

Heritage Family Offices LLP decreased its stake in Universal Display Co. (NASDAQ:OLED) by 16.7% during the 4th quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 1,618 shares of the semiconductor company’s stock after selling 324 shares during the quarter. Heritage Family Offices LLP’s holdings in Universal Display were worth $237,000 at the end of the most recent quarter.

Other large investors have also recently bought and sold shares of the company. Park Avenue Securities LLC grew its holdings in shares of Universal Display by 20.0% in the 4th quarter. Park Avenue Securities LLC now owns 1,725 shares of the semiconductor company’s stock worth $252,000 after purchasing an additional 288 shares during the last quarter. Assenagon Asset Management S.A. increased its holdings in shares of Universal Display by 627.6% during the fourth quarter. Assenagon Asset Management S.A. now owns 78,351 shares of the semiconductor company’s stock worth $11,455,000 after buying an additional 67,583 shares in the last quarter. Fifth Third Wealth Advisors LLC raised its stake in shares of Universal Display by 24.3% in the fourth quarter. Fifth Third Wealth Advisors LLC now owns 1,674 shares of the semiconductor company’s stock valued at $245,000 after acquiring an additional 327 shares during the last quarter. Oak Thistle LLC boosted its holdings in shares of Universal Display by 192.5% in the 4th quarter. Oak Thistle LLC now owns 10,390 shares of the semiconductor company’s stock worth $1,519,000 after acquiring an additional 6,838 shares in the last quarter. Finally, Green Alpha Advisors LLC grew its position in Universal Display by 3.6% during the 4th quarter. Green Alpha Advisors LLC now owns 4,605 shares of the semiconductor company’s stock worth $673,000 after acquiring an additional 160 shares during the last quarter. 78.19% of the stock is currently owned by institutional investors.

Universal Display Trading Up 0.4 %

Universal Display stock opened at $147.12 on Friday. Universal Display Co. has a 1 year low of $143.25 and a 1 year high of $237.00. The company’s 50-day moving average is $157.72 and its two-hundred day moving average is $186.67. The company has a market cap of $6.98 billion, a PE ratio of 29.54, a PEG ratio of 1.62 and a beta of 1.40.

Universal Display (NASDAQ:OLED) last announced its quarterly earnings data on Wednesday, October 30th. The semiconductor company reported $1.40 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $1.19 by $0.21. The firm had revenue of $161.63 million for the quarter, compared to analysts’ expectations of $165.28 million. Universal Display had a net margin of 36.98% and a return on equity of 15.75%. The business’s revenue for the quarter was up 14.6% on a year-over-year basis. During the same period last year, the firm earned $1.08 earnings per share. Research analysts forecast that Universal Display Co. will post 4.77 EPS for the current year.

Universal Display Dividend Announcement

The business also recently announced a quarterly dividend, which was paid on Tuesday, December 31st. Shareholders of record on Tuesday, December 17th were paid a $0.40 dividend. This represents a $1.60 annualized dividend and a yield of 1.09%. The ex-dividend date was Tuesday, December 17th. Universal Display’s payout ratio is 32.13%.

Insiders Place Their Bets

In other news, Director Lawrence Lacerte bought 742 shares of the business’s stock in a transaction on Monday, November 4th. The shares were bought at an average cost of $180.89 per share, for a total transaction of $134,220.38. Following the completion of the acquisition, the director now owns 122,372 shares in the company, valued at approximately $22,135,871.08. This trade represents a 0.61 % increase in their position. The acquisition was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this hyperlink. Company insiders own 1.90% of the company’s stock.

Analyst Ratings Changes

A number of equities analysts have commented on OLED shares. Needham & Company LLC reissued a “buy” rating and issued a $215.00 price objective on shares of Universal Display in a research note on Thursday. Oppenheimer reduced their price target on shares of Universal Display from $220.00 to $200.00 and set an “outperform” rating on the stock in a research report on Thursday, January 2nd. Finally, TD Cowen lowered 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. Two investment analysts have rated the stock with a hold rating and five have assigned a buy rating to the company. Based on data from MarketBeat, the company currently 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.