Perigon Wealth Management LLC Boosts Holdings in Universal Display Co. (NASDAQ:OLED)

Perigon Wealth Management LLC raised its stake in shares of Universal Display Co. (NASDAQ:OLED) by 18.2% in the fourth quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 2,582 shares of the semiconductor company’s stock after buying an additional 398 shares during the quarter. Perigon Wealth Management LLC’s holdings in Universal Display were worth $380,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other institutional investors and hedge funds have also recently modified their holdings of the stock. Nisa Investment Advisors LLC grew its stake 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 acquiring an additional 65 shares in the last quarter. UMB Bank n.a. increased its holdings in shares of Universal Display by 42.1% in the third quarter. UMB Bank n.a. now owns 324 shares of the semiconductor company’s stock worth $68,000 after purchasing an additional 96 shares during the last quarter. Glenmede Trust Co. NA lifted its position in shares of Universal Display by 1.6% in the third quarter. Glenmede Trust Co. NA now owns 6,046 shares of the semiconductor company’s stock worth $1,269,000 after buying an additional 97 shares in the last quarter. Prospera Financial Services Inc boosted its stake in Universal Display by 4.4% during the third quarter. Prospera Financial Services Inc now owns 2,576 shares of the semiconductor company’s stock valued at $542,000 after buying an additional 108 shares during the last quarter. Finally, Wilmington Savings Fund Society FSB grew its holdings in Universal Display by 2.8% during the 3rd quarter. Wilmington Savings Fund Society FSB now owns 4,272 shares of the semiconductor company’s stock valued at $897,000 after buying an additional 118 shares in the last quarter. Institutional investors own 78.19% of the company’s stock.

Insider Transactions at Universal Display

In other news, Director Lawrence Lacerte bought 742 shares of the stock in a transaction 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 acquisition, the director now owns 122,372 shares of the company’s stock, valued at $22,135,871.08. This represents a 0.61 % increase in their ownership of the stock. The acquisition was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. Corporate insiders own 1.90% of the company’s stock.

Universal Display Trading Down 1.0 %

Universal Display stock opened at $149.92 on Friday. Universal Display Co. has a 12-month low of $142.50 and a 12-month high of $237.00. The firm has a 50-day moving average price of $153.36 and a 200-day moving average price of $180.85. The firm has a market capitalization of $7.12 billion, a PE ratio of 30.10, a price-to-earnings-growth ratio of 1.60 and a beta of 1.40.

Universal Display (NASDAQ:OLED) last issued its quarterly earnings results on Wednesday, October 30th. The semiconductor company reported $1.40 earnings per share 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 firm had revenue of $161.63 million for the quarter, compared to the consensus estimate of $165.28 million. During the same period in the prior year, the business posted $1.08 earnings per share. The company’s revenue for the quarter was up 14.6% on a year-over-year basis. As a group, sell-side analysts predict that Universal Display Co. will post 4.77 earnings per share for the current fiscal year.

Analyst Upgrades and Downgrades

OLED has been the subject of a number of research reports. Oppenheimer lowered their target price on Universal Display from $220.00 to $200.00 and set an “outperform” rating for the company in a research report on Thursday, January 2nd. 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, January 16th. Finally, TD Cowen reduced their target price on shares of Universal Display from $250.00 to $225.00 and set a “buy” rating on the stock in a report on Thursday, October 31st. One equities research analyst has rated the stock with a hold rating and five have assigned a buy rating to the company’s stock. According to MarketBeat.com, Universal Display currently has a consensus rating of “Moderate Buy” and an average price target of $212.50.

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.