Chesapeake Capital Corp IL decreased its holdings in shares of Universal Display Co. (NASDAQ:OLED – Free Report) by 51.4% during the second quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 1,953 shares of the semiconductor company’s stock after selling 2,067 shares during the quarter. Chesapeake Capital Corp IL’s holdings in Universal Display were worth $411,000 as of its most recent SEC filing.
Other institutional investors have also bought and sold shares of the company. Norges Bank purchased a new stake in shares of Universal Display during the 4th quarter valued at about $101,088,000. Janus Henderson Group PLC boosted its holdings in shares of Universal Display by 66.6% in the 1st quarter. Janus Henderson Group PLC now owns 434,029 shares of the semiconductor company’s stock worth $73,099,000 after purchasing an additional 173,496 shares during the period. Strategic Financial Concepts LLC bought a new position in shares of Universal Display during the 2nd quarter valued at approximately $23,500,000. Van ECK Associates Corp lifted its position in Universal Display by 33.5% in the first quarter. Van ECK Associates Corp now owns 360,714 shares of the semiconductor company’s stock worth $60,762,000 after buying an additional 90,530 shares during the last quarter. Finally, First Trust Advisors LP boosted its stake in Universal Display by 20.7% during the fourth quarter. First Trust Advisors LP now owns 449,628 shares of the semiconductor company’s stock worth $85,996,000 after buying an additional 76,967 shares during the period. Institutional investors own 78.19% of the company’s stock.
Universal Display Trading Up 3.0 %
Shares of OLED opened at $190.24 on Tuesday. Universal Display Co. has a 12 month low of $133.67 and a 12 month high of $237.00. The firm has a market cap of $9.03 billion, a PE ratio of 41.36, a P/E/G ratio of 1.97 and a beta of 1.41. The stock has a fifty day moving average price of $201.31 and a 200-day moving average price of $183.72.
Universal Display Dividend Announcement
The business also recently declared a quarterly dividend, which will be paid on Monday, September 30th. Investors of record on Monday, September 16th will be given a dividend of $0.40 per share. The ex-dividend date is Monday, September 16th. This represents a $1.60 annualized dividend and a dividend yield of 0.84%. Universal Display’s dividend payout ratio (DPR) is presently 34.78%.
Analyst Upgrades and Downgrades
Several research firms have recently issued reports on OLED. Roth Mkm raised their target price on shares of Universal Display from $189.00 to $217.00 and gave the stock a “buy” rating in a report on Friday, August 2nd. Susquehanna raised their price target on Universal Display from $170.00 to $175.00 and gave the stock a “neutral” rating in a research note on Friday, August 2nd. TD Cowen upped their price objective on Universal Display from $210.00 to $250.00 and gave the company a “buy” rating in a research report on Friday, August 2nd. Needham & Company LLC boosted their target price on shares of Universal Display from $198.00 to $242.00 and gave the company a “buy” rating in a research note on Tuesday, July 2nd. Finally, The Goldman Sachs Group upped their price target on shares of Universal Display from $208.00 to $243.00 and gave the stock a “buy” rating in a report on Thursday, July 18th. Three research analysts have rated the stock with a hold rating and six have assigned a buy rating to the company. According to MarketBeat.com, Universal Display presently has a consensus rating of “Moderate Buy” and an average target price of $225.88.
Read Our Latest Research Report on OLED
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.
See Also
- Five stocks we like better than Universal Display
- What is the Dow Jones Industrial Average (DJIA)?
- VF Corp’s Comeback Story: Supreme Sale and Cost Cuts Boost Stock
- Dividend King Proctor & Gamble Is A Buy On Post-Earnings Weakness
- Top 3 Stocks to Secure Strong Returns Through Market Uncertainty
- What is a Special Dividend?
- How the Fed’s Rate Cuts Could Boost Bonds, Silver, and Small Caps
Want to see what other hedge funds are holding OLED? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for Universal Display Co. (NASDAQ:OLED – Free Report).
Receive News & Ratings for Universal Display Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Universal Display and related companies with MarketBeat.com's FREE daily email newsletter.