Sargent Investment Group LLC Raises Stock Holdings in Universal Display Co. (NASDAQ:OLED)

Sargent Investment Group LLC boosted its position in shares of Universal Display Co. (NASDAQ:OLED) by 0.1% during the second quarter, HoldingsChannel reports. The institutional investor owned 63,677 shares of the semiconductor company’s stock after purchasing an additional 87 shares during the period. Universal Display accounts for approximately 2.7% of Sargent Investment Group LLC’s portfolio, making the stock its 5th largest holding. Sargent Investment Group LLC’s holdings in Universal Display were worth $13,388,000 as of its most recent SEC filing.

Several other hedge funds have also recently bought and sold shares of OLED. Vanguard Group Inc. increased its stake in Universal Display by 1.1% in the first quarter. Vanguard Group Inc. now owns 4,567,374 shares of the semiconductor company’s stock valued at $769,374,000 after acquiring an additional 50,233 shares during the last quarter. Primecap Management Co. CA increased its stake in shares of Universal Display by 0.4% in the 2nd quarter. Primecap Management Co. CA now owns 1,895,017 shares of the semiconductor company’s stock valued at $398,427,000 after purchasing an additional 7,435 shares during the last quarter. Norges Bank acquired a new position in shares of Universal Display during the 4th quarter worth $101,088,000. Dimensional Fund Advisors LP raised its holdings in shares of Universal Display by 27.3% during the 2nd quarter. Dimensional Fund Advisors LP now owns 469,570 shares of the semiconductor company’s stock worth $98,725,000 after buying an additional 100,809 shares in the last quarter. Finally, First Trust Advisors LP lifted its position in shares of Universal Display by 20.7% during the 4th 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 last quarter. 78.19% of the stock is owned by institutional investors.

Universal Display Stock Down 2.7 %

Shares of NASDAQ:OLED opened at $203.42 on Tuesday. The firm has a market cap of $9.65 billion, a P/E ratio of 44.22, a P/E/G ratio of 2.17 and a beta of 1.41. Universal Display Co. has a 12-month low of $133.67 and a 12-month high of $237.00. The business has a fifty day simple moving average of $199.79 and a 200 day simple moving average of $184.81.

Universal Display (NASDAQ:OLED) last issued its quarterly earnings data on Thursday, August 1st. The semiconductor company reported $1.10 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $1.14 by ($0.04). Universal Display had a return on equity of 15.25% and a net margin of 35.74%. The company had revenue of $158.50 million for the quarter, compared to the consensus estimate of $159.46 million. During the same quarter last year, the business earned $1.04 earnings per share. Universal Display’s revenue was up 8.1% compared to the same quarter last year. As a group, equities research analysts expect that Universal Display Co. will post 4.81 EPS for the current year.

Universal Display Announces Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Monday, September 30th. Stockholders of record on Monday, September 16th will be paid a $0.40 dividend. This represents a $1.60 dividend on an annualized basis and a dividend yield of 0.79%. The ex-dividend date of this dividend is Monday, September 16th. Universal Display’s dividend payout ratio is currently 34.78%.

Analysts Set New Price Targets

OLED has been the subject of several research analyst reports. Susquehanna boosted their target price on Universal Display from $170.00 to $175.00 and gave the stock a “neutral” rating in a research note on Friday, August 2nd. Needham & Company LLC upped their price objective on shares of Universal Display from $198.00 to $242.00 and gave the stock a “buy” rating in a research report on Tuesday, July 2nd. TD Cowen raised their target price on shares of Universal Display from $210.00 to $250.00 and gave the company a “buy” rating in a research report on Friday, August 2nd. Oppenheimer upped their price target on shares of Universal Display from $200.00 to $250.00 and gave the stock an “outperform” rating in a report on Wednesday, July 3rd. Finally, Roth Mkm increased their price target on Universal Display from $189.00 to $217.00 and gave the company a “buy” rating in a research note on Friday, August 2nd. Three analysts have rated the stock with a hold rating and six have assigned a buy rating to the company’s stock. According to data from MarketBeat, Universal Display has a consensus rating of “Moderate Buy” and an average price target of $225.88.

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.