Pacer Advisors Inc. Boosts Stock Holdings in Universal Display Co. (NASDAQ:OLED)

Pacer Advisors Inc. raised its stake in Universal Display Co. (NASDAQ:OLED) by 37.2% during the fourth quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The fund owned 27,246 shares of the semiconductor company’s stock after purchasing an additional 7,390 shares during the quarter. Pacer Advisors Inc.’s holdings in Universal Display were worth $3,983,000 at the end of the most recent quarter.

Other institutional investors also recently made changes to their positions in the company. Geode Capital Management LLC boosted its holdings in Universal Display by 1.9% in the third quarter. Geode Capital Management LLC now owns 799,352 shares of the semiconductor company’s stock valued at $167,825,000 after acquiring an additional 15,015 shares during the last quarter. Van ECK Associates Corp raised its holdings in shares of Universal Display by 27.2% in the 3rd quarter. Van ECK Associates Corp now owns 507,440 shares of the semiconductor company’s stock worth $101,914,000 after purchasing an additional 108,394 shares during the period. Southpoint Capital Advisors LP lifted its stake in shares of Universal Display by 46.0% in the 3rd quarter. Southpoint Capital Advisors LP now owns 365,000 shares of the semiconductor company’s stock valued at $76,614,000 after purchasing an additional 115,000 shares in the last quarter. Charles Schwab Investment Management Inc. grew its holdings in shares of Universal Display by 3.1% during the 3rd quarter. Charles Schwab Investment Management Inc. now owns 333,872 shares of the semiconductor company’s stock worth $70,080,000 after purchasing an additional 10,046 shares during the period. Finally, Wellington Management Group LLP increased its position in Universal Display by 5.6% during the 3rd quarter. Wellington Management Group LLP now owns 275,595 shares of the semiconductor company’s stock worth $57,847,000 after purchasing an additional 14,726 shares in the last quarter. 78.19% of the stock is owned by hedge funds and other institutional investors.

Insiders Place Their Bets

In related news, Director Lawrence Lacerte purchased 742 shares of the firm’s stock in a transaction dated Monday, November 4th. The stock was acquired at an average price of $180.89 per share, with a total value of $134,220.38. Following the completion of the transaction, 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 legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. 1.90% of the stock is owned by company insiders.

Universal Display Price Performance

Universal Display stock opened at $151.37 on Friday. Universal Display Co. has a 12-month low of $142.50 and a 12-month high of $237.00. The company has a market capitalization of $7.18 billion, a price-to-earnings ratio of 30.40, a price-to-earnings-growth ratio of 1.62 and a beta of 1.40. The firm’s fifty day moving average price is $153.73 and its 200 day moving average price is $181.80.

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. The business had revenue of $161.63 million for the quarter, compared to analysts’ expectations of $165.28 million. Universal Display had a return on equity of 15.75% and a net margin of 36.98%. The company’s revenue was up 14.6% compared to the same quarter last year. During the same quarter in the previous year, the firm posted $1.08 earnings per share. Analysts forecast that Universal Display Co. will post 4.77 earnings per share for the current fiscal year.

Wall Street Analyst Weigh In

Several research firms have issued reports on OLED. Oppenheimer decreased their price objective on shares of Universal Display from $220.00 to $200.00 and set an “outperform” rating for the company in a research note on Thursday, January 2nd. TD Cowen decreased their price target 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. Finally, Needham & Company LLC reissued a “buy” rating and issued a $215.00 price objective on shares of Universal Display in a research report on Thursday, January 16th. One investment analyst has rated the stock with a hold rating and five have assigned a buy rating to the company. According to MarketBeat.com, the company has an average 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.