Great West Life Assurance Co. Can Has $1.25 Million Position in Universal Display Co. (OLED)

Great West Life Assurance Co. Can lessened its stake in Universal Display Co. (NASDAQ:OLED) by 4.8% in the first quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 12,392 shares of the semiconductor company’s stock after selling 620 shares during the quarter. Great West Life Assurance Co. Can’s holdings in Universal Display were worth $1,252,000 at the end of the most recent reporting period.

A number of other hedge funds also recently bought and sold shares of the stock. IFP Advisors Inc raised its stake in Universal Display by 1,003.6% in the first quarter. IFP Advisors Inc now owns 4,966 shares of the semiconductor company’s stock valued at $502,000 after purchasing an additional 4,516 shares in the last quarter. Cetera Advisors LLC raised its stake in Universal Display by 66.2% in the first quarter. Cetera Advisors LLC now owns 2,686 shares of the semiconductor company’s stock valued at $271,000 after purchasing an additional 1,070 shares in the last quarter. BlackRock Inc. raised its stake in Universal Display by 17.6% in the first quarter. BlackRock Inc. now owns 1,985,898 shares of the semiconductor company’s stock valued at $200,576,000 after purchasing an additional 297,565 shares in the last quarter. Northern Trust Corp raised its stake in Universal Display by 0.9% in the first quarter. Northern Trust Corp now owns 221,389 shares of the semiconductor company’s stock valued at $22,361,000 after purchasing an additional 2,056 shares in the last quarter. Finally, Systematic Financial Management LP raised its stake in Universal Display by 0.8% in the first quarter. Systematic Financial Management LP now owns 113,922 shares of the semiconductor company’s stock valued at $11,506,000 after purchasing an additional 874 shares in the last quarter. 65.26% of the stock is owned by institutional investors and hedge funds.

In other Universal Display news, Director Rosemarie B. Greco sold 3,750 shares of the firm’s stock in a transaction dated Thursday, June 7th. The stock was sold at an average price of $98.15, for a total value of $368,062.50. Following the sale, the director now owns 10,700 shares of the company’s stock, valued at approximately $1,050,205. The transaction was disclosed in a legal filing with the SEC, which is accessible through this hyperlink. Company insiders own 4.00% of the company’s stock.



OLED has been the subject of a number of analyst reports. Oppenheimer raised Universal Display from a “market perform” rating to an “outperform” rating and set a $120.00 price target for the company in a research note on Friday, April 6th. Gabelli raised Universal Display from a “hold” rating to a “buy” rating in a research note on Tuesday, March 20th. Zacks Investment Research downgraded Universal Display from a “hold” rating to a “sell” rating in a research note on Tuesday, April 3rd. Needham & Company LLC upgraded Universal Display from a “hold” rating to a “buy” rating and set a $180.00 target price on the stock in a research report on Tuesday, February 20th. They noted that the move was a valuation call. Finally, Deutsche Bank decreased their target price on Universal Display from $190.00 to $170.00 and set a “buy” rating on the stock in a research report on Friday, February 23rd. Two equities research analysts have rated the stock with a sell rating, three have issued a hold rating and nine have given a buy rating to the stock. The company has an average rating of “Buy” and an average price target of $170.73.

Universal Display stock opened at $88.70 on Wednesday. Universal Display Co. has a 12-month low of $85.20 and a 12-month high of $209.00. The stock has a market capitalization of $4.25 billion, a price-to-earnings ratio of 36.50 and a beta of 1.38.

Universal Display (NASDAQ:OLED) last released its quarterly earnings results on Thursday, May 3rd. The semiconductor company reported $0.13 earnings per share for the quarter, meeting the consensus estimate of $0.13. Universal Display had a return on equity of 17.53% and a net margin of 30.74%. The firm had revenue of $43.57 million for the quarter, compared to analysts’ expectations of $50.85 million. During the same quarter last year, the firm posted $0.22 EPS. The company’s revenue was down 21.6% compared to the same quarter last year. equities research analysts forecast that Universal Display Co. will post 1.81 EPS for the current year.

The firm also recently declared a quarterly dividend, which will be paid on Friday, June 29th. Shareholders of record on Friday, June 15th will be issued a $0.06 dividend. The ex-dividend date is Thursday, June 14th. This represents a $0.24 annualized dividend and a dividend yield of 0.27%. Universal Display’s payout ratio is currently 9.88%.

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 flat panel displays and solid-state lighting applications. As of February 22, 2018, it owned or had exclusive and co-exclusive licenses, or had sole license rights with respect to approximately 4,500 issued and pending patents worldwide.

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Institutional Ownership by Quarter for Universal Display (NASDAQ:OLED)

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