Rothschild Investment Corp IL trimmed its stake in shares of Universal Display Corporation (NASDAQ:OLED) by 7.6% during the third quarter, according to its most recent filing with the Securities and Exchange Commission. The firm owned 5,500 shares of the semiconductor company’s stock after selling 450 shares during the quarter. Rothschild Investment Corp IL’s holdings in Universal Display Corporation were worth $709,000 as of its most recent filing with the Securities and Exchange Commission.

Other institutional investors also recently made changes to their positions in the company. Mitra Capital LLC acquired a new stake in Universal Display Corporation in the 2nd quarter valued at approximately $109,000. IFP Advisors Inc increased its position in Universal Display Corporation by 307.5% in the 2nd quarter. IFP Advisors Inc now owns 1,080 shares of the semiconductor company’s stock valued at $118,000 after acquiring an additional 815 shares during the period. FNY Partners Fund LP acquired a new stake in Universal Display Corporation in the 1st quarter valued at approximately $146,000. BNP Paribas Arbitrage SA increased its position in Universal Display Corporation by 79.4% in the 2nd quarter. BNP Paribas Arbitrage SA now owns 1,536 shares of the semiconductor company’s stock valued at $168,000 after acquiring an additional 680 shares during the period. Finally, Daiwa Securities Group Inc. acquired a new stake in Universal Display Corporation in the 2nd quarter valued at approximately $197,000. Institutional investors and hedge funds own 64.69% of the company’s stock.

Universal Display Corporation (NASDAQ OLED) opened at 141.40 on Tuesday. The firm has a market capitalization of $6.65 billion, a PE ratio of 81.97 and a beta of 1.04. Universal Display Corporation has a 12 month low of $50.55 and a 12 month high of $145.30. The stock’s 50 day moving average price is $132.54 and its 200 day moving average price is $118.03.

Universal Display Corporation (NASDAQ:OLED) last posted its quarterly earnings data on Thursday, August 3rd. The semiconductor company reported $0.99 earnings per share for the quarter, topping the consensus estimate of $0.68 by $0.31. Universal Display Corporation had a net margin of 31.15% and a return on equity of 14.90%. The firm had revenue of $102.50 million during the quarter, compared to analysts’ expectations of $84.81 million. During the same quarter in the previous year, the company posted $0.46 EPS. Universal Display Corporation’s revenue was up 59.2% on a year-over-year basis. Equities research analysts expect that Universal Display Corporation will post $2.14 earnings per share for the current fiscal year.

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Several analysts recently commented on OLED shares. Susquehanna Bancshares Inc restated a “positive” rating on shares of Universal Display Corporation in a research report on Thursday, July 13th. Zacks Investment Research cut Universal Display Corporation from a “strong-buy” rating to a “hold” rating in a research report on Tuesday, July 18th. Summit Redstone restated a “hold” rating and issued a $95.00 target price on shares of Universal Display Corporation in a research report on Tuesday, August 1st. Cowen and Company restated an “outperform” rating and issued a $130.00 target price on shares of Universal Display Corporation in a research report on Tuesday, August 1st. Finally, Goldman Sachs Group, Inc. (The) restated a “buy” rating and issued a $150.00 target price (up from $140.00) on shares of Universal Display Corporation in a research report on Wednesday, August 9th. Seven analysts have rated the stock with a hold rating and seven have assigned a buy rating to the stock. Universal Display Corporation presently has a consensus rating of “Buy” and an average target price of $121.11.

In related news, CFO Sidney D. Rosenblatt sold 50,240 shares of the business’s stock in a transaction that occurred on Monday, September 18th. The shares were sold at an average price of $135.02, for a total value of $6,783,404.80. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. Insiders own 5.20% of the company’s stock.

Universal Display Corporation Profile

Universal Display Corporation is engaged in the research, development and commercialization of organic light emitting diode (OLED), technologies and materials for use in display and solid-state lighting applications. The Company also supplies its OLED materials to manufacturers of OLED displays and lighting products for evaluation and for use in product development and for pre-commercial activities, and it also provides technical assistance and support to these manufacturers.

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

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