Stifel Financial Corp Has $25.24 Million Stock Position in Universal Display Co. (NASDAQ:OLED)

Stifel Financial Corp grew its position in Universal Display Co. (NASDAQ:OLED) by 200.0% during the 3rd quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 120,234 shares of the semiconductor company’s stock after purchasing an additional 80,162 shares during the period. Stifel Financial Corp’s holdings in Universal Display were worth $25,237,000 at the end of the most recent quarter.

A number of other hedge funds and other institutional investors also recently made changes to their positions in the company. Assetmark Inc. acquired a new position in Universal Display in the third quarter worth approximately $29,000. Brooklyn Investment Group acquired a new position in shares of Universal Display during the 3rd quarter worth $30,000. V Square Quantitative Management LLC acquired a new position in shares of Universal Display during the 3rd quarter worth $31,000. True Wealth Design LLC bought a new position in shares of Universal Display during the 3rd quarter valued at $36,000. Finally, Nisa Investment Advisors LLC lifted its stake in shares of Universal Display by 60.2% in the 3rd quarter. Nisa Investment Advisors LLC now owns 173 shares of the semiconductor company’s stock valued at $36,000 after purchasing an additional 65 shares during the last quarter. 78.19% of the stock is owned by hedge funds and other institutional investors.

Analyst Ratings Changes

Several equities analysts have commented on OLED shares. TD Cowen lowered their target price on shares of Universal Display from $250.00 to $225.00 and set a “buy” rating on the stock in a research report on Thursday, October 31st. Oppenheimer lowered their price objective on Universal Display from $240.00 to $220.00 and set an “outperform” rating on the stock in a report on Thursday, October 31st. Finally, Needham & Company LLC reduced their target price on Universal Display from $242.00 to $215.00 and set a “buy” rating for the company in a report on Thursday, October 31st. Two equities research analysts have rated the stock with a hold rating and six have assigned a buy rating to the company. According to MarketBeat, the stock currently has an average rating of “Moderate Buy” and an average target price of $215.63.

Universal Display Price Performance

NASDAQ OLED opened at $158.11 on Monday. The company’s fifty day moving average is $186.11 and its two-hundred day moving average is $194.94. Universal Display Co. has a 52-week low of $148.75 and a 52-week high of $237.00. The firm has a market capitalization of $7.50 billion, a price-to-earnings ratio of 31.75, a P/E/G ratio of 1.69 and a beta of 1.39.

Universal Display (NASDAQ:OLED) last issued its quarterly earnings results on Wednesday, October 30th. The semiconductor company reported $1.40 earnings per share (EPS) for the quarter, beating the consensus estimate of $1.19 by $0.21. Universal Display had a return on equity of 15.75% and a net margin of 36.98%. The firm had revenue of $161.63 million for the quarter, compared to analyst estimates of $165.28 million. During the same period in the previous year, the company posted $1.08 earnings per share. The company’s quarterly revenue was up 14.6% compared to the same quarter last year. As a group, sell-side analysts expect that Universal Display Co. will post 4.8 earnings per share for the current fiscal year.

Universal Display Announces Dividend

The company also recently announced a quarterly dividend, which will be paid on Tuesday, December 31st. Investors of record on Tuesday, December 17th will be given a $0.40 dividend. The ex-dividend date of this dividend is Tuesday, December 17th. This represents a $1.60 annualized dividend and a yield of 1.01%. Universal Display’s dividend payout ratio (DPR) is currently 32.13%.

Insiders Place Their Bets

In related news, Director Lawrence Lacerte acquired 742 shares of the stock in a transaction dated Monday, November 4th. The shares were bought at an average cost of $180.89 per share, for a total transaction of $134,220.38. Following the purchase, the director now owns 122,372 shares in the company, valued at approximately $22,135,871.08. This trade represents a 0.61 % increase in their position. The acquisition was disclosed in a filing with the Securities & Exchange Commission, which is available through this link. Corporate insiders own 1.90% of the company’s stock.

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 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.