Motley Fool Asset Management LLC Takes $626,000 Position in Universal Display Co. (NASDAQ:OLED)

Motley Fool Asset Management LLC purchased a new stake in Universal Display Co. (NASDAQ:OLED) in the 1st quarter, according to its most recent disclosure with the SEC. The fund purchased 3,716 shares of the semiconductor company’s stock, valued at approximately $626,000.

Several other hedge funds and other institutional investors have also modified their holdings of the business. Benjamin F. Edwards & Company Inc. acquired a new position in Universal Display during the 4th quarter valued at about $25,000. ORG Partners LLC acquired a new position in Universal Display during the 1st quarter valued at about $27,000. Principal Securities Inc. acquired a new position in Universal Display during the 4th quarter valued at about $34,000. University of Texas Texas AM Investment Managment Co. acquired a new position in Universal Display during the 4th quarter valued at about $35,000. Finally, Cape Investment Advisory Inc. boosted its stake in Universal Display by 1,977.8% during the 4th quarter. Cape Investment Advisory Inc. now owns 187 shares of the semiconductor company’s stock valued at $36,000 after purchasing an additional 178 shares during the period. 78.19% of the stock is owned by institutional investors and hedge funds.

Insider Activity

In other news, SVP Mauro Premutico sold 8,202 shares of the business’s stock in a transaction that occurred on Tuesday, May 7th. The shares were sold at an average price of $176.82, for a total transaction of $1,450,277.64. Following the sale, the senior vice president now owns 28,743 shares in the company, valued at $5,082,337.26. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this hyperlink. In related news, EVP Julia J. Brown sold 10,358 shares of the business’s stock in a transaction that occurred on Wednesday, May 8th. The shares were sold at an average price of $175.00, for a total transaction of $1,812,650.00. Following the transaction, the executive vice president now directly owns 56,624 shares of the company’s stock, valued at $9,909,200. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, SVP Mauro Premutico sold 8,202 shares of the business’s stock in a transaction that occurred on Tuesday, May 7th. The shares were sold at an average price of $176.82, for a total transaction of $1,450,277.64. Following the transaction, the senior vice president now directly owns 28,743 shares in the company, valued at $5,082,337.26. The disclosure for this sale can be found here. 1.90% of the stock is owned by company insiders.

Analyst Upgrades and Downgrades

A number of research analysts have issued reports on OLED shares. Oppenheimer boosted their target price on shares of Universal Display from $200.00 to $250.00 and gave the company an “outperform” rating in a research note on Wednesday, July 3rd. The Goldman Sachs Group boosted their price target on shares of Universal Display from $208.00 to $243.00 and gave the stock a “buy” rating in a research report on Thursday, July 18th. Finally, Needham & Company LLC boosted their price target 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. Two investment analysts have rated the stock with a hold rating and six have given a buy rating to the company’s stock. Based on data from MarketBeat.com, Universal Display has a consensus rating of “Moderate Buy” and a consensus target price of $221.57.

Universal Display Trading Up 3.2 %

Shares of NASDAQ OLED traded up $6.84 during midday trading on Wednesday, reaching $222.62. The company’s stock had a trading volume of 399,167 shares, compared to its average volume of 312,593. Universal Display Co. has a one year low of $133.67 and a one year high of $237.00. The company has a 50 day moving average price of $205.64 and a 200 day moving average price of $182.36. The company has a market cap of $10.56 billion, a price-to-earnings ratio of 48.40, a price-to-earnings-growth ratio of 2.46 and a beta of 1.42.

Universal Display (NASDAQ:OLED) last released its quarterly earnings results on Thursday, May 2nd. The semiconductor company reported $1.19 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $1.05 by $0.14. Universal Display had a net margin of 36.00% and a return on equity of 15.57%. The business had revenue of $165.26 million for the quarter, compared to analyst estimates of $150.75 million. During the same quarter in the previous year, the business earned $0.83 earnings per share. The firm’s revenue was up 26.7% compared to the same quarter last year. Research analysts anticipate that Universal Display Co. will post 4.78 earnings per share for the current fiscal year.

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.