Sargent Investment Group LLC Has $13.39 Million Stake in Universal Display Co. (NASDAQ:OLED)

Sargent Investment Group LLC lifted its position in shares of Universal Display Co. (NASDAQ:OLED) by 0.1% during the second quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 63,677 shares of the semiconductor company’s stock after purchasing an additional 87 shares during the quarter. Universal Display accounts for 2.7% of Sargent Investment Group LLC’s portfolio, making the stock its 5th largest position. Sargent Investment Group LLC owned approximately 0.13% of Universal Display worth $13,388,000 at the end of the most recent reporting period.

Several other institutional investors and hedge funds also recently made changes to their positions in OLED. Edgestream Partners L.P. bought a new position in Universal Display during the second quarter worth about $1,554,000. Primecap Management Co. CA raised its position in shares of Universal Display by 0.4% during the second quarter. Primecap Management Co. CA now owns 1,895,017 shares of the semiconductor company’s stock worth $398,427,000 after purchasing an additional 7,435 shares during the period. Renaissance Technologies LLC lifted its holdings in shares of Universal Display by 55.3% during the 2nd quarter. Renaissance Technologies LLC now owns 40,439 shares of the semiconductor company’s stock valued at $8,502,000 after purchasing an additional 14,400 shares in the last quarter. Dimensional Fund Advisors LP grew its position in shares of Universal Display by 27.3% in the 2nd quarter. Dimensional Fund Advisors LP now owns 469,570 shares of the semiconductor company’s stock valued at $98,725,000 after purchasing an additional 100,809 shares during the period. Finally, Capital Wealth Planning LLC bought a new stake in Universal Display during the 2nd quarter worth approximately $259,000. Institutional investors and hedge funds own 78.19% of the company’s stock.

Wall Street Analyst Weigh In

A number of research analysts have weighed in on OLED shares. Roth Mkm lifted their price target on shares of Universal Display from $189.00 to $217.00 and gave the company a “buy” rating in a research note on Friday, August 2nd. TD Cowen upped their target price on shares of Universal Display from $210.00 to $250.00 and gave the stock a “buy” rating in a research note on Friday, August 2nd. Needham & Company LLC lifted their price target on Universal Display from $198.00 to $242.00 and gave the company a “buy” rating in a research note on Tuesday, July 2nd. Susquehanna boosted their price objective on shares of Universal Display from $170.00 to $175.00 and gave the stock a “neutral” rating in a research report on Friday, August 2nd. Finally, 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. Three investment analysts have rated the stock with a hold rating and six have issued a buy rating to the company. Based on data from MarketBeat.com, the company presently has an average rating of “Moderate Buy” and an average target price of $225.88.

Universal Display Stock Performance

Shares of OLED opened at $203.42 on Tuesday. The firm’s 50-day simple moving average is $199.79 and its 200 day simple moving average is $184.81. The firm has a market cap of $9.65 billion, a P/E ratio of 44.22, a price-to-earnings-growth ratio of 2.17 and a beta of 1.41. Universal Display Co. has a 52 week low of $133.67 and a 52 week high of $237.00.

Universal Display (NASDAQ:OLED) last released its quarterly earnings results on Thursday, August 1st. The semiconductor company reported $1.10 earnings per share (EPS) for the quarter, missing the consensus estimate of $1.14 by ($0.04). Universal Display had a net margin of 35.74% and a return on equity of 15.25%. The firm had revenue of $158.50 million during the quarter, compared to the consensus estimate of $159.46 million. During the same quarter last year, the firm earned $1.04 earnings per share. The business’s revenue for the quarter was up 8.1% compared to the same quarter last year. As a group, equities analysts forecast that Universal Display Co. will post 4.81 earnings per share for the current year.

Universal Display Dividend Announcement

The firm also recently announced a quarterly dividend, which will be paid on Monday, September 30th. Shareholders of record on Monday, September 16th will be given a dividend of $0.40 per share. The ex-dividend date is Monday, September 16th. This represents a $1.60 dividend on an annualized basis and a dividend yield of 0.79%. Universal Display’s payout ratio is presently 34.78%.

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.