Candriam Luxembourg S.C.A. held its stake in shares of Universal Display Corp. (NASDAQ:OLED) during the second quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The firm owned 10,000 shares of the company’s stock at the end of the second quarter. Candriam Luxembourg S.C.A.’s holdings in Universal Display Corp. were worth $678,000 at the end of the most recent quarter.
Other large investors have also made changes to their positions in the company. BNP Paribas Arbitrage SA increased its stake in shares of Universal Display Corp. by 5,356.7% in the second quarter. BNP Paribas Arbitrage SA now owns 1,637 shares of the company’s stock valued at $111,000 after buying an additional 1,607 shares during the last quarter. BlackRock Inc. increased its stake in shares of Universal Display Corp. by 66.6% in the first quarter. BlackRock Inc. now owns 2,993 shares of the company’s stock worth $162,000 after buying an additional 1,197 shares in the last quarter. Pictet Asset Management Ltd. purchased a new stake in shares of Universal Display Corp. during the first quarter worth approximately $171,000. Carnick & Kubik LLC purchased a new stake in shares of Universal Display Corp. during the first quarter worth approximately $189,000. Finally, Foundry Partners LLC purchased a new stake in shares of Universal Display Corp. during the second quarter worth approximately $203,000. 67.54% of the stock is currently owned by hedge funds and other institutional investors.
Universal Display Corp. (NASDAQ:OLED) traded down 0.08% on Friday, hitting $52.53. 676,026 shares of the company were exchanged. The stock has a market cap of $2.47 billion, a PE ratio of 51.30 and a beta of 1.06. Universal Display Corp. has a 52-week low of $33.06 and a 52-week high of $74.39. The firm has a 50 day moving average of $58.22 and a 200-day moving average of $61.60.
Universal Display Corp. (NASDAQ:OLED) last announced its quarterly earnings results on Thursday, August 4th. The company reported $0.46 earnings per share for the quarter, missing analysts’ consensus estimates of $0.50 by $0.04. The business had revenue of $64.40 million for the quarter, compared to analyst estimates of $68.68 million. Universal Display Corp. had a net margin of 24.96% and a return on equity of 10.15%. The company’s quarterly revenue was up 10.8% on a year-over-year basis. During the same period last year, the firm earned $0.41 earnings per share. On average, equities analysts expect that Universal Display Corp. will post $0.88 earnings per share for the current fiscal year.
A number of brokerages have commented on OLED. Needham & Company LLC downgraded shares of Universal Display Corp. from a “buy” rating to a “hold” rating in a research report on Friday, August 5th. Oppenheimer Holdings Inc. reissued a “market perform” rating on shares of Universal Display Corp. in a research report on Monday, August 8th. Canaccord Genuity reissued a “hold” rating on shares of Universal Display Corp. in a research report on Tuesday, June 28th. TheStreet raised shares of Universal Display Corp. from a “hold” rating to a “buy” rating in a research report on Wednesday, August 10th. Finally, Cowen and Company reissued a “buy” rating on shares of Universal Display Corp. in a research report on Wednesday, June 29th. Six equities research analysts have rated the stock with a hold rating and three have given a buy rating to the company. Universal Display Corp. presently has a consensus rating of “Hold” and an average target price of $57.83.
In other Universal Display Corp. news, Director Leonard Becker sold 5,000 shares of Universal Display Corp. stock in a transaction that occurred on Monday, September 19th. The shares were sold at an average price of $61.11, for a total transaction of $305,550.00. Following the transaction, the director now directly owns 19,650 shares of the company’s stock, valued at $1,200,811.50. The sale was disclosed in a filing with the SEC, which is available at this link. Company insiders own 5.70% of the company’s stock.
About Universal Display Corp.
Universal Display Corporation is engaged in the research, development and commercialization of organic light emitting diode (OLED), technologies and materials for use in displays for wearables, smartphones, tablets and televisions, as well as solid-state lighting applications. The Company’s flat panel displays are used for various portable consumer electronics products, such as mobile phones, wearables, portable media devices, digital cameras, tablets and notebook computers.
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