State of Wisconsin Investment Board bought a new position in shares of Universal Display Corporation (NASDAQ:OLED) during the second quarter, according to its most recent 13F filing with the SEC. The fund bought 59,290 shares of the semiconductor company’s stock, valued at approximately $6,477,000. State of Wisconsin Investment Board owned 0.13% of Universal Display Corporation as of its most recent filing with the SEC.

A number of other large investors also recently added to or reduced their stakes in OLED. BlackRock Inc. boosted its position in shares of Universal Display Corporation by 82,293.2% in the first quarter. BlackRock Inc. now owns 2,817,024 shares of the semiconductor company’s stock worth $242,545,000 after buying an additional 2,813,605 shares during the period. TimesSquare Capital Management LLC acquired a new position in shares of Universal Display Corporation during the first quarter worth $34,440,000. FMR LLC boosted its position in shares of Universal Display Corporation by 193.6% in the first quarter. FMR LLC now owns 325,005 shares of the semiconductor company’s stock worth $27,983,000 after buying an additional 214,324 shares during the period. ARS Investment Partners LLC acquired a new position in shares of Universal Display Corporation during the first quarter worth $17,603,000. Finally, Henderson Group PLC boosted its position in shares of Universal Display Corporation by 80.3% in the first quarter. Henderson Group PLC now owns 335,130 shares of the semiconductor company’s stock worth $28,846,000 after buying an additional 149,241 shares during the period. Hedge funds and other institutional investors own 64.29% of the company’s stock.

Universal Display Corporation (OLED) opened at 111.10 on Wednesday. Universal Display Corporation has a 52-week low of $47.88 and a 52-week high of $130.65. The stock’s 50 day moving average is $116.44 and its 200-day moving average is $101.08. The firm has a market capitalization of $5.23 billion, a PE ratio of 64.41 and a beta of 1.05.

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

The firm also recently announced a quarterly dividend, which will be paid on Saturday, September 30th. Investors of record on Friday, September 15th will be issued a dividend of $0.03 per share. This represents a $0.12 dividend on an annualized basis and a dividend yield of 0.11%. The ex-dividend date is Thursday, September 14th. Universal Display Corporation’s payout ratio is presently 6.94%.

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OLED has been the topic of a number of recent research reports. Cowen and Company reduced their price target on shares of Universal Display Corporation from $105.00 to $90.00 and set an “outperform” rating on the stock in a research report on Wednesday, May 3rd. Cross Research raised shares of Universal Display Corporation from a “hold” rating to a “buy” rating and set a $115.00 price target on the stock in a research report on Friday, May 5th. Zacks Investment Research raised shares of Universal Display Corporation from a “sell” rating to a “hold” rating in a research report on Saturday, May 6th. Susquehanna Bancshares Inc reaffirmed a “positive” rating and set a $120.00 price target (up from $105.00) on shares of Universal Display Corporation in a research report on Friday, May 5th. Finally, Goldman Sachs Group, Inc. (The) lifted their price target on shares of Universal Display Corporation from $100.00 to $125.00 and gave the company a “buy” rating in a research report on Monday, May 8th. Six investment analysts have rated the stock with a hold rating, six have given a buy rating and one has given a strong buy rating to the company’s stock. The stock currently has a consensus rating of “Buy” and a consensus price target of $118.00.

In related news, insider Julia J. Brown sold 10,000 shares of the business’s stock in a transaction that occurred on Wednesday, July 19th. The stock was sold at an average price of $125.00, for a total transaction of $1,250,000.00. Following the transaction, the insider now directly owns 162,932 shares of the company’s stock, valued at approximately $20,366,500. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, CEO Steven V. Abramson sold 18,000 shares of the business’s stock in a transaction that occurred on Wednesday, July 19th. The stock was sold at an average price of $124.53, for a total value of $2,241,540.00. Following the transaction, the chief executive officer now directly owns 262,888 shares in the company, valued at $32,737,442.64. The disclosure for this sale can be found here. 5.70% of the stock is currently owned by insiders.

About Universal Display Corporation

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.

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

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