Endurance Wealth Management Inc. Has $27.62 Million Holdings in Universal Display Co. (NASDAQ:OLED)

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Endurance Wealth Management Inc. decreased its holdings in Universal Display Co. (NASDAQ:OLED) by 1.1% in the 3rd quarter, according to the company in its most recent 13F filing with the SEC. The fund owned 152,822 shares of the semiconductor company’s stock after selling 1,705 shares during the quarter. Universal Display makes up about 4.1% of Endurance Wealth Management Inc.’s investment portfolio, making the stock its 3rd largest position. Endurance Wealth Management Inc. owned approximately 0.32% of Universal Display worth $27,621,000 at the end of the most recent quarter.

A number of other large investors have also bought and sold shares of OLED. Neuberger Berman Group LLC grew its stake in Universal Display by 47.6% in the second quarter. Neuberger Berman Group LLC now owns 1,623,034 shares of the semiconductor company’s stock valued at $242,693,000 after acquiring an additional 523,215 shares during the period. Hardman Johnston Global Advisors LLC acquired a new position in Universal Display in the second quarter valued at about $34,601,000. FMR LLC grew its stake in Universal Display by 156,745.0% in the first quarter. FMR LLC now owns 202,330 shares of the semiconductor company’s stock valued at $30,926,000 after acquiring an additional 202,201 shares during the period. KAMES CAPITAL plc boosted its position in shares of Universal Display by 26.9% during the second quarter. KAMES CAPITAL plc now owns 374,400 shares of the semiconductor company’s stock worth $55,928,000 after buying an additional 79,402 shares during the period. Finally, Kornitzer Capital Management Inc. KS acquired a new position in shares of Universal Display during the second quarter worth about $9,994,000. 69.38% of the stock is owned by hedge funds and other institutional investors.

NASDAQ:OLED traded down $1.38 on Friday, hitting $196.42. The company’s stock had a trading volume of 12,405 shares, compared to its average volume of 500,111. The stock has a fifty day moving average of $182.06 and a two-hundred day moving average of $164.06. The firm has a market capitalization of $9.32 billion, a P/E ratio of 91.57, a price-to-earnings-growth ratio of 3.11 and a beta of 1.37. Universal Display Co. has a one year low of $105.11 and a one year high of $222.20.

Universal Display (NASDAQ:OLED) last announced its earnings results on Thursday, October 29th. The semiconductor company reported $0.85 earnings per share for the quarter, topping the Zacks’ consensus estimate of $0.54 by $0.31. The company had revenue of $117.10 million for the quarter, compared to analyst estimates of $90.05 million. Universal Display had a return on equity of 13.15% and a net margin of 27.70%. The firm’s quarterly revenue was up 20.1% compared to the same quarter last year. During the same quarter last year, the company earned $0.78 earnings per share. On average, equities research analysts anticipate that Universal Display Co. will post 2.03 EPS for the current fiscal year.

The firm also recently announced a quarterly dividend, which was paid on Wednesday, September 30th. Shareholders of record on Wednesday, September 16th were issued a $0.15 dividend. This represents a $0.60 dividend on an annualized basis and a dividend yield of 0.31%. The ex-dividend date was Tuesday, September 15th. Universal Display’s dividend payout ratio is presently 18.18%.

In other Universal Display news, VP Mauro Premutico sold 11,065 shares of the firm’s stock in a transaction on Wednesday, August 12th. The stock was sold at an average price of $187.31, for a total value of $2,072,585.15. The sale was disclosed in a filing with the SEC, which is available at this link. Also, insider Julia J. Brown sold 21,636 shares of the firm’s stock in a transaction on Monday, October 12th. The shares were sold at an average price of $199.65, for a total value of $4,319,627.40. The disclosure for this sale can be found here. In the last ninety days, insiders sold 34,395 shares of company stock worth $6,704,281. Company insiders own 3.30% of the company’s stock.

OLED has been the subject of several recent research reports. TheStreet cut Universal Display from a “b-” rating to a “c+” rating in a research report on Thursday, September 10th. Citigroup upped their target price on Universal Display from $156.00 to $187.00 and gave the stock a “neutral” rating in a report on Tuesday, August 11th. Oppenheimer reiterated a “buy” rating and set a $210.00 target price on shares of Universal Display in a report on Wednesday, August 12th. ValuEngine upgraded Universal Display from a “hold” rating to a “buy” rating in a report on Friday, August 7th. Finally, Roth Capital reiterated a “neutral” rating on shares of Universal Display in a report on Friday, August 7th. Three investment analysts have rated the stock with a hold rating and six have given a buy rating to the stock. The stock presently has an average rating of “Buy” and a consensus target price of $201.29.

Universal Display Company 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. As of February 20, 2020, it owned, exclusively licenses, or had sole rights to sublicense approximately 5,000 issued and pending patents worldwide.

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

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