Wealthquest Corp Invests $1.86 Million in Universal Display Corporation (NASDAQ:OLED)

Wealthquest Corp bought a new stake in Universal Display Corporation (NASDAQ:OLED - Free Report) during the first quarter, according to its most recent disclosure with the Securities and Exchange Commission. The institutional investor bought 13,296 shares of the semiconductor company's stock, valued at approximately $1,855,000. Universal Display makes up approximately 0.2% of Wealthquest Corp's investment portfolio, making the stock its 27th largest position.

A number of other institutional investors also recently made changes to their positions in the business. CIBC Asset Management Inc increased its stake in shares of Universal Display by 5.2% in the fourth quarter. CIBC Asset Management Inc now owns 1,473 shares of the semiconductor company's stock worth $215,000 after buying an additional 73 shares during the last quarter. CIBC Private Wealth Group LLC increased its position in shares of Universal Display by 5.6% in the 4th quarter. CIBC Private Wealth Group LLC now owns 1,615 shares of the semiconductor company's stock worth $245,000 after purchasing an additional 85 shares during the last quarter. Arizona State Retirement System raised its stake in shares of Universal Display by 0.7% in the 4th quarter. Arizona State Retirement System now owns 13,065 shares of the semiconductor company's stock valued at $1,910,000 after purchasing an additional 88 shares in the last quarter. Commonwealth Equity Services LLC raised its stake in shares of Universal Display by 0.9% in the 4th quarter. Commonwealth Equity Services LLC now owns 10,091 shares of the semiconductor company's stock valued at $1,475,000 after purchasing an additional 90 shares in the last quarter. Finally, Utah Retirement Systems lifted its position in shares of Universal Display by 1.3% during the fourth quarter. Utah Retirement Systems now owns 7,820 shares of the semiconductor company's stock worth $1,143,000 after purchasing an additional 100 shares during the last quarter. 78.19% of the stock is owned by institutional investors and hedge funds.

Universal Display Stock Up 0.2%

Shares of NASDAQ:OLED traded up $0.37 during trading on Wednesday, hitting $156.05. 378,734 shares of the company traded hands, compared to its average volume of 603,261. The business's fifty day moving average is $143.20 and its 200-day moving average is $144.92. The stock has a market capitalization of $7.42 billion, a price-to-earnings ratio of 32.44, a PEG ratio of 1.65 and a beta of 1.50. Universal Display Corporation has a one year low of $103.70 and a one year high of $237.00.

Universal Display (NASDAQ:OLED - Get Free Report) last issued its earnings results on Thursday, May 1st. The semiconductor company reported $1.35 earnings per share for the quarter, topping the consensus estimate of $1.07 by $0.28. Universal Display had a return on equity of 15.35% and a net margin of 35.40%. The firm had revenue of $166.28 million for the quarter, compared to analyst estimates of $154.76 million. During the same period last year, the company earned $1.19 earnings per share. The firm's revenue for the quarter was up .6% on a year-over-year basis. On average, analysts forecast that Universal Display Corporation will post 4.71 EPS for the current year.

Universal Display Dividend Announcement

The firm also recently declared a quarterly dividend, which will be paid on Monday, June 30th. Stockholders of record on Monday, June 16th will be issued a dividend of $0.45 per share. The ex-dividend date is Monday, June 16th. This represents a $1.80 dividend on an annualized basis and a dividend yield of 1.15%. Universal Display's dividend payout ratio (DPR) is presently 37.42%.

Wall Street Analyst Weigh In

OLED has been the topic of several research reports. Needham & Company LLC restated a "buy" rating and set a $170.00 price objective on shares of Universal Display in a research note on Friday, May 2nd. Wall Street Zen upgraded Universal Display from a "sell" rating to a "hold" rating in a report on Friday, May 2nd. Three investment analysts have rated the stock with a hold rating and five have assigned a buy rating to the company's stock. Based on data from MarketBeat, Universal Display presently has an average rating of "Moderate Buy" and a consensus target price of $190.43.

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.