2,139 Shares in Universal Display Co. (NASDAQ:OLED) Bought by Apella Capital LLC

Apella Capital LLC purchased a new stake in shares of Universal Display Co. (NASDAQ:OLED - Free Report) during the first quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The fund purchased 2,139 shares of the semiconductor company's stock, valued at approximately $298,000.

A number of other hedge funds also recently made changes to their positions in the business. Heritage Family Offices LLP raised its holdings in shares of Universal Display by 102.7% during the first quarter. Heritage Family Offices LLP now owns 3,280 shares of the semiconductor company's stock valued at $457,000 after buying an additional 1,662 shares during the last quarter. LVW Advisors LLC grew its stake in shares of Universal Display by 76.9% in the first quarter. LVW Advisors LLC now owns 5,572 shares of the semiconductor company's stock worth $777,000 after purchasing an additional 2,422 shares in the last quarter. Rhumbline Advisers grew its stake in shares of Universal Display by 14.9% in the first quarter. Rhumbline Advisers now owns 182,307 shares of the semiconductor company's stock worth $25,428,000 after purchasing an additional 23,689 shares in the last quarter. Parallel Advisors LLC grew its stake in shares of Universal Display by 35.4% in the first quarter. Parallel Advisors LLC now owns 773 shares of the semiconductor company's stock worth $108,000 after purchasing an additional 202 shares in the last quarter. Finally, GAMMA Investing LLC grew its stake in shares of Universal Display by 32,547.2% in the first quarter. GAMMA Investing LLC now owns 134,180 shares of the semiconductor company's stock worth $18,715,000 after purchasing an additional 133,769 shares in the last quarter. Institutional investors own 78.19% of the company's stock.

Wall Street Analyst Weigh In

Several research firms have recently issued reports on OLED. Roth Mkm increased their price target on Universal Display from $207.00 to $213.00 and gave the stock a "buy" rating in a research note on Friday, February 21st. Needham & Company LLC reissued a "buy" rating and issued a $170.00 price target on shares of Universal Display in a research note on Friday, May 2nd. Wall Street Zen raised Universal Display from a "sell" rating to a "hold" rating in a research note on Friday, May 2nd. Citigroup decreased their price target on Universal Display from $200.00 to $162.00 and set a "neutral" rating for the company in a research note on Monday, February 10th. Finally, The Goldman Sachs Group cut their price objective on Universal Display from $234.00 to $203.00 and set a "buy" rating for the company in a report on Thursday, February 6th. Three equities research analysts have rated the stock with a hold rating and five have given a buy rating to the company. According to data from MarketBeat.com, Universal Display currently has a consensus rating of "Moderate Buy" and a consensus target price of $190.43.

Universal Display Stock Down 0.5%

Shares of Universal Display stock opened at $149.46 on Friday. The firm has a market cap of $7.10 billion, a price-to-earnings ratio of 32.14, a price-to-earnings-growth ratio of 1.61 and a beta of 1.46. The business has a fifty day simple moving average of $133.66 and a 200-day simple moving average of $145.80. Universal Display Co. has a fifty-two week low of $103.70 and a fifty-two week high of $237.00.

Universal Display (NASDAQ:OLED - Get Free Report) last announced its earnings results on Thursday, May 1st. The semiconductor company reported $1.35 EPS for the quarter, beating the consensus estimate of $1.07 by $0.28. Universal Display had a return on equity of 15.51% and a net margin of 34.29%. The business had revenue of $166.28 million during the quarter, compared to the consensus estimate of $154.76 million. During the same period in the prior year, the business posted $1.19 earnings per share. Universal Display's revenue was up .6% compared to the same quarter last year. Analysts anticipate that Universal Display Co. will post 4.71 earnings per share for the current fiscal year.

Universal Display Dividend Announcement

The business also recently announced 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. This represents a $1.80 annualized dividend and a dividend yield of 1.20%. The ex-dividend date is Monday, June 16th. Universal Display's dividend payout ratio is 37.42%.

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.

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