Everpar Advisors LLC Acquires New Holdings in Universal Display Co. (NASDAQ:OLED)

Everpar Advisors LLC bought a new stake in Universal Display Co. (NASDAQ:OLED - Free Report) during the 1st quarter, according to the company in its most recent 13F filing with the SEC. The fund bought 2,545 shares of the semiconductor company's stock, valued at approximately $355,000.

Several other institutional investors and hedge funds also recently made changes to their positions in the company. Charles Schwab Investment Management Inc. raised its holdings in shares of Universal Display by 2.1% in the fourth quarter. Charles Schwab Investment Management Inc. now owns 341,019 shares of the semiconductor company's stock valued at $49,857,000 after buying an additional 7,147 shares during the last quarter. Sterling Capital Management LLC raised its holdings in shares of Universal Display by 35.0% in the fourth quarter. Sterling Capital Management LLC now owns 1,767 shares of the semiconductor company's stock valued at $258,000 after buying an additional 458 shares during the last quarter. Pictet Asset Management Holding SA raised its holdings in shares of Universal Display by 9.0% in the fourth quarter. Pictet Asset Management Holding SA now owns 6,299 shares of the semiconductor company's stock valued at $921,000 after buying an additional 522 shares during the last quarter. CIBC Asset Management Inc raised its holdings 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 valued at $215,000 after buying an additional 73 shares during the last quarter. Finally, Rhumbline Advisers raised its holdings in shares of Universal Display by 1.5% in the fourth quarter. Rhumbline Advisers now owns 158,618 shares of the semiconductor company's stock valued at $23,190,000 after buying an additional 2,387 shares during the last quarter. Institutional investors and hedge funds own 78.19% of the company's stock.

Universal Display Trading Down 3.5%

Shares of OLED stock traded down $5.61 on Friday, reaching $153.52. The company had a trading volume of 559,041 shares, compared to its average volume of 601,611. The stock has a market cap of $7.30 billion, a PE ratio of 33.02, a PEG ratio of 1.61 and a beta of 1.50. The company has a 50-day moving average of $137.93 and a 200-day moving average of $145.31. Universal Display Co. has a 12 month low of $103.70 and a 12 month high of $237.00.

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

Universal Display Dividend Announcement

The firm also recently disclosed a quarterly dividend, which will be paid on Monday, June 30th. Investors of record on Monday, June 16th will be given a $0.45 dividend. The ex-dividend date is Monday, June 16th. This represents a $1.80 annualized dividend and a dividend yield of 1.17%. Universal Display's dividend payout ratio is presently 37.42%.

Analysts Set New Price Targets

OLED has been the subject of a number of research analyst reports. Wall Street Zen raised Universal Display from a "sell" rating to a "hold" rating in a report on Friday, May 2nd. Susquehanna dropped their price objective on Universal Display from $165.00 to $160.00 and set a "neutral" rating for the company in a report on Friday, February 21st. Roth Mkm boosted their price objective on Universal Display from $207.00 to $213.00 and gave the stock a "buy" rating in a report on Friday, February 21st. Finally, Needham & Company LLC reissued a "buy" rating and set a $170.00 price objective on shares of Universal Display in a report on Friday, May 2nd. Three analysts have rated the stock with a hold rating and five have given a buy rating to the stock. According to MarketBeat.com, the stock has a consensus rating of "Moderate Buy" and an average target price of $190.43.

About Universal Display

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.