Brown Advisory Inc. Takes $72.33 Million Position in Universal Display Corporation (NASDAQ:OLED)

Brown Advisory Inc. purchased a new position in Universal Display Corporation (NASDAQ:OLED - Free Report) in the first quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The fund purchased 518,549 shares of the semiconductor company's stock, valued at approximately $72,327,000. Brown Advisory Inc. owned 1.09% of Universal Display as of its most recent SEC filing.

A number of other large investors have also recently made changes to their positions in the stock. CIBC Private Wealth Group LLC lifted its position in Universal Display by 5.6% during the fourth quarter. CIBC Private Wealth Group LLC now owns 1,615 shares of the semiconductor company's stock valued at $245,000 after purchasing an additional 85 shares during the period. Arizona State Retirement System lifted its position in Universal Display by 0.7% during the fourth 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 during the period. Commonwealth Equity Services LLC lifted its position in Universal Display by 0.9% during the fourth 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 during the period. Bessemer Group Inc. lifted its position in Universal Display by 3.8% during the first quarter. Bessemer Group Inc. now owns 2,603 shares of the semiconductor company's stock valued at $363,000 after purchasing an additional 95 shares during the period. Finally, Utah Retirement Systems lifted its position in Universal Display by 1.3% during the fourth quarter. Utah Retirement Systems now owns 7,820 shares of the semiconductor company's stock valued at $1,143,000 after purchasing an additional 100 shares during the period. 78.19% of the stock is currently owned by institutional investors.

Analysts Set New Price Targets

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

Universal Display Trading Down 1.4%

NASDAQ OLED traded down $2.19 on Friday, reaching $155.49. 392,973 shares of the stock were exchanged, compared to its average volume of 611,558. Universal Display Corporation has a one year low of $103.70 and a one year high of $237.00. The firm has a market capitalization of $7.39 billion, a PE ratio of 32.33, a PEG ratio of 1.70 and a beta of 1.51. The company's 50-day simple moving average is $151.78 and its two-hundred day simple moving average is $145.12.

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

Universal Display Dividend Announcement

The business also recently disclosed a quarterly dividend, which was paid on Monday, June 30th. Stockholders of record on Monday, June 16th were given a dividend of $0.45 per share. This represents a $1.80 annualized dividend and a dividend yield of 1.16%. The ex-dividend date was Monday, June 16th. Universal Display's payout ratio is currently 37.42%.

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.