518,549 Shares in Universal Display Corporation (NASDAQ:OLED) Purchased by Brown Advisory Inc.

Brown Advisory Inc. acquired a new position in shares of Universal Display Corporation (NASDAQ:OLED - Free Report) during the 1st quarter, according to its most recent filing with the Securities and Exchange Commission. The fund acquired 518,549 shares of the semiconductor company's stock, valued at approximately $72,327,000. Brown Advisory Inc. owned approximately 1.09% of Universal Display as of its most recent filing with the Securities and Exchange Commission.

Several other institutional investors and hedge funds have also recently added to or reduced their stakes in OLED. CIBC Private Wealth Group LLC boosted its stake in shares of Universal Display by 5.6% during the 4th quarter. CIBC Private Wealth Group LLC now owns 1,615 shares of the semiconductor company's stock valued at $245,000 after buying an additional 85 shares during the period. Arizona State Retirement System boosted its stake in shares of Universal Display by 0.7% during the 4th quarter. Arizona State Retirement System now owns 13,065 shares of the semiconductor company's stock valued at $1,910,000 after buying an additional 88 shares during the period. Commonwealth Equity Services LLC boosted its stake in shares of Universal Display by 0.9% during the 4th quarter. Commonwealth Equity Services LLC now owns 10,091 shares of the semiconductor company's stock valued at $1,475,000 after buying an additional 90 shares during the period. Bessemer Group Inc. boosted its holdings in Universal Display by 3.8% in the first quarter. Bessemer Group Inc. now owns 2,603 shares of the semiconductor company's stock worth $363,000 after purchasing an additional 95 shares in the last quarter. Finally, Utah Retirement Systems boosted its holdings in Universal Display by 1.3% in 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 in the last quarter. 78.19% of the stock is currently owned by hedge funds and other institutional investors.

Universal Display Stock Performance

Shares of OLED traded down $2.19 during trading hours on Friday, reaching $155.49. 392,981 shares of the company traded hands, compared to its average volume of 614,652. The stock's fifty day moving average is $152.01 and its 200 day moving average is $145.08. The stock has a market cap of $7.39 billion, a P/E ratio of 32.33, a price-to-earnings-growth ratio of 1.68 and a beta of 1.51. Universal Display Corporation has a 1-year low of $103.70 and a 1-year high of $237.00.

Universal Display (NASDAQ:OLED - Get Free Report) last announced its quarterly earnings data 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 business had revenue of $166.28 million during the quarter, compared to analyst estimates of $154.76 million. Universal Display had a net margin of 35.40% and a return on equity of 15.35%. The firm's revenue for the quarter was up .6% on a year-over-year basis. During the same quarter in the prior year, the business earned $1.19 earnings per share. On average, equities research analysts predict 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 was paid on Monday, June 30th. Investors of record on Monday, June 16th were given a $0.45 dividend. This represents a $1.80 annualized dividend and a yield of 1.16%. The ex-dividend date was Monday, June 16th. Universal Display's dividend payout ratio (DPR) is presently 37.42%.

Wall Street Analysts Forecast Growth

A number of brokerages recently issued reports on OLED. Wall Street Zen upgraded shares of Universal Display from a "sell" rating to a "hold" rating in a report 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 report on Friday, May 2nd. Three 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, the company has an average rating of "Moderate Buy" and a consensus price target of $190.43.

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 in the United States and internationally. The company offers PHOLED technologies and materials for displays and lighting products under the UniversalPHOLED brand.