Annex Advisory Services LLC Invests $313,000 in Universal Display Co. (NASDAQ:OLED)

Annex Advisory Services LLC purchased a new position in shares of Universal Display Co. (NASDAQ:OLED - Free Report) during the 1st quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm purchased 2,246 shares of the semiconductor company's stock, valued at approximately $313,000.

Several other large investors have also recently made changes to their positions in OLED. Norges Bank purchased a new position in shares of Universal Display in the fourth quarter worth $95,924,000. Raymond James Financial Inc. purchased a new position in shares of Universal Display in the fourth quarter worth $41,504,000. Point72 Asset Management L.P. purchased a new position in shares of Universal Display in the fourth quarter worth $38,981,000. Janus Henderson Group PLC increased its stake in shares of Universal Display by 41.5% in the fourth quarter. Janus Henderson Group PLC now owns 551,673 shares of the semiconductor company's stock worth $80,674,000 after buying an additional 161,782 shares during the period. Finally, Point72 Hong Kong Ltd purchased a new position in shares of Universal Display in the fourth quarter worth $20,952,000. 78.19% of the stock is owned by hedge funds and other institutional investors.

Universal Display Price Performance

NASDAQ:OLED traded up $1.85 during trading hours on Friday, hitting $151.31. The company had a trading volume of 328,675 shares, compared to its average volume of 600,222. The company has a market capitalization of $7.19 billion, a PE ratio of 32.54, a price-to-earnings-growth ratio of 1.61 and a beta of 1.50. The stock has a 50-day moving average price of $133.91 and a 200 day moving average price of $145.70. Universal Display Co. has a 52 week low of $103.70 and a 52 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 analysts' consensus estimates of $1.07 by $0.28. Universal Display had a net margin of 34.29% and a return on equity of 15.51%. The firm had revenue of $166.28 million for the quarter, compared to analysts' expectations of $154.76 million. During the same quarter in the previous year, the business posted $1.19 EPS. The company's quarterly revenue was up .6% on a year-over-year basis. Analysts anticipate that Universal Display Co. will post 4.71 EPS for the current fiscal year.

Universal Display Announces Dividend

The firm 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 dividend on an annualized basis and a dividend yield of 1.19%. The ex-dividend date is Monday, June 16th. Universal Display's dividend payout ratio (DPR) is presently 37.42%.

Wall Street Analyst Weigh In

Several research analysts recently commented on OLED shares. Susquehanna decreased their target price on shares of Universal Display from $165.00 to $160.00 and set a "neutral" rating on the stock in a research note on Friday, February 21st. Citigroup decreased their target price on shares of Universal Display from $200.00 to $162.00 and set a "neutral" rating on the stock in a research note on Monday, February 10th. Roth Mkm lifted their target price on shares of Universal Display from $207.00 to $213.00 and gave the stock a "buy" rating in a research note on Friday, February 21st. Wall Street Zen upgraded shares of Universal Display from a "sell" rating to a "hold" rating in a report on Friday, May 2nd. Finally, Needham & Company LLC reiterated a "buy" rating and issued a $170.00 price target on shares of Universal Display in a report on Friday, May 2nd. Three equities research analysts have rated the stock with a hold rating and five have given a buy rating to the company's stock. According to data from MarketBeat, Universal Display has an average rating of "Moderate Buy" and an average 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.