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

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

Other institutional investors and hedge funds have also recently bought and sold shares of the company. Orion Capital Management LLC bought a new position in shares of Universal Display during the fourth quarter valued at approximately $29,000. Brown Brothers Harriman & Co. grew its stake in Universal Display by 280.0% during the 4th quarter. Brown Brothers Harriman & Co. now owns 209 shares of the semiconductor company's stock worth $31,000 after buying an additional 154 shares during the last quarter. Blue Trust Inc. increased its position in Universal Display by 401.9% in the fourth quarter. Blue Trust Inc. now owns 261 shares of the semiconductor company's stock worth $38,000 after buying an additional 209 shares during the period. Aster Capital Management DIFC Ltd bought a new stake in Universal Display in the fourth quarter valued at $40,000. Finally, Farther Finance Advisors LLC boosted its holdings in shares of Universal Display by 761.1% during the fourth quarter. Farther Finance Advisors LLC now owns 310 shares of the semiconductor company's stock valued at $45,000 after acquiring an additional 274 shares during the period. Hedge funds and other institutional investors own 78.19% of the company's stock.

Analysts Set New Price Targets

OLED has been the subject of a number of recent analyst reports. Citigroup decreased their price objective on Universal Display from $200.00 to $162.00 and set a "neutral" rating for the company in a report on Monday, February 10th. 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 report on Friday, May 2nd. Roth Mkm upped their target price on Universal Display from $207.00 to $213.00 and gave the stock a "buy" rating in a research report on Friday, February 21st. Finally, Susquehanna cut their target price on shares of Universal Display from $165.00 to $160.00 and set a "neutral" rating for the company in a research note on Friday, February 21st. Three equities research analysts have rated the stock with a hold rating and five have assigned a buy rating to the company. According to data from MarketBeat.com, the company presently has a consensus rating of "Moderate Buy" and an average target price of $190.43.

Universal Display Price Performance

Shares of NASDAQ:OLED traded up $4.57 during trading on Monday, reaching $155.88. The stock had a trading volume of 672,467 shares, compared to its average volume of 601,241. The stock has a market capitalization of $7.41 billion, a PE ratio of 33.52, a P/E/G ratio of 1.61 and a beta of 1.50. Universal Display Co. has a 52 week low of $103.70 and a 52 week high of $237.00. The business's 50-day moving average price is $133.91 and its 200 day moving average price is $145.42.

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

Universal Display Announces Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Monday, June 30th. Stockholders of record on Monday, June 16th will be issued a $0.45 dividend. The ex-dividend date of this dividend is Monday, June 16th. This represents a $1.80 dividend on an annualized basis and a dividend yield of 1.15%. Universal Display's dividend payout ratio (DPR) is presently 37.42%.

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.