Bouvel Investment Partners LLC Acquires Shares of 5,781 Universal Display Co. (NASDAQ:OLED)

Bouvel Investment Partners LLC purchased a new stake in Universal Display Co. (NASDAQ:OLED - Free Report) during the first quarter, according to its most recent filing with the SEC. The firm purchased 5,781 shares of the semiconductor company's stock, valued at approximately $806,000.

Several other hedge funds and other institutional investors have also recently added to or reduced their stakes in OLED. Orion Capital Management LLC acquired a new stake in shares of Universal Display in the 4th quarter valued at about $29,000. Brown Brothers Harriman & Co. boosted its position 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 acquiring an additional 154 shares during the last quarter. Blue Trust Inc. grew its stake in shares of Universal Display by 401.9% during the 4th quarter. Blue Trust Inc. now owns 261 shares of the semiconductor company's stock worth $38,000 after acquiring an additional 209 shares in the last quarter. Aster Capital Management DIFC Ltd acquired a new stake in shares of Universal Display in the fourth quarter valued at approximately $40,000. Finally, Farther Finance Advisors LLC lifted its position in shares of Universal Display by 761.1% in the fourth quarter. Farther Finance Advisors LLC now owns 310 shares of the semiconductor company's stock worth $45,000 after purchasing an additional 274 shares in the last quarter. 78.19% of the stock is currently owned by institutional investors.

Universal Display Stock Up 1.7%

NASDAQ OLED traded up $2.66 on Monday, reaching $155.73. The company had a trading volume of 75,030 shares, compared to its average volume of 599,545. Universal Display Co. has a 52-week low of $103.70 and a 52-week high of $237.00. The company's fifty day moving average is $137.93 and its 200 day moving average is $145.20. The stock has a market capitalization of $7.40 billion, a P/E ratio of 33.53, a P/E/G ratio of 1.61 and a beta of 1.50.

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

Universal Display Dividend Announcement

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 given a $0.45 dividend. This represents a $1.80 dividend on an annualized basis and a dividend yield of 1.16%. The ex-dividend date is Monday, June 16th. Universal Display's dividend payout ratio is presently 37.42%.

Analyst Upgrades and Downgrades

Several brokerages recently commented on OLED. Roth Mkm increased their price target on Universal Display from $207.00 to $213.00 and gave the company a "buy" rating in a research report on Friday, February 21st. Needham & Company LLC reissued a "buy" rating and issued a $170.00 price objective on shares of Universal Display in a report on Friday, May 2nd. Wall Street Zen raised shares of Universal Display from a "sell" rating to a "hold" rating in a research note on Friday, May 2nd. Finally, Susquehanna dropped their price target on shares of Universal Display from $165.00 to $160.00 and set a "neutral" rating on the stock in a research report on Friday, February 21st. Three analysts have rated the stock with a hold rating and five have issued a buy rating to the company's stock. According to data from MarketBeat.com, the company currently has an average rating of "Moderate Buy" and a consensus 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.