Calton & Associates Inc. Grows Stock Holdings in Universal Display Corporation (NASDAQ:OLED)

Calton & Associates Inc. boosted its stake in Universal Display Corporation (NASDAQ:OLED - Free Report) by 297.4% during the 1st quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The firm owned 8,166 shares of the semiconductor company's stock after buying an additional 6,111 shares during the period. Calton & Associates Inc.'s holdings in Universal Display were worth $1,139,000 at the end of the most recent quarter.

Other institutional investors and hedge funds also recently bought and sold shares of the company. Orion Capital Management LLC purchased a new position in Universal Display in the fourth quarter worth $29,000. Brown Brothers Harriman & Co. grew its holdings in Universal Display by 280.0% in the fourth quarter. Brown Brothers Harriman & Co. now owns 209 shares of the semiconductor company's stock valued at $31,000 after purchasing an additional 154 shares during the last quarter. Golden State Wealth Management LLC grew its holdings in Universal Display by 4,700.0% in the first quarter. Golden State Wealth Management LLC now owns 240 shares of the semiconductor company's stock valued at $33,000 after purchasing an additional 235 shares during the last quarter. Aster Capital Management DIFC Ltd acquired a new stake in shares of Universal Display during the fourth quarter valued at $40,000. Finally, Farther Finance Advisors LLC boosted its stake 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 last quarter. 78.19% of the stock is currently owned by hedge funds and other institutional investors.

Analysts Set New Price Targets

Several equities research analysts recently commented on the company. Needham & Company LLC reiterated a "buy" rating and set a $170.00 target price on shares of Universal Display in a report on Friday, May 2nd. Wall Street Zen upgraded Universal Display from a "sell" rating to a "hold" rating in a research report on Friday, May 2nd. Three research analysts have rated the stock with a hold rating and five have issued a buy rating to the company. Based on data from MarketBeat.com, Universal Display has an average rating of "Moderate Buy" and an average price target of $190.43.

Universal Display Stock Down 0.4%

Universal Display stock traded down $0.57 during trading hours on Wednesday, reaching $151.15. 81,267 shares of the company's stock were exchanged, compared to its average volume of 611,436. The firm has a market capitalization of $7.18 billion, a PE ratio of 31.66, a PEG ratio of 1.62 and a beta of 1.51. The firm's 50 day simple moving average is $152.78 and its 200 day simple moving average is $145.21. Universal Display Corporation has a twelve month low of $103.70 and a twelve month high of $234.16.

Universal Display (NASDAQ:OLED - Get Free Report) last released its quarterly earnings data on Thursday, May 1st. The semiconductor company reported $1.35 earnings per share 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%. Universal Display's revenue was up .6% compared to the same quarter last year. During the same period in the previous year, the business earned $1.19 EPS. Analysts anticipate that Universal Display Corporation will post 4.71 EPS for the current year.

Universal Display Dividend Announcement

The business also recently disclosed a quarterly dividend, which was paid on Monday, June 30th. Investors of record on Monday, June 16th were given a dividend of $0.45 per share. The ex-dividend date of this dividend was Monday, June 16th. This represents a $1.80 dividend on an annualized basis and a yield of 1.19%. Universal Display's dividend payout ratio (DPR) is 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.