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

Calton & Associates Inc. raised its stake in shares of Universal Display Corporation (NASDAQ:OLED - Free Report) by 297.4% during the 1st quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 8,166 shares of the semiconductor company's stock after acquiring an additional 6,111 shares during the period. Calton & Associates Inc.'s holdings in Universal Display were worth $1,139,000 as of its most recent SEC filing.

Several other hedge funds have also recently modified their holdings of OLED. Orion Capital Management LLC purchased a new position in Universal Display in the 4th quarter worth $29,000. Brown Brothers Harriman & Co. boosted 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 valued at $31,000 after purchasing an additional 154 shares during the last quarter. Golden State Wealth Management LLC boosted its holdings in shares of Universal Display by 4,700.0% during the 1st quarter. Golden State Wealth Management LLC now owns 240 shares of the semiconductor company's stock valued at $33,000 after acquiring an additional 235 shares during the last quarter. Aster Capital Management DIFC Ltd purchased a new stake in Universal Display in the fourth quarter worth approximately $40,000. Finally, Farther Finance Advisors LLC boosted its holdings in 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 during the last quarter. Institutional investors own 78.19% of the company's stock.

Analyst Ratings Changes

Several analysts recently weighed in on the company. Wall Street Zen upgraded 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 set a $170.00 price objective on shares of Universal Display in a research note on Friday, May 2nd. Three analysts have rated the stock with a hold rating and five have given a buy rating to the stock. According to MarketBeat.com, the company currently has a consensus rating of "Moderate Buy" and a consensus target price of $190.43.

Universal Display Trading Up 0.5%

Shares of NASDAQ OLED traded up $0.76 during mid-day trading on Tuesday, hitting $150.99. The company had a trading volume of 172,632 shares, compared to its average volume of 611,283. Universal Display Corporation has a one year low of $103.70 and a one year high of $234.16. The firm has a 50-day simple moving average of $152.93 and a two-hundred day simple moving average of $145.18. The company has a market capitalization of $7.18 billion, a PE ratio of 31.33, a price-to-earnings-growth ratio of 1.64 and a beta of 1.51.

Universal Display (NASDAQ:OLED - Get Free Report) last announced its quarterly 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 35.40% and a return on equity of 15.35%. The business had revenue of $166.28 million during the quarter, compared to analyst estimates of $154.76 million. During the same quarter in the previous year, the business posted $1.19 EPS. Universal Display's quarterly revenue was up .6% on a year-over-year basis. Sell-side analysts expect that Universal Display Corporation will post 4.71 earnings per share for the current fiscal 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 paid a $0.45 dividend. The ex-dividend date was Monday, June 16th. This represents a $1.80 annualized dividend and a dividend yield of 1.19%. Universal Display's payout ratio is 37.42%.

About Universal Display

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.