Cerity Partners LLC Boosts Stock Position in Universal Display Corporation (NASDAQ:OLED)

Cerity Partners LLC grew its holdings in Universal Display Corporation (NASDAQ:OLED - Free Report) by 47.6% during the first quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 6,401 shares of the semiconductor company's stock after purchasing an additional 2,064 shares during the quarter. Cerity Partners LLC's holdings in Universal Display were worth $893,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

A number of other hedge funds and other institutional investors also recently made changes to their positions in OLED. Orion Capital Management LLC acquired a new position in Universal Display during the 4th quarter worth approximately $29,000. Brown Brothers Harriman & Co. raised 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 period. Golden State Wealth Management LLC raised its stake in 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 worth $33,000 after buying an additional 235 shares during the period. Aster Capital Management DIFC Ltd acquired a new position in Universal Display during the 4th quarter worth approximately $40,000. Finally, Global X Japan Co. Ltd. purchased a new stake in shares of Universal Display in the first quarter worth approximately $49,000. 78.19% of the stock is owned by institutional investors and hedge funds.

Analyst Upgrades and Downgrades

Several analysts have recently commented on the company. Wall Street Zen raised Universal Display from a "sell" rating to a "hold" rating in a research note on Friday, May 2nd. Needham & Company LLC reissued a "buy" rating and issued a $170.00 price objective on shares of Universal Display in a research note 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's stock. Based on data from MarketBeat, the stock currently has an average rating of "Moderate Buy" and a consensus target price of $190.43.

Universal Display Trading Down 0.2%

Shares of OLED stock traded down $0.30 during trading on Friday, hitting $149.21. The company's stock had a trading volume of 296,815 shares, compared to its average volume of 667,799. The company has a market cap of $7.09 billion, a PE ratio of 31.02, a P/E/G ratio of 1.64 and a beta of 1.51. The business has a fifty day moving average of $152.74 and a 200-day moving average of $145.26. Universal Display Corporation has a 52 week low of $103.70 and a 52 week high of $231.83.

Universal Display (NASDAQ:OLED - Get Free Report) last released its 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 company had revenue of $166.28 million during the quarter, compared to analyst estimates of $154.76 million. Universal Display had a return on equity of 15.35% and a net margin of 35.40%. Universal Display's quarterly revenue was up .6% on a year-over-year basis. During the same period in the prior year, the company posted $1.19 earnings per share. As a group, research analysts predict that Universal Display Corporation will post 4.71 EPS for the current year.

Universal Display Announces Dividend

The business also recently announced a quarterly dividend, which was paid on Monday, June 30th. Shareholders 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 annualized dividend and a dividend yield of 1.21%. Universal Display's dividend payout ratio is currently 37.42%.

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.