Headlands Technologies LLC Purchases 1,851 Shares of Universal Display Corporation (NASDAQ:OLED)

Key Points

• Headlands Technologies LLC increased its stock holdings in Universal Display Corporation by 37.6% in Q1, totaling 6,774 shares valued at $945,000.
• Universal Display Corporation reported $1.41 EPS for the quarter, exceeding analysts' estimates of $1.18, with a revenue increase of 8.4% year-over-year.
• The company announced a quarterly dividend of $0.45 per share, equating to an annualized yield of 1.3%, set to be paid on September 30th.

Headlands Technologies LLC lifted its position in Universal Display Corporation (NASDAQ:OLED - Free Report) by 37.6% during the 1st quarter, according to the company in its most recent Form 13F filing with the SEC. The firm owned 6,774 shares of the semiconductor company's stock after purchasing an additional 1,851 shares during the quarter. Headlands Technologies LLC's holdings in Universal Display were worth $945,000 at the end of the most recent quarter.

Several other institutional investors have also recently made changes to their positions in OLED. Bessemer Group Inc. grew its position in Universal Display by 3.8% in the first quarter. Bessemer Group Inc. now owns 2,603 shares of the semiconductor company's stock worth $363,000 after acquiring an additional 95 shares in the last quarter. Linden Thomas Advisory Services LLC grew its position in Universal Display by 0.8% in the first quarter. Linden Thomas Advisory Services LLC now owns 12,319 shares of the semiconductor company's stock worth $1,718,000 after acquiring an additional 96 shares in the last quarter. Utah Retirement Systems grew its position in Universal Display by 1.3% in the fourth quarter. Utah Retirement Systems now owns 7,820 shares of the semiconductor company's stock worth $1,143,000 after acquiring an additional 100 shares in the last quarter. Louisiana State Employees Retirement System grew its position in Universal Display by 0.8% in the first quarter. Louisiana State Employees Retirement System now owns 12,400 shares of the semiconductor company's stock worth $1,730,000 after acquiring an additional 100 shares in the last quarter. Finally, Securian Asset Management Inc. grew its position in Universal Display by 3.0% in the first quarter. Securian Asset Management Inc. now owns 3,381 shares of the semiconductor company's stock worth $472,000 after acquiring an additional 100 shares in the last quarter. Institutional investors own 78.19% of the company's stock.

Analysts Set New Price Targets

Several research analysts recently issued reports on OLED shares. Wall Street Zen upgraded shares of Universal Display from a "sell" rating to a "hold" rating in a research report on Friday, May 2nd. Needham & Company LLC restated a "buy" rating and set a $170.00 price target on shares of Universal Display in a research report on Friday, May 2nd. Three equities 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.com, the company has an average rating of "Moderate Buy" and a consensus price target of $190.43.

Universal Display Price Performance

NASDAQ OLED traded up $4.27 during trading on Tuesday, hitting $140.08. 167,886 shares of the company's stock traded hands, compared to its average volume of 662,713. The stock has a fifty day moving average of $151.80 and a two-hundred day moving average of $144.68. Universal Display Corporation has a 12-month low of $103.70 and a 12-month high of $215.90. The firm has a market cap of $6.66 billion, a P/E ratio of 27.34, a PEG ratio of 1.47 and a beta of 1.47.

Universal Display (NASDAQ:OLED - Get Free Report) last issued its quarterly earnings data on Thursday, July 31st. The semiconductor company reported $1.41 EPS for the quarter, beating the consensus estimate of $1.18 by $0.23. The firm had revenue of $171.79 million during the quarter, compared to the consensus estimate of $161.58 million. Universal Display had a net margin of 36.95% and a return on equity of 15.82%. The company's quarterly revenue was up 8.4% compared to the same quarter last year. During the same period in the prior year, the firm posted $1.10 earnings per share. As a group, analysts expect that Universal Display Corporation will post 4.71 earnings per share for the current fiscal year.

Universal Display Announces Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Tuesday, September 30th. Stockholders of record on Tuesday, September 16th will be paid a dividend of $0.45 per share. This represents a $1.80 annualized dividend and a dividend yield of 1.3%. The ex-dividend date of this dividend is Tuesday, September 16th. Universal Display's dividend payout ratio is 35.16%.

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.