Universal Display Corporation (NASDAQ:OLED) Shares Purchased by Janney Montgomery Scott LLC

Janney Montgomery Scott LLC increased its holdings in shares of Universal Display Corporation (NASDAQ:OLED - Free Report) by 56.1% in the 1st quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund owned 58,474 shares of the semiconductor company's stock after purchasing an additional 21,008 shares during the period. Janney Montgomery Scott LLC owned approximately 0.12% of Universal Display worth $8,156,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Other institutional investors have also recently made changes to their positions in the company. Orion Capital Management LLC acquired a new stake in Universal Display during the fourth quarter valued at $29,000. Brown Brothers Harriman & Co. grew its position in shares of 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 period. Blue Trust Inc. grew its position in shares of Universal Display by 401.9% in the fourth quarter. Blue Trust Inc. now owns 261 shares of the semiconductor company's stock valued at $38,000 after purchasing an additional 209 shares during the period. Aster Capital Management DIFC Ltd acquired a new stake in shares of Universal Display in the fourth quarter valued at about $40,000. Finally, Farther Finance Advisors LLC grew 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 valued at $45,000 after purchasing an additional 274 shares during the period. Hedge funds and other institutional investors own 78.19% of the company's stock.

Analyst Ratings Changes

Several analysts have recently issued reports on the stock. Susquehanna dropped their target price 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. Wall Street Zen raised shares of Universal Display from a "sell" rating to a "hold" rating in a research note on Friday, May 2nd. Roth Mkm upped their price objective on shares of Universal Display from $207.00 to $213.00 and gave the company a "buy" rating in a research note on Friday, February 21st. Finally, Needham & Company LLC reaffirmed a "buy" rating and set a $170.00 price objective on shares of Universal Display in a research note 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. According to data from MarketBeat.com, the stock has an average rating of "Moderate Buy" and an average target price of $190.43.

Universal Display Price Performance

Shares of OLED stock traded down $2.08 during trading hours on Friday, hitting $151.26. The company had a trading volume of 892,160 shares, compared to its average volume of 603,986. The company's fifty day moving average is $141.69 and its 200 day moving average is $144.96. Universal Display Corporation has a fifty-two week low of $103.70 and a fifty-two week high of $237.00. The stock has a market capitalization of $7.19 billion, a PE ratio of 31.45, a price-to-earnings-growth ratio of 1.64 and a beta of 1.50.

Universal Display (NASDAQ:OLED - Get Free Report) last announced its earnings results on Thursday, May 1st. The semiconductor company reported $1.35 earnings per share for the quarter, topping the consensus estimate of $1.07 by $0.28. Universal Display had a net margin of 35.40% and a return on equity of 15.35%. The firm had revenue of $166.28 million for the quarter, compared to the consensus estimate of $154.76 million. During the same period in the prior year, the firm earned $1.19 EPS. The firm's revenue for the quarter was up .6% on a year-over-year basis. Equities analysts forecast that Universal Display Corporation will post 4.71 earnings per share for the current year.

Universal Display Dividend Announcement

The business also recently announced a quarterly dividend, which will be paid on Monday, June 30th. Investors 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 1.19%. The ex-dividend date is Monday, June 16th. Universal Display's dividend payout ratio (DPR) is 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.