Janney Montgomery Scott LLC lifted its position in shares of Universal Display Corporation (NASDAQ:OLED - Free Report) by 56.1% during the 1st quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The institutional investor owned 58,474 shares of the semiconductor company's stock after acquiring an additional 21,008 shares during the period. Janney Montgomery Scott LLC owned about 0.12% of Universal Display worth $8,156,000 at the end of the most recent reporting period.
Other large investors have also recently added to or reduced their stakes in the company. Orion Capital Management LLC acquired a new stake in shares of Universal Display during the fourth quarter worth $29,000. Brown Brothers Harriman & Co. grew its position in shares of 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 buying an additional 154 shares during the last quarter. Blue Trust Inc. raised its stake in Universal Display by 401.9% during the fourth quarter. Blue Trust Inc. now owns 261 shares of the semiconductor company's stock worth $38,000 after acquiring an additional 209 shares during the period. Aster Capital Management DIFC Ltd acquired a new stake in Universal Display during the fourth quarter worth about $40,000. Finally, Farther Finance Advisors LLC lifted 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 acquiring an additional 274 shares during the last quarter. 78.19% of the stock is currently owned by institutional investors.
Wall Street Analysts Forecast Growth
Several equities analysts have recently commented on the company. Wall Street Zen raised Universal Display from a "sell" rating to a "hold" rating in a report on Friday, May 2nd. Needham & Company LLC reaffirmed a "buy" rating and issued a $170.00 target price 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 given a buy rating to the stock. Based on data from MarketBeat.com, the company currently has a consensus rating of "Moderate Buy" and an average price target of $190.43.
View Our Latest Research Report on OLED
Universal Display Trading Up 2.3%
OLED stock traded up $3.48 during trading on Tuesday, hitting $155.68. The company had a trading volume of 626,190 shares, compared to its average volume of 603,191. The firm has a market capitalization of $7.40 billion, a price-to-earnings ratio of 32.37, a P/E/G ratio of 1.64 and a beta of 1.50. The business has a 50 day moving average of $142.41 and a 200 day moving average of $144.84. Universal Display Corporation has a fifty-two week low of $103.70 and a fifty-two week high of $237.00.
Universal Display (NASDAQ:OLED - Get Free Report) last issued its quarterly earnings results on Thursday, May 1st. The semiconductor company reported $1.35 earnings per share for the quarter, topping 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 company had revenue of $166.28 million during the quarter, compared to analyst estimates of $154.76 million. During the same period in the prior year, the business posted $1.19 EPS. The business's revenue for the quarter was up .6% compared to the same quarter last year. As a group, equities analysts predict that Universal Display Corporation will post 4.71 EPS for the current year.
Universal Display Announces Dividend
The firm also recently declared a quarterly dividend, which will be paid on Monday, June 30th. Shareholders of record on Monday, June 16th will be issued a $0.45 dividend. This represents a $1.80 dividend on an annualized basis and a yield of 1.16%. The ex-dividend date is Monday, June 16th. Universal Display's payout ratio is 37.42%.
Universal Display Profile
(
Free Report)
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.
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