LPL Financial LLC Has $8.43 Million Stock Position in Universal Display Corporation (NASDAQ:OLED)

Key Points

• LPL Financial LLC increased its stake in Universal Display Corporation by 19.2% during the first quarter, now owning 60,411 shares valued at approximately $8.4 million.
• Universal Display recently declared a quarterly dividend of $0.45 per share, with a yield of 1.3%, set to be paid on September 30th.
• Analysts have a consensus of "Moderate Buy" for Universal Display, with an average price target of $190.43.

LPL Financial LLC boosted its stake in shares of Universal Display Corporation (NASDAQ:OLED - Free Report) by 19.2% during the first quarter, according to its most recent disclosure with the SEC. The institutional investor owned 60,411 shares of the semiconductor company's stock after purchasing an additional 9,740 shares during the period. LPL Financial LLC owned about 0.13% of Universal Display worth $8,426,000 at the end of the most recent reporting period.

Several other large investors have also recently added to or reduced their stakes in OLED. Brown Advisory Inc. acquired a new position in shares of Universal Display during the 1st quarter worth about $72,327,000. Raymond James Financial Inc. bought a new position in Universal Display in the 4th quarter worth approximately $41,504,000. Point72 Asset Management L.P. acquired a new position in shares of Universal Display during the fourth quarter worth approximately $38,981,000. Janus Henderson Group PLC boosted its position in shares of Universal Display by 41.5% in the fourth quarter. Janus Henderson Group PLC now owns 551,673 shares of the semiconductor company's stock valued at $80,674,000 after acquiring an additional 161,782 shares during the period. Finally, Point72 Hong Kong Ltd acquired a new stake in shares of Universal Display in the fourth quarter worth $20,952,000. Institutional investors and hedge funds own 78.19% of the company's stock.

Analyst Upgrades and Downgrades

Several research firms recently weighed in on OLED. Wall Street Zen upgraded shares of Universal Display from a "sell" rating to a "hold" rating in a research note on Friday, May 2nd. Needham & Company LLC reiterated a "buy" rating and issued a $170.00 price objective on shares of Universal Display in a research report on Friday, May 2nd. Three investment analysts have rated the stock with a hold rating and five have assigned a buy rating to the stock. Based on data from MarketBeat, the company has an average rating of "Moderate Buy" and an average price target of $190.43.

Universal Display Price Performance

Shares of NASDAQ OLED traded down $1.93 during mid-day trading on Thursday, hitting $143.21. The company's stock had a trading volume of 101,004 shares, compared to its average volume of 661,238. Universal Display Corporation has a one year low of $103.70 and a one year high of $215.90. The stock has a market cap of $6.81 billion, a price-to-earnings ratio of 27.96, a price-to-earnings-growth ratio of 1.50 and a beta of 1.47. The company's fifty day simple moving average is $151.50 and its 200-day simple moving average is $144.66.

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

Universal Display Dividend Announcement

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

Universal Display Company 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.