LVW Advisors LLC Grows Stake in Universal Display Co. (NASDAQ:OLED)

LVW Advisors LLC grew its position in shares of Universal Display Co. (NASDAQ:OLED - Free Report) by 76.9% during the first quarter, according to its most recent filing with the SEC. The firm owned 5,572 shares of the semiconductor company's stock after acquiring an additional 2,422 shares during the period. LVW Advisors LLC's holdings in Universal Display were worth $777,000 at the end of the most recent quarter.

A number of other hedge funds and other institutional investors have also recently made changes to their positions in OLED. Vanguard Group Inc. lifted its position in Universal Display by 1.4% during the 4th quarter. Vanguard Group Inc. now owns 4,784,099 shares of the semiconductor company's stock valued at $699,435,000 after acquiring an additional 67,590 shares during the period. Kayne Anderson Rudnick Investment Management LLC increased its stake in shares of Universal Display by 2.8% during the fourth quarter. Kayne Anderson Rudnick Investment Management LLC now owns 2,536,513 shares of the semiconductor company's stock valued at $370,838,000 after purchasing an additional 69,043 shares in the last quarter. Geode Capital Management LLC increased its stake in shares of Universal Display by 12.8% during the fourth quarter. Geode Capital Management LLC now owns 901,315 shares of the semiconductor company's stock valued at $131,806,000 after purchasing an additional 101,963 shares in the last quarter. Jennison Associates LLC lifted its holdings in shares of Universal Display by 58.2% during the fourth quarter. Jennison Associates LLC now owns 683,822 shares of the semiconductor company's stock valued at $99,975,000 after purchasing an additional 251,557 shares during the last quarter. Finally, Norges Bank purchased a new position in shares of Universal Display during the fourth quarter valued at approximately $95,924,000. Hedge funds and other institutional investors own 78.19% of the company's stock.

Analyst Upgrades and Downgrades

Several research firms recently weighed in on OLED. Wall Street Zen upgraded Universal Display from a "sell" rating to a "hold" rating in a research note on Friday, May 2nd. Citigroup dropped their target price on Universal Display from $200.00 to $162.00 and set a "neutral" rating on the stock in a report on Monday, February 10th. Needham & Company LLC restated a "buy" rating and set a $170.00 price target on shares of Universal Display in a report on Friday, May 2nd. Susquehanna lowered their price target on Universal Display from $165.00 to $160.00 and set a "neutral" rating for the company in a research report on Friday, February 21st. Finally, The Goldman Sachs Group dropped their price target on shares of Universal Display from $234.00 to $203.00 and set a "buy" rating on the stock in a research note on Thursday, February 6th. Three equities research analysts have rated the stock with a hold rating and five have issued a buy rating to the stock. According to MarketBeat.com, Universal Display has an average rating of "Moderate Buy" and a consensus price target of $190.43.

Universal Display Stock Up 1.2%

Shares of Universal Display stock traded up $1.85 on Friday, reaching $151.31. The company's stock had a trading volume of 328,675 shares, compared to its average volume of 600,222. Universal Display Co. has a 52 week low of $103.70 and a 52 week high of $237.00. The firm's fifty day simple moving average is $133.91 and its two-hundred day simple moving average is $145.70. The company has a market capitalization of $7.19 billion, a price-to-earnings ratio of 32.54, a P/E/G ratio of 1.61 and a beta of 1.46.

Universal Display (NASDAQ:OLED - Get Free Report) last released its quarterly earnings data on Thursday, May 1st. The semiconductor company reported $1.35 EPS for the quarter, beating the consensus estimate of $1.07 by $0.28. Universal Display had a return on equity of 15.51% and a net margin of 34.29%. The company had revenue of $166.28 million for the quarter, compared to analysts' expectations of $154.76 million. During the same period last year, the firm posted $1.19 earnings per share. Universal Display's revenue was up .6% compared to the same quarter last year. As a group, research analysts predict that Universal Display Co. will post 4.71 EPS for the current year.

Universal Display Dividend Announcement

The business also recently disclosed a quarterly dividend, which will be paid on Monday, June 30th. Stockholders of record on Monday, June 16th will be issued a dividend of $0.45 per share. The ex-dividend date is Monday, June 16th. This represents a $1.80 annualized dividend and a dividend yield of 1.19%. Universal Display's payout ratio 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.