Moody National Bank Trust Division Purchases New Stake in Universal Display Co. (NASDAQ:OLED)

Moody National Bank Trust Division purchased a new position in Universal Display Co. (NASDAQ:OLED - Free Report) during the first quarter, according to the company in its most recent Form 13F filing with the SEC. The firm purchased 4,187 shares of the semiconductor company's stock, valued at approximately $584,000.

Several other institutional investors and hedge funds also recently bought and sold shares of OLED. Orion Capital Management LLC bought a new position in Universal Display in the fourth quarter worth $29,000. Brown Brothers Harriman & Co. increased its holdings 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 in the last quarter. Blue Trust Inc. raised its position in shares of 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 last quarter. Aster Capital Management DIFC Ltd acquired a new stake in shares of Universal Display during the 4th quarter worth approximately $40,000. Finally, Farther Finance Advisors LLC grew its position in shares of Universal Display by 761.1% during the 4th quarter. Farther Finance Advisors LLC now owns 310 shares of the semiconductor company's stock worth $45,000 after buying an additional 274 shares during the period. Hedge funds and other institutional investors own 78.19% of the company's stock.

Wall Street Analysts Forecast Growth

A number of brokerages recently issued reports on OLED. Susquehanna decreased their price objective on shares of Universal Display from $165.00 to $160.00 and set a "neutral" rating for the company in a report on Friday, February 21st. The Goldman Sachs Group cut their price objective on shares of Universal Display from $234.00 to $203.00 and set a "buy" rating on the stock in a research report on Thursday, February 6th. Citigroup cut their price objective on shares of Universal Display from $200.00 to $162.00 and set a "neutral" rating on the stock in a research report on Monday, February 10th. Needham & Company LLC reissued a "buy" rating and issued a $170.00 price objective on shares of Universal Display in a research report on Friday, May 2nd. Finally, Roth Mkm upped their price target on shares of Universal Display from $207.00 to $213.00 and gave the stock a "buy" rating in a research report on Friday, February 21st. Three research analysts have rated the stock with a hold rating and five have given a buy rating to the company's stock. According to MarketBeat.com, the stock has a consensus rating of "Moderate Buy" and an average target price of $190.43.

Universal Display Stock Up 1.2%

Universal Display stock traded up $1.83 during mid-day trading on Wednesday, hitting $151.99. 156,278 shares of the stock were exchanged, compared to its average volume of 595,418. Universal Display Co. has a 12 month low of $103.70 and a 12 month high of $237.00. The firm's fifty day simple moving average is $133.36 and its two-hundred day simple moving average is $145.87. The stock has a market capitalization of $7.22 billion, a price-to-earnings ratio of 32.69, a PEG 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 earnings per share for the quarter, beating the consensus estimate of $1.07 by $0.28. The company had revenue of $166.28 million during the quarter, compared to analyst estimates of $154.76 million. Universal Display had a net margin of 34.29% and a return on equity of 15.51%. Universal Display's revenue for the quarter was up .6% compared to the same quarter last year. During the same quarter in the previous year, the business posted $1.19 EPS. As a group, analysts forecast that Universal Display Co. will post 4.71 earnings per share for the current fiscal year.

Universal Display Announces Dividend

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 paid a $0.45 dividend. The ex-dividend date of this dividend is Monday, June 16th. This represents a $1.80 annualized dividend and a dividend yield of 1.18%. Universal Display's dividend payout ratio is currently 37.42%.

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.