New Age Alpha Advisors LLC Has $574,000 Stock Holdings in Universal Display Corporation (NASDAQ:OLED)

Key Points

• New Age Alpha Advisors LLC reduced its stake in Universal Display Corporation by 58.8% during the first quarter, now holding shares worth approximately $574,000.
• Universal Display announced a quarterly dividend of $0.45, representing an annualized yield of 1.3%, to be paid on September 30th.
• The company's recent earnings report showed $1.41 EPS, exceeding expectations, with revenue up 8.4% year-over-year.

New Age Alpha Advisors LLC trimmed its stake in shares of Universal Display Corporation (NASDAQ:OLED - Free Report) by 58.8% during the first quarter, according to its most recent filing with the Securities and Exchange Commission. The institutional investor owned 4,114 shares of the semiconductor company's stock after selling 5,869 shares during the quarter. New Age Alpha Advisors LLC's holdings in Universal Display were worth $574,000 as of its most recent filing with the Securities and Exchange Commission.

Other hedge funds and other institutional investors also recently made changes to their positions in the company. Wealth Enhancement Advisory Services LLC raised its position in shares of Universal Display by 5.0% during the 1st quarter. Wealth Enhancement Advisory Services LLC now owns 139,646 shares of the semiconductor company's stock worth $19,478,000 after buying an additional 6,604 shares in the last quarter. Envestnet Asset Management Inc. grew its stake in shares of Universal Display by 44.2% in the 1st quarter. Envestnet Asset Management Inc. now owns 286,320 shares of the semiconductor company's stock worth $39,936,000 after purchasing an additional 87,801 shares during the last quarter. Allspring Global Investments Holdings LLC acquired a new position in shares of Universal Display in the 1st quarter worth approximately $242,000. DAVENPORT & Co LLC acquired a new position in shares of Universal Display in the 1st quarter worth approximately $377,000. Finally, GAMMA Investing LLC grew its stake in shares of Universal Display by 134.1% in the 1st quarter. GAMMA Investing LLC now owns 962 shares of the semiconductor company's stock worth $134,000 after purchasing an additional 551 shares during the last quarter. 78.19% of the stock is currently owned by institutional investors.

Universal Display Price Performance

OLED traded up $4.31 on Wednesday, reaching $144.79. 162,095 shares of the company traded hands, compared to its average volume of 662,637. The stock's 50 day moving average price is $151.60 and its 200-day moving average price is $144.66. Universal Display Corporation has a 52-week low of $103.70 and a 52-week high of $215.90. The company has a market cap of $6.88 billion, a price-to-earnings ratio of 28.28, a PEG ratio of 1.45 and a beta of 1.47.

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

Universal Display Announces Dividend

The firm 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. The ex-dividend date is Tuesday, September 16th. This represents a $1.80 dividend on an annualized basis and a yield of 1.2%. Universal Display's payout ratio is 35.16%.

Analyst Upgrades and Downgrades

Several equities analysts have recently issued reports on OLED shares. Wall Street Zen raised shares of Universal Display from a "sell" rating to a "hold" rating in a research note on Friday, May 2nd. Needham & Company LLC reissued a "buy" rating and issued a $170.00 target price on shares of Universal Display in a research report on Friday, May 2nd. Three analysts have rated the stock with a hold rating and five have given a buy rating to the stock. According to MarketBeat, the company has a consensus rating of "Moderate Buy" and an average price target of $190.43.

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.