Universal Display Corporation (NASDAQ:OLED) Shares Acquired by Peregrine Investment Management Inc.

Peregrine Investment Management Inc. lifted its stake in shares of Universal Display Corporation (NASDAQ:OLED - Free Report) by 3.5% during the 1st quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The firm owned 54,240 shares of the semiconductor company's stock after acquiring an additional 1,841 shares during the period. Universal Display accounts for approximately 5.6% of Peregrine Investment Management Inc.'s portfolio, making the stock its 8th biggest position. Peregrine Investment Management Inc. owned about 0.11% of Universal Display worth $7,565,000 at the end of the most recent reporting period.

Several other institutional investors have also modified their holdings of OLED. Orion Capital Management LLC purchased a new position in shares of Universal Display during the 4th quarter worth $29,000. Brown Brothers Harriman & Co. raised its holdings 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 worth $31,000 after acquiring an additional 154 shares during the period. Golden State Wealth Management LLC raised its holdings in shares of Universal Display by 4,700.0% during the 1st quarter. Golden State Wealth Management LLC now owns 240 shares of the semiconductor company's stock worth $33,000 after acquiring an additional 235 shares during the period. Aster Capital Management DIFC Ltd purchased a new position in shares of Universal Display during the 4th quarter worth $40,000. Finally, Farther Finance Advisors LLC raised its holdings 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 acquiring an additional 274 shares during the period. Hedge funds and other institutional investors own 78.19% of the company's stock.

Analyst Upgrades and Downgrades

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

Universal Display Trading Up 0.2%

OLED traded up $0.26 on Wednesday, hitting $151.91. The company had a trading volume of 416,246 shares, compared to its average volume of 614,220. The firm has a market cap of $7.22 billion, a P/E ratio of 31.58, a PEG ratio of 1.64 and a beta of 1.51. Universal Display Corporation has a 1 year low of $103.70 and a 1 year high of $234.16. The company's fifty day moving average price is $152.60 and its 200 day moving average price is $145.15.

Universal Display (NASDAQ:OLED - Get Free Report) last released its earnings results 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 the consensus estimate of $154.76 million. Universal Display had a return on equity of 15.35% and a net margin of 35.40%. Universal Display's revenue was up .6% compared to the same quarter last year. During the same period in the previous year, the company posted $1.19 EPS. On average, analysts predict that Universal Display Corporation will post 4.71 earnings per share for the current year.

Universal Display Dividend Announcement

The company also recently announced a quarterly dividend, which was paid on Monday, June 30th. Shareholders of record on Monday, June 16th were given a $0.45 dividend. This represents a $1.80 annualized dividend and a yield of 1.18%. The ex-dividend date was Monday, June 16th. Universal Display's dividend payout ratio is currently 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.