Segall Bryant & Hamill LLC Increases Holdings in Universal Display Corporation (NASDAQ:OLED)

Segall Bryant & Hamill LLC raised its stake in Universal Display Corporation (NASDAQ:OLED - Free Report) by 134.1% in the first quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 213,004 shares of the semiconductor company's stock after acquiring an additional 121,998 shares during the quarter. Segall Bryant & Hamill LLC owned approximately 0.45% of Universal Display worth $29,710,000 as of its most recent SEC filing.

A number of other institutional investors and hedge funds have also recently made changes to their positions in OLED. Orion Capital Management LLC bought a new position in shares of Universal Display in the fourth quarter worth about $29,000. Brown Brothers Harriman & Co. increased its stake 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 buying an additional 154 shares during the period. Golden State Wealth Management LLC increased its stake in shares of Universal Display by 4,700.0% in the first quarter. Golden State Wealth Management LLC now owns 240 shares of the semiconductor company's stock valued at $33,000 after buying an additional 235 shares during the period. Aster Capital Management DIFC Ltd acquired a new position in shares of Universal Display in the fourth quarter valued at approximately $40,000. Finally, Farther Finance Advisors LLC increased its stake in shares of Universal Display by 761.1% in the fourth quarter. Farther Finance Advisors LLC now owns 310 shares of the semiconductor company's stock valued at $45,000 after buying an additional 274 shares during the period. Institutional investors own 78.19% of the company's stock.

Universal Display Trading Down 0.1%

NASDAQ:OLED traded down $0.18 on Friday, reaching $151.22. 269,413 shares of the stock traded hands, compared to its average volume of 612,809. The firm has a market capitalization of $7.19 billion, a price-to-earnings ratio of 31.44, a price-to-earnings-growth ratio of 1.64 and a beta of 1.51. The company's 50 day moving average is $152.93 and its 200-day moving average is $145.21. Universal Display Corporation has a 1-year low of $103.70 and a 1-year high of $234.16.

Universal Display (NASDAQ:OLED - Get Free Report) last posted its quarterly earnings results on Thursday, May 1st. The semiconductor company reported $1.35 earnings per share (EPS) for the quarter, topping analysts' consensus estimates of $1.07 by $0.28. The firm had revenue of $166.28 million for the quarter, compared to analysts' expectations of $154.76 million. Universal Display had a return on equity of 15.35% and a net margin of 35.40%. The company's revenue for the quarter was up .6% compared to the same quarter last year. During the same period in the prior year, the business earned $1.19 EPS. On average, equities research analysts forecast that Universal Display Corporation will post 4.71 EPS for the current fiscal year.

Universal Display Announces Dividend

The firm also recently declared a quarterly dividend, which was paid on Monday, June 30th. Shareholders of record on Monday, June 16th were issued a dividend of $0.45 per share. This represents a $1.80 dividend on an annualized basis and a dividend yield of 1.19%. The ex-dividend date was Monday, June 16th. Universal Display's payout ratio is 37.42%.

Analyst Ratings Changes

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

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.