Stephens Inc. AR Invests $270,000 in Universal Display Corporation (NASDAQ:OLED)

Stephens Inc. AR purchased a new position in Universal Display Corporation (NASDAQ:OLED - Free Report) during the 1st quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The firm purchased 1,934 shares of the semiconductor company's stock, valued at approximately $270,000.

Other institutional investors also recently added to or reduced their stakes in the company. Wealth Enhancement Advisory Services LLC raised its position in 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 during the last quarter. Envestnet Asset Management Inc. increased its stake in shares of Universal Display by 44.2% during the first quarter. Envestnet Asset Management Inc. now owns 286,320 shares of the semiconductor company's stock worth $39,936,000 after buying an additional 87,801 shares during the period. Allspring Global Investments Holdings LLC acquired a new position in Universal Display in the first quarter valued at approximately $242,000. DAVENPORT & Co LLC acquired a new stake in shares of Universal Display in the first quarter valued at approximately $377,000. Finally, GAMMA Investing LLC lifted its holdings in shares of Universal Display by 134.1% during the first 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 period. Hedge funds and other institutional investors own 78.19% of the company's stock.

Universal Display Stock Performance

Shares of OLED traded down $2.98 during trading hours on Thursday, hitting $148.95. 39,482 shares of the company were exchanged, compared to its average volume of 669,065. The firm's 50 day moving average is $152.78 and its 200-day moving average is $145.21. Universal Display Corporation has a 52 week low of $103.70 and a 52 week high of $231.83. The company has a market cap of $7.08 billion, a PE ratio of 30.97, a PEG ratio of 1.64 and a beta of 1.51.

Universal Display (NASDAQ:OLED - Get Free Report) last posted its quarterly earnings results 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 15.35% and a net margin of 35.40%. The firm had revenue of $166.28 million during the quarter, compared to analysts' expectations of $154.76 million. During the same quarter in the prior year, the firm posted $1.19 EPS. The company's revenue for the quarter was up .6% on a year-over-year basis. As a group, equities 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 was paid on Monday, June 30th. Shareholders of record on Monday, June 16th were issued a dividend of $0.45 per share. The ex-dividend date was Monday, June 16th. This represents a $1.80 annualized dividend and a yield of 1.21%. Universal Display's dividend payout ratio is presently 37.42%.

Analyst Upgrades and Downgrades

OLED has been the subject of a number of research analyst reports. Needham & Company LLC restated a "buy" rating and issued a $170.00 price target on shares of Universal Display in a research report on Friday, May 2nd. Wall Street Zen upgraded Universal Display from a "sell" rating to a "hold" rating in a research report on Friday, May 2nd. Three analysts have rated the stock with a hold rating and five have issued a buy rating to the company. According to data from MarketBeat.com, the company currently has a consensus rating of "Moderate Buy" and an average 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.