TD Private Client Wealth LLC Boosts Stock Position in Universal Display Corporation (NASDAQ:OLED)

TD Private Client Wealth LLC increased its holdings in shares of Universal Display Corporation (NASDAQ:OLED - Free Report) by 50.3% during the first quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The firm owned 14,638 shares of the semiconductor company's stock after acquiring an additional 4,896 shares during the quarter. TD Private Client Wealth LLC's holdings in Universal Display were worth $2,042,000 as of its most recent SEC filing.

Other hedge funds have also bought and sold shares of the company. Orion Capital Management LLC bought a new stake in shares of Universal Display in the fourth quarter valued at $29,000. Brown Brothers Harriman & Co. raised 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 raised 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 bought a new stake in shares of Universal Display in the fourth quarter valued at $40,000. Finally, Farther Finance Advisors LLC raised 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. 78.19% of the stock is currently owned by institutional investors.

Universal Display Stock Down 1.4%

Shares of NASDAQ:OLED traded down $2.19 during midday trading on Friday, reaching $155.49. 392,981 shares of the company traded hands, compared to its average volume of 614,652. Universal Display Corporation has a 12 month low of $103.70 and a 12 month high of $237.00. The firm's fifty day moving average price is $152.01 and its two-hundred day moving average price is $145.08. The firm has a market capitalization of $7.39 billion, a price-to-earnings ratio of 32.33, a price-to-earnings-growth ratio of 1.68 and a beta of 1.51.

Universal Display (NASDAQ:OLED - Get Free Report) last posted its earnings results on Thursday, May 1st. The semiconductor company reported $1.35 EPS for the quarter, topping 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 business had revenue of $166.28 million during the quarter, compared to analysts' expectations of $154.76 million. During the same period in the previous year, the business earned $1.19 earnings per share. The firm's revenue was up .6% on a year-over-year basis. Analysts forecast that Universal Display Corporation will post 4.71 earnings per share for the current year.

Universal Display Dividend Announcement

The firm also recently announced a quarterly dividend, which was paid on Monday, June 30th. Investors of record on Monday, June 16th were given a dividend of $0.45 per share. This represents a $1.80 annualized dividend and a yield of 1.16%. The ex-dividend date was Monday, June 16th. Universal Display's payout ratio is 37.42%.

Wall Street Analysts Forecast Growth

Several analysts have issued reports on the company. Wall Street Zen upgraded Universal Display from a "sell" rating to a "hold" rating in a research note on Friday, May 2nd. Needham & Company LLC reiterated a "buy" rating and set a $170.00 price objective on shares of Universal Display in a research note on Friday, May 2nd. Three 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, the stock presently has an average rating of "Moderate Buy" and a consensus target price 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.