Teacher Retirement System of Texas Grows Stock Holdings in Universal Display Corporation (NASDAQ:OLED)

Teacher Retirement System of Texas grew its position in Universal Display Corporation (NASDAQ:OLED - Free Report) by 21.7% in the first quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm owned 10,555 shares of the semiconductor company's stock after purchasing an additional 1,884 shares during the quarter. Teacher Retirement System of Texas' holdings in Universal Display were worth $1,472,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Other hedge funds have also modified their holdings of the company. Orion Capital Management LLC purchased a new position in Universal Display during the 4th quarter worth approximately $29,000. Brown Brothers Harriman & Co. increased 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 valued at $31,000 after purchasing an additional 154 shares in the last quarter. Golden State Wealth Management LLC increased 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 valued at $33,000 after purchasing an additional 235 shares in the last quarter. Aster Capital Management DIFC Ltd purchased a new position in shares of Universal Display during the 4th quarter valued at approximately $40,000. Finally, Farther Finance Advisors LLC lifted its holdings in Universal Display by 761.1% during the fourth quarter. Farther Finance Advisors LLC now owns 310 shares of the semiconductor company's stock valued at $45,000 after purchasing an additional 274 shares in the last quarter. 78.19% of the stock is currently owned by institutional investors.

Analyst Ratings Changes

A number of research firms recently weighed in on OLED. Needham & Company LLC restated a "buy" rating and set 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 assigned a buy rating to the company. According to data from MarketBeat.com, the stock presently has a consensus rating of "Moderate Buy" and an average target price of $190.43.

Universal Display Price Performance

Shares of NASDAQ OLED traded down $1.29 during mid-day trading on Tuesday, hitting $151.76. The company had a trading volume of 197,504 shares, compared to its average volume of 613,130. The company has a market capitalization of $7.21 billion, a PE ratio of 31.55, a price-to-earnings-growth ratio of 1.68 and a beta of 1.51. Universal Display Corporation has a 1-year low of $103.70 and a 1-year high of $237.00. The business's 50-day simple moving average is $152.01 and its 200 day simple moving average is $145.04.

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 for the quarter, beating analysts' consensus estimates of $1.07 by $0.28. Universal Display had a return on equity of 15.35% and a net margin of 35.40%. The company had revenue of $166.28 million for the quarter, compared to analysts' expectations of $154.76 million. During the same period last year, the firm earned $1.19 earnings per share. Universal Display's quarterly revenue was up .6% on a year-over-year basis. On average, analysts expect that Universal Display Corporation will post 4.71 EPS for the current year.

Universal Display Dividend Announcement

The company also recently disclosed 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 annualized dividend and a dividend yield of 1.19%. The ex-dividend date was Monday, June 16th. Universal Display's payout ratio is 37.42%.

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.