Teacher Retirement System of Texas Acquires 1,884 Shares of Universal Display Corporation (NASDAQ:OLED)

Teacher Retirement System of Texas increased its stake in shares of Universal Display Corporation (NASDAQ:OLED - Free Report) by 21.7% during the 1st quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 10,555 shares of the semiconductor company's stock after acquiring an additional 1,884 shares during the quarter. Teacher Retirement System of Texas' holdings in Universal Display were worth $1,472,000 at the end of the most recent quarter.

Several other institutional investors and hedge funds have also bought and sold shares of OLED. Orion Capital Management LLC acquired a new position in Universal Display during the fourth quarter worth $29,000. Brown Brothers Harriman & Co. increased its holdings in Universal Display by 280.0% during the fourth quarter. Brown Brothers Harriman & Co. now owns 209 shares of the semiconductor company's stock worth $31,000 after buying an additional 154 shares during the last quarter. Golden State Wealth Management LLC increased its holdings in Universal Display by 4,700.0% during the first quarter. Golden State Wealth Management LLC now owns 240 shares of the semiconductor company's stock worth $33,000 after buying an additional 235 shares during the last quarter. Aster Capital Management DIFC Ltd purchased a new stake in Universal Display during the fourth quarter worth about $40,000. Finally, Farther Finance Advisors LLC boosted its position in Universal Display by 761.1% during the fourth quarter. Farther Finance Advisors LLC now owns 310 shares of the semiconductor company's stock worth $45,000 after purchasing an additional 274 shares during the period. 78.19% of the stock is owned by institutional investors.

Analyst Upgrades and Downgrades

A number of equities analysts have recently commented on the stock. Needham & Company LLC restated a "buy" rating and issued a $170.00 price objective on shares of Universal Display in a research report on Friday, May 2nd. Wall Street Zen raised shares of Universal Display from a "sell" rating to a "hold" rating in a research note on Friday, May 2nd. Three equities research analysts have rated the stock with a hold rating and five have given a buy rating to the company. Based on data from MarketBeat, the company presently has an average rating of "Moderate Buy" and a consensus target price of $190.43.

Universal Display Stock Performance

Shares of NASDAQ OLED traded down $2.19 during mid-day trading on Friday, hitting $155.49. The stock had a trading volume of 392,981 shares, compared to its average volume of 613,045. Universal Display Corporation has a 1 year low of $103.70 and a 1 year high of $237.00. The business has a 50 day moving average price of $152.01 and a two-hundred day moving average price of $145.13. The firm has a market cap of $7.39 billion, a P/E ratio of 32.33, a price-to-earnings-growth ratio of 1.70 and a beta of 1.51.

Universal Display (NASDAQ:OLED - Get Free Report) last released its quarterly 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 business had revenue of $166.28 million for the quarter, compared to analysts' expectations of $154.76 million. Universal Display had a net margin of 35.40% and a return on equity of 15.35%. The firm's revenue for the quarter was up .6% compared to the same quarter last year. During the same quarter in the previous year, the business posted $1.19 earnings per share. Equities research analysts predict that Universal Display Corporation will post 4.71 EPS for the current fiscal year.

Universal Display Dividend Announcement

The firm also recently announced a quarterly dividend, which was paid on Monday, June 30th. Stockholders 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 1.16%. The ex-dividend date was Monday, June 16th. Universal Display's dividend payout ratio (DPR) is presently 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.