4,411 Shares in Universal Display Corporation (NASDAQ:OLED) Purchased by Universal Beteiligungs und Servicegesellschaft mbH

Key Points

• Universal Beteiligungs und Servicegesellschaft mbH has invested approximately $615,000 in Universal Display Corporation, acquiring 4,411 shares during the first quarter.
• The company announced a quarterly dividend of $0.45 per share, which equates to an annualized dividend of $1.80 and a yield of 1.2%.
• Universal Display's most recent earnings report showed an EPS of $1.41, exceeding analysts' expectations, with a revenue of $171.79 million for the quarter.

Universal Beteiligungs und Servicegesellschaft mbH bought a new stake in Universal Display Corporation (NASDAQ:OLED - Free Report) during the 1st quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor bought 4,411 shares of the semiconductor company's stock, valued at approximately $615,000.

A number of other institutional investors have also added to or reduced their stakes in the company. Orion Capital Management LLC bought a new stake in shares of Universal Display in the 4th quarter worth $29,000. Golden State Wealth Management LLC lifted its position 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 buying an additional 235 shares in the last quarter. Aster Capital Management DIFC Ltd purchased a new stake in Universal Display in the fourth quarter valued at $40,000. Global X Japan Co. Ltd. acquired a new position in Universal Display during the first quarter worth approximately $49,000. Finally, Transce3nd LLC acquired a new stake in shares of Universal Display in the 4th quarter worth approximately $54,000. 78.19% of the stock is currently owned by institutional investors and hedge funds.

Universal Display Stock Down 0.4%

NASDAQ:OLED traded down $0.59 on Wednesday, hitting $139.54. The stock had a trading volume of 145,246 shares, compared to its average volume of 667,085. The company has a fifty day moving average price of $152.34 and a two-hundred day moving average price of $145.03. Universal Display Corporation has a 1-year low of $103.70 and a 1-year high of $215.90. The stock has a market cap of $6.63 billion, a price-to-earnings ratio of 27.24, a PEG ratio of 1.53 and a beta of 1.47.

Universal Display (NASDAQ:OLED - Get Free Report) last announced its quarterly earnings data on Thursday, July 31st. The semiconductor company reported $1.41 earnings per share (EPS) for the quarter, beating the consensus estimate of $1.18 by $0.23. Universal Display had a net margin of 36.95% and a return on equity of 15.82%. The company had revenue of $171.79 million during the quarter, compared to analysts' expectations of $161.58 million. During the same period in the previous year, the company earned $1.10 EPS. The business's quarterly revenue was up 8.4% compared to the same quarter last year. As a group, analysts anticipate that Universal Display Corporation will post 4.71 earnings per share for the current year.

Universal Display Dividend Announcement

The business also recently declared a quarterly dividend, which will be paid on Tuesday, September 30th. Shareholders of record on Tuesday, September 16th will be given a $0.45 dividend. The ex-dividend date of this dividend is Tuesday, September 16th. This represents a $1.80 dividend on an annualized basis and a dividend yield of 1.3%. Universal Display's payout ratio is currently 35.16%.

Wall Street Analysts Forecast Growth

A number of research analysts have commented on OLED shares. Needham & Company LLC reaffirmed a "buy" rating and set a $170.00 target price on shares of Universal Display in a report on Friday, May 2nd. Wall Street Zen upgraded Universal Display from a "sell" rating to a "hold" rating in a report on Friday, May 2nd. Three analysts have rated the stock with a hold rating and five have assigned a buy rating to the stock. According to MarketBeat.com, Universal Display currently has an average rating of "Moderate Buy" and an average target price of $190.43.

Universal Display 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.