Impact Capital Partners LLC grew its stake in shares of Universal Display Co. (NASDAQ:OLED - Free Report) by 152.0% during the 1st quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor owned 4,756 shares of the semiconductor company's stock after acquiring an additional 2,869 shares during the period. Impact Capital Partners LLC's holdings in Universal Display were worth $663,000 at the end of the most recent reporting period.
Other large investors have also recently made changes to their positions in the company. Orion Capital Management LLC bought a new stake in Universal Display during the 4th quarter worth approximately $29,000. Brown Brothers Harriman & Co. grew its position 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. Blue Trust Inc. increased its holdings in shares of Universal Display by 401.9% in the fourth quarter. Blue Trust Inc. now owns 261 shares of the semiconductor company's stock worth $38,000 after purchasing an additional 209 shares during the period. Aster Capital Management DIFC Ltd purchased a new stake in shares of Universal Display in the fourth quarter worth $40,000. Finally, Farther Finance Advisors LLC raised its position 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 worth $45,000 after buying an additional 274 shares in the last quarter. 78.19% of the stock is owned by institutional investors.
Universal Display Stock Performance
NASDAQ:OLED traded up $5.14 during mid-day trading on Tuesday, reaching $161.02. The stock had a trading volume of 679,510 shares, compared to its average volume of 602,870. The stock has a market capitalization of $7.65 billion, a P/E ratio of 34.63, a P/E/G ratio of 1.61 and a beta of 1.50. The firm has a 50 day moving average price of $135.11 and a two-hundred day moving average price of $145.44. Universal Display Co. has a one year low of $103.70 and a one year high of $237.00.
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, topping the consensus estimate of $1.07 by $0.28. Universal Display had a net margin of 34.29% and a return on equity of 15.51%. The firm had revenue of $166.28 million for the quarter, compared to the consensus estimate of $154.76 million. During the same period last year, the firm posted $1.19 earnings per share. The business's revenue was up .6% compared to the same quarter last year. Research analysts forecast that Universal Display Co. will post 4.71 earnings per share for the current year.
Universal Display Announces Dividend
The business also recently disclosed a quarterly dividend, which will be paid on Monday, June 30th. Stockholders of record on Monday, June 16th will be paid a dividend of $0.45 per share. The ex-dividend date is Monday, June 16th. This represents a $1.80 dividend on an annualized basis and a dividend yield of 1.12%. Universal Display's dividend payout ratio (DPR) is currently 37.42%.
Analyst Upgrades and Downgrades
Several research firms recently commented on OLED. Roth Mkm boosted their target price on Universal Display from $207.00 to $213.00 and gave the stock a "buy" rating in a research report on Friday, February 21st. Needham & Company LLC reissued a "buy" rating and set a $170.00 price objective on shares of Universal Display in a report on Friday, May 2nd. Citigroup decreased their price objective on shares of Universal Display from $200.00 to $162.00 and set a "neutral" rating on the stock in a research report on Monday, February 10th. Susquehanna dropped their target price on shares of Universal Display from $165.00 to $160.00 and set a "neutral" rating for the company in a research report on Friday, February 21st. Finally, Wall Street Zen raised shares of 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 issued a buy rating to the company. Based on data from MarketBeat, Universal Display presently has an average rating of "Moderate Buy" and an average target price of $190.43.
Read Our Latest Stock Analysis on Universal Display
About Universal Display
(
Free Report)
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.
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