Impact Capital Partners LLC Grows Position in Universal Display Co. (NASDAQ:OLED)

Impact Capital Partners LLC grew its holdings in Universal Display Co. (NASDAQ:OLED - Free Report) by 152.0% during the 1st quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The firm 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 as of its most recent SEC filing.

Other institutional investors have also added to or reduced their stakes in the company. Orion Capital Management LLC bought a new position in Universal Display in the fourth quarter worth approximately $29,000. Brown Brothers Harriman & Co. raised its position in Universal Display by 280.0% in the fourth quarter. Brown Brothers Harriman & Co. now owns 209 shares of the semiconductor company's stock worth $31,000 after acquiring an additional 154 shares during the period. Blue Trust Inc. raised its position in 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 acquiring an additional 209 shares during the period. Aster Capital Management DIFC Ltd bought a new position in Universal Display in the fourth quarter worth approximately $40,000. Finally, Farther Finance Advisors LLC raised its position in shares of Universal Display by 761.1% during the 4th 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 during the period. 78.19% of the stock is currently owned by institutional investors.

Wall Street Analyst Weigh In

Several analysts have recently commented on OLED shares. Needham & Company LLC restated a "buy" rating and set a $170.00 price objective on shares of Universal Display in a research 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. Roth Mkm raised their price objective on shares of Universal Display from $207.00 to $213.00 and gave the company a "buy" rating in a research report on Friday, February 21st. Susquehanna decreased their price objective on shares of Universal Display from $165.00 to $160.00 and set a "neutral" rating on the stock in a research report on Friday, February 21st. Finally, Wall Street Zen upgraded shares of Universal Display from a "sell" rating to a "hold" rating in a research report 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's stock. According to data from MarketBeat.com, Universal Display currently has a consensus rating of "Moderate Buy" and a consensus target price of $190.43.

Universal Display Trading Up 1.2%

OLED traded up $1.85 during trading on Friday, hitting $151.31. 328,675 shares of the company traded hands, compared to its average volume of 600,954. The company has a market cap of $7.19 billion, a PE ratio of 32.54, a P/E/G ratio of 1.61 and a beta of 1.50. The stock's 50-day simple moving average is $133.91 and its two-hundred day simple moving average is $145.42. Universal Display Co. has a 1 year low of $103.70 and a 1 year high of $237.00.

Universal Display (NASDAQ:OLED - Get Free Report) last posted its 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 company had revenue of $166.28 million during the quarter, compared to analysts' expectations of $154.76 million. Universal Display had a net margin of 34.29% and a return on equity of 15.51%. Universal Display's quarterly revenue was up .6% on a year-over-year basis. During the same period last year, the company posted $1.19 earnings per share. Equities analysts expect that Universal Display Co. will post 4.71 EPS for the current year.

Universal Display Announces Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Monday, June 30th. Shareholders of record on Monday, June 16th will be paid a $0.45 dividend. The ex-dividend date of this dividend is Monday, June 16th. This represents a $1.80 dividend on an annualized basis and a dividend yield of 1.19%. Universal Display's payout ratio is currently 37.42%.

About Universal Display

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.