Wealth Enhancement Advisory Services LLC Has $19.45 Million Position in Universal Display Co. (NASDAQ:OLED)

Wealth Enhancement Advisory Services LLC raised its holdings in shares of Universal Display Co. (NASDAQ:OLED - Free Report) by 36.9% during the 4th quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 133,042 shares of the semiconductor company's stock after acquiring an additional 35,849 shares during the period. Wealth Enhancement Advisory Services LLC owned approximately 0.28% of Universal Display worth $19,451,000 as of its most recent SEC filing.

Several other institutional investors have also bought and sold shares of OLED. Barclays PLC increased its position in shares of Universal Display by 753.8% during the 3rd quarter. Barclays PLC now owns 212,518 shares of the semiconductor company's stock valued at $44,608,000 after purchasing an additional 187,627 shares during the period. Geneos Wealth Management Inc. lifted its holdings in shares of Universal Display by 185.6% in the fourth quarter. Geneos Wealth Management Inc. now owns 357 shares of the semiconductor company's stock valued at $52,000 after buying an additional 232 shares during the period. Blue Trust Inc. boosted its stake in Universal Display by 401.9% during the fourth quarter. Blue Trust Inc. now owns 261 shares of the semiconductor company's stock valued at $38,000 after buying an additional 209 shares in the last quarter. KBC Group NV grew its holdings in Universal Display by 79.4% during the fourth quarter. KBC Group NV now owns 1,903 shares of the semiconductor company's stock worth $278,000 after acquiring an additional 842 shares during the period. Finally, Pacer Advisors Inc. raised its position in Universal Display by 37.2% in the fourth quarter. Pacer Advisors Inc. now owns 27,246 shares of the semiconductor company's stock worth $3,983,000 after acquiring an additional 7,390 shares in the last quarter. Institutional investors and hedge funds own 78.19% of the company's stock.

Analyst Upgrades and Downgrades

A number of equities research analysts have weighed in on OLED shares. Roth Mkm upped their price target on shares of Universal Display from $207.00 to $213.00 and gave the company a "buy" rating in a report on Friday, February 21st. Susquehanna cut 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 note on Friday, February 21st. Needham & Company LLC restated a "buy" rating and set a $170.00 target price on shares of Universal Display in a report on Friday, May 2nd. The Goldman Sachs Group decreased their price target on shares of Universal Display from $234.00 to $203.00 and set a "buy" rating on the stock in a research report on Thursday, February 6th. Finally, Citigroup cut their price objective on Universal Display from $200.00 to $162.00 and set a "neutral" rating for the company in a research report on Monday, February 10th. 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, Universal Display has a consensus rating of "Moderate Buy" and an average target price of $190.43.

Universal Display Stock Up 0.8%

Shares of Universal Display stock traded up $1.17 during trading on Wednesday, hitting $151.33. The stock had a trading volume of 130,457 shares, compared to its average volume of 595,333. Universal Display Co. has a 1 year low of $103.70 and a 1 year high of $237.00. The stock has a 50 day simple moving average of $133.36 and a 200 day simple moving average of $145.87. The company has a market capitalization of $7.19 billion, a PE ratio of 32.54, a P/E/G ratio of 1.61 and a beta of 1.46.

Universal Display (NASDAQ:OLED - Get Free Report) last posted its quarterly earnings data on Thursday, May 1st. The semiconductor company reported $1.35 earnings per share 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 analysts' expectations of $154.76 million. During the same period in the previous year, the company posted $1.19 EPS. The company's quarterly revenue was up .6% compared to the same quarter last year. As a group, equities analysts expect that Universal Display Co. will post 4.71 earnings per share for the current fiscal year.

Universal Display Dividend Announcement

The firm also recently declared a quarterly dividend, which will be paid on Monday, June 30th. Stockholders of record on Monday, June 16th will be issued 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 1.19%. Universal Display's dividend payout ratio is 37.42%.

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.