Alps Advisors Inc. Increases Stake in Universal Display Corporation (NASDAQ:OLED)

Alps Advisors Inc. boosted its holdings in Universal Display Corporation (NASDAQ:OLED - Free Report) by 7.8% in the 1st quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The firm owned 28,580 shares of the semiconductor company's stock after purchasing an additional 2,074 shares during the quarter. Alps Advisors Inc. owned about 0.06% of Universal Display worth $3,986,000 at the end of the most recent quarter.

Other hedge funds also recently made changes to their positions in the company. Axxcess Wealth Management LLC lifted its holdings in shares of Universal Display by 69.2% in the 1st quarter. Axxcess Wealth Management LLC now owns 2,440 shares of the semiconductor company's stock worth $340,000 after buying an additional 998 shares during the period. Linden Thomas Advisory Services LLC increased its stake in Universal Display by 0.8% in the 1st quarter. Linden Thomas Advisory Services LLC now owns 12,319 shares of the semiconductor company's stock valued at $1,718,000 after purchasing an additional 96 shares in the last quarter. M&T Bank Corp boosted its holdings in Universal Display by 13.0% in the first quarter. M&T Bank Corp now owns 2,215 shares of the semiconductor company's stock valued at $308,000 after acquiring an additional 255 shares during the last quarter. Brown Advisory Inc. acquired a new stake in Universal Display during the first quarter valued at approximately $72,327,000. Finally, TD Private Client Wealth LLC boosted its stake in Universal Display by 50.3% during the 1st quarter. TD Private Client Wealth LLC now owns 14,638 shares of the semiconductor company's stock valued at $2,042,000 after purchasing an additional 4,896 shares in the last quarter. 78.19% of the stock is currently owned by institutional investors.

Universal Display Price Performance

NASDAQ OLED traded down $1.39 during trading hours on Tuesday, reaching $151.66. The company's stock had a trading volume of 425,705 shares, compared to its average volume of 613,130. The company's 50-day moving average is $152.01 and its two-hundred day moving average is $145.04. The firm has a market capitalization of $7.21 billion, a price-to-earnings ratio of 31.53, a P/E/G ratio of 1.68 and a beta of 1.51. Universal Display Corporation has a 1-year low of $103.70 and a 1-year high of $237.00.

Universal Display (NASDAQ:OLED - Get Free Report) last announced its quarterly earnings data on Thursday, May 1st. The semiconductor company reported $1.35 earnings per share (EPS) for the quarter, beating the consensus estimate of $1.07 by $0.28. Universal Display had a net margin of 35.40% and a return on equity of 15.35%. The company had revenue of $166.28 million during the quarter, compared to analysts' expectations of $154.76 million. During the same period in the previous year, the company earned $1.19 EPS. The business's quarterly revenue was up .6% compared to the same quarter last year. Equities analysts forecast that Universal Display Corporation will post 4.71 EPS for the current fiscal year.

Universal Display Announces Dividend

The business also recently disclosed a quarterly dividend, which was paid on Monday, June 30th. Shareholders of record on Monday, June 16th were given a dividend of $0.45 per share. The ex-dividend date was Monday, June 16th. This represents a $1.80 annualized dividend and a yield of 1.19%. Universal Display's dividend payout ratio (DPR) is presently 37.42%.

Wall Street Analysts Forecast Growth

Several research analysts have recently issued reports on the stock. Wall Street Zen upgraded shares of Universal Display from a "sell" rating to a "hold" rating in a report on Friday, May 2nd. Needham & Company LLC reissued a "buy" rating and issued a $170.00 price target on shares of Universal Display in a report on Friday, May 2nd. Three research analysts have rated the stock with a hold rating and five have issued a buy rating to the stock. Based on data from MarketBeat, the company presently 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.