SG Americas Securities LLC Increases Stake in Universal Display Corporation (NASDAQ:OLED)

SG Americas Securities LLC grew its holdings in Universal Display Corporation (NASDAQ:OLED - Free Report) by 65.6% in the first quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 6,492 shares of the semiconductor company's stock after buying an additional 2,572 shares during the period. SG Americas Securities LLC's holdings in Universal Display were worth $906,000 at the end of the most recent quarter.

Other hedge funds also recently made changes to their positions in the company. GAMMA Investing LLC boosted its stake in Universal Display by 134.1% in the 1st quarter. GAMMA Investing LLC now owns 962 shares of the semiconductor company's stock valued at $134,000 after purchasing an additional 551 shares during the period. Harbor Capital Advisors Inc. raised its position in shares of Universal Display by 5.4% in the first quarter. Harbor Capital Advisors Inc. now owns 9,287 shares of the semiconductor company's stock valued at $1,295,000 after buying an additional 475 shares in the last quarter. Portside Wealth Group LLC bought a new stake in shares of Universal Display in the first quarter valued at approximately $240,000. First Citizens Bank & Trust Co. boosted its stake in shares of Universal Display by 18.7% in the first quarter. First Citizens Bank & Trust Co. now owns 1,773 shares of the semiconductor company's stock valued at $247,000 after buying an additional 279 shares during the period. Finally, Park Avenue Securities LLC grew its position in Universal Display by 46.3% during the first quarter. Park Avenue Securities LLC now owns 2,524 shares of the semiconductor company's stock worth $352,000 after buying an additional 799 shares in the last quarter. 78.19% of the stock is owned by institutional investors and hedge funds.

Wall Street Analyst Weigh In

Several brokerages recently issued reports on OLED. Needham & Company LLC reaffirmed a "buy" rating and set a $170.00 price target on shares of Universal Display in a report on Friday, May 2nd. Susquehanna decreased their price target 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. Roth Mkm lifted their price objective on Universal Display from $207.00 to $213.00 and gave the stock a "buy" rating in a research note 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 research 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, the company presently has an average rating of "Moderate Buy" and an average price target of $190.43.

Universal Display Stock Up 0.7%

OLED traded up $1.06 during trading on Thursday, hitting $153.34. 385,541 shares of the company's stock were exchanged, compared to its average volume of 601,177. Universal Display Corporation has a fifty-two week low of $103.70 and a fifty-two week high of $237.00. The stock has a market cap of $7.29 billion, a P/E ratio of 31.88, a PEG ratio of 1.65 and a beta of 1.50. The business's 50 day moving average is $140.02 and its two-hundred day moving average is $145.24.

Universal Display (NASDAQ:OLED - Get Free Report) last released its earnings results on Thursday, May 1st. The semiconductor company reported $1.35 EPS for the quarter, topping analysts' consensus estimates of $1.07 by $0.28. Universal Display had a return on equity of 15.35% and a net margin of 35.40%. The company 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 business posted $1.19 EPS. The business's revenue for the quarter was up .6% compared to the same quarter last year. On average, sell-side analysts forecast that Universal Display Corporation will post 4.71 earnings per share for the current year.

Universal Display Announces Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Monday, June 30th. Investors 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 1.17%. 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.