Vest Financial LLC Purchases Shares of 19,959 Universal Display Co. (NASDAQ:OLED)

Vest Financial LLC acquired a new stake in Universal Display Co. (NASDAQ:OLED - Free Report) during the 1st quarter, according to its most recent filing with the Securities and Exchange Commission. The firm acquired 19,959 shares of the semiconductor company's stock, valued at approximately $2,784,000.

Several other hedge funds have also recently bought and sold shares of the company. Charles Schwab Investment Management Inc. increased its stake in shares of Universal Display by 2.1% in the fourth quarter. Charles Schwab Investment Management Inc. now owns 341,019 shares of the semiconductor company's stock valued at $49,857,000 after purchasing an additional 7,147 shares during the period. Sterling Capital Management LLC grew its holdings in Universal Display by 35.0% in the 4th quarter. Sterling Capital Management LLC now owns 1,767 shares of the semiconductor company's stock worth $258,000 after buying an additional 458 shares in the last quarter. Pictet Asset Management Holding SA increased its position in Universal Display by 9.0% in the 4th quarter. Pictet Asset Management Holding SA now owns 6,299 shares of the semiconductor company's stock valued at $921,000 after acquiring an additional 522 shares during the period. CIBC Asset Management Inc raised its stake in Universal Display by 5.2% during the 4th quarter. CIBC Asset Management Inc now owns 1,473 shares of the semiconductor company's stock valued at $215,000 after acquiring an additional 73 shares in the last quarter. Finally, Rhumbline Advisers raised its stake in Universal Display by 1.5% during the 4th quarter. Rhumbline Advisers now owns 158,618 shares of the semiconductor company's stock valued at $23,190,000 after acquiring an additional 2,387 shares in the last quarter. 78.19% of the stock is currently owned by institutional investors.

Analyst Upgrades and Downgrades

OLED has been the topic of a number of research analyst reports. Citigroup lowered their price target on Universal Display from $200.00 to $162.00 and set a "neutral" rating on the stock in a report on Monday, February 10th. Roth Mkm raised their target price on shares of Universal Display from $207.00 to $213.00 and gave the company a "buy" rating in a research note on Friday, February 21st. Needham & Company LLC restated a "buy" rating and set a $170.00 price target on shares of Universal Display in a research report on Friday, May 2nd. Susquehanna reduced 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 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 note on Friday, May 2nd. Three analysts have rated the stock with a hold rating and five have given a buy rating to the stock. Based on data from MarketBeat.com, the stock presently has a consensus rating of "Moderate Buy" and an average price target of $190.43.

Universal Display Stock Performance

Shares of OLED traded up $5.14 during trading hours on Tuesday, hitting $161.02. 679,510 shares of the company were exchanged, compared to its average volume of 602,870. The company has a market cap of $7.65 billion, a PE ratio of 34.63, a PEG ratio of 1.61 and a beta of 1.50. The firm's 50 day moving average is $135.11 and its 200-day moving average is $145.44. Universal Display Co. has a 52 week low of $103.70 and a 52 week high of $237.00.

Universal Display (NASDAQ:OLED - Get Free Report) last announced its earnings results on Thursday, May 1st. The semiconductor company reported $1.35 earnings per share (EPS) for the quarter, topping analysts' consensus estimates of $1.07 by $0.28. The firm had revenue of $166.28 million during the quarter, compared to analysts' expectations of $154.76 million. Universal Display had a return on equity of 15.51% and a net margin of 34.29%. The company's revenue was up .6% on a year-over-year basis. During the same quarter in the prior year, the business earned $1.19 earnings per share. As a group, equities analysts forecast that Universal Display Co. will post 4.71 earnings per share for the current fiscal year.

Universal Display Dividend Announcement

The firm 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 $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 1.12%. Universal Display's payout ratio is presently 37.42%.

Universal Display Company 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.