Wealth Alliance LLC Invests $293,000 in Universal Display Corporation (NASDAQ:OLED)

Wealth Alliance LLC acquired a new position in Universal Display Corporation (NASDAQ:OLED - Free Report) during the first quarter, according to its most recent 13F filing with the SEC. The firm acquired 2,101 shares of the semiconductor company's stock, valued at approximately $293,000.

A number of other large investors also recently modified their holdings of OLED. Orion Capital Management LLC purchased a new stake in shares of Universal Display during the 4th quarter valued at about $29,000. Brown Brothers Harriman & Co. raised its holdings in shares of Universal Display by 280.0% during the 4th quarter. Brown Brothers Harriman & Co. now owns 209 shares of the semiconductor company's stock valued at $31,000 after buying an additional 154 shares during the period. Golden State Wealth Management LLC raised its holdings in shares of Universal Display by 4,700.0% during the 1st quarter. Golden State Wealth Management LLC now owns 240 shares of the semiconductor company's stock valued at $33,000 after buying an additional 235 shares during the period. Aster Capital Management DIFC Ltd purchased a new stake in shares of Universal Display during the 4th quarter valued at about $40,000. Finally, Farther Finance Advisors LLC raised its holdings 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 buying an additional 274 shares during the period. 78.19% of the stock is currently owned by hedge funds and other institutional investors.

Universal Display Stock Down 0.7%

Shares of NASDAQ OLED opened at $150.23 on Tuesday. Universal Display Corporation has a fifty-two week low of $103.70 and a fifty-two week high of $234.16. The business has a 50 day moving average price of $152.93 and a two-hundred day moving average price of $145.18. The firm has a market cap of $7.14 billion, a PE ratio of 31.23, a price-to-earnings-growth ratio of 1.64 and a beta of 1.51.

Universal Display (NASDAQ:OLED - Get Free Report) last issued its quarterly earnings data on Thursday, May 1st. The semiconductor company reported $1.35 earnings per share for the quarter, beating analysts' consensus estimates of $1.07 by $0.28. The firm had revenue of $166.28 million during the quarter, compared to analyst estimates of $154.76 million. Universal Display had a return on equity of 15.35% and a net margin of 35.40%. Universal Display's quarterly revenue was up .6% on a year-over-year basis. During the same quarter last year, the firm earned $1.19 EPS. On average, analysts anticipate that Universal Display Corporation will post 4.71 earnings per share for the current year.

Universal Display Announces Dividend

The firm also recently declared a quarterly dividend, which was paid on Monday, June 30th. Stockholders of record on Monday, June 16th were given a $0.45 dividend. The ex-dividend date of this dividend was Monday, June 16th. This represents a $1.80 dividend on an annualized basis and a dividend yield of 1.20%. Universal Display's payout ratio is currently 37.42%.

Analyst Upgrades and Downgrades

OLED has been the topic of several analyst reports. Wall Street Zen upgraded Universal Display from a "sell" rating to a "hold" rating in a report on Friday, May 2nd. Needham & Company LLC reiterated a "buy" rating and set a $170.00 target price on shares of Universal Display in a report on Friday, May 2nd. Three investment analysts have rated the stock with a hold rating and five have assigned a buy rating to the company's stock. According to data from MarketBeat.com, the company currently has an average rating of "Moderate Buy" and an average price target of $190.43.

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.

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