Wealth Enhancement Advisory Services LLC Has $19.48 Million Stock Holdings in Universal Display Corporation (NASDAQ:OLED)

Wealth Enhancement Advisory Services LLC increased its stake in shares of Universal Display Corporation (NASDAQ:OLED - Free Report) by 5.0% in the first quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 139,646 shares of the semiconductor company's stock after purchasing an additional 6,604 shares during the quarter. Wealth Enhancement Advisory Services LLC owned approximately 0.29% of Universal Display worth $19,478,000 at the end of the most recent reporting period.

A number of other institutional investors have also added to or reduced their stakes in the stock. Vanguard Group Inc. raised its stake in shares of Universal Display by 1.4% during the fourth quarter. Vanguard Group Inc. now owns 4,784,099 shares of the semiconductor company's stock valued at $699,435,000 after acquiring an additional 67,590 shares during the last quarter. Kayne Anderson Rudnick Investment Management LLC raised its stake in shares of Universal Display by 2.8% during the fourth quarter. Kayne Anderson Rudnick Investment Management LLC now owns 2,536,513 shares of the semiconductor company's stock valued at $370,838,000 after acquiring an additional 69,043 shares during the last quarter. Geode Capital Management LLC raised its stake in shares of Universal Display by 12.8% during the fourth quarter. Geode Capital Management LLC now owns 901,315 shares of the semiconductor company's stock valued at $131,806,000 after acquiring an additional 101,963 shares during the last quarter. Norges Bank bought a new position in shares of Universal Display during the fourth quarter valued at $95,924,000. Finally, Greenhouse Funds LLLP raised its stake in shares of Universal Display by 11.2% during the fourth quarter. Greenhouse Funds LLLP now owns 583,603 shares of the semiconductor company's stock valued at $85,323,000 after acquiring an additional 58,775 shares during the last quarter. 78.19% of the stock is currently owned by institutional investors and hedge funds.

Universal Display Stock Performance

NASDAQ OLED opened at $151.26 on Friday. Universal Display Corporation has a 52-week low of $103.70 and a 52-week high of $237.00. The company has a 50-day simple moving average of $141.69 and a 200 day simple moving average of $144.96. The company has a market capitalization of $7.19 billion, a PE ratio of 31.45, a price-to-earnings-growth ratio of 1.64 and a beta of 1.50.

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 (EPS) for the quarter, topping analysts' consensus estimates of $1.07 by $0.28. The business had revenue of $166.28 million during the quarter, compared to the consensus estimate of $154.76 million. Universal Display had a net margin of 35.40% and a return on equity of 15.35%. The firm's quarterly revenue was up .6% compared to the same quarter last year. During the same quarter last year, the company posted $1.19 earnings per share. As a group, analysts forecast that Universal Display Corporation will post 4.71 EPS for the current fiscal year.

Universal Display Announces Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Monday, June 30th. Stockholders of record on Monday, June 16th will be given 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 1.19%. Universal Display's dividend payout ratio (DPR) is currently 37.42%.

Analyst Ratings Changes

Several research firms have recently weighed in on OLED. Wall Street Zen upgraded shares of Universal Display from a "sell" rating to a "hold" rating in a research report on Friday, May 2nd. Needham & Company LLC reiterated a "buy" rating and set a $170.00 price objective on shares of Universal Display in a research report on Friday, May 2nd. Three equities research 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, Universal Display currently has a consensus rating of "Moderate Buy" and an average price target of $190.43.

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.

Want to see what other hedge funds are holding OLED? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for Universal Display Corporation (NASDAQ:OLED - Free Report).

This instant news alert was generated by narrative science technology and financial data from MarketBeat in order to provide readers with the fastest and most accurate reporting. This story was reviewed by MarketBeat's editorial team prior to publication. Please send any questions or comments about this story to contact@marketbeat.com.