Wealth Enhancement Advisory Services LLC Boosts Stock Position in Universal Display Corporation (NASDAQ:OLED)

Wealth Enhancement Advisory Services LLC boosted its position in Universal Display Corporation (NASDAQ:OLED - Free Report) by 5.0% during the first quarter, according to its most recent 13F filing with the SEC. The firm owned 139,646 shares of the semiconductor company's stock after acquiring an additional 6,604 shares during the period. Wealth Enhancement Advisory Services LLC owned 0.29% of Universal Display worth $19,478,000 as of its most recent SEC filing.

Several other institutional investors have also added to or reduced their stakes in the business. Orion Capital Management LLC purchased a new stake in shares of Universal Display during the fourth quarter worth $29,000. Brown Brothers Harriman & Co. raised its stake 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 purchasing an additional 154 shares during the period. Blue Trust Inc. lifted its holdings in Universal Display by 401.9% during the 4th quarter. Blue Trust Inc. now owns 261 shares of the semiconductor company's stock worth $38,000 after purchasing an additional 209 shares in the last quarter. Aster Capital Management DIFC Ltd purchased a new stake in Universal Display during the 4th quarter worth about $40,000. Finally, Farther Finance Advisors LLC boosted its stake in Universal Display by 761.1% in the 4th quarter. Farther Finance Advisors LLC now owns 310 shares of the semiconductor company's stock worth $45,000 after purchasing an additional 274 shares during the period. 78.19% of the stock is owned by hedge funds and other institutional investors.

Universal Display Price Performance

NASDAQ OLED traded up $0.37 during trading on Wednesday, reaching $156.05. The company's stock had a trading volume of 378,734 shares, compared to its average volume of 604,653. The firm has a fifty day moving average of $143.20 and a 200 day moving average of $144.92. Universal Display Corporation has a one year low of $103.70 and a one year high of $237.00. The stock has a market capitalization of $7.42 billion, a PE ratio of 32.44, a P/E/G ratio of 1.65 and a beta of 1.50.

Universal Display (NASDAQ:OLED - Get Free Report) last issued its quarterly earnings data on Thursday, May 1st. The semiconductor company reported $1.35 EPS for the quarter, topping the consensus estimate of $1.07 by $0.28. The company 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 revenue was up .6% on a year-over-year basis. During the same quarter in the previous year, the firm earned $1.19 earnings per share. Research analysts expect that Universal Display Corporation will post 4.71 earnings per share for the current fiscal year.

Universal Display Announces Dividend

The business also recently declared a quarterly dividend, which will be paid on Monday, June 30th. Stockholders of record on Monday, June 16th will be issued a $0.45 dividend. This represents a $1.80 dividend on an annualized basis and a dividend yield of 1.15%. The ex-dividend date of this dividend is Monday, June 16th. Universal Display's payout ratio is 37.42%.

Analyst Upgrades and Downgrades

OLED has been the subject of a number of recent analyst reports. Wall Street Zen raised Universal Display from a "sell" rating to a "hold" rating in a report on Friday, May 2nd. Needham & Company LLC restated a "buy" rating and issued a $170.00 price objective on shares of Universal Display in a research report on Friday, May 2nd. Three analysts have rated the stock with a hold rating and five have issued a buy rating to the company. According to MarketBeat, the stock has an average rating of "Moderate Buy" and a consensus target price 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.