Wealth Enhancement Advisory Services LLC Sells 162,758 Shares of Universal Display Corporation $OLED

Key Points

• Wealth Enhancement Advisory Services cut its stake in Universal Display by 94.6%, selling 162,758 shares in the fourth quarter and retaining 9,264 shares worth about $1.17 million.
• Universal Display beat Q4 EPS estimates ($1.39 vs. $1.28), reported revenue up 6.5% year‑over‑year, and raised its quarterly dividend to $0.50 (a $2.00 annualized payout, ~2.2% yield).
• Analysts are mixed with a consensus rating of "Hold" and a $151.67 target; several firms recently cut price targets while the stock trades near $89.72, well below its 52‑week high of $163.21.

Wealth Enhancement Advisory Services LLC trimmed its position in shares of Universal Display Corporation (NASDAQ:OLED - Free Report) by 94.6% during the fourth quarter, according to its most recent disclosure with the Securities and Exchange Commission. The institutional investor owned 9,264 shares of the semiconductor company's stock after selling 162,758 shares during the quarter. Wealth Enhancement Advisory Services LLC's holdings in Universal Display were worth $1,171,000 as of its most recent SEC filing.

Other institutional investors and hedge funds also recently made changes to their positions in the company. Smartleaf Asset Management LLC boosted its position in Universal Display by 309.8% during the 3rd quarter. Smartleaf Asset Management LLC now owns 209 shares of the semiconductor company's stock worth $30,000 after buying an additional 158 shares during the period. Measured Wealth Private Client Group LLC bought a new position in shares of Universal Display during the third quarter valued at $33,000. Pilgrim Partners Asia Pte Ltd acquired a new position in shares of Universal Display during the third quarter worth $37,000. Rise Advisors LLC lifted its holdings in shares of Universal Display by 53.3% during the third quarter. Rise Advisors LLC now owns 299 shares of the semiconductor company's stock worth $43,000 after purchasing an additional 104 shares during the period. Finally, Farther Finance Advisors LLC grew its stake in shares of Universal Display by 27.2% in the third quarter. Farther Finance Advisors LLC now owns 351 shares of the semiconductor company's stock worth $50,000 after purchasing an additional 75 shares during the last quarter. Institutional investors and hedge funds own 78.19% of the company's stock.

Wall Street Analysts Forecast Growth

A number of brokerages have recently issued reports on OLED. Needham & Company LLC lowered their price objective on Universal Display from $150.00 to $145.00 and set a "buy" rating for the company in a research report on Friday, February 20th. Citigroup dropped their price target on shares of Universal Display from $150.00 to $130.00 and set a "neutral" rating on the stock in a research report on Tuesday, January 27th. Weiss Ratings reiterated a "hold (c-)" rating on shares of Universal Display in a research report on Monday, March 23rd. Roth Mkm reissued a "buy" rating and set a $180.00 target price on shares of Universal Display in a research note on Friday, February 20th. Finally, Wall Street Zen raised shares of Universal Display from a "sell" rating to a "hold" rating in a research report on Sunday, February 22nd. Two analysts have rated the stock with a Buy rating and three have given a Hold rating to the company. According to MarketBeat, the stock presently has a consensus rating of "Hold" and a consensus target price of $151.67.

Universal Display Price Performance

Shares of OLED stock opened at $89.72 on Monday. The firm has a 50 day moving average of $106.30 and a 200-day moving average of $121.22. The company has a market cap of $4.23 billion, a price-to-earnings ratio of 17.70, a price-to-earnings-growth ratio of 7.26 and a beta of 1.65. Universal Display Corporation has a 52 week low of $86.43 and a 52 week high of $163.21.

Universal Display (NASDAQ:OLED - Get Free Report) last released its earnings results on Thursday, February 19th. The semiconductor company reported $1.39 earnings per share (EPS) for the quarter, beating analysts' consensus estimates of $1.28 by $0.11. Universal Display had a net margin of 37.21% and a return on equity of 14.07%. The company had revenue of $172.93 million for the quarter, compared to the consensus estimate of $173.35 million. During the same quarter in the previous year, the company earned $1.22 EPS. Universal Display's quarterly revenue was up 6.5% compared to the same quarter last year. Analysts anticipate that Universal Display Corporation will post 4.71 earnings per share for the current year.

Universal Display Increases Dividend

The company also recently announced a quarterly dividend, which was paid on Tuesday, March 31st. Investors of record on Tuesday, March 17th were given a $0.50 dividend. This represents a $2.00 dividend on an annualized basis and a yield of 2.2%. The ex-dividend date of this dividend was Tuesday, March 17th. This is a positive change from Universal Display's previous quarterly dividend of $0.45. Universal Display's dividend payout ratio is presently 39.45%.

Universal Display Company Profile

Universal Display Corporation NASDAQ: OLED is a technology company specializing in organic light-emitting diode (OLED) solutions. The company develops and commercializes materials, technologies and software used in the creation of OLED displays and lighting. Its offerings include proprietary phosphorescent OLED (PHOLED) materials, display driver integrated circuits and process technologies that enable higher efficiency, longer lifetimes and improved color performance for a range of display and lighting applications.

Universal Display's core business is licensing its extensive OLED patent portfolio to display manufacturers and providing them with the key organic materials needed for device fabrication.

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