Wealthquest Corp Acquires New Stake in Universal Display Corporation (NASDAQ:OLED)

Key Points

• Wealthquest Corp acquired a new stake in Universal Display Corporation, purchasing 13,296 shares valued at approximately $1,855,000 in the first quarter.
• Universal Display reported an earnings per share (EPS) of $1.35 for the last quarter, surpassing the consensus estimate of $1.07 and showing a 35.40% net margin.
• Wall Street analysts have generally rated Universal Display as a "Moderate Buy," with an average target price of $190.43 for the stock.

Wealthquest Corp bought a new stake in shares of Universal Display Corporation (NASDAQ:OLED - Free Report) in the first quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The institutional investor bought 13,296 shares of the semiconductor company's stock, valued at approximately $1,855,000.

A number of other institutional investors have also added to or reduced their stakes in the company. Orion Capital Management LLC purchased a new stake in shares of Universal Display in the fourth quarter worth $29,000. Brown Brothers Harriman & Co. boosted its position in Universal Display by 280.0% in the fourth quarter. Brown Brothers Harriman & Co. now owns 209 shares of the semiconductor company's stock worth $31,000 after purchasing an additional 154 shares during the last quarter. Golden State Wealth Management LLC increased its stake in shares of Universal Display by 4,700.0% in the first quarter. Golden State Wealth Management LLC now owns 240 shares of the semiconductor company's stock worth $33,000 after purchasing an additional 235 shares in the last quarter. Aster Capital Management DIFC Ltd bought a new stake in Universal Display during the 4th quarter valued at approximately $40,000. Finally, Global X Japan Co. Ltd. bought a new stake in Universal Display during the 1st quarter valued at approximately $49,000. Institutional investors own 78.19% of the company's stock.

Wall Street Analysts Forecast Growth

A number of research firms have issued reports on OLED. Needham & Company LLC reaffirmed a "buy" rating and issued a $170.00 price objective on shares of Universal Display in a research note on Friday, May 2nd. Wall Street Zen upgraded Universal Display from a "sell" rating to a "hold" rating in a research note on Friday, May 2nd. Three investment analysts have rated the stock with a hold rating and five have issued a buy rating to the company. According to data from MarketBeat.com, the stock presently has an average rating of "Moderate Buy" and an average price target of $190.43.

Universal Display Stock Performance

Universal Display stock traded up $0.58 during midday trading on Friday, hitting $144.98. 1,119,441 shares of the company were exchanged, compared to its average volume of 418,277. The firm has a market capitalization of $6.89 billion, a PE ratio of 28.32, a price-to-earnings-growth ratio of 1.57 and a beta of 1.47. Universal Display Corporation has a fifty-two week low of $103.70 and a fifty-two week high of $215.90. The business has a fifty day simple moving average of $152.47 and a two-hundred day simple moving average of $145.13.

Universal Display (NASDAQ:OLED - Get Free Report) last issued its quarterly earnings data on Thursday, July 31st. The semiconductor company reported $1.41 EPS for the quarter, beating the consensus estimate of $1.20 by $0.21. The company had revenue of $171.79 million for the quarter, compared to analyst estimates of $161.58 million. Universal Display had a return on equity of 16.05% and a net margin of 36.95%. Universal Display's quarterly revenue was up 8.4% compared to the same quarter last year. During the same period last year, the company earned $1.10 earnings per share. As a group, equities analysts expect that Universal Display Corporation will post 4.71 earnings per share for the current year.

Universal Display Dividend Announcement

The business also recently disclosed a quarterly dividend, which will be paid on Tuesday, September 30th. Shareholders of record on Tuesday, September 16th will be paid a dividend of $0.45 per share. The ex-dividend date of this dividend is Tuesday, September 16th. This represents a $1.80 dividend on an annualized basis and a yield of 1.2%. Universal Display's payout ratio is 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.