UMB Bank n.a. Increases Stake in Universal Display Co. (NASDAQ:OLED)

UMB Bank n.a. raised its holdings in shares of Universal Display Co. (NASDAQ:OLED) by 193.2% during the 1st quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 648 shares of the semiconductor company’s stock after purchasing an additional 427 shares during the quarter. UMB Bank n.a.’s holdings in Universal Display were worth $90,000 as of its most recent filing with the Securities & Exchange Commission.

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

Analyst Upgrades and Downgrades

A number of analysts recently issued reports on the company. Wall Street Zen upgraded Universal Display from a “sell” rating to a “hold” rating in a research note on Friday, May 2nd. Needham & Company LLC reaffirmed a “buy” rating and set a $170.00 target price on shares of Universal Display in a report on Friday, May 2nd. Roth Mkm increased their price target on shares of Universal Display from $207.00 to $213.00 and gave the stock a “buy” rating in a report on Friday, February 21st. Finally, Susquehanna cut their price objective on shares of Universal Display from $165.00 to $160.00 and set a “neutral” rating for the company in a research report on Friday, February 21st. Three equities research analysts have rated the stock with a hold rating and five have assigned a buy rating to the stock. Based on data from MarketBeat.com, the company presently has an average rating of “Moderate Buy” and an average target price of $190.43.

Universal Display Stock Down 1.0%

NASDAQ:OLED opened at $159.13 on Friday. The stock has a market cap of $7.56 billion, a P/E ratio of 34.22, a PEG ratio of 1.61 and a beta of 1.50. The business’s 50-day moving average price is $136.99 and its two-hundred day moving average price is $145.48. Universal Display Co. has a twelve month low of $103.70 and a twelve month high of $237.00.

Universal Display (NASDAQ:OLED) last posted its quarterly earnings data on Thursday, May 1st. The semiconductor company reported $1.35 earnings per share for the quarter, topping the consensus estimate of $1.07 by $0.28. Universal Display had a net margin of 34.29% and a return on equity of 15.51%. The company had revenue of $166.28 million for the quarter, compared to analysts’ expectations of $154.76 million. During the same period in the prior year, the business earned $1.19 earnings per share. Universal Display’s revenue for the quarter was up .6% compared to the same quarter last year. On average, equities research analysts expect that Universal Display Co. will post 4.71 EPS for the current fiscal year.

Universal Display Dividend Announcement

The business 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 dividend of $0.45 per share. This represents a $1.80 annualized dividend and a dividend yield of 1.13%. The ex-dividend date is Monday, June 16th. Universal Display’s dividend payout ratio (DPR) is currently 37.42%.

Universal Display 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.