Universal Display Co. (NASDAQ:OLED) Shares Acquired by Park Avenue Securities LLC

Park Avenue Securities LLC boosted its position in Universal Display Co. (NASDAQ:OLED) by 46.3% during the first quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 2,524 shares of the semiconductor company’s stock after buying an additional 799 shares during the quarter. Park Avenue Securities LLC’s holdings in Universal Display were worth $352,000 at the end of the most recent quarter.

A number of other institutional investors have also recently added to or reduced their stakes in the company. Orion Capital Management LLC bought a new stake in shares of Universal Display during the 4th quarter valued at about $29,000. Brown Brothers Harriman & Co. lifted its stake in shares of Universal Display by 280.0% in the 4th quarter. Brown Brothers Harriman & Co. now owns 209 shares of the semiconductor company’s stock worth $31,000 after acquiring an additional 154 shares during the period. Blue Trust Inc. lifted its stake in Universal Display by 401.9% during the fourth quarter. Blue Trust Inc. now owns 261 shares of the semiconductor company’s stock valued at $38,000 after purchasing an additional 209 shares during the last quarter. Aster Capital Management DIFC Ltd acquired a new stake in Universal Display during the fourth quarter valued at approximately $40,000. Finally, Farther Finance Advisors LLC lifted its stake in Universal Display by 761.1% during the fourth quarter. Farther Finance Advisors LLC now owns 310 shares of the semiconductor company’s stock valued at $45,000 after purchasing an additional 274 shares during the last quarter. Institutional investors and hedge funds own 78.19% of the company’s stock.

Universal Display Price Performance

Shares of OLED stock opened at $153.52 on Monday. The firm has a market cap of $7.30 billion, a price-to-earnings ratio of 33.02, a P/E/G ratio of 1.61 and a beta of 1.50. The stock’s fifty day simple moving average is $137.93 and its 200 day simple moving average is $145.20. Universal Display Co. has a one year low of $103.70 and a one year high of $237.00.

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

Universal Display Dividend Announcement

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 paid a dividend of $0.45 per share. The ex-dividend date of this dividend is Monday, June 16th. This represents a $1.80 annualized dividend and a dividend yield of 1.17%. Universal Display’s dividend payout ratio (DPR) is currently 37.42%.

Wall Street Analyst Weigh In

A number of research firms have recently issued reports on OLED. Needham & Company LLC restated a “buy” rating and set a $170.00 price target on shares of Universal Display in a report on Friday, May 2nd. Susquehanna dropped their price target on shares of Universal Display from $165.00 to $160.00 and set a “neutral” rating on the stock in a research note on Friday, February 21st. Wall Street Zen raised shares of Universal Display from a “sell” rating to a “hold” rating in a report on Friday, May 2nd. Finally, Roth Mkm increased their price target on shares of Universal Display from $207.00 to $213.00 and gave the company a “buy” rating in a 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 company’s stock. According to data from MarketBeat.com, the stock currently has an average rating of “Moderate Buy” and a consensus 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.