Yousif Capital Management LLC Has $2.10 Million Stake in Universal Display Co. (NASDAQ:OLED)

Yousif Capital Management LLC lowered its holdings in Universal Display Co. (NASDAQ:OLED) by 2.7% in the first quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 15,085 shares of the semiconductor company’s stock after selling 412 shares during the period. Yousif Capital Management LLC’s holdings in Universal Display were worth $2,104,000 as of its most recent SEC filing.

Several other hedge funds and other institutional investors have also modified their holdings of the business. Orion Capital Management LLC purchased a new stake in shares of Universal Display during the 4th quarter worth about $29,000. Brown Brothers Harriman & Co. increased 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 worth $31,000 after purchasing an additional 154 shares during the last quarter. Blue Trust Inc. increased its stake in shares of 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 during the last quarter. Aster Capital Management DIFC Ltd bought a new position in shares of Universal Display during the 4th quarter valued at $40,000. Finally, Farther Finance Advisors LLC lifted its stake in shares of Universal Display by 761.1% in the 4th 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 Stock Performance

Universal Display stock opened at $153.52 on Monday. Universal Display Co. has a 52 week low of $103.70 and a 52 week high of $237.00. The firm has a market capitalization of $7.30 billion, a PE ratio of 33.02, a PEG ratio of 1.61 and a beta of 1.50. The business’s 50-day simple moving average is $137.93 and its 200-day simple moving average is $145.20.

Universal Display (NASDAQ:OLED) last released its earnings results on Thursday, May 1st. The semiconductor company reported $1.35 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $1.07 by $0.28. The firm had revenue of $166.28 million for the quarter, compared to analyst estimates of $154.76 million. Universal Display had a return on equity of 15.51% and a net margin of 34.29%. The company’s revenue was up .6% on a year-over-year basis. During the same quarter last year, the firm posted $1.19 EPS. Research analysts forecast that Universal Display Co. will post 4.71 earnings per share for the current year.

Universal Display Dividend Announcement

The business also recently announced a quarterly dividend, which will be paid on Monday, June 30th. Investors of record on Monday, June 16th will be paid a dividend of $0.45 per share. This represents a $1.80 annualized dividend and a yield of 1.17%. The ex-dividend date is Monday, June 16th. Universal Display’s payout ratio is currently 37.42%.

Analyst Upgrades and Downgrades

Several equities analysts have commented on OLED shares. Wall Street Zen raised shares of Universal Display from a “sell” rating to a “hold” rating in a research report on Friday, May 2nd. Susquehanna decreased their price target on Universal Display from $165.00 to $160.00 and set a “neutral” rating for the company in a research note on Friday, February 21st. Needham & Company LLC reissued a “buy” rating and set a $170.00 price objective on shares of Universal Display in a report on Friday, May 2nd. Finally, Roth Mkm boosted their target price on Universal Display from $207.00 to $213.00 and gave the stock a “buy” rating in a report on Friday, February 21st. Three investment analysts have rated the stock with a hold rating and five have given a buy rating to the company’s stock. Based on data from MarketBeat, the company currently has a consensus rating of “Moderate Buy” and a consensus price target of $190.43.

About Universal Display

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.