GAMMA Investing LLC Raises Stock Holdings in Universal Display Corporation (NASDAQ:OLED)

GAMMA Investing LLC raised its position in shares of Universal Display Corporation (NASDAQ:OLED) by 134.1% in the 1st quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The firm owned 962 shares of the semiconductor company’s stock after purchasing an additional 551 shares during the period. GAMMA Investing LLC’s holdings in Universal Display were worth $134,000 as of its most recent filing with the Securities and Exchange Commission.

Several other institutional investors and hedge funds have also bought and sold shares of the company. Charles Schwab Investment Management Inc. boosted its holdings in shares of Universal Display by 2.1% in the fourth quarter. Charles Schwab Investment Management Inc. now owns 341,019 shares of the semiconductor company’s stock worth $49,857,000 after acquiring an additional 7,147 shares during the period. Sterling Capital Management LLC boosted its position in shares of Universal Display by 35.0% in the 4th quarter. Sterling Capital Management LLC now owns 1,767 shares of the semiconductor company’s stock worth $258,000 after purchasing an additional 458 shares in the last quarter. Pictet Asset Management Holding SA lifted its position in Universal Display by 9.0% in the 4th quarter. Pictet Asset Management Holding SA now owns 6,299 shares of the semiconductor company’s stock valued at $921,000 after acquiring an additional 522 shares in the last quarter. Park Avenue Securities LLC raised its stake in Universal Display by 46.3% during the 1st quarter. Park Avenue Securities LLC now owns 2,524 shares of the semiconductor company’s stock valued at $352,000 after buying an additional 799 shares during the last quarter. Finally, Farther Finance Advisors LLC increased its position in 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 buying an additional 274 shares in the last quarter. 78.19% of the stock is owned by institutional investors.

Universal Display Price Performance

Universal Display stock opened at $158.91 on Friday. The firm has a 50 day simple moving average of $149.54 and a 200-day simple moving average of $144.89. Universal Display Corporation has a 1-year low of $103.70 and a 1-year high of $237.00. The stock has a market cap of $7.55 billion, a price-to-earnings ratio of 33.04, a price-to-earnings-growth ratio of 1.73 and a beta of 1.51.

Universal Display (NASDAQ:OLED) last issued its quarterly earnings data on Thursday, May 1st. The semiconductor company reported $1.35 EPS for the quarter, topping the consensus estimate 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 net margin of 35.40% and a return on equity of 15.35%. The business’s revenue for the quarter was up .6% compared to the same quarter last year. During the same period in the prior year, the business posted $1.19 EPS. Equities analysts expect that Universal Display Corporation will post 4.71 earnings per share for the current fiscal year.

Universal Display Announces Dividend

The company also recently announced a quarterly dividend, which was paid on Monday, June 30th. Stockholders of record on Monday, June 16th were issued a $0.45 dividend. This represents a $1.80 annualized dividend and a dividend yield of 1.13%. The ex-dividend date was Monday, June 16th. Universal Display’s payout ratio is 37.42%.

Analysts Set New Price Targets

A number of research analysts have recently weighed in on the company. Wall Street Zen upgraded Universal Display from a “sell” rating to a “hold” rating in a research report on Friday, May 2nd. Needham & Company LLC restated a “buy” rating and set a $170.00 price objective on shares of Universal Display in a research report on Friday, May 2nd. Three research analysts have rated the stock with a hold rating and five have issued a buy rating to the stock. Based on data from MarketBeat.com, the stock presently has a consensus rating of “Moderate Buy” and a consensus target price 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.