Cetera Investment Advisers Has $1.35 Million Holdings in Universal Display Corporation (NASDAQ:OLED)

Cetera Investment Advisers boosted its position in Universal Display Corporation (NASDAQ:OLED) by 41.5% during the 1st quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 9,673 shares of the semiconductor company’s stock after buying an additional 2,839 shares during the period. Cetera Investment Advisers’ holdings in Universal Display were worth $1,349,000 at the end of the most recent quarter.

Other hedge funds and other institutional investors have also recently bought and sold shares of the company. Orion Capital Management LLC bought a new stake in Universal Display in the fourth quarter valued at $29,000. Golden State Wealth Management LLC increased its stake in 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 valued at $33,000 after purchasing an additional 235 shares in the last quarter. Global X Japan Co. Ltd. acquired a new position in shares of Universal Display during the first quarter valued at about $49,000. Transce3nd LLC acquired a new position in shares of Universal Display during the fourth quarter valued at about $54,000. Finally, HM Payson & Co. grew its holdings in shares of Universal Display by 235.4% during the first quarter. HM Payson & Co. now owns 436 shares of the semiconductor company’s stock valued at $61,000 after buying an additional 306 shares during the last quarter. 78.19% of the stock is owned by institutional investors.

Universal Display Stock Down 0.6%

NASDAQ OLED opened at $137.65 on Monday. Universal Display Corporation has a 12-month low of $103.70 and a 12-month high of $215.90. The firm has a market cap of $6.54 billion, a P/E ratio of 26.88, a price-to-earnings-growth ratio of 1.47 and a beta of 1.47. The company’s 50 day moving average is $152.01 and its 200-day moving average is $144.79.

Universal Display (NASDAQ:OLED) last issued its quarterly earnings results on Thursday, July 31st. The semiconductor company reported $1.41 EPS for the quarter, topping analysts’ consensus estimates of $1.18 by $0.23. The firm had revenue of $171.79 million for the quarter, compared to analyst estimates of $161.58 million. Universal Display had a net margin of 36.95% and a return on equity of 15.82%. The business’s revenue for the quarter was up 8.4% compared to the same quarter last year. During the same quarter in the prior year, the firm earned $1.10 EPS. Equities analysts expect that Universal Display Corporation will post 4.71 EPS for the current year.

Universal Display Announces Dividend

The company also recently declared a quarterly dividend, which will be paid on Tuesday, September 30th. Shareholders of record on Tuesday, September 16th will be given a dividend of $0.45 per share. The ex-dividend date of this dividend is Tuesday, September 16th. This represents a $1.80 annualized dividend and a yield of 1.3%. Universal Display’s dividend payout ratio is presently 35.16%.

Analyst Ratings Changes

OLED has been the subject of a number of analyst reports. Needham & Company LLC reiterated a “buy” rating and set a $170.00 price objective on shares of Universal Display in a report on Friday, May 2nd. Wall Street Zen upgraded shares of Universal Display from a “sell” rating to a “hold” rating in a research note on Friday, May 2nd. Three analysts have rated the stock with a hold rating and five have assigned a buy rating to the stock. According to data from MarketBeat.com, the company presently has an average rating of “Moderate Buy” and an average 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.