SG Americas Securities LLC Buys 2,572 Shares of Universal Display Corporation (NASDAQ:OLED)

SG Americas Securities LLC lifted its stake in Universal Display Corporation (NASDAQ:OLED) by 65.6% during the first quarter, according to its most recent 13F filing with the SEC. The institutional investor owned 6,492 shares of the semiconductor company’s stock after acquiring an additional 2,572 shares during the period. SG Americas Securities LLC’s holdings in Universal Display were worth $906,000 at the end of the most recent reporting period.

A number of other institutional investors have also made changes to their positions in the stock. CIBC Asset Management Inc raised its stake in shares of Universal Display by 5.2% in the 4th quarter. CIBC Asset Management Inc now owns 1,473 shares of the semiconductor company’s stock valued at $215,000 after acquiring an additional 73 shares in the last quarter. CIBC Private Wealth Group LLC raised its stake in shares of Universal Display by 5.6% in the 4th quarter. CIBC Private Wealth Group LLC now owns 1,615 shares of the semiconductor company’s stock valued at $245,000 after acquiring an additional 85 shares in the last quarter. Arizona State Retirement System raised its stake in shares of Universal Display by 0.7% in the 4th quarter. Arizona State Retirement System now owns 13,065 shares of the semiconductor company’s stock valued at $1,910,000 after acquiring an additional 88 shares in the last quarter. Commonwealth Equity Services LLC increased its position in Universal Display by 0.9% in the 4th quarter. Commonwealth Equity Services LLC now owns 10,091 shares of the semiconductor company’s stock worth $1,475,000 after buying an additional 90 shares during the period. Finally, Utah Retirement Systems increased its position in Universal Display by 1.3% in the 4th quarter. Utah Retirement Systems now owns 7,820 shares of the semiconductor company’s stock worth $1,143,000 after buying an additional 100 shares during the period. 78.19% of the stock is owned by institutional investors.

Analysts Set New Price Targets

Several brokerages have commented on OLED. Roth Mkm lifted their price target on Universal Display from $207.00 to $213.00 and gave the stock a “buy” rating in a research report on Friday, February 21st. Susquehanna dropped their price target on Universal Display from $165.00 to $160.00 and set a “neutral” rating on the stock in a research report on Friday, February 21st. Needham & Company LLC reaffirmed a “buy” rating and issued a $170.00 price target on shares of Universal Display in a research report on Friday, May 2nd. Finally, Wall Street Zen raised Universal Display from a “sell” rating to a “hold” rating in a research report on Friday, May 2nd. Three equities 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, Universal Display presently has an average rating of “Moderate Buy” and an average target price of $190.43.

Universal Display Trading Up 0.7%

Shares of NASDAQ:OLED opened at $153.34 on Thursday. Universal Display Corporation has a 1-year low of $103.70 and a 1-year high of $237.00. The firm has a market capitalization of $7.29 billion, a PE ratio of 31.88, a PEG ratio of 1.65 and a beta of 1.50. The business’s 50 day moving average is $140.02 and its 200-day moving average is $145.24.

Universal Display (NASDAQ:OLED) last announced 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 return on equity of 15.35% and a net margin of 35.40%. The company had revenue of $166.28 million for the quarter, compared to analyst estimates of $154.76 million. During the same quarter last year, the firm earned $1.19 EPS. Universal Display’s revenue for the quarter was up .6% compared to the same quarter last year. On average, sell-side analysts predict that Universal Display Corporation will post 4.71 EPS for the current year.

Universal Display Announces Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Monday, June 30th. Stockholders of record on Monday, June 16th will be issued a dividend of $0.45 per share. This represents a $1.80 annualized dividend and a dividend yield of 1.17%. The ex-dividend date of this dividend is Monday, June 16th. Universal Display’s payout ratio is presently 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.