Blair William & Co. IL Decreases Position in Universal Display Corporation (NASDAQ:OLED)

Blair William & Co. IL reduced its position in shares of Universal Display Corporation (NASDAQ:OLED) by 4.0% in the 1st quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The fund owned 2,383 shares of the semiconductor company’s stock after selling 100 shares during the period. Blair William & Co. IL’s holdings in Universal Display were worth $332,000 at the end of the most recent reporting period.

Several other institutional investors have also modified their holdings of OLED. O Shaughnessy Asset Management LLC lifted its position in shares of Universal Display by 26.7% during the 4th quarter. O Shaughnessy Asset Management LLC now owns 1,396 shares of the semiconductor company’s stock worth $204,000 after purchasing an additional 294 shares during the last quarter. Franklin Resources Inc. lifted its position in shares of Universal Display by 13.7% during the 4th quarter. Franklin Resources Inc. now owns 1,435 shares of the semiconductor company’s stock worth $210,000 after purchasing an additional 173 shares during the last quarter. Bank of Montreal Can lifted its position in shares of Universal Display by 32.9% during the 4th quarter. Bank of Montreal Can now owns 8,554 shares of the semiconductor company’s stock worth $1,251,000 after purchasing an additional 2,119 shares during the last quarter. Invesco Ltd. lifted its position in shares of Universal Display by 33.3% during the 4th quarter. Invesco Ltd. now owns 305,514 shares of the semiconductor company’s stock worth $44,666,000 after purchasing an additional 76,254 shares during the last quarter. Finally, Raymond James Financial Inc. purchased a new stake in shares of Universal Display during the 4th quarter worth $41,504,000. 78.19% of the stock is owned by hedge funds and other institutional investors.

Universal Display Price Performance

Shares of NASDAQ:OLED opened at $135.82 on Tuesday. The company’s fifty day moving average price is $151.80 and its 200 day moving average price is $144.68. Universal Display Corporation has a 12 month low of $103.70 and a 12 month high of $215.90. The firm has a market capitalization of $6.46 billion, a P/E ratio of 26.53, a P/E/G ratio of 1.47 and a beta of 1.47.

Universal Display (NASDAQ:OLED) last posted its quarterly earnings data on Thursday, July 31st. The semiconductor company reported $1.41 EPS for the quarter, beating analysts’ consensus estimates of $1.18 by $0.23. The company 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%. Universal Display’s quarterly revenue was up 8.4% on a year-over-year basis. During the same period in the previous year, the business posted $1.10 earnings per share. On average, sell-side analysts anticipate that Universal Display Corporation will post 4.71 EPS for the current year.

Universal Display Announces Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Tuesday, September 30th. Shareholders of record on Tuesday, September 16th will be paid a $0.45 dividend. The ex-dividend date is Tuesday, September 16th. This represents a $1.80 dividend on an annualized basis and a yield of 1.3%. Universal Display’s payout ratio is currently 35.16%.

Analyst Upgrades and Downgrades

OLED has been the subject of several recent analyst reports. Needham & Company LLC reaffirmed a “buy” rating and set a $170.00 price objective on shares of Universal Display in a research report on Friday, May 2nd. Wall Street Zen raised shares of Universal Display from a “sell” rating to a “hold” rating in a research report on Friday, May 2nd. Three investment analysts have rated the stock with a hold rating and five have given a buy rating to the stock. According to MarketBeat.com, the company has a consensus rating of “Moderate Buy” and an average target price of $190.43.

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.