Universal Display Corporation (NASDAQ:OLED) Holdings Boosted by Koshinski Asset Management Inc.

Koshinski Asset Management Inc. raised its stake in Universal Display Corporation (NASDAQ:OLED) by 24.4% in the first quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm owned 2,398 shares of the semiconductor company’s stock after acquiring an additional 471 shares during the period. Koshinski Asset Management Inc.’s holdings in Universal Display were worth $334,000 as of its most recent SEC filing.

Several other institutional investors also recently made changes to their positions in OLED. SRS Capital Advisors Inc. grew its stake in Universal Display by 95.7% during the 4th quarter. SRS Capital Advisors Inc. now owns 822 shares of the semiconductor company’s stock worth $120,000 after buying an additional 402 shares during the last quarter. Jones Financial Companies Lllp increased its holdings in shares of Universal Display by 2,005.9% in the 4th quarter. Jones Financial Companies Lllp now owns 358 shares of the semiconductor company’s stock worth $52,000 after acquiring an additional 341 shares during the period. SBI Securities Co. Ltd. bought a new stake in Universal Display in the 4th quarter valued at about $187,000. Steward Partners Investment Advisory LLC boosted its stake in Universal Display by 98.3% during the 4th quarter. Steward Partners Investment Advisory LLC now owns 827 shares of the semiconductor company’s stock valued at $121,000 after purchasing an additional 410 shares during the period. Finally, Charles Schwab Investment Management Inc. boosted its stake in Universal Display by 2.1% during the 4th quarter. Charles Schwab Investment Management Inc. now owns 341,019 shares of the semiconductor company’s stock valued at $49,857,000 after purchasing an additional 7,147 shares during the period. 78.19% of the stock is owned by institutional investors.

Universal Display Price Performance

NASDAQ:OLED opened at $158.91 on Friday. The stock has a market cap of $7.55 billion, a PE ratio of 33.04, a price-to-earnings-growth ratio of 1.75 and a beta of 1.51. Universal Display Corporation has a fifty-two week low of $103.70 and a fifty-two week high of $237.00. The stock’s 50-day moving average is $148.90 and its two-hundred day moving average is $144.90.

Universal Display (NASDAQ:OLED) last released its quarterly earnings data on Thursday, May 1st. The semiconductor company reported $1.35 EPS for the quarter, topping analysts’ consensus estimates of $1.07 by $0.28. Universal Display had a return on equity of 15.35% and a net margin of 35.40%. The firm had revenue of $166.28 million for the quarter, compared to the consensus estimate of $154.76 million. During the same quarter in the prior year, the company posted $1.19 earnings per share. The firm’s revenue was up .6% on a year-over-year basis. On average, equities research analysts anticipate that Universal Display Corporation will post 4.71 earnings per share for the current year.

Universal Display Dividend Announcement

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

Analysts Set New Price Targets

Several research analysts have recently issued reports on OLED shares. Needham & Company LLC reissued a “buy” rating and issued a $170.00 price target on shares of Universal Display in a research note 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 equities research analysts have rated the stock with a hold rating and five have assigned a buy rating to the company. According to MarketBeat.com, the stock presently has an average 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.