Inceptionr LLC Makes New Investment in Universal Display Corporation $OLED

Inceptionr LLC acquired a new stake in Universal Display Corporation (NASDAQ:OLED) during the 1st quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The institutional investor acquired 10,271 shares of the semiconductor company’s stock, valued at approximately $941,000.

Other institutional investors and hedge funds have also recently bought and sold shares of the company. Lido Advisors LLC boosted its stake in shares of Universal Display by 1.7% during the 3rd quarter. Lido Advisors LLC now owns 5,783 shares of the semiconductor company’s stock worth $831,000 after acquiring an additional 95 shares during the period. Sigma Planning Corp raised its stake in Universal Display by 1.0% in the 4th quarter. Sigma Planning Corp now owns 10,390 shares of the semiconductor company’s stock valued at $1,210,000 after acquiring an additional 103 shares during the period. Certuity LLC raised its stake in Universal Display by 4.3% in the 3rd quarter. Certuity LLC now owns 2,556 shares of the semiconductor company’s stock valued at $367,000 after acquiring an additional 105 shares during the period. U.S. Capital Wealth Advisors LLC lifted its holdings in Universal Display by 2.8% during the 4th quarter. U.S. Capital Wealth Advisors LLC now owns 3,869 shares of the semiconductor company’s stock valued at $452,000 after purchasing an additional 107 shares during the last quarter. Finally, Northwestern Mutual Wealth Management Co. lifted its holdings in Universal Display by 5.7% during the 3rd quarter. Northwestern Mutual Wealth Management Co. now owns 1,999 shares of the semiconductor company’s stock valued at $287,000 after purchasing an additional 108 shares during the last quarter. Institutional investors own 78.19% of the company’s stock.

Analysts Set New Price Targets

A number of equities analysts have commented on OLED shares. The Goldman Sachs Group set a $135.00 price objective on shares of Universal Display in a research report on Tuesday, April 21st. Needham & Company LLC dropped their price objective on shares of Universal Display from $145.00 to $120.00 and set a “buy” rating on the stock in a research report on Friday, May 1st. Weiss Ratings reaffirmed a “hold (c-)” rating on shares of Universal Display in a report on Thursday, June 18th. Roth Capital set a $168.00 target price on shares of Universal Display in a report on Friday, May 1st. Finally, Oppenheimer decreased their price target on shares of Universal Display from $160.00 to $130.00 and set an “outperform” rating on the stock in a research note on Friday, May 1st. Three research analysts have rated the stock with a Buy rating, two have issued a Hold rating and one has assigned a Sell rating to the company’s stock. According to MarketBeat, the company has a consensus rating of “Hold” and a consensus price target of $130.60.

Universal Display Trading Down 0.2%

NASDAQ OLED opened at $79.27 on Friday. Universal Display Corporation has a 1-year low of $77.15 and a 1-year high of $153.38. The company has a 50 day moving average of $86.42 and a 200-day moving average of $98.67. The company has a market cap of $3.71 billion, a price-to-earnings ratio of 17.69 and a beta of 1.54.

Universal Display (NASDAQ:OLED) last issued its quarterly earnings results on Thursday, April 30th. The semiconductor company reported $0.76 earnings per share (EPS) for the quarter, missing the consensus estimate of $1.13 by ($0.37). The company had revenue of $142.21 million during the quarter, compared to the consensus estimate of $161.23 million. Universal Display had a net margin of 34.08% and a return on equity of 12.34%. The company’s quarterly revenue was down 14.5% on a year-over-year basis. During the same quarter last year, the firm posted $1.35 earnings per share. On average, equities research analysts forecast that Universal Display Corporation will post 4.23 earnings per share for the current year.

Universal Display Dividend Announcement

The business also recently announced a quarterly dividend, which was paid on Tuesday, June 30th. Stockholders of record on Tuesday, June 16th were given a dividend of $0.50 per share. This represents a $2.00 dividend on an annualized basis and a dividend yield of 2.5%. The ex-dividend date was Tuesday, June 16th. Universal Display’s dividend payout ratio is presently 44.64%.

Universal Display Profile

Universal Display Corporation (NASDAQ: OLED) is a technology company specializing in organic light-emitting diode (OLED) solutions. The company develops and commercializes materials, technologies and software used in the creation of OLED displays and lighting. Its offerings include proprietary phosphorescent OLED (PHOLED) materials, display driver integrated circuits and process technologies that enable higher efficiency, longer lifetimes and improved color performance for a range of display and lighting applications.

Universal Display’s core business is licensing its extensive OLED patent portfolio to display manufacturers and providing them with the key organic materials needed for device fabrication.